XML 18 R5.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
 5 Months Ended 7 Months Ended 12 Months Ended
May 24, 2022
Dec. 31, 2022
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]        
Net premiums $ 979 $ 1,454 $ 5,519 $ 3,521
Other policy revenue 159 226 657 414
Net investment income 513 700 3,628 1,388
Investment related losses (7) (39) (346) (1)
Other income 19 24 45 83
Total revenues 1,663 2,365 9,503 5,405
Policyholder benefits and claims incurred 831 1,190 5,361 3,289
Interest sensitive contract benefits 150 217 1,745 480
Amortization of deferred policy acquisition costs, deferred sales inducements and value of business acquired 227 319 939 525
Change in fair value of insurance-related derivatives and embedded derivatives 31 (23) (94) 36
Change in fair value of market risk benefits 0 (102) (3) (69)
Operating expenses 258 322 880 601
Interest expense 0 42 165 99
Total benefits and expenses 1,497 1,965 8,993 4,961
Net income before income taxes 166 400 510 444
Income tax expense (benefit) 33 74 (170) 47
Net income 133 326 680 397
Less: Net income (loss) attributable to noncontrolling interests 2 2 (49) 5
Net income attributable to American National Group Inc. stockholders 131 324 729 392
Less: Preferred stock dividends 0 0 33 0
Net income attributable to American National Group Inc. common stockholder $ 131 $ 324 $ 696 $ 392