earnings
confidence high
sentiment positive
materiality 0.85
American National Q4 net income $638M (+179% YoY); full-year $696M (+78%) on American Equity acquisition
American National Group Inc.
- Distributable operating earnings Q4 $424M (+141% YoY); full year $1,236M (+114%).
- Total assets $121.2B (up 238% YoY), driven by May 2024 acquisition of American Equity.
- Gross annuity sales Q4 $4,647M (+518% YoY); full year $13,620M (+153%).
- Annuity investment spread 1.9% for the twelve months ended December 31, 2024.
- Non-performing commercial mortgage loans $117M (1% of portfolio) vs $15M a year ago.