Segments of Operations (Tables)

3 Months Ended

Mar. 31, 2014

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,
	2014		2013
Revenues
Property and casualty insurance:
Premiums earned:
Specialty
Property and transportation	$	301	$	293
Specialty casualty	313		259
Specialty financial	117		116
Other specialty	23		19
Total premiums earned	754		687
Net investment income	67		66
Other income	2		3
Total property and casualty insurance	823		756
Annuity:
Net investment income	275		248
Other income	18		14
Total annuity	293		262
Run-off long-term care and life	51		50
Other	25		23
Total revenues before realized gains	1,192		1,091
Realized gains on securities	19		57
Total revenues	$	1,211	$	1,148

	Three months ended March 31,
	2014			2013
Earnings Before Income Taxes
Property and casualty insurance:
Underwriting:
Specialty
Property and transportation	$	6		$	10
Specialty casualty	38			19
Specialty financial	10			13
Other specialty	5			6
Other lines	(1		)	(5		)
Total underwriting	58			43
Investment and other income, net	54			56
Total property and casualty insurance	112			99
Annuity	73			76
Run-off long-term care and life	(2		)	(1		)
Other (a)	(41		)	(56		)
Total earnings before realized gains and income taxes	142			118
Realized gains on securities	19			57
Total earnings before income taxes	$	161		$	175

(a) Includes holding company expenses and earnings (losses) of managed investment entities attributable to noncontrolling interests (earnings of less than $1 million for the first three months of 2014 and losses of $11 million for the first three months of 2013).