earnings
confidence high
sentiment neutral
materiality 0.65
American National Q1 2026 net loss narrows to $7M; distributable earnings down 10%
American National Group Inc.
- GAAP net loss attributable to common stockholders of $7M, improving from $236M loss in Q1 2025.
- Distributable operating earnings $306M, down 10% YoY ($341M) and 15% sequentially ($360M).
- Annuity segment pre-tax distributable earnings $382M (-6% YoY); Life $20M (-38% YoY).
- Adjusted common equity $9.812B (+2% YoY); annuity investment spread 1.7% for TTM ended March 2026.
- Total gross annuity sales $3.81B (flat YoY); retail fixed index -8%, fixed rate +32%.