v3.26.3
Shareholders' Equity (Tables)
 9 Months Ended
Sep. 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 September 30, 2026
Net unrealized gains (losses) on securities:
Unrealized holding gains (losses) on securities arising during the period$(342)$72 $(270)
Reclassification adjustment for realized (gains) losses included in net earnings (*)5 (1)4 
Total net unrealized gains (losses) on securities$(112)(337)71 (266)$(378)
Net unrealized gains (losses) on cash flow hedges:
Unrealized holding gains (losses) on cash flow hedges arising during the period(23)5 (18)
Reclassification adjustment for investment income included in net earnings (*)— — — 
Total net unrealized gains (losses) on cash flow hedges(4)(23)5 (18)(22)
Foreign currency translation adjustments(28)(2)— (2)(30)
Pension and other postretirement plan adjustments2 — — — 2 
Total$(142)$(362)$76 $(286)$(428)
Quarter ended September 30, 2025
Net unrealized gains (losses) on securities:
Unrealized holding gains (losses) on securities arising during the period$72 $(15)$57 
Reclassification adjustment for realized (gains) losses included in net earnings (*)2 (1)1 
Total net unrealized gains (losses) on securities$(101)74 (16)58 $(43)
Net unrealized gains (losses) on cash flow hedges:
Unrealized holding gains (losses) on cash flow hedges arising during the period(1)1 — 
Reclassification adjustment for investment income included in net earnings (*)3 (1)2 
Total net unrealized gains (losses) on cash flow hedges(5)2 — 2 (3)
Foreign currency translation adjustments(28)— (1)(1)(29)
Pension and other postretirement plan adjustments2 — — — 2 
Total$(132)$76 $(17)$59 $(73)
Other Comprehensive Income (Loss)
AOCI Beginning BalancePretaxTaxNet of taxAOCI Ending Balance
Nine months ended September 30, 2026
Net unrealized gains (losses) on securities:
Unrealized holding gains (losses) on securities arising during the period$(466)$98 $(368)
Reclassification adjustment for realized (gains) losses included in net earnings (*)15 (3)12 
Total net unrealized gains (losses) on securities$(22)(451)95 (356)$(378)
Net unrealized gains (losses) on cash flow hedges:
Unrealized holding gains (losses) on cash flow hedges arising during the period(27)6 (21)
Reclassification adjustment for investment income included in net earnings (*)2 (1)1 
Total net unrealized gains (losses) on cash flow hedges(2)(25)5 (20)(22)
Foreign currency translation adjustments
(28)(2)— (2)(30)
Pension and other postretirement plan adjustments2 — — — 2 
Total$(50)$(478)$100 $(378)$(428)
Nine months ended September 30, 2025
Net unrealized gains (losses) on securities:
Unrealized holding gains (losses) on securities arising during the period$184 $(38)$146 
Reclassification adjustment for realized (gains) losses included in net earnings (*)17 (4)13 
Total net unrealized gains (losses) on securities$(202)201 (42)159 $(43)
Net unrealized gains (losses) on cash flow hedges:
Unrealized holding gains (losses) on cash flow hedges arising during the period1 — 1 
Reclassification adjustment for investment income included in net earnings (*)8 (2)6 
Total net unrealized gains (losses) on cash flow hedges(10)9 (2)7 (3)
Foreign currency translation adjustments(30)1 — 1 (29)
Pension and other postretirement plan adjustments2 — — — 2 
Total$(240)$211 $(44)$167 $(73)
(*)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