American National Group Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 12, 2026, reporting third-quarter net income of $948 million and total assets of $130.537 billion.

Key Highlights

  • Net income of $948 million for the three months ended September 30, 2026, compared to $218 million in the same period of 2025, according to the filing.
  • Total revenues of $1.681 billion for Q3 2026, up from $1.618 billion in Q3 2025, as reported in the condensed consolidated statements of operations.
  • Net investment income of $1.424 billion for the three months ended September 30, 2026, versus $1.242 billion in the prior-year quarter.
  • Total assets of $130.537 billion as of September 30, 2026, compared to $130.257 billion as of December 31, 2025.
  • Policyholders' account balances grew to $96.806 billion as of September 30, 2026, from $92.992 billion at year-end 2025.
  • All 10,000 common shares outstanding are held by Brookfield Wealth Solutions Ltd. and its affiliates, as of November 11, 2026.
  • Preferred Stock Series D: 12,000 shares authorized, issued, and outstanding, with a liquidation preference of $25,000 per share.

American National Group Reports Sharp Rise in Q3 2026 Earnings

According to the filing, American National Group Inc. (NYSE:ANGpD) reported net income of $948 million for the three months ended September 30, 2026, a significant increase from $218 million in the comparable prior-year period. The company attributed the improvement in part to favorable changes in the fair value of insurance-related derivatives and embedded derivatives, which contributed a gain of $441 million in Q3 2026 versus $187 million in Q3 2025, and a change in fair value of market risk benefits of positive $437 million compared to a negative $310 million in the year-ago quarter.

For the nine months ended September 30, 2026, the filing reported total revenues of $4.987 billion and net income of $1.159 billion, compared to $5.188 billion in revenues and $169 million in net income for the same nine-month period in 2025. Net investment income for the nine-month period reached $4.002 billion, up from $3.632 billion in the prior-year period. Net income attributable to American National Group Inc. common stockholder for the nine months ended September 30, 2026 was $1.130 billion, versus $113 million in the same period of 2025.

On the balance sheet, total investments stood at $94.910 billion as of September 30, 2026, rising from $90.516 billion at December 31, 2025. Available-for-sale fixed maturity securities were carried at fair value of $59.943 billion, against an amortized cost of $62.161 billion. Total equity declined to $8.093 billion from $9.669 billion at year-end 2025, with accumulated other comprehensive income shifting to a negative $1.101 billion from a positive $1.094 billion over the same period. The filing notes the company is filing in a reduced disclosure format, as it meets the conditions set forth in General Instruction (H)(1)(a) and (b) for Form 10-Q.

What Was Disclosed

American National Group Inc. disclosed its unaudited condensed consolidated financial results for Q3 2026 and the nine months ended September 30, 2026, including income statements, balance sheet data, and equity changes, as part of its quarterly report on Form 10-Q.