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Shareholders' Equity (Tables) | 3 Months Ended
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Mar. 31, 2023
Stockholders' Equity Note [Abstract] |
Components of accumulated other comprehensive income (loss) | The progression of the components of accumulated other comprehensive income (loss) follows (in millions):
|  |  | Other Comprehensive Income (Loss) |  |  |  |
| AOCI Beginning Balance |  | Pretax |  | Tax |  | Net of tax |  |  |  |  |  |  |  | AOCI Ending Balance
Three months ended March 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains (losses) on securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding gains (losses) on securities arising during the period |  |  | $ | 78 |  |  | $ | (17) |  |  | $ | 61 |  |  |  |  |  |  |  |  |
Reclassification adjustment for realized (gains) losses included in net earnings (*) |  |  | 29 |  |  | (6) |  |  | 23 |  |  |  |  |  |  |  |  |
Total net unrealized gains (losses) on securities | $ | (497) |  |  | 107 |  |  | (23) |  |  | 84 |  |  |  |  |  |  |  |  | $ | (413) |
Net unrealized gains (losses) on cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding gains (losses) on cash flow hedges arising during the period |  |  | 5 |  |  | (1) |  |  | 4 |  |  |  |  |  |  |  |  |
Reclassification adjustment for investment income included in net earnings |  |  | 5 |  |  | (1) |  |  | 4 |  |  |  |  |  |  |  |  |
Total net unrealized gains (losses) on cash flow hedges | (29) |  |  | 10 |  |  | (2) |  |  | 8 |  |  |  |  |  |  |  |  | (21) |
Foreign currency translation adjustments | (20) |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  |  |  | (20) |
Pension and other postretirement plan adjustments | 3 |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  |  |  | 3 |
Total | $ | (543) |  |  | $ | 117 |  |  | $ | (25) |  |  | $ | 92 |  |  |  |  |  |  |  |  | $ | (451) |
Three months ended March 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains (losses) on securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding gains (losses) on securities arising during the period |  |  | $ | (313) |  |  | $ | 66 |  |  | $ | (247) |  |  |  |  |  |  |  |  |
Reclassification adjustment for realized (gains) losses included in net earnings (*) |  |  | 2 |  |  | — |  |  | 2 |  |  |  |  |  |  |  |  |
Total net unrealized gains (losses) on securities | $ | 136 |  |  | (311) |  |  | 66 |  |  | (245) |  |  |  |  |  |  |  |  | $ | (109) |
Net unrealized gains (losses) on cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding gains (losses) on cash flow hedges arising during the period |  |  | (4) |  |  | 1 |  |  | (3) |  |  |  |  |  |  |  |  |
Reclassification adjustment for investment income included in net earnings |  |  | (1) |  |  | — |  |  | (1) |  |  |  |  |  |  |  |  |
Total net unrealized gains (losses) on cash flow hedges | — |  |  | (5) |  |  | 1 |  |  | (4) |  |  |  |  |  |  |  |  | (4) |
Foreign currency translation adjustments | (18) |  |  | (2) |  |  | 1 |  |  | (1) |  |  |  |  |  |  |  |  | (19) |
Pension and other postretirement plan adjustments | 1 |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  |  |  | 1 |
Total | $ | 119 |  |  | $ | (318) |  |  | $ | 68 |  |  | $ | (250) |  |  |  |  |  |  |  |  | $ | (131) |
The reclassification adjustment out of net unrealized gains (losses) on securities affected the following lines in AFG’s Statement of Earnings:
| OCI component |  | Affected line in the statement of earnings |
| Pretax |  | Realized gains (losses) on securities |
| Tax |  | Provision for income taxes |

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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
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