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Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Disclosure of supplemental Balance Sheet information related to leases
AFG’s operating lease right-of-use asset and operating lease liability are included in other assets and other liabilities, respectively, in AFG’s Balance Sheet at December 31 and are presented in the following table (in millions):
20252024
Right-of-use asset$198 $212 
Lease liability216 232 
Other operating lease liability information
Other operating lease information for the years ended December 31, 2025, 2024 and 2023 (in millions):
202520242023
Cash paid for lease liabilities reported in operating cash flows$46 $40 $38 
Right-of-use assets obtained under new leases18 68 102 
Undiscounted contractual maturities of operating lease liabilities
The following table presents the undiscounted contractual maturities of AFG’s operating lease liability at December 31, 2025 (in millions):
Operating lease payments:
2026$39 
202736 
202831 
202926 
203022 
Thereafter150 
Total lease payments304 
Impact of discounting(88)
Operating lease liability$216 
Schedule of weighted-average remaining lease term and weighted-average discount rate
Weighted-average remaining lease term12.1 years
Weighted-average discount rate5.3%