{ "ok": true, "cik": "1039828", "ticker": "ANG-PD", "name": "American National Group Inc.", "filings": [ { "form": "8-K", "filed": "2026-09-15", "items": [ "8.01 Other Events" ], "url": "https://www.sec.gov/Archives/edgar/data/1039828/000103982826000020/0001039828-26-000020-index.htm" }, { "form": "8-K", "filed": "2026-08-26", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1039828/000103982826000018/0001039828-26-000018-index.htm" }, { "form": "10-Q", "filed": "2026-08-13", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1039828/000103982826000016/0001039828-26-000016-index.htm" }, { "form": "8-K", "filed": "2026-06-15", "items": [ "8.01 Other Events" ], "url": "https://www.sec.gov/Archives/edgar/data/1039828/000103982826000013/0001039828-26-000013-index.htm" }, { "form": "8-K", "filed": "2026-05-22", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1039828/000103982826000011/0001039828-26-000011-index.htm" }, { "form": "10-Q", "filed": "2026-05-14", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1039828/000103982826000009/0001039828-26-000009-index.htm" } ], "events12m": 10, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001039828.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1039828" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up American National Group Inc. ($ANG-PD). Last filing: 8-K (8.01 Other Events), 2026-09-15. 10 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 7487000000, "revenueGrowth1y": -0.004255885091102529, "revenueGrowthPerYear": 0.19349750175966207, "yearsOfData": 5, "operatingMargin": null, "operatingMarginPrior": null, "netMargin": 0.07212501669560571, "operatingCashFlow": null, "capitalSpending": null, "freeCashFlow": null, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 11660000000, "longTermDebt": 2951000000, "longTermDebtChange": -0.00202908353060538, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 3689961000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 1413825000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 3395000000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 7519000000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 7487000000 } ], "totalEquity": 9669000000, "totalAssets": 130257000000, "equityRatio": 0.07423017572951933, "returnOnEquity": 0.055848588271796465, "dividendsPaid": 49000000, "payoutRatio": 0.09074074074074075, "dividendPerShare": 0.36, "dividendYearsRising": 13, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "range80": { "low": 8153883897.44245, "high": 12084726455.319271, "baseline": 10252588831.186281, "n": 4599, "band": "b1" }, "ifPaceHeld": { "low": 8153883897.44245, "high": 12084726455.319271 } }, "edgarette": "🔖 Exposure: revenue $7.5B (FY2025), total debt $3.0B. Experience: revenue down 0.4% on the year, up 19.3% a year over 4 years. Soundness: equity 7.4% of assets, return on equity 5.6%, payout 9.1% of profit, dividend per share up 13 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $8.2B and $12.1B next year (method v3, set from 4,599 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (20 filers, $50M+ revenue, life insurance): growth -0.4% against 5.5%.", "peers": { "sic": 6311, "sicDescription": "Life Insurance", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6311", "growth": [ 0.0545, 20 ], "equityRatio": [ 0.0381, 19 ], "returnOnEquity": [ 0.0878, 17 ], "payoutRatio": [ 0.2768, 10 ] }, "summary": "American National Group (ANG-PD) saw revenue fall 0.4% in FY2025 to $7.5 billion, equity 7.4% of assets, and dividend per share up 13 years running. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
American National Group Inc. against its own record and its peers
Revenue, on the yearPeer median 5.5%-0.4%Equity of assetsPeer median 3.8%7.4%Return on equityPeer median 8.8%5.6%Payout of profitPeer median 27.7%9.1%Gold tick: the median of 10–19 peers with $50M+ revenue in life insurance
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profit9.1% paid out90.9% keptHanded back per share$0.36up 13 years runningGrowth its own profit can fund5.1%retained x return on equityRevenue growth it managed-0.4%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 13, "hits": 0, "rate": 0, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T13:13:45.238Z", "hash": "67ea42334c2b3deb", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "American National Group (ANG-PD) saw revenue fall 0.4% in FY2025 to $7.5 billion, equity 7.4% of assets, and dividend per share up 13 years running. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 7487000000, "totalDebt": 2951000000, "cash": 11660000000 }, "experience": { "revenueGrowth1y": -0.004255885091102529, "revenueGrowthPerYear": 0.19349750175966207, "operatingMargin": null, "operatingMarginPrior": null, "netMargin": 0.07212501669560571, "freeCashFlow": null }, "soundness": { "equityRatio": 0.07423017572951933, "returnOnEquity": 0.055848588271796465, "payoutRatio": 0.09074074074074075, "dividendPerShare": 0.36, "dividendYearsRising": 13, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 6311, "sicDescription": "Life Insurance", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6311", "growth": [ 0.0545, 20 ], "equityRatio": [ 0.0381, 19 ], "returnOnEquity": [ 0.0878, 17 ], "payoutRatio": [ 0.2768, 10 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "range": { "low": 8153883897.44245, "high": 12084726455.319271, "baseline": 10252588831.186281, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 4599, "sizeBand": "b1" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 13, "hits": 0, "rate": 0, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T13:13:45.238Z", "hash": "67ea42334c2b3deb", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001039828.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1039828" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }