Thu, May 15, 3:46 PM (34 days ago)
### American National Group Inc. (ANG) - Q1 2025 Financial Summary **Ticker:** ANG **Q1 2025 Financial Health and Performance:** - **Revenue:** $2.34 billion, down from $1.67 billion in Q1 2024. - **Net Income:** $(236) million, compared to $113 million in Q1 2024. - **Profit Margins:** Negative net income margin due to significant investment losses and higher operating expenses. - **Cash Flow:** Operating cash flow of $671 million, up from $262 million in Q1 2024. - **Earnings Changes:** Significant decrease in net income due to higher expenses and investment losses. - **Quarterly Performance:** Mixed results with increased revenue but significant losses. - **Trends:** Increased investment in short-term investments and higher operating expenses. - **Uncertainties:** Market volatility and higher interest rates impacting investment performance. - **Future Operations:** Focus on managing investment risks and optimizing operational efficiency. **Key Financial Metrics:** - **Total Assets:** $123.43 billion, up from $121.22 billion in Q4 2024. - **Total Liabilities:** $113.39 billion, up from $111.19 billion in Q4 2024. - **Total Equity:** $10.05 billion, up from $10.03 billion in Q4 2024. - **Net Investment Income:** $1.28 billion, up from $440 million in Q1 2024. - **Investment Related Gains (Losses):** $(4) million, compared to $(34) million in Q1 2024. **Segment Performance:** - **Annuities:** Increased DOE by $302 million due to new business wins and higher spread earnings. - **Life Insurance:** Decreased DOE by $25 million due to higher policyholder benefits and lower investment income. - **Property and Casualty:** Increased DOE by $15 million due to improved loss experience. **Investment Portfolio:** - **Available-for-Sale Fixed Maturity Securities:** $49.29 billion, up from $47.29 billion in Q4 2024. - **Equity Securities:** $1.09 billion, down from $1.14 billion in Q4 2024. - **Mortgage Loans on Real Estate:** $11.68 billion, down from $12.12 billion in Q4 2024. - **Private Loans:** $6.15 billion, up from $5.73 billion in Q4 2024. **Cash and Liquidity:** - **Cash and Cash Equivalents:** $7.52 billion, down from $11.33 billion in Q4 2024. - **Total Liquidity:** $41.21 billion, down from $45.16 billion in Q4 2024. **Future Outlook:** - **Capital Management:** Focus on maintaining sufficient liquidity and managing capital to support growth and risk management. - **Market Risks:** Continued monitoring of interest rate and equity market risks. - **Operational Efficiency:** Efforts to optimize operational costs and improve underwriting performance. **Conclusion:** American National Group Inc. reported mixed results for Q1 2025 with increased revenue but significant losses due to higher expenses and investment losses. The company is focusing on managing investment risks and optimizing operational efficiency to improve future performance.