American National Group files pro forma net income of $1.06B for H1 2024 after AEL merger

American National Group Inc.

Pro forma total revenues $4,583M, net income $1,060M for six months ended June 30, 2024.
Transaction adjustments: $39M intangibles amort. (20-yr life), $120M VOBA amort., $126M transaction costs removed.
AEL historical results Jan 1–May 1, 2024 added: net income $592M, total revenues $817M.
Net investment income $2,102M; combined net premiums $2,149M, policyholder benefits $2,121M.

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