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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Net premiums $ 566 $ 888 $ 2,207 $ 3,037
Other policy revenue 181 208 502 504
Net investment income 1,285 1,024 3,720 2,396
Investment related gains (losses) 2 (128) 71 (160)
Other income 24 12 83 12
Total revenues 2,058 2,004 6,583 5,789
Policyholder benefits and claims incurred 527 846 2,243 2,962
Interest sensitive contract benefits 523 523 1,520 1,068
Amortization of deferred policy acquisition costs, deferred sales inducements and value of business acquired 345 289 995 649
Change in fair value of insurance-related derivatives and embedded derivatives (187) 344 143 346
Change in fair value of market risk benefits 310 134 624 292
Operating expenses 156 228 647 666
Interest expense 47 49 140 114
Total benefits and expenses 1,721 2,413 6,312 6,097
Net income (loss) before income taxes 337 (409) 271 (308)
Income tax expense (benefit) 119 (77) 102 (337)
Net income (loss) 218 (332) 169 29
Less: Net income (loss) attributable to noncontrolling interests (1) (44) 4 (51)
Net income (loss) attributable to American National Group Inc. stockholders 219 (288) 165 80
Less: Preferred stock dividends and redemption 11 11 52 22
Net income (loss) attributable to American National Group Inc. common stockholder $ 208 $ (299) $ 113 $ 58