secwatch.observer — SEC 8-K summary
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Issuer:     American National Group Inc. (ANG-PD)
CIK:        0001039828
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001039828-23-000073
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039828/000103982823000073/0001039828-23-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039828/000103982823000073/ael-20230508.htm
  HTML page:      https://secwatch.observer/filing/0001039828-23-000073

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