---
schema_version: "secwatch.filing_event.v1"
accession: "0001039828-23-000175"
form_type: "8-K"
ticker: "ANG-PD"
cik: "0001039828"
company_name: "American National Group Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T13:02:07.982255+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001039828-23-000175
- form_type: 8-K
- ticker: ANG-PD
- cik: 0001039828
- company_name: American National Group Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1039828/000103982823000175/0001039828-23-000175-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1039828/000103982823000175/ael-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001039828-23-000175
- JSON: https://secwatch.observer/filing/0001039828-23-000175.json
- Plain text: https://secwatch.observer/filing/0001039828-23-000175.txt

## Key facts
- Earnings Releases
  American National Group Inc. reported financial results for the quarter ended September 30, 2023.
  - Period: the quarter ended September 30, 2023
  - Result: reported results
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1039828/000103982823000175/0001039828-23-000175-index.htm

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