Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2022

Stockholders' Equity Note [Abstract]

Components of accumulated other comprehensive income (loss)

The progression of the components of accumulated other comprehensive income (loss) follows (in millions):

			Other Comprehensive Income (Loss)
	AOCI Beginning Balance		Pretax		Tax		Net of tax		AOCI Ending Balance
Three months ended March 31, 2022
Net unrealized gains (losses) on securities:
Unrealized holding losses on securities arising during the period			$	(313)	$	66	$	(247)
Reclassification adjustment for realized losses included in net earnings (*)			2		—		2
Total net unrealized gains (losses) on securities	$	136	(311)		66		(245)		$	(109)
Net unrealized gains (losses) on cash flow hedges	—		(5)		1		(4)		(4)
Foreign currency translation adjustments	(18)		(2)		1		(1)		(19)
Pension and other postretirement plan adjustments	1		—		—		—		1
Total	$	119	$	(318)	$	68	$	(250)	$	(131)
Three months ended March 31, 2021
Net unrealized gains (losses) on securities:
Unrealized holding losses on securities arising during the period			$	(355)	$	74	$	(281)
Reclassification adjustment for realized (gains) losses included in net earnings (*)			(14)		3		(11)
Total net unrealized gains (losses) on securities	$	1,255	(369)		77		(292)		$	963
Net unrealized gains (losses) on cash flow hedges	41		(17)		3		(14)		27
Foreign currency translation adjustments	(16)		—		—		—		(16)
Pension and other postretirement plans adjustments	(7)		—		—		—		(7)
Total	$	1,273	$	(386)	$	80	$	(306)	$	967

(*)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