earnings
confidence high
sentiment positive
materiality 0.70
American Equity Q2 2023 sales hit $2B; FIA sales up 94% sequentially
American National Group Inc.
2023-Q2 EPS reported
$2.17
revenue$1,514,187,000
- Q2 2023 total sales of $2.0B, with 94% ($1.9B) in fixed index annuities.
- FIA sales increased 94% vs Q1 2023 and 141% vs Q2 2022.
- IMO channel FIA sales up 99% sequentially; Eagle Life FIA sales through banks/broker-dealers up 77%.
- Company attributes growth to private asset strategies driving strong new money yields.
- Q2 earnings results to be released Aug 7, 2023; no conference call due to pending Brookfield acquisition.