American National (ANG-PD) Stock Price, Financials & Analysis

Key Stats

Market Cap1.73 Bn

P/E2.29

FCF (Yr)1.47 Bn

ROA (Yr)0.43

EV to EBIT-45.17

Net Income (Yr)540.00 Mn

Enterprise Value-42.05 Bn

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About

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…

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.

How American National ranks

Ranked against the 126 companies in Insurance58 metrics · as of Nov 6, 2026

Valuation

12 metrics · Lower multiples rank higher; a negative multiple ranks last

P/E 2.28xMedian 10.9x 99^th
P/FCFImplausibly low multiple 0.82xMedian 8.29x Not meaningful —
P/Operating cash flowImplausibly low multiple 0.59xMedian 7.73x Not meaningful —
P/S 0.28xMedian 1.39x 95^th
P/B 0.20xMedian 1.49x 94^th
P/Tangible book 0.24xMedian 1.51x 94^th
EV/EBITDANet cash exceeds market value −3.87xMedian 7.11x Not meaningful —
EV/EBITNet cash exceeds market value −4.52xMedian 7.82x Not meaningful —
EV/RevenueNet cash exceeds market value −0.67xMedian 1.25x Not meaningful —
EV/FCFNet cash exceeds market value −1.98xMedian 8.31x Not meaningful —
EV/Operating cash flowNet cash exceeds market value −1.42xMedian 8.13x Not meaningful —
PEG (3Y EPS CAGR) 0.42Median 0.62 58^th

Growth

14 metrics · Year-on-year growth and three-year compound annual growth

Revenue growth (1Y) −14.2%Median 7.4% 5^th
Revenue CAGR (3Y) 23.9%Median 8.4% 86^th
Gross profit growth (1Y) 24.4%Median 10.8% 76^th
Gross profit CAGR (3Y) 21.7%Median 12.1% 72^nd
Operating income growth (1Y) 213%Median 11.1% 89^th
Operating income CAGR (3Y) 21.8%Median 17.8% 54^th
Net income growth (1Y) 202%Median 16.8% 92^nd
Net income CAGR (3Y) 23.7%Median 15.7% 61^st
EPS growth (1Y) 209%Median 18.6% 93^rd
EPS CAGR (3Y) 5.4%Median 18.7% 24^th
Operating cash flow growth (1Y) 26.2%Median 10.7% 68^th
Operating cash flow CAGR (3Y) 8.4%Median 15.4% 36^th
Free cash flow growth (1Y) −9.2%Median 10.8% 29^th
Free cash flow CAGR (3Y) 32.2%Median 16.9% 69^th

Profitability

14 metrics · Margins, returns on capital and the quality of earnings

Gross margin 84.5%Median 55.0% 86^th
EBITDA margin 17.3%Median 17.1% 51^st
Operating margin 14.9%Median 16.0% 45^th
Pretax margin 12.1%Median 13.9% 42^nd
Net margin 12.0%Median 11.1% 56^th
FCF margin 33.9%Median 18.0% 80^th
Operating cash flow margin 47.3%Median 19.0% 89^th
Return on equity 8.9%Median 13.9% 28^th
Return on assets 0.6%Median 3.3% 20^th
Return on invested capital 6.9%Median 11.9% 35^th
Return on capital employed —Median 9.7% No data —
Asset turnover 0.05xMedian 0.26x 9^th
Cash conversion (OCF / net income) 3.70xMedian 1.52x 88^th
Stock comp / revenue —Median 1.0% No data —

Financial Health

11 metrics · Leverage, liquidity and solvency; less debt ranks higher

Debt / assets 2.2%Median 5.8% 78^th
Debt / equity 0.34xMedian 0.29x 38^th
Net debt / EBITDA −5.47xMedian −0.15x 93^rd
Debt / FCF 1.39xMedian 1.20x 45^th
Liabilities / assets 93.4%Median 77.0% 15^th
Equity / assets 6.6%Median 23.0% 15^th
Interest coverage 5.14xMedian 8.16x 36^th
Current ratio —Median 1.46x No data —
Quick ratio —Median 0.69x No data —
Cash ratio —Median 0.27x No data —
Altman Z-score —Median 1.72 No data —

S.No.	Ticker	Company	Market Cap	P/E	P/S	Total Debt (Qtr)
1	CB	Chubb Ltd	140.76 Bn	12.54	2.28	19.09 Bn
2	PGR	Progressive Corp/Oh/	132.42 Bn	11.39	1.44	8.39 Bn
3	MRSH	Marsh & Mclennan Companies, Inc.	97.25 Bn	24.07	3.42	20.53 Bn
4	TRV	Travelers Companies, Inc.	81.75 Bn	9.81	1.67	9.81 Bn
5	MFC	Manulife Financial Corp	73.54 Bn	16.51	1.70	45.99 Bn
6	AJG	Arthur J. Gallagher & Co.	72.19 Bn	42.49	4.41	12.74 Bn
7	AON	Aon plc	71.05 Bn	18.07	4.02	28.04 Bn
8	ANG-PD	American National Group Inc.	1.73 Bn	2.29	0.28	2.96 Bn

S.No.

Ticker

Company

Market Cap

P/E

P/S

Total Debt (Qtr)

Chubb Ltd

140.76 Bn

12.54

2.28

19.09 Bn

PGR

Progressive Corp/Oh/

132.42 Bn

11.39

1.44

8.39 Bn

MRSH

Marsh & Mclennan Companies, Inc.

97.25 Bn

24.07

3.42

20.53 Bn

TRV

Travelers Companies, Inc.

81.75 Bn

9.81

1.67

9.81 Bn

MFC

Manulife Financial Corp

73.54 Bn

16.51

1.70

45.99 Bn

AJG

Arthur J. Gallagher & Co.

72.19 Bn

42.49

4.41

12.74 Bn

AON

Aon plc

71.05 Bn

18.07

4.02

28.04 Bn

ANG-PD

American National Group Inc.

1.73 Bn

2.29

0.28

2.96 Bn

American National ANG-PD

About

How American National ranks

Valuation

Growth

Profitability

Financial Health

Shareholder Returns

Peer Comparison

American National ANG-PD

About

How American National ranks

Valuation

Growth

Profitability

Financial Health

Shareholder Returns

Peer Comparison

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