v3.26.1
Shareholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2026
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, 2026
Net unrealized gains (losses) on securities:
Unrealized holding gains (losses) on securities arising during the period$(21)$5 $(16)
Reclassification adjustment for realized (gains) losses included in net earnings (*)5 (1)4 
Total net unrealized gains (losses) on securities$(100)(16)4 (12)$(112)
Net unrealized gains (losses) on cash flow hedges:
Unrealized holding gains (losses) on cash flow hedges arising during the period(4)1 (3)
Reclassification adjustment for investment income included in net earnings (*)1 (1)— 
Total net unrealized gains (losses) on cash flow hedges(1)(3)— (3)(4)
Foreign currency translation adjustments(28)— — — (28)
Pension and other postretirement plan adjustments2 — — — 2 
Total$(127)$(19)$4 $(15)$(142)
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 $(132)
Other Comprehensive Income (Loss)
AOCI Beginning BalancePretaxTaxNet of taxAOCI Ending Balance
Six months ended June 30, 2026
Net unrealized gains (losses) on securities:
Unrealized holding gains (losses) on securities arising during the period$(124)$26 $(98)
Reclassification adjustment for realized (gains) losses included in net earnings (*)10 (2)8 
Total net unrealized gains (losses) on securities$(22)(114)24 (90)$(112)
Net unrealized gains (losses) on cash flow hedges:
Unrealized holding gains (losses) on cash flow hedges arising during the period(4)1 (3)
Reclassification adjustment for investment income included in net earnings (*)2 (1)1 
Total net unrealized gains (losses) on cash flow hedges(2)(2)— (2)(4)
Foreign currency translation adjustments
(28)— — — (28)
Pension and other postretirement plan adjustments2 — — — 2 
Total$(50)$(116)$24 $(92)$(142)
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)
(*)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