v3.26.1
Segment Reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting
24. Segment Reporting
ANGI operates as one reporting segment which is managed on a consolidated basis and consists of fixed deferred and fixed index annuity products, as well as PRT contracts, funding agreements, and life contracts. Products are primarily sold through independent agents, brokers, and financial institutions.
Prior to October 1, 2025, the Company was organized into three segments, annuities, life insurance, and property and casualty. As discussed in Note 26 - Discontinued Operations, the Company completed the transfer of the P&C Subsidiaries on October 1, 2025. Subsequently during Q2 2026, it was announced that the sale of new life insurance products by American National Insurance Company (“American National”) through its career agent distribution channel would be terminated. American National had previously ceased selling new life insurance policies through its multiple-line and independent agent distribution channels in 2025. The transfer of the P&C Subsidiaries and withdrawal from the life insurance business represent strategic shifts for ANGI. Accordingly, the property and casualty and life insurance businesses are no longer reported as the Company’s chief operating decision maker (“CODM”) now allocates resources to ANGI on a consolidated basis. The prior period disclosures below have been recast to present segment information on a comparative basis.
The ANGI segment is regularly reviewed by the Company’s CODM for the purpose of allocating resources to the segment and assessing its performance. The Company’s CODM has been identified as the Brookfield Wealth Solutions Ltd. Chief Executive Officer and the Brookfield Wealth Solutions Ltd. Chief Financial Officer.
The key measure used by the CODM in assessing performance and in making resource allocation decisions is income from continuing operations, net of tax (“net income”) on the Condensed Consolidated Statements of Operations. Net income provides the CODM with insights on capital allocation and investment strategies, as well as product mix and pricing of insurance products offered by the Company.
The tables below provide consolidated results in the format that the CODM uses to make decisions and assess performance.
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
(Dollars in millions)
Net premiums and other policy related revenues (revenue from external customers) $332 $526 $639 $1,133 
Net investment income 1,289 1,139 2,578 2,390 
Investment related gains (losses) 59 (11)29 (8)
Other income26 27 60 55 
Total revenue 1,706 1,681 3,306 3,570 
Policyholder benefits and claims incurred244 510 475 1,112 
Interest sensitive contract benefits 762 485 1,307 997 
Amortization of deferred policy acquisition costs, deferred sales inducements and value of business acquired 271 246 543 484 
Change in fair value of market risk benefits109 (47)248 314 
Interest expense 42 49 91 93 
Other segment items (1)(2)299 342 722 
Income tax expense (benefit) 72 27 89 (35)
Income (loss) from continuing operations$208 $112 $211 $(117)
(1)Other segment items reflects the difference between segment revenues and significant segment expenses and includes the change in fair value of insurance-related derivatives and embedded derivatives as well as operating expenses which are presented on the Condensed Consolidated Statements of Operations.
The CODM uses total consolidated assets as the measure of segment assets as reported on the Condensed Consolidated Statements of Financial Position.
A subsidiary held $1.4 billion of assets pledged under a coinsurance reinsurance agreement with Just, who is domiciled in the United Kingdom, as of June 30, 2026 and December 31, 2025. There were no other material assets held in jurisdictions outside of the United States as of June 30, 2026 and December 31, 2025.
There was no material revenue generated in jurisdictions outside of the United States for the three and six months ended June 30, 2026 and 2025.