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Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2024

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
Quarter ended September 30, 2024
Net unrealized gains (losses) on securities:
Unrealized holding gains (losses) on securities arising during the period									$	226					$	(48)					$	178
Reclassification adjustment for realized (gains) losses included in net earnings (*)									15						(3)						12
Total net unrealized gains (losses) on securities			$	(290)					241						(51)						190																								$	(100)
Net unrealized gains (losses) on cash flow hedges:
Unrealized holding gains (losses) on cash flow hedges arising during the period									11						(3)						8
Reclassification adjustment for investment income included in net earnings (*)									6						(1)						5
Total net unrealized gains (losses) on cash flow hedges			(20)						17						(4)						13																								(7)
Foreign currency translation adjustments			(23)						(9)						1						(8)																								(31)
Pension and other postretirement plan adjustments			2						—						—						—																								2
Total			$	(331)					$	249					$	(54)					$	195																							$	(136)
Quarter ended September 30, 2023
Net unrealized gains (losses) on securities:
Unrealized holding gains (losses) on securities arising during the period									$	(81)					$	17					$	(64)
Reclassification adjustment for realized (gains) losses included in net earnings (*)									9						(2)						7
Total net unrealized gains (losses) on securities			$	(464)					(72)						15						(57)																								$	(521)
Net unrealized gains (losses) on cash flow hedges:
Unrealized holding gains (losses) on cash flow hedges arising during the period									(9)						2						(7)
Reclassification adjustment for investment income included in net earnings (*)									8						(2)						6
Total net unrealized gains (losses) on cash flow hedges			(33)						(1)						—						(1)																								(34)
Foreign currency translation adjustments			(17)						—						(1)						(1)																								(18)
Pension and other postretirement plan adjustments			3						—						—						—																								3
Total			$	(511)					$	(73)					$	14					$	(59)																							$	(570)

									Other Comprehensive Income (Loss)
			AOCI Beginning Balance						Pretax						Tax						Net of tax																								AOCI Ending Balance
Nine months ended September 30, 2024
Net unrealized gains (losses) on securities:
Unrealized holding gains (losses) on securities arising during the period									$	216					$	(46)					$	170
Reclassification adjustment for realized (gains) losses included in net earnings (*)									21						(4)						17
Total net unrealized gains (losses) on securities			$	(287)					237						(50)						187																								$	(100)
Net unrealized gains (losses) on cash flow hedges:
Unrealized holding gains (losses) on cash flow hedges arising during the period									(7)						1						(6)
Reclassification adjustment for investment income included in net earnings (*)									20						(4)						16
Total net unrealized gains (losses) on cash flow hedges			(17)						13						(3)						10																								(7)
Foreign currency translation adjustments			(17)						(14)						—						(14)																								(31)
Pension and other postretirement plan adjustments			2						—						—						—																								2
Total			$	(319)					$	236					$	(53)					$	183																							$	(136)
Nine months ended September 30, 2023
Net unrealized gains (losses) on securities:
Unrealized holding gains (losses) on securities arising during the period									$	(69)					$	14					$	(55)
Reclassification adjustment for realized (gains) losses included in net earnings (*)									40						(9)						31
Total net unrealized gains (losses) on securities			$	(497)					(29)						5						(24)																								$	(521)
Net unrealized gains (losses) on cash flow hedges:
Unrealized holding gains (losses) on cash flow hedges arising during the period									(25)						5						(20)
Reclassification adjustment for investment income included in net earnings (*)									19						(4)						15
Total net unrealized gains (losses) on cash flow hedges			(29)						(6)						1						(5)																								(34)
Foreign currency translation adjustments			(20)						2						—						2																								(18)
Pension and other postretirement plan adjustments			3						—						—						—																								3
Total			$	(543)					$	(33)					$	6					$	(27)																							$	(570)

(*)The reclassification adjustments affected the following lines in AFG’s Statement of Earnings:

OCI component

Affected line in the statement of earnings

Pretax - Net unrealized gains (losses) on securities

Realized gains (losses) on securities

Pretax - Net unrealized gains (losses) on cash flow hedges

Net investment income

Tax

Provision for income taxes

X

- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

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X

- References

No definition available.

+ Details

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