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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, 2019
Dec. 31, 2018
Dec. 31, 2017
Segment Reporting Information [Line Items]      
Earnings before realized gains (losses) and income taxes $ 821 $ 905 $ 719
Realized gains (losses) on securities 287 (266) 5
Earnings before income taxes 1,108 639 724
Property and casualty insurance      
Segment Reporting Information [Line Items]      
Property and casualty insurance underwriting 212 302 242
Investment and other income, net 437 407 349
Earnings before realized gains (losses) and income taxes 649 709 591
Annuity      
Segment Reporting Information [Line Items]      
Earnings before realized gains (losses) and income taxes 362 361 380
Other      
Segment Reporting Information [Line Items]      
Earnings before realized gains (losses) and income taxes [1] (190) (165) (252)
Property and transportation | Property and casualty insurance      
Segment Reporting Information [Line Items]      
Property and casualty insurance underwriting 79 120 154
Specialty casualty | Property and casualty insurance      
Segment Reporting Information [Line Items]      
Property and casualty insurance underwriting 175 141 104
Specialty financial | Property and casualty insurance      
Segment Reporting Information [Line Items]      
Property and casualty insurance underwriting 92 66 61
Other specialty | Property and casualty insurance      
Segment Reporting Information [Line Items]      
Property and casualty insurance underwriting (21) (5) (2)
Other lines | Property and casualty insurance      
Segment Reporting Information [Line Items]      
Property and casualty insurance underwriting [2] $ (113) $ (20) $ (75)
[1] Primarily holding company interest and expenses, including losses on retirement of debt of $5 million in 2019 and $51 million in 2017 and special charges to increase A&E reserves related to AFG’s former railroad and manufacturing operations ($11 million in 2019, $9 million in 2018 and $24 million in 2017).
[2]
Includes special charges to increase asbestos and environmental (“A&E”) reserves of $18 million in both 2019 and 2018 and $89 million in 2017, respectively. Also includes a $76 million charge in 2019 and $18 million in favorable development recorded in 2017 related to the Neon exited lines.