American National Group Inc.

Report of Independent Registered Public Accounting Firm

To the stockholders and the Board of Directors of American National Group Inc.

Opinion on the Financial Statements

We have audited the accompanying consolidated statements of financial position of American National Group Inc. and subsidiaries (the “Company”) as of December 31, 2025 and 2024, the related consolidated statements of operations, comprehensive income, statement of changes in equity, and cash flows for each of the three years in the period ended December 31, 2025, and the related notes and the schedules listed in the Index at Item 15 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2025 and 2024, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2025 in conformity with accounting principles generally accepted in the United States of America.

Emphasis of a Matter

As discussed in Note 1 to the financial statements, on October 1, 2025, the Company completed the transfer of its property and casualty subsidiaries, including American National Property And Casualty Company, United Farm Family Insurance Company and Farm Family Casualty Insurance Company and their wholly-owned subsidiaries to Clearbrook Group Holdings, Inc. Amounts in the financial statements and notes thereto have been retrospectively adjusted and reported as discontinued operations.

Basis for Opinion

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Critical Audit Matter

The critical audit matter communicated below is a matter arising from the current-period audit of the financial statements that was communicated or required to be communicated to the audit committee and that (1) relates to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matters does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit matter below, providing separate opinions on the critical audit matter or on the accounts or disclosures to which it relates.

Market Risk Benefits– Fixed Annuity Contracts– Valuation of Market Risk Benefits– Refer to Notes 2, 11 and 19 to the financial statements

Critical Audit Matter Description

The Company issues certain fixed indexed annuity and fixed rate annuity contracts that provide minimum guarantees to policyholders including guaranteed minimum withdrawal benefits that meet the definition of Market Risk Benefits (“MRB”). MRBs are measured at fair value. The fair value is calculated using stochastic models that incorporate a spread. The actuarial assumptions used in the MRB calculation are best estimate assumptions based on a combination of historical data and actuarial judgment. Significant assumptions include utilization, option budget, non-performance risk as well as mortality and lapse rates. MRBs with positive values are recorded as “Other assets” and negative fair values are reported as “Market risk benefit” liabilities in the Consolidated Statements of Financial Position.

We have assessed the significant judgements used in the determination of certain assumptions used in determination of the fair value of MRBs, the related audit effort in evaluating management’s selection of the significant assumption related to the lifetime income benefit rider utilization required a high degree of auditor judgment, and an increased extent of effort, including involvement of our actuarial specialists.

How the Critical Audit Matter Was Addressed in the Audit

Our audit procedures related to the lifetime income benefit rider utilization assumption selected by management for the valuation of the MRBs included the following:

•We tested the effectiveness of controls related to the valuation of MRBs, including management’s controls over the development, selection, and implementation of the significant assumptions used in the estimate.

•We evaluated the methods and assumptions used by the Company to estimate the fair value of the MRBs by performing the following:

◦We tested the completeness and accuracy of the underlying data used in the determination of the significant assumptions.

◦We evaluated the reasonableness of the Company’s selected significant assumptions through use of our actuarial specialists, drawing upon standard actuarial and industry practices.

◦With the assistance of our actuarial specialists, we evaluated the appropriateness of the methodologies used to determine the significant assumptions, evaluated the key inputs into those significant assumptions, evaluated the consistency of the selected assumptions used in the Company’s valuation models, and tested the mathematical accuracy of the valuation models.

/s/ Deloitte & Touche LLP

Houston, Texas

March 30, 2026

We have served as the Company’s auditor since 2020.