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Segments of Operations - Earnings before income taxes by segment and sub-segment (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Segment Reporting Information [Line Items]        
Earnings before realized gains (losses) and income taxes $ 176 $ 110 $ 500 $ 510
Realized gains (losses) on securities 2 (16) (32) 2
Realized gains (losses) on subsidiaries 0 5 2 (157)
Earnings before income taxes 178 99 470 355
Property and Casualty Insurance        
Segment Reporting Information [Line Items]        
Property and casualty insurance underwriting 42 15 126 125
Investment and other income, net [1] 79 75 269 272
Earnings before realized gains (losses) and income taxes 121 90 395 397
Annuity        
Segment Reporting Information [Line Items]        
Earnings before realized gains (losses) and income taxes 107 67 236 230
Run-off Long-term Care and Life        
Segment Reporting Information [Line Items]        
Earnings before realized gains (losses) and income taxes [2] 1 6 0 14
Other        
Segment Reporting Information [Line Items]        
Earnings before realized gains (losses) and income taxes [3] (53) (53) (131) (131)
Specialty Property and transportation | Property and Casualty Insurance        
Segment Reporting Information [Line Items]        
Property and casualty insurance underwriting 44 20 91 14
Specialty casualty | Property and Casualty Insurance        
Segment Reporting Information [Line Items]        
Property and casualty insurance underwriting 13 31 65 96
Specialty financial | Property and Casualty Insurance        
Segment Reporting Information [Line Items]        
Property and casualty insurance underwriting 19 26 64 72
Other specialty | Property and Casualty Insurance        
Segment Reporting Information [Line Items]        
Property and casualty insurance underwriting 2 7 7 13
Other Lines | Property and Casualty Insurance        
Segment Reporting Information [Line Items]        
Property and casualty insurance underwriting [4] $ (36) $ (69) $ (101) $ (70)
[1] Includes pretax income of $32 million (before noncontrolling interest) from the sale of an apartment property in the second quarter of 2016 and $51 million (before noncontrolling interest) from the sale of the Le Pavillon Hotel in the second quarter of 2015.
[2] AFG sold substantially all of its run-off long-term care insurance business in December 2015.
[3] Includes holding company interest and expenses, including a $4 million loss on retirement of debt in the third quarter of 2015, and special charges of $5 million and $12 million in the third quarter of 2016 and 2015, respectively, to increase A&E reserves related to AFG’s former railroad and manufacturing operations.
[4] Includes a special charge of $65 million related to the exit of certain lines of business within AFG’s Lloyd’s-based insurer, Neon, in the second quarter of 2016 and special charges of $36 million and $67 million in the third quarter of 2016 and 2015, respectively, to increase asbestos and environmental (“A&E”) reserves.