---
schema_version: "secwatch.filing_event.v1"
accession: "0001039828-22-000088"
form_type: "8-K"
ticker: "ANG-PD"
cik: "0001039828"
company_name: "American National Group Inc."
filed_at: "2022-11-07T23:59:59+00:00"
generated_at: "2026-06-22T04:58:03.624361+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001039828-22-000088
- form_type: 8-K
- ticker: ANG-PD
- cik: 0001039828
- company_name: American National Group Inc.
- filed_at: 2022-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1039828/000103982822000088/0001039828-22-000088-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1039828/000103982822000088/ael-20221107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001039828-22-000088
- JSON: https://secwatch.observer/filing/0001039828-22-000088.json
- Plain text: https://secwatch.observer/filing/0001039828-22-000088.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1039828/000103982822000088/0001039828-22-000088-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.