Segments of Operations (Tables)

3 Months Ended

Mar. 31, 2017

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,
	2017		2016
Revenues
Property and casualty insurance:
Premiums earned:
Specialty
Property and transportation	$	342	$	339
Specialty casualty	508		502
Specialty financial	147		132
Other specialty	25		25
Total premiums earned	1,022		998
Net investment income	86		83
Other income (a)	16		3
Total property and casualty insurance	1,124		1,084
Annuity:
Net investment income	347		315
Other income	27		26
Total annuity	374		341
Run-off long-term care and life	12		12
Other	63		56
Total revenues before realized gains (losses)	1,573		1,493
Realized gains (losses) on securities	3		(18		)
Total revenues	$	1,576	$	1,475

Earnings Before Income Taxes
Property and casualty insurance:
Underwriting:
Specialty
Property and transportation	$	43		$	32
Specialty casualty	15			29
Specialty financial	22			23
Other specialty	(1		)	2
Other lines	(1		)	1
Total underwriting	78			87
Investment and other income, net (a)	93			75
Total property and casualty insurance	171			162
Annuity	96			53
Run-off long-term care and life	—			(1		)
Other (b)	(47		)	(40		)
Total earnings before realized gains (losses) and income taxes	220			174
Realized gains (losses) on securities	3			(18		)
Total earnings before income taxes	$	223		$	156

(a) Includes pretax income of $13 million (before noncontrolling interest) from the sale of a hotel in the first quarter of 2017.

(b) Includes holding company interest and expenses.