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American National Group Inc

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2022 10-Q, filed May 5, 2022. Its latest SEC filing is a 15-12B from Jun 6, 2022.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Sells life insurance, annuities and property and casualty coverage to individuals, families, farmers, employers and small businesses.

How Did They Make Money?

The company collects premiums for insurance policies, with life coverage paid periodically; annuities may be funded with a single premium or a series of payments.

revenue

Who Were Their Customers?

Company agents serve individuals, families, farmers, ranchers and small businesses; independent agents, financial institutions and brokers also distribute products, while call centers offer life insurance directly to individuals.

Did Revenues Turn Into Profits?

Yes. It kept 16 cents of every revenue dollar as net income in .

Net income,
16% of revenue
▲ +50% vs ($467.5M, 12%)

How Were They Changing?

Since the FY2021 annual report
Latest quarter: Q1 FY2022, the three months to Mar 31, 2022
Revenue
▼ −9%
vs $1B in Q1 FY2021
Net income
▼ −36%
vs $170.2M in Q1 FY2021
  • May 25, 2022 Brookfield Reinsurance completes its acquisition of American National American National became an indirect wholly owned subsidiary and requested Nasdaq delisting.

Grew. Revenue grew 32% in 3 years, from $3.3B in to $4.4B in , about 10% a year.

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