American Equity reports Q3 net income $301.7M, $3.41 EPS; investment spread expands to 2.73%

American National Group Inc.

2022-Q3 EPS reported $12.94 revenue$761,047,000

Net income available to common stockholders $301.7M ($3.41 diluted EPS) vs $141.9M ($1.53) in Q3 2021.
Non-GAAP operating income available to common $114.0M ($1.29) vs $79.5M ($0.85); excluding notable items $87.4M ($0.99).
Investment spread 2.73% (Q3 2022) vs 2.64% prior Q and 2.40% prior year; average yield on assets 4.48%.
Private asset allocation grew to 18.4% of portfolio; $1.3B private assets sourced at average 6.5% rate.
Repurchased $154M of shares in Q3 ($522M YTD); reinsurance ceded notional to North End Re increased $500M to $4.9B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

American National Group Inc. reported the quarter ended September 30, 2022 results: net income $301.7 million, EPS $3.41 per diluted common share.

Period: the quarter ended September 30, 2022
Net income: $301.7 million
EPS: $3.41 per diluted common share
Result: reported results

Exact text from the filing

Q3 2022 net income available to common stockholders of $301.7 million, or $3.41 per diluted common share compared to $141.9 million, or $1.53 per diluted common share for Q3 2021

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American National Group Inc. filing history →

Source: SEC EDGAR

accession 0001039828-22-000088

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