earnings
confidence high
sentiment positive
materiality 0.70
ANGI Q4 distributable operating earnings $360M (+6% YoY); 2025 DOE $1.35B (+23%)
American National Group Inc.
- GAAP net income Q4 $356M (-44% YoY); full-year $469M (-33% YoY).
- Distributable operating earnings Q4 $360M (+6% YoY); full-year $1,350M (+23% YoY).
- Total net annuity sales Q4 $6.55B (+41% YoY); full-year $19.47B (+43% YoY).
- Annuity investment spread 1.8% for 2025 (yield 6.0%, cost of funds 4.3%).
- Pre-tax DOE annuity segment $1,597M (+39% YoY); life segment $153M (-26% YoY).