---
schema_version: "secwatch.filing_event.v1"
accession: "0001039828-23-000073"
form_type: "8-K"
ticker: "ANG-PD"
cik: "0001039828"
company_name: "American National Group Inc."
filed_at: "2023-05-08T23:59:59+00:00"
generated_at: "2026-06-15T11:55:42.747280+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001039828-23-000073
- form_type: 8-K
- ticker: ANG-PD
- cik: 0001039828
- company_name: American National Group Inc.
- filed_at: 2023-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1039828/000103982823000073/0001039828-23-000073-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1039828/000103982823000073/ael-20230508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001039828-23-000073
- JSON: https://secwatch.observer/filing/0001039828-23-000073.json
- Plain text: https://secwatch.observer/filing/0001039828-23-000073.txt

## Key facts
- Earnings Releases
  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
  source text: On May 8, 2023, the registrant issued a press release announcing its financial results for the quarter ended March 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1039828/000103982823000073/0001039828-23-000073-index.htm

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