American National Group Inc. SEC 10-Q Report

American National Group Inc., a diversified insurance and financial services company, has released its latest Form 10-Q report, showcasing a significant turnaround in financial performance. The report highlights the company's recovery from previous losses and its continued focus on optimizing operations across its various business segments. Financial Highlights Total Revenues: $2,058 million, reflecting a slight increase from the previous year, driven by higher net investment income.Net Income (Loss): $218 million, a significant improvement from a loss of $332 million in the prior year, indicating a recovery in profitability.Net Income (Loss) Attributable to American National Group Inc. Stockholders: $219 million, compared to a loss of $288 million in the previous year, highlighting a turnaround in financial performance.Net Income (Loss) Attributable to American National Group Inc. Common Stockholder: $208 million, up from a loss of $299 million, demonstrating improved earnings for common shareholders.Income Tax Expense (Benefit): $119 million, compared to a benefit of $77 million in the prior year, reflecting changes in taxable income. Business Highlights Revenue Segments: The company operates through three primary segments: Annuities, Property and Casualty (P&C), and Life Insurance. Each segment contributes to the overall revenue, with specific products and services tailored to individual and institutional clients.Geographical Performance: The company conducts its business across all 50 states, the District of Columbia, and Puerto Rico, indicating a broad geographical footprint. This widespread presence allows the company to cater to diverse markets and customer needs.Sales Units: The company reported significant activity in its investment portfolio, including available-for-sale fixed maturity securities, equity securities, and mortgage loans. These investments are crucial for supporting the company's insurance and annuity products.Future Outlook: The company is evaluating the impact of new accounting standards and continues to assess the financial and operational implications of recent mergers and acquisitions. This strategic focus aims to enhance operational efficiency and market competitiveness.SEC Filing: American National Group Inc. [ AEL ] - 10-Q - Nov. 13, 2025