Goodwill and Other Intangibles

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangibles

Goodwill and Other Intangibles

There were no changes in the goodwill balance of $246 million during the first nine months of 2022.

Included in other assets in AFG’s Balance Sheet is $111 million at September 30, 2022 and $106 million at December 31, 2021 in amortizable intangible assets related to property and casualty insurance acquisitions. These amounts are net of accumulated amortization of $20 million and $67 million, respectively. Amortization of intangibles was $2 million and $1 million in the third quarter of 2022 and 2021, respectively, and $7 million and $5 million in the first nine months of 2022 and 2021, respectively.