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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net premiums $ 888,000 $ 784,000 $ 3,037,000 $ 2,567,000
Other policy revenue 208,000 106,000 504,000 306,000
Net investment income 1,024,000 375,000 2,396,000 1,020,000
Investment related gains (losses) (128,000) (12,000) (160,000) (32,000)
Other income 12,000 11,000 12,000 32,000
Total revenues 2,004,000 1,264,000 5,789,000 3,893,000
Policyholder benefits and claims incurred 846,000 717,000 2,962,000 2,406,000
Interest sensitive contract benefits 523,000 133,000 1,068,000 338,000
Amortization of deferred policy acquisition costs, deferred sales inducements and value of business acquired 289,000 136,000 649,000 399,000
Change in fair value of insurance-related derivatives and embedded derivatives 344,000 54,000 346,000 54,000
Change in fair value of market risk benefits 134,000 (14,000) 292,000 (21,000)
Operating expenses 228,000 147,000 666,000 450,000
Interest expense 49,000 27,000 114,000 73,000
Total benefits and expenses 2,413,000 1,200,000 6,097,000 3,699,000
Net income (loss) before income taxes (409,000) 64,000 (308,000) 194,000
Income tax expense (benefit) (77,000) 9,000 (337,000) 28,000
Net income (loss) (332,000) 55,000 29,000 166,000
Less: Net income (loss) attributable to noncontrolling interests (44,000) 1,000 (51,000) 3,000
Net income (loss) attributable to American National Group Inc. stockholders (288,000) 54,000 80,000 163,000
Less: Preferred stock dividends 11,000 0 22,000 0
Net income (loss) attributable to American National Group Inc. common stockholder $ (299,000) $ 54,000 $ 58,000 $ 163,000