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Goodwill and Other Intangibles
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangibles Goodwill and Other Intangibles
Changes in the carrying value of goodwill during 2020, 2021 and 2022 are presented in the following table (in millions):
Balance at January 1, 2020 and December 31, 2020$176 
Purchase of Verikai in 202170 
Balance at December 31, 2021 and 2022$246 

Included in other assets in AFG’s Balance Sheet is $108 million at December 31, 2022 and $106 million at December 31, 2021 of amortizable intangible assets related to acquisitions. These amounts are net of accumulated amortization of $24 million and $67 million, respectively. Amortization of intangibles was $11 million in 2022, $6 million in 2021 and
$12 million in 2020. Future amortization of intangibles (weighted average amortization period of 5 years is estimated to be $11 million per year in 2023, 2024, 2025 and 2026, $12 million in 2027 and $52 million thereafter.