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Investments - Components of the net unrealized gain on securities that is included in AOCI in the Balance Sheet (Details) - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Unrealized gain on:    
Pretax $ 433 $ 1,063
Deferred Tax (91) (223)
Net 342 840
Total investments    
Unrealized gain on:    
Pretax   1,620
Deferred Tax   (340)
Net   1,280
Total fixed maturities    
Unrealized gain on:    
Pretax 742 1,341
Deferred Tax (156) (282)
Net 586 1,059
Fixed maturities — annuity segment    
Unrealized gain on:    
Pretax [1] 594 1,082
Deferred Tax [1] (125) (227)
Net [1] 469 855
Fixed maturities — all other    
Unrealized gain on:    
Pretax 148 259
Deferred Tax (31) (55)
Net 117 204
Equity securities    
Unrealized gain on:    
Pretax [2]   279
Deferred Tax [2]   (58)
Net [2]   221
Deferred policy acquisition costs — annuity segment    
Unrealized gain on:    
Pretax (236) (433)
Deferred Tax 49 91
Net (187) (342)
Annuity benefits accumulated    
Unrealized gain on:    
Pretax (79) (137)
Deferred Tax 17 29
Net (62) (108)
Unearned revenue    
Unrealized gain on:    
Pretax 6 13
Deferred Tax (1) (3)
Net $ 5 $ 10
[1] Net unrealized gains on fixed maturity investments supporting AFG’s annuity benefits accumulated.
[2] As discussed in Note A — “Accounting Policies — Investments,” effective January 1, 2018, all equity securities other than those accounted for under the equity method are carried at fair value through net earnings.