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Segments of Operations - Earnings before income taxes by segment and sub-segment (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Segment Reporting Information [Line Items]      
Earnings before realized gains (losses) and income taxes $ 766 $ 745 $ 574
Realized gains (losses) on securities 19 (19) 52
Realized gains (losses) on subsidiaries 2 (161) 0
Earnings before income taxes 787 565 626
Property and casualty insurance      
Segment Reporting Information [Line Items]      
Property and casualty insurance underwriting 236 225 212
Investment and other income, net [1] 341 351 244
Earnings before realized gains (losses) and income taxes 577 576 456
Annuity      
Segment Reporting Information [Line Items]      
Earnings before realized gains (losses) and income taxes 368 331 328
Run-off long-term care and life      
Segment Reporting Information [Line Items]      
Earnings before realized gains (losses) and income taxes [2] 2 14 (10)
Other      
Segment Reporting Information [Line Items]      
Earnings before realized gains (losses) and income taxes [3] (181) (176) (200)
Property and transportation      
Segment Reporting Information [Line Items]      
Property and casualty insurance underwriting 166 48 21
Specialty casualty      
Segment Reporting Information [Line Items]      
Property and casualty insurance underwriting 78 146 136
Specialty financial      
Segment Reporting Information [Line Items]      
Property and casualty insurance underwriting 84 87 64
Other specialty      
Segment Reporting Information [Line Items]      
Property and casualty insurance underwriting 9 14 16
Other lines      
Segment Reporting Information [Line Items]      
Property and casualty insurance underwriting [4] $ (101) $ (70) $ (25)
[1] Includes pretax income of $32 million (before noncontrolling interest) from the sale of an apartment property in the second quarter of 2016, $51 million (before noncontrolling interest) from the sale of a hotel in the second quarter of 2015 and $15 million from the sale of an apartment property in the fourth quarter of 2015.
[2] AFG sold substantially all of its run-off long-term care insurance business in December 2015.
[3] Primarily holding company interest and expenses, including a $4 million loss on retirement of debt in the third quarter of 2015, and special charges to increase A&E reserves related to AFG’s former railroad and manufacturing operations ($5 million in 2016, $12 million in 2015 and $6 million in 2014) and losses of managed investment entities attributable to noncontrolling interests ($51 million in 2014). Following the adoption of new guidance in the first quarter of 2015, there are no longer earnings (losses) of managed investment entities that are attributable to noncontrolling interests. See Note A — “Accounting Policies — Managed Investment Entities.”
[4] Includes a special charge of $65 million related to the exit of certain lines of business within AFG’s Lloyd’s-based insurer, Neon, in the second quarter of 2016 and special charges to increase asbestos and environmental (“A&E”) reserves of $36 million, $67 million and $24 million in 2016, 2015 and 2014, respectively.