secwatch.observer — SEC 8-K summary
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Issuer:     American National Group Inc. (ANG-PD)
CIK:        0001039828
Form:       8-K
Filed at:   2023-04-17T23:59:59+00:00
Accession:  0001039828-23-000055
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039828/000103982823000055/0001039828-23-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039828/000103982823000055/ael-20230417.htm
  HTML page:      https://secwatch.observer/filing/0001039828-23-000055

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