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Condensed Financial Information of Parent Company | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Condensed Financial Information of Parent Company | AMERICAN FINANCIAL GROUP, INC. — PARENT ONLY SCHEDULE II — CONDENSED FINANCIAL INFORMATION OF REGISTRANT (In Millions) Condensed Balance Sheet
| December 31,
| 2024 |  | 2023
Assets: |  |  |
Cash and cash equivalents | $ | 283 |  |  | $ | 268 |
Investment in securities | 42 |  |  | 154 |
Investment in subsidiaries (*) | 5,681 |  |  | 5,396 |
Real estate and other investments | 64 |  |  | 63 |
Other assets | 219 |  |  | 189 |
Total assets | $ | 6,289 |  |  | $ | 6,070 |
Liabilities and Equity: |  |  |
Long-term debt | $ | 1,475 |  |  | $ | 1,475 |
Other liabilities | 348 |  |  | 337 |
Shareholders’ equity | 4,466 |  |  | 4,258 |
Total liabilities and equity | $ | 6,289 |  |  | $ | 6,070 |
Condensed Statement of Earnings
| Year ended December 31,
| 2024 |  | 2023 |  | 2022
Revenues: |  |  |  |  |
Dividends from subsidiaries | $ | 841 |  |  | $ | 903 |  |  | $ | 879 |
Equity in undistributed earnings of subsidiaries | 454 |  |  | 308 |  |  | 405 |
Investment and other income | 28 |  |  | 60 |  |  | 28 |
Total revenues | 1,323 |  |  | 1,271 |  |  | 1,312 |
Costs and Expenses: |  |  |  |  |
Interest charges on intercompany borrowings | 8 |  |  | 8 |  |  | 7 |
Interest charges on other borrowings | 76 |  |  | 76 |  |  | 85 |
Other expenses | 115 |  |  | 114 |  |  | 97 |
Total costs and expenses | 199 |  |  | 198 |  |  | 189 |
Earnings before income taxes | 1,124 |  |  | 1,073 |  |  | 1,123 |
Provision for income taxes | 237 |  |  | 221 |  |  | 225 |
Net Earnings | $ | 887 |  |  | $ | 852 |  |  | $ | 898 |
Condensed Statement of Comprehensive Income
| Year ended December 31,
| 2024 |  | 2023 |  | 2022
Net earnings | $ | 887 |  |  | $ | 852 |  |  | $ | 898 |
Other comprehensive income (loss), net of tax | 79 |  |  | 224 |  |  | (662) |
Total comprehensive income, net of tax | $ | 966 |  |  | $ | 1,076 |  |  | $ | 236 |
________________________ (*)Investment in subsidiaries includes intercompany receivables and payables. Condensed Statement of Cash Flows
| Year ended December 31,
| 2024 |  | 2023 |  | 2022
Operating Activities: |  |  |  |  |
Net earnings | $ | 887 |  |  | $ | 852 |  |  | $ | 898 |
Adjustments: |  |  |  |  |
Equity in net earnings of subsidiaries | (1,030) |  |  | (967) |  |  | (1,030) |
Dividends from subsidiaries | 812 |  |  | 896 |  |  | 539 |
Other operating activities, net | 43 |  |  | (62) |  |  | (80) |
Net cash provided by operating activities | 712 |  |  | 719 |  |  | 327 |
Investing Activities: |  |  |  |  |
Capital contributions to subsidiaries | (36) |  |  | (180) |  |  | (26) |
Returns of capital from subsidiaries | 30 |  |  | 7 |  |  | 29 |
Purchases of investments, property and equipment | (55) |  |  | (35) |  |  | (223) |
Proceeds from: |  |  |  |  |
Maturities and redemptions of investments | 129 |  |  | 255 |  |  | 556 |
Sales of investments, property and equipment | 4 |  |  | 178 |  |  | 656 |
Net cash provided by investing activities | 72 |  |  | 225 |  |  | 992 |
Financing Activities: |  |  |  |  |
Reductions of long-term debt | — |  |  | (21) |  |  | (477) |
Issuances of Common Stock | 19 |  |  | 17 |  |  | 18 |
Repurchases of Common Stock | — |  |  | (213) |  |  | (11) |
Cash dividends paid on Common Stock | (788) |  |  | (684) |  |  | (1,213) |
Net cash used in financing activities | (769) |  |  | (901) |  |  | (1,683) |
Net Change in Cash and Cash Equivalents | 15 |  |  | 43 |  |  | (364) |
Cash and cash equivalents at beginning of year | 268 |  |  | 225 |  |  | 589 |
Cash and cash equivalents at end of year | $ | 283 |  |  | $ | 268 |  |  | $ | 225 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
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