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Investments - Schedule of sources of net investment income (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Net Investment Income [Line Items]        
Investment income $ 535 $ 464 $ 1,035 $ 904
Investment expenses (5) (4) (10) (9)
Net investment income 530 460 1,025 895
Fixed maturities        
Net Investment Income [Line Items]        
Investment income 431 397 843 786
Equity in earnings of partnerships and similar investments        
Net Investment Income [Line Items]        
Investment income 41 21 87 31
Other        
Net Investment Income [Line Items]        
Investment income 28 27 51 47
Accounting Standards Update 2016-01 | Equity securities        
Net Investment Income [Line Items]        
Investment income [1] 15 2 14 4
Investment income | Equity securities        
Net Investment Income [Line Items]        
Investment income $ 20 $ 17 $ 40 $ 36
[1] As discussed in Note A — “Accounting Policies — Investments,” AFG adopted guidance in January 2018 that requires all equity securities other than those accounted for under the equity method to be reported at fair value with holding gains and losses recognized in net earnings. Although the change in the fair value of the majority of AFG’s equity securities is recorded in realized gains (losses) on securities, AFG records holding gains and losses in net investment income on equity securities classified as “trading” under the previous guidance and on a small portfolio of limited partnership and similar investments that do not qualify for the equity method of accounting.