Segments of Operations (Tables)

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Segment Reporting Information, by Segment

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

	Three months ended March 31,
	2016			2015
Revenues
Property and casualty insurance:
Premiums earned:
Specialty
Property and transportation	$	339		$	313
Specialty casualty	502			490
Specialty financial	132			120
Other specialty	25			23
Total premiums earned	998			946
Net investment income	83			79
Other income	3			6
Total property and casualty insurance	1,084			1,031
Annuity:
Net investment income	315			292
Other income	26			27
Total annuity	341			319
Run-off long-term care and life (a)	12			46
Other	56			44
Total revenues before realized gains (losses)	1,493			1,440
Realized gains (losses) on securities	(18		)	19
Realized losses on subsidiaries	—			(162		)
Total revenues	$	1,475		$	1,297

Earnings Before Income Taxes
Property and casualty insurance:
Underwriting:
Specialty
Property and transportation	$	32		$	7
Specialty casualty	29			28
Specialty financial	23			22
Other specialty	2			3
Other lines	1			—
Total underwriting	87			60
Investment and other income, net	75			73
Total property and casualty insurance	162			133
Annuity	53			75
Run-off long-term care and life (a)	(1		)	4
Other (b)	(40		)	(39		)
Total earnings before realized gains (losses) and income taxes	174			173
Realized gains (losses) on securities	(18		)	19
Realized losses on subsidiaries	—			(162		)
Total earnings before income taxes	$	156		$	30

(a) AFG sold substantially all of its run-off long-term care insurance business in December 2015.

(b) Includes holding company interest and expenses.