Segments of Operations (Tables)

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Segment Reporting Information, by Segment

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

	Three months ended March 31,
	2013		2012
Revenues
Property and casualty insurance:
Premiums earned:
Specialty
Property and transportation	$	293	$	263
Specialty casualty	259		220
Specialty financial	116		103
Other specialty	19		17
Total premiums earned	687		603
Net investment income	66		70
Other income	3		3
Total property and casualty insurance	756		676
Annuity:
Net investment income	248		228
Other income	14		13
Total annuity	262		241
Run-off long-term care and life	50		47
Medicare supplement and critical illness (a)	—		80
Other	23		(1		)
Total revenues before realized gains	1,091		1,043
Realized gains on securities	57		44
Total revenues	$	1,148	$	1,087

Earnings Before Income Taxes
Property and casualty insurance:
Underwriting:
Specialty
Property and transportation	$	10		$	27
Specialty casualty	19			4
Specialty financial	13			16
Other specialty	6			1
Other lines, primarily A&E charges	(5		)	—
Total underwriting	43			48
Investment and other income, net	56			55
Total property and casualty insurance	99			103
Annuity	76			60
Run-off long-term care and life	(1		)	1
Medicare supplement and critical illness (a)	—			6
Other (b)	(56		)	(68		)
Total earnings before realized gains and income taxes	118			102
Realized gains on securities	57			44
Total earnings before income taxes	$	175		$	146

(a) Sold in August 2012.

(b) Includes holding company expenses and $11 million and $28 million in losses of managed investment entities attributable to noncontrolling interests for the first quarter of 2013 and 2012, respectively.