American National Group Inc. is focused on being a source of certainty for individuals and institutions through a range of insurance and retirement services. The company operates through its subsidiaries in all fifty states the District of Columbia Bermuda Guam and Puerto Rico providing annuity and life insurance products.

Revenue comes from premiums on fixed index annuities fixed rate annuities pension risk transfer funding agreements and single premium immediate annuities as well as from whole life universal life and variable universal life policies.

The company operates through the following segments: Annuities and Life Insurance.

• Annuities: This segment offers retail and institutional annuities including fixed index annuities fixed rate annuities such as multi year guaranteed annuities and single premium deferred annuities pension risk transfer transactions funding agreements and single premium immediate annuities generating $7.2 billion in revenue for 2025 $6.8 billion for 2024 and $2.0 billion for 2023.

• Life Insurance: This segment provides whole life universal life and variable universal life policies with the company having ceased issuing new policies through multiple line and independent agent channels after May 31 2025 while continuing offerings through its career agent channel generating $603 million in revenue for 2025 $1.0 billion for 2024 and $1.2 billion for 2023.

The company operates in a highly competitive insurance market where it faces competition from large national carriers regional insurers financial institutions and alternative asset managers. Competitive advantages stem from its strong financial strength ratings reflected in A ratings from A M Best and Fitch and BBB ratings from S&P which support its ability to meet policyholder obligations and access funding. Additionally its relationship with Brookfield Asset Management provides access to high quality alternative investments that match its long term liabilities.

The company serves individuals seeking retirement and life insurance protection as well as institutional clients such as corporate pension plans special purpose trusts and other financial intermediaries that purchase funding agreements or engage in pension risk transfer transactions.