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Investments - Schedule of sources of net investment income (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Net Investment Income [Line Items]      
Gross investment income $ 2,116 $ 1,852 $ 1,716
Investment expenses (22) (21) (20)
Net investment income 2,094 1,831 1,696
Fixed maturities      
Net Investment Income [Line Items]      
Gross investment income 1,742 1,607 1,510
Equity in earnings of partnerships and similar investments      
Net Investment Income [Line Items]      
Gross investment income 161 64 44
Other      
Net Investment Income [Line Items]      
Gross investment income 112 102 81
Investment income | Equity securities      
Net Investment Income [Line Items]      
Gross investment income 79 73 77
Accounting Standards Update 2016-01 | Equity securities      
Net Investment Income [Line Items]      
Gross investment income [1] $ 22 $ 6 $ 4
[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.