Segments of Operations (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Segment reporting information, by segment

The following tables (in millions) show AFG’s revenues and earnings before income taxes by segment and sub-segment.

	Three months ended March 31,
	2023		2022
Revenues
Property and casualty insurance:
Premiums earned:
Specialty
Property and transportation	$	475	$	443
Specialty casualty	704		639
Specialty financial	196		163
Other specialty	62		57
Total premiums earned	1,437		1,302
Net investment income	207		223
Other income	5		4
Total property and casualty insurance	1,649		1,529
Other	137		74
Total revenues before realized gains (losses)	1,786		1,603
Realized gains (losses) on securities	(46)		(15)
Total revenues	$	1,740	$	1,588

Earnings Before Income Taxes
Property and casualty insurance:
Underwriting:
Specialty
Property and transportation	$	43	$	62
Specialty casualty	88		124
Specialty financial	26		29
Other specialty	(2)		(7)
Other lines	(1)		(1)
Total underwriting	154		207
Investment and other income, net	196		215
Total property and casualty insurance	350		422
Other (*)	(40)		(46)
Total earnings before realized gains (losses) and income taxes	310		376
Realized gains (losses) on securities	(46)		(15)
Total earnings before income taxes	$	264	$	361

(*)Includes holding company interest and expenses, including a gain of $2 million and a loss of $2 million on retirement of debt in the first three months of 2023 and 2022, respectively.