Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Schedule of long-term debt instruments

Long-term debt consisted of the following (in millions):

	March 31, 2022						December 31, 2021
	Principal		Discount and Issue Costs		Carrying Value		Principal		Discount and Issue Costs		Carrying Value
Direct Senior Obligations of AFG:
4.50% Senior Notes due June 2047	$	590	$	(2)	$	588	$	590	$	(2)	$	588
3.50% Senior Notes due August 2026 (*)	377		(2)		375		425		(3)		422
5.25% Senior Notes due April 2030	300		(5)		295		300		(5)		295
Other	3		—		3		3		—		3
	1,270		(9)		1,261		1,318		(10)		1,308
Direct Subordinated Obligations of AFG:
4.50% Subordinated Debentures due September 2060	200		(5)		195		200		(5)		195
5.125% Subordinated Debentures due December 2059	200		(6)		194		200		(6)		194
5.625% Subordinated Debentures due June 2060	150		(4)		146		150		(4)		146
5.875% Subordinated Debentures due March 2059	125		(4)		121		125		(4)		121
	675		(19)		656		675		(19)		656
	$	1,945	$	(28)	$	1,917	$	1,993	$	(29)	$	1,964

(*)See Note N — “Subsequent Events” to the financial statements.