Segments of Operations (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Segment Reporting Information, by Segment

The following tables (in millions) show AFG’s revenues and earnings before income taxes by segment and sub-segment.

	Three months ended March 31,
	2019		2018
Revenues
Property and casualty insurance:
Premiums earned:
Specialty
Property and transportation	$	361	$	350
Specialty casualty	629		579
Specialty financial	146		149
Other specialty	37		29
Total premiums earned	1,173		1,107
Net investment income	104		100
Other income	3		2
Total property and casualty insurance	1,280		1,209
Annuity:
Net investment income	435		394
Other income	27		26
Total annuity	462		420
Other	98		83
Total revenues before realized gains (losses)	1,840		1,712
Realized gains (losses) on securities	184		(93		)
Total revenues	$	2,024	$	1,619

Earnings Before Income Taxes
Property and casualty insurance:
Underwriting:
Specialty
Property and transportation	$	39		$	33
Specialty casualty	36			41
Specialty financial	13			15
Other specialty	—			3
Other lines (*)	(1		)	(1		)
Total underwriting	87			91
Investment and other income, net	95			93
Total property and casualty insurance	182			184
Annuity	90			125
Other	(43		)	(42		)
Total earnings before realized gains (losses) and income taxes	229			267
Realized gains (losses) on securities	184			(93		)
Total earnings before income taxes	$	413		$	174

(*) Includes holding company interest and expenses.