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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
Sep. 30, 2018
Dec. 31, 2017
Unrealized gain on:    
Pretax $ 118 $ 1,063
Deferred Tax (25) (223)
Net 93 840
Total investments    
Unrealized gain on:    
Pretax   1,620
Deferred Tax   (340)
Net   1,280
Total fixed maturities    
Unrealized gain on:    
Pretax 191 1,341
Deferred Tax (40) (282)
Net 151 1,059
Fixed maturities — annuity segment    
Unrealized gain on:    
Pretax [1] 143 1,082
Deferred Tax [1] (30) (227)
Net [1] 113 855
Fixed maturities — all other    
Unrealized gain on:    
Pretax 48 259
Deferred Tax (10) (55)
Net 38 204
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 (56) (433)
Deferred Tax 12 91
Net (44) (342)
Annuity benefits accumulated    
Unrealized gain on:    
Pretax (18) (137)
Deferred Tax 3 29
Net (15) (108)
Unearned revenue    
Unrealized gain on:    
Pretax 1 13
Deferred Tax 0 (3)
Net $ 1 $ 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.