American National (ANG-PD) Operating Expenses (2010 - 2025)

American National's (ANG-PD) quarterly Operating Expenses came in at -$5.6 billion in Q4 2025, down 3.54% year-on-year from -$5.8 billion in Q4 2024, and down 424.64% quarter-over-quarter from $1.7 billion in Q3 2025.

American National (ANG-PD) Operating Expenses (2010 - 2025) Analysis & Trends

American National's Operating Expenses history runs 16 years deep, the most recent figure standing at -$5.6 billion for Q4 2025.

  • On a quarterly basis, Operating Expenses fell 3.54% year-over-year to -$5.6 billion in Q4 2025; TTM through Dec 2025 was -$3.4 billion, a 28.65% increase from a year earlier, with the FY2025 full-year figure at $725.0 million, up 3.42% from the prior year.
  • Operating Expenses slipped to -$5.6 billion in Q4 2025 per ANG-PD's latest filing, from $1.7 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $1.7 billion in Q3 2025 and bottomed at -$5.6 billion in Q4 2025.
  • The 5-year median for Operating Expenses is $251.5 million (2024), against an average of -$366.9 million.
  • Across the five-year window, Operating Expenses surged 750.34% in 2021 and tumbled 1115.22% in 2023, its largest moves.
  • Year by year, Operating Expenses stood at $895.3 million in 2021, then plunged by 64.04% to $322.0 million in 2022, then tumbled by 1115.22% to -$3.3 billion in 2023, then plunged by 65.07% to -$5.4 billion in 2024, then fell by 3.54% to -$5.6 billion in 2025.
  • Per Business Quant, the three latest ANG-PD Operating Expenses figures stand at -$5.6 billion (Q4 2025), $1.7 billion (Q3 2025), and $216.0 million (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Prudential 75.05 Bn 67.97 Bn - -171.00 Mn
2 Aflac 63.80 Bn 58.14 Bn 2.51 Bn 3.12 Bn
3 Metlife 60.34 Bn 44.39 Bn 256.00 Mn 3.80 Bn
4 Manulife Financial 52.65 Bn 53.78 Bn - -199.07 Mn
5 Unum 14.19 Bn 4.23 Bn 1.40 Bn 3.05 Bn
6 Primerica 9.76 Bn 9.08 Bn 770.81 Mn 623.28 Mn
7 Jackson Financial 8.17 Bn 3.03 Bn - 3.30 Bn
8 Lincoln National 7.81 Bn -1.09 Bn 3.25 Bn 5.55 Bn
9 F&G Annuities & Life 3.87 Bn 1.67 Bn 1.15 Bn -
10 American National 1.86 Bn -10.28 Bn -4.83 Bn -5.59 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 -5.59 Bn
Sep 30, 2025 1.72 Bn
Jun 30, 2025 216.00 Mn
Mar 31, 2025 275.00 Mn
Dec 31, 2024 -5.40 Bn
Sep 30, 2024 228.00 Mn
Jun 30, 2024 335.00 Mn
Mar 31, 2024 103.00 Mn
Dec 31, 2023 -3.27 Bn
Sep 30, 2023 147.00 Mn
Jun 30, 2023 1.37 Bn
Mar 31, 2023 854.45 Mn
Dec 31, 2022 322.00 Mn
Sep 30, 2022 -74.42 Mn
Jun 30, 2022 -853.06 Mn
Mar 31, 2022 -716.63 Mn
Dec 31, 2021 895.32 Mn
Sep 30, 2021 345.00 Mn
Jun 30, 2021 1.15 Bn
Mar 31, 2021 600.99 Mn