American National Group Inc. Q3 2025 Financial Results

American National Group Inc. has released its financial results for the third quarter of 2025, providing a comprehensive overview of its financial performance, business operations, and strategic initiatives. The report highlights key financial metrics, management's insights, and future outlook, offering a detailed snapshot of the company's current position and future prospects. Financial Highlights For the third quarter of 2025, American National Group Inc. reported a GAAP net income of $208 million, a significant improvement from the $141 million reported in the second quarter of 2025 and a substantial turnaround from the $236 million loss in the first quarter of 2025. Distributable operating earnings also saw a notable increase, reaching $354 million, up 14% from the previous quarter's $311 million.Total assets grew to $130.6 billion, marking a 3% increase from the previous quarter and a 6% year-over-year growth. Total liabilities also rose to $119.6 billion, reflecting a 3% increase from the previous quarter and a 5% year-over-year growth. Total equity stood at $11 billion, a 7% increase from the previous quarter and a 10% year-over-year growth. Business and Operational Highlights The company's net investment income for Q3 2025 was $1.285 billion, an 11% increase from the previous quarter and a 25% year-over-year growth. Premiums, however, saw a decline, dropping 25% from the previous quarter to $566 million and 36% year-over-year. Other policy revenue increased by 5% from the previous quarter to $181 million but decreased by 13% year-over-year.In terms of segment performance, the annuity segment reported pre-tax distributable operating earnings of $389 million, a 5% increase from the previous quarter. The property and casualty (P&C) segment saw a significant turnaround, reporting $38 million in pre-tax distributable operating earnings, compared to a $4 million loss in the previous quarter. The life segment reported $37 million in pre-tax distributable operating earnings, an 8% decrease from the previous quarter. Strategic Initiatives and Corporate Developments American National Group Inc. has been actively managing its investment portfolio, with total investments reaching $89.7 billion, an 11% increase from the previous quarter. The company also reported a 17% increase in available-for-sale fixed maturity securities, which now stand at $55.4 billion. Additionally, the company has been focusing on reducing its long-term borrowings, which increased by 17% to $3.449 billion. Management's Perspective Management expressed satisfaction with the company's performance, highlighting the significant improvements in net income and distributable operating earnings. They emphasized the company's strong investment income and the positive turnaround in the P&C segment. Management also noted the ongoing efforts to optimize the investment portfolio and reduce long-term borrowings as key strategic initiatives. Future Outlook Looking ahead, American National Group Inc. remains optimistic about its future prospects. The company expects continued growth in net investment income and distributable operating earnings. Management also anticipates further improvements in the P&C segment and ongoing optimization of the investment portfolio. The company remains committed to its strategic initiatives aimed at enhancing shareholder value and maintaining financial stability.Original SEC Filing: American National Group Inc. [ AEL ] - 8-K - Nov. 21, 2025DisclaimerThis is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.