XML 63 R50.htm IDEA: XBRL DOCUMENT v3.10.0.1
Investments - Schedule of sources of net investment income (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Net Investment Income [Line Items]        
Investment income $ 533 $ 475 $ 1,568 $ 1,379
Investment expenses (6) (4) (16) (13)
Net investment income 527 471 1,552 1,366
Fixed maturities        
Net Investment Income [Line Items]        
Investment income 440 405 1,283 1,191
Equity in earnings of partnerships and similar investments        
Net Investment Income [Line Items]        
Investment income 41 20 128 51
Other        
Net Investment Income [Line Items]        
Investment income 31 33 82 80
Accounting Standards Update 2016-01 | Equity securities        
Net Investment Income [Line Items]        
Investment income [1] 2 0 16 4
Investment income | Equity securities        
Net Investment Income [Line Items]        
Investment income $ 19 $ 17 $ 59 $ 53
[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.