American National Group Inc
For the period ended Mar 31, 2024. Filed May 10, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 10, 2024
ANG-PD$22.59+3.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY AND SUBSIDIARIES | ||
|---|---|---|
| CONSOLIDATED BALANCE SHEETS | ||
| (Dollars in thousands, except share and per share data) | ||
| (Unaudited) | ||
| March 31, 2024 | December 31, 2023 | |
| Assets | ||
| Investments: | ||
| Fixed maturity securities, available for sale, at fair value (amortized cost of $36,009,821 as of 2024 and $38,537,462 as of 2023; allowance for credit losses of $3,518 as of 2024 and $4,030 as of 2023) | $32,044,379 | $34,780,482 |
| Mortgage loans on real estate (net of allowance for credit losses of $42,013 as of 2024 and $38,135 as of 2023) | 7,281,831 | 7,537,594 |
| Real estate investments (2024 and 2023 include $1,353,864 and $1,327,704 related to consolidated variable interest entities) | 1,363,604 | 1,334,247 |
| Limited partnerships and limited liability companies (2024 and 2023 include $501,084 and $506,685 related to consolidated variable interest entities) | 1,066,273 | 1,089,591 |
| Derivative instruments | 1,617,000 | 1,207,288 |
| Other investments (2024 includes $150,001 related to consolidated variable interest entities) | 1,624,752 | 2,277,822 |
| Total investments | 44,997,839 | 48,227,024 |
| Cash and cash equivalents (2024 and 2023 include $33,602 and $35,745 related to consolidated variable interest entities) | 13,495,847 | 9,772,586 |
| Coinsurance deposits (net of allowance for credit losses of $1,096 as of 2024 and $1,149 as of 2023) | 14,743,795 | 14,582,728 |
| Market risk benefits | 524,598 | 479,694 |
| Accrued investment income (2024 and 2023 include $4,136 and $2,862 related to consolidated variable interest entities) | 431,105 | 459,332 |
| Deferred policy acquisition costs | 3,184,757 | 3,070,280 |
| Deferred sales inducements | 2,440,714 | 2,367,224 |
| Deferred income taxes | 115,245 | 152,652 |
| Income taxes recoverable | 24,342 | 37,854 |
| Other assets (2024 and 2023 include $20,184 and $18,681 related to consolidated variable interest entities) | 821,281 | 768,928 |
| Total assets | $80,779,523 | $79,918,302 |
| AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY AND SUBSIDIARIES | ||
|---|---|---|
| CONSOLIDATED BALANCE SHEETS | ||
| (Dollars in thousands, except share and per share data) | ||
| (Unaudited) | ||
| March 31, 2024 | December 31, 2023 | |
| Liabilities and Stockholders' Equity | ||
| Liabilities: | ||
| Policy benefit reserves | $60,980,242 | $60,901,641 |
| Market risk benefits | 3,122,918 | 3,146,554 |
| Other policy funds and contract claims | 182,342 | 188,856 |
| Notes and loan payable | 783,791 | 785,443 |
| Subordinated debentures | 79,200 | 79,107 |
| Funds withheld for reinsurance liabilities | 8,811,816 | 8,596,373 |
| Other liabilities (2024 and 2023 include $80,627 and $93,520 related to consolidated variable interest entities) | 3,647,641 | 3,172,554 |
| Total liabilities | 77,607,950 | 76,870,528 |
| Stockholders' equity: | ||
| Preferred stock, Series A; par value $1 per share; $400,000 aggregate liquidation preference; 20,000 shares authorized; issued and outstanding: 2024 and 2023 - 16,000 shares | 16 | 16 |
| Preferred stock, Series B; par value $1 per share; $300,000 aggregate liquidation preference; 12,000 shares authorized; issued and outstanding: 2024 and 2023 - 12,000 shares | 12 | 12 |
| Common stock; par value $1 per share; 200,000,000 shares authorized; issued and outstanding: 2024 - 79,572,172 shares (excluding 30,614,343 treasury shares); 2023 - 79,337,818 shares (excluding 30,765,023 treasury shares) | 79,572 | 79,338 |
| Additional paid-in capital | 1,073,079 | 1,071,103 |
| Accumulated other comprehensive loss | (3,189,720) | (2,979,657) |
| Retained earnings | 5,184,527 | 4,852,448 |
| Total stockholders' equity attributable to American Equity Investment Life Holding Company | 3,147,486 | 3,023,260 |
| Noncontrolling interests | 24,087 | 24,514 |
| Total stockholders' equity | 3,171,573 | 3,047,774 |
| Total liabilities and stockholders' equity | $80,779,523 | $79,918,302 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.