secwatch.observer — SEC 8-K summary
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Issuer:     American National Group Inc. (ANG-PD)
CIK:        0001039828
Form:       8-K
Filed at:   2025-11-21T23:59:59+00:00
Accession:  0001039828-25-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American National Q3 GAAP net income $208M vs loss of $299M YoY; distributable earnings $354M
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- GAAP net income attributable to common stockholders $208M in Q3 2025 vs -$299M in Q3 2024; YTD 2025 $113M vs $58M.
- Distributable operating earnings $354M (Q3 2025), down 2% YoY; YTD 2025 $1,057M, up 30% YoY.
- Annuity segment distributable earnings $389M; gross annuity sales $4.85B, up 17% YoY led by fixed index ($2.53B) and fixed rate ($2.13B).
- Total assets $130.6B, up 6% YoY; total equity $10.98B, up 10% YoY; total adjusted common equity $10.29B, up 19% YoY.
- Non-performing commercial mortgage loans $205M (2% of portfolio) vs $117M (1%) at Dec 2024; allowance for credit losses $125M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039828/000103982825000036/0001039828-25-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039828/000103982825000036/angpd-20251121.htm
  HTML page:      https://secwatch.observer/filing/0001039828-25-000036

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