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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net premiums $ 1,005 $ 1,002 $ 2,149 $ 1,783
Other policy revenue 184 103 296 200
Net investment income 924 342 1,372 666
Investment related gains (losses) 2 41 (32) (20)
Total revenues 2,115 1,488 3,785 2,629
Policyholder benefits and claims incurred 1,030 989 2,116 1,689
Interest sensitive contract benefits 390 116 545 205
Amortization of deferred policy acquisition costs, deferred sales inducements and value of business acquired 199 132 360 263
Change in fair value of insurance-related derivatives and embedded derivatives 21 (26) 2 0
Change in fair value of market risk benefits 139 (12) 158 (7)
Operating expenses 335 148 438 303
Interest expense 43 22 65 46
Total benefits and expenses 2,157 1,369 3,684 2,499
Net income (loss) before income taxes (42) 119 101 130
Income tax expense (benefit) (289) 21 (260) 19
Net income 247 98 361 111
Less: Net income (loss) attributable to noncontrolling interests 3 (3) 4 2
Net income attributable to American National Group Inc. $ 244 $ 101 $ 357 $ 109