Quality rankings require at least 50 unique 13-F institutional holders to ensure peer comparisons are meaningful. Only 2 institutional filers currently hold this stock.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
AI-extracted from the 10-Q filed 2026-08-13 — Q2 2026 (six months ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net income of $203M for H1 2026 vs. loss of $54M in H1 2025, driven by higher net investment income of $2.6B (+8% YoY) and lower policyholder benefits, partially offset by reduced PRT sales.
Biggest Revenue Drivers
Net investment income$2.6B+8% YoY
Increase driven by growth in assets under management and continued rotation into higher-yielding investment strategies.
Net premiums and other policy revenue$639M-44% YoY
Decrease primarily due to lower Pension Risk Transfer sales from a smaller PRT market in 2026 and pricing discipline on expected returns.
Biggest Revenue Drivers
Total revenue: $3.3B-7% YoY
Net investment income$2.6B+8% YoY
Increase driven by growth in assets under management and continued rotation into higher-yielding investment strategies.
Net premiums and other policy revenue$639M-44% YoY
Decrease primarily due to lower Pension Risk Transfer sales from a smaller PRT market in 2026 and pricing discipline on expected returns.
Investment related gains$29Mvs. loss of $8M YoY
Increase driven by change in unrealized gains on equity securities and realized gains on limited partnerships and LLCs.
Largest Expense Items
Interest sensitive contract benefits$1.3B+31% YoY
Increase due to higher index credits from equity market movements and growth in annuity business in-force block.
Policyholder benefits and claims incurred$475M-57% YoY
Decrease primarily due to reduction in PRT sales which resulted in lower reserve changes.
Amortization of DAC, DSI, and VOBA$543M+12% YoY
Increase due to continued growth of annuity business which increases deferred acquisition cost and deferred sales inducements assets.
Operating expenses$436M+11% YoY
Increase driven by one-time office property impairment and non-recurring costs related to termination of new life insurance sales through career agent channel.
Margins: Gross margins on new annuity business remain under pressure due to elevated option costs and higher crediting rates. Net income margins improved H1 2026 vs. H1 2025 primarily from favorable mark-to-market movements on derivatives and insurance liabilities offsetting lower premium revenue.
Watch Items from the Filing
Pension Risk Transfer segment revenue declined 86% YoY ($87M in H1 2026 vs. $636M in H1 2025) due to smaller PRT market and pricing discipline; represents material revenue headwind.
Distributable Operating Earnings decreased 10% YoY to $597M (H1 2026) from $661M (H1 2025), driven by increased cost of funds from higher option costs and crediting rates.
Company exited life insurance business through career agent distribution channel in Q2 2026 and transferred P&C subsidiaries in October 2025; now focused solely on annuities as consolidated segment.
Total equity declined $1.0B to $8.7B (down 10% from $9.7B Dec 31, 2025) due to $491M distribution to parent and other comprehensive income losses of $658M H1 2026.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About American National Group Inc. (ANG-PD): stock profile, AI score and financials
American National Group Inc. (ANG-PD) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. ANG-PD is not currently included in 13F Pro's AI-ranked quality universe — quality rankings require at least 50 unique 13-f institutional holders to ensure peer comparisons are meaningful. only 2 institutional filers currently hold this stock. Based on the latest XBRL financial filings (Q2 2026), American National Group Inc. reports quarterly revenue of $1.7B, net income of $204.0M, an operating margin of 16.4%. ANG-PD trades on the NYSE exchange and files with the SEC under CIK 1039828. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ANG-PD daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for American National Group Inc. directly from SEC EDGAR.