secwatch.observer — SEC 8-K summary
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Issuer:     American National Group Inc. (ANG-PD)
CIK:        0001039828
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0001039828-22-000088
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039828/000103982822000088/0001039828-22-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039828/000103982822000088/ael-20221107.htm
  HTML page:      https://secwatch.observer/filing/0001039828-22-000088

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer