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| Date | Value |
|---|---|
| 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 |