Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2020

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 (Loss)
	AOCI Beginning Balance		Pretax		Tax		Net of tax		Attributable to noncontrolling interests		Attributable to shareholders		AOCI Ending Balance
Quarter ended June 30, 2020
Net unrealized gains on securities:
Unrealized holding gains on securities arising during the period			$	1,293	$	(272)	$	1,021	$	—	$	1,021
Reclassification adjustment for realized (gains) losses included in net earnings (*)			(9)		2		(7)		—		(7)
Total net unrealized gains (losses) on securities	$	16	1,284		(270)		1,014		—		1,014		$	1,030
Net unrealized gains on cash flow hedges	44		4		(1)		3		—		3		47
Foreign currency translation adjustments	(21)		4		—		4		—		4		(17)
Pension and other postretirement plans adjustments	(7)		—		—		—		—		—		(7)
Total	$	32	$	1,292	$	(271)	$	1,021	$	—	$	1,021	$	1,053
Quarter ended June 30, 2019
Net unrealized gains on securities:
Unrealized holding gains on securities arising during the period			$	450	$	(94)	$	356	$	—	$	356
Reclassification adjustment for realized (gains) losses included in net earnings (*)			(10)		2		(8)		—		(8)
Total net unrealized gains on securities	$	464	440		(92)		348		—		348		$	812
Net unrealized gains on cash flow hedges	—		23		(5)		18		—		18		18
Foreign currency translation adjustments	(12)		(1)		1		—		(1)		(1)		(13)
Pension and other postretirement plans adjustments	(8)		—		—		—		—		—		(8)
Total	$	444	$	462	$	(96)	$	366	$	(1)	$	365	$	809
Six months ended June 30, 2020
Net unrealized gains (losses) on securities:
Unrealized holding gains on securities arising during the period			$	198	$	(42)	$	156	$	—	$	156
Reclassification adjustment for realized (gains) losses included in net earnings (*)			15		(3)		12		—		12
Total net unrealized gains (losses) on securities	$	862	213		(45)		168		—		168		$	1,030
Net unrealized gains on cash flow hedges	17		38		(8)		30		—		30		47
Foreign currency translation adjustments	(9)		(6)		—		(6)		(2)		(8)		(17)
Pension and other postretirement plans adjustments	(7)		—		—		—		—		—		(7)
Total	$	863	$	245	$	(53)	$	192	$	(2)	$	190	$	1,053
Six months ended June 30, 2019
Net unrealized gains on securities:
Unrealized holding gains on securities arising during the period			$	937	$	(197)	$	740	$	—	$	740
Reclassification adjustment for realized (gains) losses included in net earnings (*)			(14)		3		(11)		—		(11)
Total net unrealized gains on securities	$	83	923		(194)		729		—		729		$	812
Net unrealized gains (losses) on cash flow hedges	(11)		37		(8)		29		—		29		18
Foreign currency translation adjustments	(16)		3		1		4		(1)		3		(13)
Pension and other postretirement plans adjustments	(8)		—		—		—		—		—		(8)
Total	$	48	$	963	$	(201)	$	762	$	(1)	$	761	$	809

(*)The reclassification adjustment out of net unrealized gains (losses) 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 (credit) for income taxes