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Shareholders' Equity - Progression of the components of accumulated other comprehensive income (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Jan. 01, 2018
Dec. 31, 2017
Accumulated Other Comprehensive Income [Roll Forward]            
AOCI beginning balance     $ 48      
Other comprehensive income (loss), net of tax $ 109 $ (103) 871 $ (548)    
Cumulative effect of accounting change           $ 4
AOCI ending balance 917   917      
Accumulated Net Investment Gain (Loss) Including Portion Attributable to Noncontrolling Interest            
Accumulated Other Comprehensive Income (Loss) [Line Items]            
Other comprehensive income (loss), unrealized holding gains on securities arising during the period, Pretax 136 (122) 1,073 (662)    
Other comprehensive income (loss), unrealized holding gains on securities arising during the period, tax (29) 26 (226) 139    
Other comprehensive income (loss), unrealized holding gains on securities arising during the period, net of tax 107 (96) 847 (523)    
Reclassification from accumulated other comprehensive income, pretax [1] 1 (2) (13) (4)    
Reclassification from accumulated other comprehensive income, tax [1] 0 0 3 1    
Reclassification from accumulated other comprehensive income, net of tax 1 (2) (10) (3)    
Accumulated Other Comprehensive Income [Roll Forward]            
Other comprehensive income (loss), pretax 137 (124) 1,060 (666)    
Other comprehensive income (loss), tax (29) 26 (223) 140    
Other comprehensive income (loss), net of tax 108 (98) 837 (526)    
Accumulated Net Investment Gain (Loss) Attributable to Noncontrolling Interest            
Accumulated Other Comprehensive Income (Loss) [Line Items]            
Other comprehensive income (loss), unrealized holding gains on securities arising during the period, net of tax 0 0 0 0    
Reclassification from accumulated other comprehensive income, net of tax [1] 0 0 0 0    
Accumulated Other Comprehensive Income [Roll Forward]            
Other comprehensive income (loss), net of tax 0 0 0 0    
Accumulated Net Investment Gain (Loss) Attributable to Parent            
Accumulated Other Comprehensive Income (Loss) [Line Items]            
Other comprehensive income (loss), unrealized holding gains on securities arising during the period, net of tax 107 (96) 847 (523)    
Reclassification from accumulated other comprehensive income, net of tax 1 (2) (10) (3)    
Accumulated Other Comprehensive Income [Roll Forward]            
AOCI beginning balance 812 [2] 191 83 [2] 840    
Other comprehensive income (loss), net of tax 108 (98) 837 (526)    
Cumulative effect of accounting change [3] 0 0 0 0 $ (221)  
AOCI ending balance 920 [2] 93 920 [2] 93    
Accumulated Net Gain (Loss) from Cash Flow Hedges Including Portion Attributable to Noncontrolling Interest            
Accumulated Other Comprehensive Income [Roll Forward]            
Other comprehensive income (loss), pretax 9 (6) 46 (24)    
Other comprehensive income (loss), tax (2) 1 (10) 5    
Other comprehensive income (loss), net of tax 7 (5) 36 (19)    
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Noncontrolling Interest            
Accumulated Other Comprehensive Income [Roll Forward]            
Other comprehensive income (loss), net of tax 0 0 0 0    
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent            
Accumulated Other Comprehensive Income [Roll Forward]            
AOCI beginning balance 18 (27) (11) (13)    
Other comprehensive income (loss), net of tax 7 (5) 36 (19)    
Cumulative effect of accounting change [3] 0 0 0 0 0  
AOCI ending balance 25 (32) 25 (32)    
Accumulated Foreign Currency Adjustment Including Portion Attributable to Noncontrolling Interest            
Accumulated Other Comprehensive Income [Roll Forward]            
Other comprehensive income (loss), pretax (6) 0 (3) (2)    
Other comprehensive income (loss), tax (1) 0 0 (1)    
Other comprehensive income (loss), net of tax (7) 0 (3) (3)    
Accumulated Foreign Currency Adjustment Attributable to Noncontrolling Interest            
Accumulated Other Comprehensive Income [Roll Forward]            
Other comprehensive income (loss), net of tax (1) 0 (2) 0    
Accumulated Foreign Currency Adjustment Attributable to Parent            
Accumulated Other Comprehensive Income [Roll Forward]            
AOCI beginning balance (13) (9) (16) (6)    
Other comprehensive income (loss), net of tax (8) 0 (5) (3)    
Cumulative effect of accounting change [3] 0 0 0 0 0  
AOCI ending balance (21) (9) (21) (9)    
Accumulated Defined Benefit Plans Adjustment Including Portion Attributable to Noncontrolling Interest            
Accumulated Other Comprehensive Income [Roll Forward]            
Other comprehensive income (loss), pretax 1 0 1 0    
Other comprehensive income (loss), tax 0 0 0 0    
Other comprehensive income (loss), net of tax 1 0 1 0    
Accumulated Defined Benefit Plans Adjustment Attributable to Noncontrolling Interest            
Accumulated Other Comprehensive Income [Roll Forward]            
Other comprehensive income (loss), net of tax 0 0 0 0    
Accumulated Defined Benefit Plans Adjustment Attributable to Parent            
Accumulated Other Comprehensive Income [Roll Forward]            
AOCI beginning balance (8) (8) (8) (8)    
Other comprehensive income (loss), net of tax 1 0 1 0    
Cumulative effect of accounting change [3] 0 0 0 0 0  
AOCI ending balance (7) (8) (7) (8)    
AOCI Including Portion Attributable to Noncontrolling Interest            
Accumulated Other Comprehensive Income [Roll Forward]            
Other comprehensive income (loss), pretax 141 (130) 1,104 (692)    
Other comprehensive income (loss), tax (32) 27 (233) 144    
Other comprehensive income (loss), net of tax 109 (103) 871 (548)    
AOCI Attributable to Noncontrolling Interest            
Accumulated Other Comprehensive Income [Roll Forward]            
Other comprehensive income (loss), net of tax (1) 0 (2) 0    
AOCI Attributable to Parent            
Accumulated Other Comprehensive Income [Roll Forward]            
AOCI beginning balance 809 147 48 813    
Other comprehensive income (loss), net of tax 108 (103) 869 (548)    
Cumulative effect of accounting change 0 [3] 0 [3] 0 [3] 0 [3] $ (221) [3] $ (221)
AOCI ending balance $ 917 $ 44 $ 917 $ 44    
[1] The reclassification adjustment out of net unrealized gains (losses) on securities affected the following lines in AFG’s Statement of Earnings:
 
OCI component
 
Affected line in the statement of earnings
 
 
Pretax
 
Realized gains (losses) on securities
 
 
Tax
 
Provision for income taxes
 

[2]
Includes net unrealized gains of $55 million at September 30, 2019 compared to $59 million at June 30, 2019 and $58 million at December 31, 2018 related to securities for which only the credit portion of an other-than-temporary impairment has been recorded in earnings.
[3]
On January 1, 2018, AFG adopted new guidance 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. At the date of adoption, the $221 million net unrealized gain on equity securities classified as available for sale (with unrealized holding gains and losses reported in AOCI) under the prior guidance was reclassified from AOCI to retained earnings as the cumulative effect of an accounting change.