XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Net premiums $ 752 $ 1,005 $ 1,641 $ 2,149
Other policy revenue 172 184 321 296
Net investment income 1,160 932 2,435 1,372
Investment related gains (losses) 73 2 69 (32)
Other income (loss) 29 (8) 59 0
Total revenues 2,186 2,115 4,525 3,785
Policyholder benefits and claims incurred 828 1,030 1,716 2,116
Interest sensitive contract benefits 485 390 997 545
Amortization of deferred policy acquisition costs, deferred sales inducements and value of business acquired 332 199 650 360
Change in fair value of insurance-related derivatives and embedded derivatives 131 21 330 2
Change in fair value of market risk benefits (47) 139 314 158
Operating expenses 216 335 491 438
Interest expense 49 43 93 65
Total benefits and expenses 1,994 2,157 4,591 3,684
Net income (loss) before income taxes 192 (42) (66) 101
Income tax expense (benefit) 38 (289) (17) (260)
Net income (loss) 154 247 (49) 361
Less: Net income (loss) attributable to noncontrolling interests 2 (8) 5 (7)
Net income (loss) attributable to American National Group Inc. stockholders 152 255 (54) 368
Less: Preferred stock dividends and redemption 11 11 41 11
Net income (loss) attributable to American National Group Inc. common stockholder $ 141 $ 244 $ (95) $ 357