Segments of Operations (Tables)

3 Months Ended

Mar. 31, 2018

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,
	2018			2017
Revenues
Property and casualty insurance:
Premiums earned:
Specialty
Property and transportation	$	350		$	342
Specialty casualty	579			508
Specialty financial	149			147
Other specialty	29			25
Total premiums earned	1,107			1,022
Net investment income	100			86
Other income (a)	2			16
Total property and casualty insurance	1,209			1,124
Annuity:
Net investment income	394			347
Other income	26			27
Total annuity	420			374
Other	83			75
Total revenues before realized gains (losses)	1,712			1,573
Realized gains (losses) on securities	(93		)	3
Total revenues	$	1,619		$	1,576

Earnings Before Income Taxes
Property and casualty insurance:
Underwriting:
Specialty
Property and transportation	$	33		$	43
Specialty casualty	41			15
Specialty financial	15			22
Other specialty	3			(1		)
Other lines (b)	(1		)	(1		)
Total underwriting	91			78
Investment and other income, net (a)	93			93
Total property and casualty insurance	184			171
Annuity	125			96
Other (b)	(42		)	(47		)
Total earnings before realized gains (losses) and income taxes	267			220
Realized gains (losses) on securities	(93		)	3
Total earnings before income taxes	$	174		$	223

(a) Includes 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.