American Equity Q3 net income $465.2M ($5.82/diluted); record FIA sales $2.2B; non-GAAP op income $195.5M

American National Group Inc.

2023-Q3 EPS reported $7.92 revenue$1,780,839,000

Net income $465.2M ($5.82/diluted) vs $434.0M ($4.90) in Q3 2022; non-GAAP operating income $195.5M ($2.45/diluted).
Record total FIA sales $2.2B, up 18% sequentially and 203% YoY; investment yield improved 27 bps sequentially to 4.69%.
Investment spread 2.73% (ex-non-trendable 2.68%); cost of money for annuity liabilities 1.96%; cash & equivalents $6.8B.
Merger with Brookfield Reinsurance ($4.3B) expects close H1 2024; special shareholder meeting Nov 10 to approve.
Trailing twelve-month GAAP ROE 47.3%; non-GAAP operating ROE 18.6%; holding company cash $481M.

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 1.0

American National Group Inc. reported financial results for the quarter ended September 30, 2023.

Period: the quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On November 7, 2023, the registrant issued a press release announcing its financial results for the quarter ended September 30, 2023, a copy of which is attached as Exhibit 99.1 and is incorporated herein by reference.

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13 earnings releases filed in the last 30 days. Browse all earnings releases →

American National Group Inc. filing history →

Source: SEC EDGAR

accession 0001039828-23-000175

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