American National Group Inc
For the period ended Jun 30, 2024. Filed Aug 14, 2024.
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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.
Jun 30, 2024 · Filed Aug 14, 2024
ANG-PD$22.01-2.6%Stored close · as of Nov 10, 2026
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Consolidated Statements of Financial Position (unaudited)
| AMERICAN NATIONAL GROUP INC. AND SUBSIDIARIES | ||
|---|---|---|
| CONSOLIDATED STATEMENTS OF FINANCIAL POSITION | ||
| (Dollars in millions, except share and per share data) | ||
| (Unaudited) | ||
| June 30, 2024 | December 31, 2023 | |
| Assets | ||
| Investments: | ||
| Available-for-sale fixed maturity securities, at fair value (net of allowance for credit losses of $37 and $24, respectively; amortized cost of $46,480 and $13,281, respectively) | $46,480 | $12,877 |
| Equity securities, at fair value | 1,200 | 1,404 |
| Mortgage loans on real estate, at amortized cost (net of allowance for credit losses of $54 and $53, respectively) | 12,042 | 5,658 |
| Private loans, at amortized cost (net of allowance for credit loss of $21 and $8, respectively) | 1,724 | 194 |
| Real estate and real estate partnerships (net of accumulated depreciation of $255 and $320, respectively) | 6,329 | 3,611 |
| Investment funds | 2,642 | 1,592 |
| Policy loans | 401 | 390 |
| Short-term investments | 1,945 | 2,397 |
| Other invested assets | 955 | 120 |
| Total investments | 73,718 | 28,243 |
| Cash and cash equivalents | 13,895 | 3,192 |
| Accrued investment income | 684 | 196 |
| Deferred policy acquisition costs, deferred sales inducements and value of business acquired | 8,355 | 944 |
| Premiums due and other receivables | 430 | 484 |
| Ceded unearned premiums | 166 | 45 |
| Deferred tax asset | 233 | 291 |
| Reinsurance recoverables and deposit assets | 15,261 | 427 |
| Property and equipment (net of accumulated depreciation of $340 and $333, respectively) | 189 | 168 |
| Intangible assets (net of accumulated amortization of $15 and $2, respectively) | 1,612 | 44 |
| Goodwill | 754 | 121 |
| Other assets | 2,055 | 541 |
| Separate account assets | 1,266 | 1,189 |
| Total assets | $118,618 | $35,885 |
| AMERICAN NATIONAL GROUP INC. AND SUBSIDIARIES | ||
|---|---|---|
| CONSOLIDATED STATEMENTS OF FINANCIAL POSITION | ||
| (Dollars in millions, except share and per share data) | ||
| (Unaudited) | ||
| June 30, 2024 | December 31, 2023 | |
| Liabilities | ||
| Future policy benefits | $7,227 | $6,108 |
| Policyholders’ account balances | 80,489 | 17,177 |
| Policy and contract claims | 1,880 | 1,870 |
| Market risk benefits | 3,276 | 34 |
| Unearned premium reserve | 1,177 | 1,139 |
| Due to related parties | — | — |
| Other policyholder funds | 343 | 335 |
| Notes payable | 657 | 174 |
| Long term borrowings | 2,476 | 1,493 |
| Funds withheld for reinsurance liabilities | 8,731 | — |
| Other liabilities | 1,839 | 467 |
| Separate account liabilities | 1,266 | 1,189 |
| Total liabilities | 109,361 | 29,986 |
| Equity | ||
| Preferred stock, Series A; par value $1 per share; $25,000 per share liquidation preference; 20,000 shares authorized; issued and outstanding: 2024 - 16,000 shares 2023 - no shares | 389 | — |
| Preferred stock, Series B; par value $1 per share; $25,000 per share liquidation preference; 12,000 shares authorized; issued and outstanding: 2024 - 12,000 shares 2023 - no shares | 296 | — |
| Additional paid-in capital | 6,935 | 5,185 |
| Accumulated other comprehensive income (loss), net of taxes | 445 | (109) |
| Retained earnings | 1,005 | 716 |
| Non-controlling interests | 187 | 107 |
| Total equity | 9,257 | 5,899 |
| Total liabilities and equity | $118,618 | $35,885 |
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