Segments of Operations (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Segment reporting information, by segment

The following tables (in millions) show AFG’s revenues and earnings before income taxes by segment and sub-segment.

	Three months ended March 31,
	2024		2023
Revenues
Property and casualty insurance:
Premiums earned:
Specialty
Property and transportation	$	513	$	475
Specialty casualty	730		704
Specialty financial	243		196
Other specialty	60		62
Total premiums earned	1,546		1,437
Net investment income	205		207
Other income	2		5
Total property and casualty insurance	1,753		1,649
Other	139		137
Total revenues before realized gains (losses)	1,892		1,786
Realized gains (losses) on securities	14		(46)
Total revenues	$	1,906	$	1,740
Earnings Before Income Taxes
Property and casualty insurance:
Underwriting:
Specialty
Property and transportation	$	56	$	43
Specialty casualty	74		88
Specialty financial	33		26
Other specialty	(9)		(2)
Other lines	(1)		(1)
Total underwriting	153		154
Investment and other income, net	187		196
Total property and casualty insurance	340		350
Other (*)	(50)		(40)
Total earnings before realized gains (losses) and income taxes	290		310
Realized gains (losses) on securities	14		(46)
Total earnings before income taxes	$	304	$	264

(*)Includes holding company interest and expenses, which includes a gain of $2 million on retirement of debt in the first three months of 2023.