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Statutory Financial Information and Dividend Restrictions (Tables)
9 Months Ended
Sep. 30, 2024
Insurance [Abstract]  
Statutory Accounting Practices Disclosure
The statutory capital and surplus and net income (loss) of our primary life and property and casualty insurance entities in accordance with statutory accounting practices are shown below (in millions):
September 30, 2024December 31, 2023
(Dollars in millions)
Statutory capital and surplus:
American Equity Investment Life Insurance Company (1)
$3,281 
American National’s U.S. life insurance entities
3,130 $2,776 
American National’s U.S. property and casualty insurance entities
1,694 1,702 
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
(Dollars in millions)
Statutory net income (loss):
American Equity Investment Life Insurance Company (1)
$(128)$57 
American National’s U.S. life insurance entities
(170)$(58)(183)$(166)
American National’s U.S. property and casualty insurance entities
15 (28)22 (76)
(1)American Equity Investment Life Insurance Company’s statutory capital and surplus as of December 31, 2023 and statutory net income (loss) for the periods ended September 30, 2023 are not provided, as the Company acquired AEL on May 2, 2024. Statutory net income (loss) for the periods ended September 30, 2024 presented above represent earnings reported to its regulator and are inclusive of earnings prior to the Company’s acquisition of AEL.