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American National Group (ANG-PD) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · American National Group (ANG-PD) Q2 2026 earnings results →
Q2 2026 Revenue up 2% year over year to $1.7B · 12¢ of every $1 of revenue kept as net profit · operating margin 16.4%
American National Group made $1.7B in Q2 2026 (+2% Y/Y). Operating margin 16.4%, net earnings $204M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $1.7B in Q2 2026, up 1% year over year and up 7% from the previous quarter.
Operating profit was $0.28B, a 16.4% margin (up 8.1 points year over year). Of the extra revenue versus Q2 2025, 564% reached operating profit, above the 8% margin then. Total costs fell 8% while revenue rose 1%. Net earnings were $0.20B, up 34% year over year. The effective tax rate was 25.7%.
Operating cash flow was $0.69B (up 29% year over year), 332% of net earnings. Working capital and other items added $0.48B. Capital expenditures of $0.02B left free cash flow of $0.67B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 13, 2026 | $1.7B | +2% | 16.4% | $204M | $691M |
| Q1 2026 | 10-Q | May 14, 2026 | $1.6B | -15% | 1.2% | $3.0M | $699M |
| Q4 2025 | 10-K | Mar 31, 2026 | $904M | -48% | 13.6% | $368M | $1.1B |
| Q3 2025 | 10-Q | Nov 13, 2025 | $2.1B | +3% | 16.4% | $219M | $430M |
| Q2 2025 | 10-Q | Aug 13, 2025 | $2.2B | +3% | 8.8% | $152M | $535M |
| Q1 2025 | 10-Q | May 15, 2025 | $2.3B | +40% | -11.0% | −$203M | $671M |
| Q4 2024 | 10-K | Mar 31, 2025 | $3.7B | +146% | 22.0% | $649M | $418M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About American National Group
American National Group Inc., together with its subsidiaries (collectively, “ANGI”, “we”, “our”, “us”, or the “Company”), is focused on being a source of certainty for individuals and institutions through a range of insurance and retirement services. Our business is presently conducted through our subsidiaries under two operating segments, which we refer to as our Annuities and Life Insurance segments. We conduct our business in 50 states, the District of Columbia, Bermuda, Guam, and Puerto Rico. Throughout this report, unless otherwise specified or the context otherwise requires, all references to "ANGI", the "Company", "we", "our" and similar references are to American National Group Inc. and its consolidated subsidiaries.
In its own words, from its 10-K, filed Mar 31, 2026.
American National Group against its Life Insurance peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median +8%. Operating margin: 16.4% against the peers' median 11.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| ANG-PD American National Group | Q2 2026 | $1.7B | +2% | 16.4% |
| MET Metlife | Q3 2026 | $20.5B | +18% | 8.9% |
| PRU Prudential Financial | Q3 2026 | $14.4B | -19% | 11.4% |
| Metropolitan Life Insurance | Q2 2026 | $9.6B | +2% | 6.0% |
| RGA Reinsurance Group of America | Q3 2026 | $7.5B | +22% | 8.3% |
| CRBG Corebridge Financial | Q3 2026 | $6.2B | +14% | 37.7% |
| LNC Lincoln National | Q3 2026 | $5.5B | +20% | 31.7% |
| Lincoln National Life Insurance | Q2 2026 | $4.3B | +8% | 25.2% |
| ATH-PA Athene Holding | Q3 2026 | $3.1B | -62% | -56.7% |
Source: American National Group 10-Q on SEC EDGAR · CIK 1039828 · Life Insurance
More on ANG-PD
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results