---
schema_version: "secwatch.filing_event.v1"
accession: "0001039828-25-000020"
form_type: "8-K"
ticker: "ANG-PD"
cik: "0001039828"
company_name: "American National Group Inc."
filed_at: "2025-05-27T23:59:59+00:00"
generated_at: "2026-05-20T09:56:22.670865+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# American National reports Q1 GAAP net loss of $236M; distributable operating earnings up 97% to $392M

## Summary
- GAAP net loss $236M vs Q1 2024 net income $113M; total revenue $2.34B up 40% YoY.
- Distributable operating earnings $392M (+97% YoY); annuity segment DOE $407M (+288% YoY).
- Total assets $123.4B (+231% YoY) reflecting American Equity acquisition in May 2024.
- Net annuity sales $3.8B in Q1; annuity investment spread 1.8% for trailing 12 months.
- Redeemed Series A preferred stock with $19M non-recurring charge included in preferred dividends.

## SEC filing metadata
- accession: 0001039828-25-000020
- form_type: 8-K
- ticker: ANG-PD
- cik: 0001039828
- company_name: American National Group Inc.
- filed_at: 2025-05-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1039828/000103982825000020/0001039828-25-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1039828/000103982825000020/ael-20250527.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001039828-25-000020
- JSON: https://secwatch.observer/filing/0001039828-25-000020.json
- Plain text: https://secwatch.observer/filing/0001039828-25-000020.txt

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