v3.25.2
Shareholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2025
Stockholders' Equity Note [Abstract]  
Components of accumulated other comprehensive income (loss)
The progression of the components of accumulated other comprehensive income (loss) is as follows (in millions):
Other Comprehensive Income (Loss)
AOCI Beginning BalancePretaxTaxNet of taxAOCI Ending Balance
Quarter ended June 30, 2025
Net unrealized gains (losses) on securities:
Unrealized holding gains (losses) on securities arising during the period$43 $(9)$34 
Reclassification adjustment for realized (gains) losses included in net earnings (*)8 (2)6 
Total net unrealized gains (losses) on securities$(141)51 (11)40 $(101)
Net unrealized gains (losses) on cash flow hedges:
Unrealized holding gains (losses) on cash flow hedges arising during the period1 (1)— 
Reclassification adjustment for investment income included in net earnings (*)2 — 2 
Total net unrealized gains (losses) on cash flow hedges(7)3 (1)2 (5)
Foreign currency translation adjustments(33)4 1 5 (28)
Pension and other postretirement plan adjustments2 — — — 2 
Total$(179)$58 $(11)$47 $(132)
Quarter ended June 30, 2024
Net unrealized gains (losses) on securities:
Unrealized holding gains (losses) on securities arising during the period$(16)$3 $(13)
Reclassification adjustment for realized (gains) losses included in net earnings (*)1 — 1 
Total net unrealized gains (losses) on securities$(278)(15)3 (12)$(290)
Net unrealized gains (losses) on cash flow hedges:
Unrealized holding gains (losses) on cash flow hedges arising during the period(5)1 (4)
Reclassification adjustment for investment income included in net earnings (*)7 (1)6 
Total net unrealized gains (losses) on cash flow hedges(22)2 — 2 (20)
Foreign currency translation adjustments(17)(5)(1)(6)(23)
Pension and other postretirement plan adjustments2 — — — 2 
Total$(315)$(18)$2 $(16)$(331)
Other Comprehensive Income (Loss)
AOCI Beginning BalancePretaxTaxNet of taxAOCI Ending Balance
Six months ended June 30, 2025
Net unrealized gains (losses) on securities:
Unrealized holding gains (losses) on securities arising during the period$112 $(23)$89 
Reclassification adjustment for realized (gains) losses included in net earnings (*)15 (3)12 
Total net unrealized gains (losses) on securities$(202)127 (26)101 $(101)
Net unrealized gains (losses) on cash flow hedges:
Unrealized holding gains (losses) on cash flow hedges arising during the period2 (1)1 
Reclassification adjustment for investment income included in net earnings (*)5 (1)4 
Total net unrealized gains (losses) on cash flow hedges(10)7 (2)5 (5)
Foreign currency translation adjustments
(30)1 1 2 (28)
Pension and other postretirement plan adjustments2 — — — 2 
Total$(240)$135 $(27)$108 $(132)
Six months ended June 30, 2024
Net unrealized gains (losses) on securities:
Unrealized holding gains (losses) on securities arising during the period$(10)$2 $(8)
Reclassification adjustment for realized (gains) losses included in net earnings (*)6 (1)5 
Total net unrealized gains (losses) on securities$(287)(4)1 (3)$(290)
Net unrealized gains (losses) on cash flow hedges:
Unrealized holding gains (losses) on cash flow hedges arising during the period(18)4 (14)
Reclassification adjustment for investment income included in net earnings (*)14 (3)11 
Total net unrealized gains (losses) on cash flow hedges(17)(4)1 (3)(20)
Foreign currency translation adjustments(17)(5)(1)(6)(23)
Pension and other postretirement plan adjustments2 — — — 2 
Total$(319)$(13)$1 $(12)$(331)
(*)The reclassification adjustments affected the following lines in AFG’s Statement of Earnings:
OCI componentAffected line in the statement of earnings
Pretax - Net unrealized gains (losses) on securities
Realized gains (losses) on securities
Pretax - Net unrealized gains (losses) on cash flow hedgesNet investment income
TaxProvision for income taxes