v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Net premiums $ 142 $ 354 $ 287 $ 812
Other policy revenue 190 172 352 321
Net investment income 1,289 1,139 2,578 2,390
Investment related gains (losses) 59 (11) 29 (8)
Other income 26 27 60 55
Total revenues 1,706 1,681 3,306 3,570
Policyholder benefits and claims incurred 244 510 475 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 insurance-related derivatives and embedded derivatives (232) 131 (94) 330
Change in fair value of market risk benefits 109 (47) 248 314
Operating expenses 230 168 436 392
Interest expense 42 49 91 93
Total benefits and expenses 1,426 1,542 3,006 3,722
Net income (loss) before income taxes 280 139 300 (152)
Income tax expense (benefit) 72 27 89 (35)
Income (loss) from continuing operations 208 112 211 (117)
Income from discontinuing operations, net of tax 0 42 0 68
Net income (loss) 208 154 211 (49)
Less: Net income from continuing operations attributable to noncontrolling interests, net of tax 4 2 8 5
Net income (loss) attributable to American National Group Inc. stockholders 204 152 203 (54)
Less: Preferred stock dividends and redemption 6 11 12 41
Net income (loss) attributable to American National Group Inc. common stockholder $ 198 $ 141 $ 191 $ (95)