earnings
confidence high
sentiment neutral
materiality 0.75
ANGI Q2 2025: DOE rises 23% to $311M; GAAP net income $141M, down 42% YoY
American National Group Inc.
- GAAP net income (common) $141M in Q2 2025 vs $244M in Q2 2024 (-42%); year-to-date GAAP net loss $95M.
- Distributable operating earnings (DOE) $311M in Q2 (+23% YoY); YTD DOE $703M (+56%).
- Annuity segment DOE $372M (+28%); P&C segment near break-even; Life DOE $40M (-29%).
- Gross annuity sales $4.28B in Q2 (+30% YoY); net sales $4.28B (+31%).
- Adjusted common equity $9.97B (+23% YoY); total assets $126.3B; annuity spread 1.9%.