AEL Q1 GAAP net loss $167M ($2.00/diluted); non-GAAP operating income $124M ($1.47/diluted)

American National Group Inc.

2023-Q1 EPS reported -$2.00 revenue$662,548,000

Q1 2023 net loss available to common stockholders of $166.9M ($2.00/diluted) vs Q1 2022 net income $668.5M ($6.83/diluted) restated for LDTI.
Non-GAAP operating income available to common stockholders $124.3M ($1.47/diluted), up from $107.1M ($1.09/diluted) in Q1 2022.
Total sales $1.4B; FIA sales $964M, up 23% sequentially; investment spread 2.67% vs 2.51% a year ago.
Private asset allocation reached 24% of portfolio; $1.3B sourced at 7.89% average yield; $253M shares repurchased in Q1.
Flow reinsurance ceded $634M; ceded account value subject to fee income $10.2B; recurring fee revenue $22M.

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 March 31, 2023 results: net income $(166.9) million, EPS $(2.00) per diluted common share.

Period: the quarter ended March 31, 2023
Net income: $(166.9) million
EPS: $(2.00) per diluted common share
Result: reported results

Exact text from the filing

On May 8, 2023, the registrant issued a press release announcing its financial results for the quarter ended March 31, 2023

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 0001039828-23-000073

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