secwatch.observer — SEC 8-K summary
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Issuer:     American National Group Inc. (ANG-PD)
CIK:        0001039828
Form:       8-K
Filed at:   2025-05-27T23:59:59+00:00
Accession:  0001039828-25-000020
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039828/000103982825000020/0001039828-25-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039828/000103982825000020/ael-20250527.htm
  HTML page:      https://secwatch.observer/filing/0001039828-25-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer