American Equity recasts 2021-22 financials for LDTI, gives 2023 guidance with DAC amortization $430-450M

American National Group Inc.

Recast Q4 and full-year 2022 financial supplement to adopt LDTI, applied retrospectively from Jan 1, 2021.
2023 modeled expectations: combined DAC and DSI amortization of $430-450M pre-tax.
Market risk benefit increase expense of $160-180M pre-tax, adjusted for capital market impacts.
Reduction in other revenues of $6-10M pre-tax relative to pre-LDTI expectations.
No future recasting of modeled expectations expected under other circumstances.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

American National Group Inc. reported financial results for the fourth quarter and year ended December 31, 2022.

Period: the fourth quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

On April 17, 2023, American Equity Investment Life Holding Company (the "Company") made available a recast version of its financial supplement for the fourth quarter and year ended December 31, 2022, a copy of which is attached as Exhibit 99.1 and is incorporated herein by reference.

View on SEC.gov

13 earnings releases filed in the last 30 days. Browse all earnings releases →

American National Group Inc. filing history →

Source: SEC EDGAR

accession 0001039828-23-000055

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.