Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 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		Other		AOCI Ending Balance
Quarter ended September 30, 2020
Net unrealized gains on securities:
Unrealized holding gains on securities arising during the period			$	245	$	(51)	$	194	$	—	$	194
Reclassification adjustment for realized (gains) losses included in net earnings (*)			(15)		3		(12)		—		(12)
Total net unrealized gains (losses) on securities	$	1,030	230		(48)		182		—		182		$	—	$	1,212
Net unrealized gains (losses) on cash flow hedges	47		(7)		1		(6)		—		(6)		—		41
Foreign currency translation adjustments	(17)		—		—		—		—		—		4		(13)
Pension and other postretirement plans adjustments	(7)		—		—		—		—		—		—		(7)
Total	$	1,053	$	223	$	(47)	$	176	$	—	$	176	$	4	$	1,233
Quarter ended September 30, 2019
Net unrealized gains on securities:
Unrealized holding gains on securities arising during the period			$	136	$	(29)	$	107	$	—	$	107
Reclassification adjustment for realized (gains) losses included in net earnings (*)			1		—		1		—		1
Total net unrealized gains (losses) on securities	$	812	137		(29)		108		—		108		$	—	$	920
Net unrealized gains on cash flow hedges	18		9		(2)		7		—		7		—		25
Foreign currency translation adjustments	(13)		(6)		(1)		(7)		(1)		(8)		—		(21)
Pension and other postretirement plans adjustments	(8)		1		—		1		—		1		—		(7)
Total	$	809	$	141	$	(32)	$	109	$	(1)	$	108	$	—	$	917
Nine months ended September 30, 2020
Net unrealized gains (losses) on securities:
Unrealized holding gains on securities arising during the period			$	443	$	(93)	$	350	$	—	$	350
Reclassification adjustment for realized (gains) losses included in net earnings (*)			—		—		—		—		—
Total net unrealized gains (losses) on securities	$	862	443		(93)		350		—		350		$	—	$	1,212
Net unrealized gains on cash flow hedges	17		31		(7)		24		—		24		—		41
Foreign currency translation adjustments	(9)		(6)		—		(6)		(2)		(8)		4		(13)
Pension and other postretirement plans adjustments	(7)		—		—		—		—		—		—		(7)
Total	$	863	$	468	$	(100)	$	368	$	(2)	$	366	$	4	$	1,233
Nine months ended September 30, 2019
Net unrealized gains on securities:
Unrealized holding gains on securities arising during the period			$	1,073	$	(226)	$	847	$	—	$	847
Reclassification adjustment for realized (gains) losses included in net earnings (*)			(13)		3		(10)		—		(10)
Total net unrealized gains (losses) on securities	$	83	1,060		(223)		837		—		837		$	—	$	920
Net unrealized gains (losses) on cash flow hedges	(11)		46		(10)		36		—		36		—		25
Foreign currency translation adjustments	(16)		(3)		—		(3)		(2)		(5)		—		(21)
Pension and other postretirement plans adjustments	(8)		1		—		1		—		1		—		(7)
Total	$	48	$	1,104	$	(233)	$	871	$	(2)	$	869	$	—	$	917

(*)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