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Investments - Realized gains (losses) and changes in unrealized appreciation (depreciation) related to fixed maturity and equity security investments (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Realized gains (losses) and changes in unrealized appreciation (depreciation) related to fixed maturity and equity security investments    
Realized before impairments $ (92) $ 9
Realized — impairments (1) (6)
Realized gains (losses) on securities (93) 3
Net of tax    
Realized gains (losses) and changes in unrealized appreciation (depreciation) related to fixed maturity and equity security investments    
Realized before impairments (72) 6
Realized — impairments (1) (4)
Realized gains (losses) on securities (73) 2
Change in unrealized (277) 125
Total pretax    
Realized gains (losses) and changes in unrealized appreciation (depreciation) related to fixed maturity and equity security investments    
Realized before impairments (92) 9
Realized — impairments (1) (6)
Realized gains (losses) on securities (93) 3
Change in unrealized (351) 191
Fixed maturities    
Realized gains (losses) and changes in unrealized appreciation (depreciation) related to fixed maturity and equity security investments    
Realized before impairments (1) 5
Realized — impairments (1) 0
Realized gains (losses) on securities (2) 5
Change in unrealized (599) 202
Equity securities    
Realized gains (losses) and changes in unrealized appreciation (depreciation) related to fixed maturity and equity security investments    
Realized before impairments [1] (95) 2
Realized — impairments [1] 0 (9)
Realized gains (losses) on securities [1] (95) (7)
Change in unrealized [1] 0 72
Mortgage loans and other investments    
Realized gains (losses) and changes in unrealized appreciation (depreciation) related to fixed maturity and equity security investments    
Realized before impairments 0 3
Realized — impairments 0 0
Realized gains (losses) on securities 0 3
Change in unrealized 0 0
Other, Including DPAC and reserves related to the annuity business    
Realized gains (losses) and changes in unrealized appreciation (depreciation) related to fixed maturity and equity security investments    
Realized before impairments [2] 4 (1)
Realized — impairments [2] 0 3
Realized gains (losses) on securities [2] 4 2
Change in unrealized [2] 248 (83)
Tax effects    
Realized gains (losses) and changes in unrealized appreciation (depreciation) related to fixed maturity and equity security investments    
Realized before impairments 20 (3)
Realized — impairments 0 2
Realized gains (losses) on securities 20 (1)
Change in unrealized $ 74 $ (66)
[1] 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. AFG recorded a net realized loss of $94 million on equity securities during the first three months of 2018 on securities that were still owned at March 31, 2018.
[2] Primarily adjustments to deferred policy acquisition costs and reserves related to the annuity business.