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Shareholders' Equity (Tables)
3 Months Ended
Mar. 31, 2020
Stockholders' Equity Note [Abstract]  
Components of accumulated other comprehensive income (loss)
The progression of the components of accumulated other comprehensive income follows (in millions):
 
 
 
Other Comprehensive Income (Loss)
 
 
 
AOCI
Beginning
Balance
 
Pretax
 
Tax
 
Net
of
tax
 
Attributable to
noncontrolling
interests
 
Attributable to
shareholders
 
AOCI
Ending
Balance
Three months ended March 31, 2020
 
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized gains (losses) on securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized holding losses on securities arising during the period
 
 
$
(1,095
)
 
$
230

 
$
(865
)
 
$

 
$
(865
)
 


Reclassification adjustment for realized (gains) losses included in net earnings (*)
 
 
24

 
(5
)
 
19

 

 
19

 


Total net unrealized gains (losses) on securities
$
862

 
(1,071
)
 
225

 
(846
)
 

 
(846
)
 
$
16

Net unrealized gains on cash flow hedges
17

 
34

 
(7
)
 
27

 

 
27

 
44

Foreign currency translation adjustments
(9
)
 
(10
)
 

 
(10
)
 
(2
)
 
(12
)
 
(21
)
Pension and other postretirement plans adjustments
(7
)
 

 

 

 

 

 
(7
)
Total
$
863

 
$
(1,047
)
 
$
218

 
$
(829
)
 
$
(2
)
 
$
(831
)
 
$
32

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended March 31, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized gains on securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized holding gains on securities arising during the period
 
 
$
487

 
$
(103
)
 
$
384

 
$

 
$
384

 
 
Reclassification adjustment for realized (gains) losses included in net earnings (*)
 
 
(4
)
 
1

 
(3
)
 

 
(3
)
 
 
Total net unrealized gains on securities
$
83

 
483

 
(102
)
 
381

 

 
381

 
$
464

Net unrealized gains (losses) on cash flow hedges
(11
)
 
14

 
(3
)
 
11

 

 
11

 

Foreign currency translation adjustments
(16
)
 
4

 

 
4

 

 
4

 
(12
)
Pension and other postretirement plans adjustments
(8
)
 

 

 

 

 

 
(8
)
Total
$
48

 
$
501

 
$
(105
)
 
$
396

 
$

 
$
396

 
$
444


(*)    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 (credit) for income taxes