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Statutory Financial Information and Dividend Restrictions (Tables)
 12 Months Ended
Dec. 31, 2024
Insurance [Abstract]  
Statutory Accounting Practices Disclosure
The statutory capital and surplus and statutory net income (loss) of our primary life insurance and property and casualty insurance entities in accordance with statutory accounting practices are shown below:
December 31,
20242023
(Dollars in millions)
Statutory capital and surplus:
American Equity Investment Life Insurance Company (1)$3,214 $— 
American National’s U.S. life insurance entities (2)2,652 2,776 
American National’s U.S. property and casualty insurance entities (3)1,741 1,702 
Successor
Year Ended December 31,
202420232022
(Dollars in millions)
Statutory net income (loss):
American Equity Investment Life Insurance Company (1)$(747)$— $— 
American National’s U.S. life insurance entities (2)(185)(355)354 
American National’s U.S. property and casualty insurance entities (3)128 (38)50 
(1)American Equity Investment Life Insurance Company’s, statutory capital and surplus as of December 31, 2023 and statutory net income (loss) for the year ended December 31, 2023, the period from May 25, 2022 to December 31, 2022, and the Predecessor period from January 1, 2022 to May 24, 2022 are not provided as the Company acquired AEL on May 2, 2024. Statutory net income (loss) for the year ended December 31, 2024 presented above represent earnings reported to its regulator and are inclusive of earnings prior to the Company’s acquisition of AEL.
(2)American National’s U.S. life insurance entities include American National Insurance Company, American National Life Insurance Company of New York, Garden State Life Insurance Company, and American National Life Insurance Company of Texas.
(3)American National’s U.S. property and casualty insurance entities include American National Property and Casualty Company, American National General Insurance Company, American National Lloyd’s Insurance Company, American National County Mutual Insurance Company, Farm Family Casualty Insurance Company, and United Farm Family Insurance Company.