American National Group Inc.
american-equity.comWhat Do They Do?
Sells fixed-rate and fixed-index annuities to individuals and institutional buyers, and life insurance to individuals.
10-K for FY2025, filed Mar 31, 2026American National Group Inc., together with its subsidiaries (collectively, “ANGI”, “we”, “our”, “us”, or the “Company”), is focused on…View ↗
Our Annuities business includes both retail and institutional annuities and is operated through our insurance subsidiaries. Our primary…View ↗
Fixed Index Annuities – Fixed index annuities allow policyholders to earn index credits based on the performance of a particular index…View ↗
Pension Risk Transfer – Pension risk transfer is the transfer by a corporate sponsor of the risks, or some of the risks, associated with…View ↗
Life InsuranceView ↗
Our Life business is operated through our insurance subsidiaries. Our primary insurance products and coverages are as follows:View ↗
How Do They Make Money?
Individuals and institutions pay premiums or make deposits for annuity contracts; pension sponsors can pay a single premium for group annuities, while whole-life policyholders pay premiums periodically. The company invests policy funds to earn investment income.
10-K for FY2025, filed Mar 31, 2026Our Annuities business includes both retail and institutional annuities and is operated through our insurance subsidiaries. Our primary…View ↗
Pension Risk Transfer – Pension risk transfer is the transfer by a corporate sponsor of the risks, or some of the risks, associated with…View ↗
Single Premium Immediate Annuities – A single premium immediate annuity is purchased with one premium payment, providing periodic (usually…View ↗
Whole Life – Whole life products provide a guaranteed benefit upon the death of the insured in return for the periodic payment of a fixed…View ↗
Our ability to match liabilities with a portfolio of high-quality investments is integral to our overall strategy. Our loan portfolio…View ↗
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10-K for FY2025, filed Mar 31, 2026
FY2025 revenue by reportable segment ↗
$7.5B
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10-K for FY2025, filed Mar 31, 2026
$7.5B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Annuities
|
96% |
Annuities, FY2025
$7.2B Sources
|
|
|
Life Insurance
Recurring
|
8.1% |
Life Insurance, FY2025
$603M Sources
|
Recurring |
Who Are Their Customers?
Individuals buy retail annuities and life insurance; pension plan sponsors and other institutions buy group annuities and funding agreements.
10-K for FY2025, filed Mar 31, 2026Our Annuities business includes both retail and institutional annuities and is operated through our insurance subsidiaries. Our primary…View ↗
Pension Risk Transfer – Pension risk transfer is the transfer by a corporate sponsor of the risks, or some of the risks, associated with…View ↗
Funding Agreements - Funding agreements include those issued to a special-purpose unaffiliated trust in connection with our funding…View ↗
Our Life business is operated through our insurance subsidiaries. Our primary insurance products and coverages are as follows:View ↗
Whole Life – Whole life products provide a guaranteed benefit upon the death of the insured in return for the periodic payment of a fixed…View ↗
The Company’s Life Insurance business is principally provided by American National. Total premium revenues recorded within this segment for…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 7 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Mar 31, 2026
How Are They Changing?
Growing. Revenue grew 2.0x in 4 years, from $3.7B in FY2021 to $7.5B in FY2025, about 19% a year.
Broader product mix
The older report describes a business centered on fixed-index and fixed-rate annuities; the latest report also includes life insurance, pension risk transfer and funding agreements.
10-K for FY2022, filed Feb 28, 2023 10-K for FY2025, filed Mar 31, 2026We are a leader in the development and sale of fixed index and fixed rate annuity products. We were incorporated in the state of Iowa on…View ↗
American National Group Inc., together with its subsidiaries (collectively, “ANGI”, “we”, “our”, “us”, or the “Company”), is focused on…View ↗
Our Annuities business includes both retail and institutional annuities and is operated through our insurance subsidiaries. Our primary…View ↗
Pension Risk Transfer – Pension risk transfer is the transfer by a corporate sponsor of the risks, or some of the risks, associated with…View ↗
Funding Agreements - Funding agreements include those issued to a special-purpose unaffiliated trust in connection with our funding…View ↗
Life InsuranceView ↗
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