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Shareholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2017
Stockholders' Equity Note [Abstract]  
Components of accumulated other comprehensive income (loss)
The progression of the components of accumulated other comprehensive income follows (in millions): 
 
 
 
Other Comprehensive Income
 
 
 
AOCI
Beginning
Balance
 
Pretax
 
Tax
 
Net
of
tax
 
Attributable to
noncontrolling
interests
 
Attributable to
shareholders
 
AOCI
Ending
Balance
Quarter ended September 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized gains on securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized holding gains on securities arising during the period
 
 
$
92

 
$
(33
)
 
$
59

 
$
—

 
$
59

 


Reclassification adjustment for realized (gains) losses included in net earnings (a)
 
 
12

 
(4
)
 
8

 
—

 
8

 


Total net unrealized gains on securities (b)
$
639

 
104

 
(37
)
 
67

 
—

 
67

 
$
706

Net unrealized losses on cash flow hedges
(6
)
 
(1
)
 
1

 
—

 
—

 
—

 
(6
)
Foreign currency translation adjustments
(11
)
 
5

 
2

 
7

 
—

 
7

 
(4
)
Pension and other postretirement plans adjustments
(7
)
 
—

 
—

 
—

 
—

 
—

 
(7
)
Total
$
615

 
$
108

 
$
(34
)
 
$
74

 
$
—

 
$
74

 
$
689

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarter ended September 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized gains on securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized holding gains on securities arising during the period
 
 
$
138

 
$
(49
)
 
$
89

 
$
(1
)
 
$
88

 
 
Reclassification adjustment for realized (gains) losses included in net earnings (a)
 
 
(2
)
 
1

 
(1
)
 
—

 
(1
)
 
 
Total net unrealized gains on securities
$
685

 
136

 
(48
)
 
88

 
(1
)
 
87

 
$
772

Net unrealized gains (losses) on cash flow hedges
5

 
(1
)
 
1

 
—

 
—

 
—

 
5

Foreign currency translation adjustments
(15
)
 
(2
)
 
(1
)
 
(3
)
 
—

 
(3
)
 
(18
)
Pension and other postretirement plans adjustments
(6
)
 
—

 
—

 
—

 
—

 
—

 
(6
)
Total
$
669

 
$
133

 
$
(48
)
 
$
85

 
$
(1
)
 
$
84

 
$
753

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended September 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized gains on securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized holding gains on securities arising during the period
 
 
$
461

 
$
(162
)
 
$
299

 
$
—

 
$
299

 


Reclassification adjustment for realized (gains) losses included in net earnings (a)
 
 
4

 
(1
)
 
3

 
—

 
3

 


Total net unrealized gains on securities (b)
$
404

 
465

 
(163
)
 
302

 
—

 
302

 
$
706

Net unrealized gains (losses) on cash flow hedges
(7
)
 
1

 
—

 
1

 
—

 
1

 
(6
)
Foreign currency translation adjustments
(15
)
 
8

 
3

 
11

 
—

 
11

 
(4
)
Pension and other postretirement plans adjustments
(7
)
 
—

 
—

 
—

 
—

 
—

 
(7
)
Total
$
375

 
$
474

 
$
(160
)
 
$
314

 
$
—

 
$
314

 
$
689

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended September 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized gains on securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized holding gains on securities arising during the period
 
 
$
656

 
$
(229
)
 
$
427

 
$
(6
)
 
$
421

 
 
Reclassification adjustment for realized (gains) losses included in net earnings (a)
 
 
32

 
(12
)
 
20

 
(1
)
 
19

 
 
Total net unrealized gains on securities
$
332

 
688

 
(241
)
 
447

 
(7
)
 
440

 
$
772

Net unrealized gains on cash flow hedges
1

 
6

 
(2
)
 
4

 
—

 
4

 
5

Foreign currency translation adjustments
(22
)
 
2

 
2

 
4

 
—

 
4

 
(18
)
Pension and other postretirement plans adjustments
(7
)
 
1

 
—

 
1

 
—

 
1

 
(6
)
Total
$
304

 
$
697

 
$
(241
)
 
$
456

 
$
(7
)
 
$
449

 
$
753


(a)
The reclassification adjustment out of net unrealized gains on securities affected the following lines in AFG’s Statement of Earnings:
 
OCI component
 
Affected line in the statement of earnings
 
 
Pretax
 
Realized gains (losses) on securities
 
 
Tax
 
Provision for income taxes
 
 
Attributable to noncontrolling interests
 
Net earnings (loss) attributable to noncontrolling interests
 

(b)
Includes net unrealized gains of $58 million at September 30, 2017 compared to $56 million at June 30, 2017 and $52 million at December 31, 2016 related to securities for which only the credit portion of an other-than-temporary impairment has been recorded in earnings.