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Managed Investment Entities - Progression of investment in CLO tranches (Details) - Variable interest entity, primary beneficiary - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Variable Interest Entity, Ownership [Roll Forward]        
Balance at beginning of period of ownership of CLO tranches $ 148 $ 159 $ 175 $ 177
Purchases 55 10 130 94
Sales (58) 0 (146) (100)
Distributions (13) (7) (31) (32)
CLO earnings attributable to AFG 6 2 10 25
Balance at end of period of ownership of CLO tranches $ 138 $ 164 $ 138 $ 164