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Schedule II - Condensed Financial Information of Registrant (Tables)
12 Months Ended
Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]  
Condensed Statements of Financial Position (Parent Company Only)
Condensed Statements of Financial Position (Parent Company Only)
December 31,
20242023
(Dollars in millions)
Assets
Equity securities$657 $903 
Cash and cash equivalents315 304 
Investments in subsidiaries13,184 6,081 
Due from related party1,848 — 
Other assets142 20 
Total assets$16,146 $7,308 
Liabilities
Long-term debt$2,957 $1,499 
Accounts payable and accrued liabilities12 — 
Due to related party3,180 — 
Other liabilities47 17 
Total liabilities6,196 1,516 
Equity
Preferred stock, Series A389 — 
Preferred stock, Series B296 — 
Additional paid-in capital8,103 5,185 
Accumulated other comprehensive income (loss), net of taxes(118)(109)
Retained earnings1,280 716 
Total equity9,950 5,792 
Total liabilities and equity$16,146 $7,308 
Condensed Statements of Comprehensive Income (Parent Company Only)
Condensed Statements of Comprehensive Income (Parent Company Only)
Successor
Predecessor
Year Ended December 31,Period From
May 25 to
December 31,
Period From
January 1 to
May 24,
2024202320222022
(Dollars in millions)
Net investment income$253 $23 $$— 
Net gains on equity securities(44)— — 
Operating expenses(136)(114)(60)(39)
Interest expense(240)— — — 
Income tax benefit64 25 
Income from subsidiaries, net of tax832 457 367 164 
Net income attributable to American National Group Inc. stockholders729 392 324 131 
Less: Preferred stock dividends33 — — — 
Net income attributable to American National Group Inc. common stockholder696 392 324 131 
Other comprehensive income (loss) from subsidiaries443 339 (448)(616)
Total comprehensive income (loss)$1,172 $731 $(124)$(485)
Condensed Statements of Cash Flows (Parent Company Only)
Condensed Statements of Cash Flows (Parent Company Only)
Successor
Predecessor
Year Ended December 31,Period From
May 25 to
December 31,
Period From
January 1 to
May 24,
2024202320222022
(Dollars in millions)
Operating activities:
Net income$729 $392 $324 $131 
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Net gains on equity securities(1)— — 
Deferred federal income tax expense (benefit)270 (11)— (2)
Equity in earnings of subsidiaries(832)(457)(367)(164)
Dividends from subsidiaries257 557 641 47 
Changes in:
Changes in working capital23 — — — 
Current tax receivable/payable(323)— — — 
Other, net(34)(38)
Net cash provided by (used in) operating activities91 482 600 (26)
Investing activities:
Investments in subsidiaries(1,871)(78)— — 
Change in short-term investments— 15 (15)— 
Net cash provided by (used in) investing activities(1,871)(63)(15)— 
Financing activities:
Issuance of equity— — 45 — 
Borrowings from related parties1,300 — — 
Borrowings from external parties2,500 — 500 — 
Repayment of borrowings to external parties(1,900)— (507)— 
Debt issuance costs(4)— (5)— 
Dividends to stockholders(105)(750)— (22)
Net cash provided by (used in) financing activities1,791 (750)38 (22)
Cash and cash equivalents
Cash and cash equivalents, beginning of period304 635 12 60 
Net change during the period11 (331)623 (48)
Cash and cash equivalents, end of period$315 $304 $635 $12 
Supplemental cash flow information
Equity contribution and invested assets received$— $2,130 $— $— 
Investment in subsidiaries contribution— (1,231)— —