Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables summarize the components of the Company’s total revenues and expenses, pretax income (loss) and total assets by reportable business segment. Information provided below for “Corporate and Other” primarily relates to the operations of AFG, which will include investment income on its investment portfolio and costs to maintain the operations of AFG, including public company reporting, capital management and business development costs for the acquisition and development of new business initiatives.

	Three Months Ended March 31, 2024										Three Months Ended March 31, 2023
	Legacy Financial Guarantee Insurance		Specialty Property & Casualty Insurance		Insurance Distribution		Corporate & Other		Consoli-dated (2)		Legacy Financial Guarantee Insurance		Specialty Property & Casualty Insurance		Insurance Distribution		Corporate & Other		Consoli-dated (2)
Revenues:
Net premiums earned	$	7	$	26					$	33	$	7	$	7					$	14
Commission income					$	18			18						$	14			14
Program fees			3						3				1						1
Net investment income	38		1		—		$	2	42		31		1		—		$	2	34
Net investment gains (losses), including impairments	1		—				—		1		(4)		—				—		(4)
Net gains (losses) on derivative contracts	2						—		2		(3)						—		(4)
Other (1)	5		—		—		—		5		2		—		—		—		2
Total revenues (2)	53		30		18		2		103		32		9		15		2		58
Expenses:
Losses and loss adjustment expenses (benefit)	(21)		19						(1)		13		5						18
Amortization of deferred acquisition costs, net	—		4						4		—		1						1
Commission expenses					10				10						8				8
General and administrative expenses (3)	21		4		3		7		35		28		4		2		2		36
Depreciation expense (3)	—		—		—		—		1		—		—		—		—		—
Intangible amortization	11				1				12		6				1				7
Interest expense	16								16		16								16
Total expenses (2)	28		28		14		7		77		64		10		11		2		86
Pretax income (loss)	$	25	$	2	$	4	$	(5)	$	26	$	(32)	$	(1)	$	4	$	—	$	(29)
Total assets (2)	$	7,454	$	608	$	156	$	211	$	8,429	$	7,503	$	349	$	140	$	227	$	8,219

(1)Other revenues include the following line item on the Consolidated Statements of Total Comprehensive Income: Income (loss) on variable interest entities and other income.

(2)Inter-segment revenues and inter-segment pre-tax income (loss) amounts are insignificant and are not presented separately.

(3)The Consolidated Statements of Comprehensive Income presents the sum of these items as General & Administrative Expenses.