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Segments of Operations - Earnings before income taxes by segment and sub-segment (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Segment Reporting Information [Line Items]        
Earnings before realized gains (losses) and income taxes $ 41 $ 176 $ 458 $ 500
Realized gains (losses) on securities (12) 2 (1) (32)
Realized gains on subsidiaries 0 0 0 2
Earnings before income taxes 29 178 457 470
Property and Casualty Insurance        
Segment Reporting Information [Line Items]        
Property and casualty insurance underwriting (81) 42 69 126
Investment and other income, net [1] 87 79 271 269
Earnings before realized gains (losses) and income taxes 6 121 340 395
Annuity        
Segment Reporting Information [Line Items]        
Earnings before realized gains (losses) and income taxes 102 107 283 236
Run-off Long-term Care and Life        
Segment Reporting Information [Line Items]        
Earnings before realized gains (losses) and income taxes 2 1 4 0
Other        
Segment Reporting Information [Line Items]        
Earnings before realized gains (losses) and income taxes [2] (69) (53) (169) (131)
Specialty Property and transportation | Property and Casualty Insurance        
Segment Reporting Information [Line Items]        
Property and casualty insurance underwriting 6 44 70 91
Specialty casualty | Property and Casualty Insurance        
Segment Reporting Information [Line Items]        
Property and casualty insurance underwriting 2 13 46 65
Specialty financial | Property and Casualty Insurance        
Segment Reporting Information [Line Items]        
Property and casualty insurance underwriting (3) 19 42 64
Other specialty | Property and Casualty Insurance        
Segment Reporting Information [Line Items]        
Property and casualty insurance underwriting 4 2 3 7
Other lines | Property and Casualty Insurance        
Segment Reporting Information [Line Items]        
Property and casualty insurance underwriting [3] $ (90) $ (36) $ (92) $ (101)
[1] Includes pretax income of $13 million (before noncontrolling interest) from the sale of a hotel in the first quarter of 2017 and pretax income of $32 million (before noncontrolling interest) from the sale of an apartment property in the second quarter of 2016.
[2] Includes holding company interest and expenses, including losses on retirement of debt of $4 million in the third quarter of 2017 and $7 million in the second quarter of 2017, and special charges of $24 million and $5 million in the third quarter of 2017 and 2016, respectively, to increase A&E reserves related to AFG’s former railroad and manufacturing operations.
[3] Includes special charges of $89 million and $36 million in the third quarter of 2017 and 2016, respectively, to increase asbestos and environmental (“A&E”) reserves and a $65 million special charge related to the exit of certain lines of business with AFG’s Lloyd’s-based insurer, Neon, in the second quarter of 2016.