Quarterly ResultMay 22, 2026, 11:11 AM
American National Q1 Net Loss $(7)M; Operating Earnings $306M
AI Summary
American National Group Inc. reported a net loss of $(7) million for Q1 2026, a significant improvement from a $(236) million loss in Q1 2025. However, distributable operating earnings decreased by 10% year-over-year to $306 million. Total revenue declined by 15% to $1.6 billion, primarily due to a 68% drop in premiums. Net investment income saw a 3% increase, while total gross annuity sales remained flat year-over-year at $3.81 billion.
Key Highlights
- GAAP net loss was $(7) million in Q1 2026, improving 97% from $(236) million in Q1 2025.
- Distributable operating earnings decreased 10% YoY to $306 million in Q1 2026.
- Total revenue declined 15% YoY to $1.6 billion.
- Premiums decreased 68% YoY to $145 million.
- Net investment income increased 3% YoY to $1.289 billion.
- Total assets grew 6% YoY to $130.41 billion.
- Total gross annuity sales were $3.81 billion, flat YoY.
- Retail Fixed Rate Annuity sales increased 32% YoY to $1.379 billion.
Price Impact
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