XML 36 R24.htm IDEA: XBRL DOCUMENT v3.26.1

Segments of Operations (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Segment reporting information, by segment

The following tables (in millions) show AFG’s assets, revenues and earnings before income taxes by segment and sub-segment.

			March 31, 2026						December 31, 2025
Assets
Property and casualty insurance (*)			$	27,527					$	27,654
Other			4,826						4,988
Total assets			$	32,353					$	32,642

(*)Not allocable to sub-segments.

									Three months ended March 31,
															2026						2025
Revenues
Property and casualty insurance:
Net earned premiums:
Specialty
Property and transportation															$	526					$	500
Specialty casualty															799						794
Specialty financial															284						286
Total net earned premiums															1,609						1,580
Net investment income															168						170
Other income															4						3
Total property and casualty insurance															1,781						1,753
Other															91						100
Total revenues before realized gains (losses)															1,872						1,853
Realized gains (losses) on securities															(18)						3
Total revenues															$	1,854					$	1,856
Earnings Before Income Taxes
Property and casualty insurance:
Underwriting:
Specialty
Property and transportation															$	65					$	37
Specialty casualty															34						20
Specialty financial															57						37
Total underwriting (a)															156						94
Investment and other income, net															153						152
Total property and casualty insurance															309						246
Other (b)															(52)						(52)
Total earnings before realized gains (losses) and income taxes															257						194
Realized gains (losses) on securities															(18)						3
Total earnings before income taxes															$	239					$	197

(a)Significant segment expenses, which are losses and loss adjustment expenses and commissions and other underwriting expenses, are shown in the table below by sub-segment.

(b)Includes interest charges on borrowed money and other holding company expenses.

The following table shows the components of underwriting profit, including significant segment expenses, for the Property and casualty insurance segment (in millions):

									Three months ended March 31,
															2026						2025
Property and casualty insurance:
Specialty:
Property and transportation:
Net earned premiums															$	526					$	500
Losses and loss adjustment expenses															301						311
Commissions and other underwriting expenses															160						152
Underwriting profit															$	65					$	37
Specialty casualty:
Net earned premiums															$	799					$	794
Losses and loss adjustment expenses															517						536
Commissions and other underwriting expenses															248						238
Underwriting profit															$	34					$	20
Specialty financial:
Net earned premiums															$	284					$	286
Losses and loss adjustment expenses															88						118
Commissions and other underwriting expenses															139						131
Underwriting profit															$	57					$	37
Total property and casualty insurance segment:
Net earned premiums															$	1,609					$	1,580
Losses and loss adjustment expenses															906						965
Commissions and other underwriting expenses															547						521
Underwriting profit															$	156					$	94

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration