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Shareholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2020
Stockholders' Equity Note [Abstract]  
Summary of restricted stock awards activity
The restricted Common Stock that AFG has granted generally vests over a four-year period. Data relating to grants of restricted stock is presented below:
SharesAverage
Grant Date
Fair Value
Outstanding at January 1, 2020919,935 $91.10 
Granted227,867 $104.15 
Vested(285,888)$67.65 
Forfeited(43,681)$101.97 
Outstanding at December 31, 2020818,233 $101.65 
Summary of stock options activity
Data for stock options issued under AFG’s stock incentive plans is presented below:
SharesAverage
Exercise
Price		Average
Remaining
Contractual
Term		Aggregate
Intrinsic
Value
(in millions)
Outstanding at January 1, 20201,917,790 $50.93 
Exercised(328,471)$43.69 
Forfeited/Cancelled(225)$63.15 
Outstanding at December 31, 20201,589,094 $52.43 2.8 years$56 
Options exercisable at December 31, 20201,589,094 $52.43 2.8 years$56 
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		PretaxTaxNet
of
tax		Attributable to
noncontrolling
interests 		Attributable to
shareholders 		Other (b)AOCI
Ending
Balance
Year ended December 31, 2020
Net unrealized gains (losses) on securities:
Unrealized holding gains on securities arising during the period$887 $(187)$700 $— $700 
Reclassification adjustment for realized (gains) losses included in net earnings (a)(389)82 (307)— (307)
Total net unrealized gains (losses) on securities$862 498 (105)393 — 393 $— $1,255 
Net unrealized gains (losses) on cash flow hedges17 30 (6)24 — 24 — 41 
Foreign currency translation adjustments(9)(1)— (1)(2)(3)(4)(16)
Pension and other postretirement plans adjustments(7)— — — — — — (7)
Total$863 $527 $(111)$416 $(2)$414 $(4)$1,273 
Year ended December 31, 2019
Net unrealized gains on securities:
Unrealized holding gains on securities arising during the period$997 $(209)$788 $— $788 
Reclassification adjustment for realized (gains) losses included in net earnings (a)(11)2 (9)— (9)
Total net unrealized gains on securities$83 986 (207)779 — 779 $— $862 
Net unrealized gains (losses) on cash flow hedges(11)36 (8)28 — 28 — 17 
Foreign currency translation adjustments(16)7 — 7 — 7 — (9)
Pension and other postretirement plans adjustments(8)1 — 1 — 1 — (7)
Total$48 $1,030 $(215)$815 $— $815 $— $863 
Year ended December 31, 2018
Net unrealized gains (losses) on securities:
Unrealized holding losses on securities arising during the period$(689)$145 $(544)$— $(544)
Reclassification adjustment for realized (gains) losses included in net earnings (a)10 (2)8 — 8 
Total net unrealized gains (losses) on securities$840 (679)143 (536)— (536)$(221)$83 
Net unrealized gains (losses) on cash flow hedges(13)2 — 2 — 2 — (11)
Foreign currency translation adjustments(6)(9)(1)(10)— (10)— (16)
Pension and other postretirement plans adjustments(8)— — — — — — (8)
Total$813 $(686)$142 $(544)$— $(544)$(221)$48 
(a)The reclassification adjustment out of net unrealized gains (losses) on securities affected the following lines in AFG’s Statement of Earnings:
OCI componentAffected line in the statement of earnings
PretaxRealized gains (losses) on securities
TaxProvision (credit) for income taxes
(b)On January 1, 2018, AFG adopted new guidance that requires all equity securities other than those accounted for under the equity method to be reported at fair value with holding gains and losses recognized in net earnings. At the date of adoption, the $221 million net unrealized gain on equity securities classified as available for sale (with unrealized holding gains and losses reported in AOCI) under the prior guidance was reclassified from AOCI to retained earnings as the cumulative effect of an accounting change.