Filing Flows › American National Group (ANG-PD) › Q1 2026 › vs Q1 2025
American National Group (ANG-PD) Q1 2026 vs Q1 2025 (year over year)
American National Group's revenue fell $289M (-15%) from $1.9B in Q1 2025 to $1.6B in Q1 2026. Operating margin 1.2% against -15.4% (+16.7 pts).
American National Group, Q1 2026: revenue $1.6B (-15% year over year), operating margin 1.2%, net earnings $3.0M, operating cash flow $699M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Operating margin | 1.2% | -15.4% | +16.7 pts |
| Net margin | 0.2% | -10.7% | +10.9 pts |
| Free cash flow margin | 43.0% | 35.3% | +7.7 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.6B | $1.9B | −$289M | -15% |
| Operating profit | $20.0M | −$291M | $311M | — |
| Costs & expenses | $1.6B | $2.2B | −$600M | -28% |
| Pre-tax earnings | $20.0M | −$265M | $285M | — |
| Net earnings | $3.0M | −$203M | $206M | — |
| Income tax | $17.0M | −$62.0M | $79.0M | — |
| Depreciation & amortization | $39.0M | $52.0M | −$13.0M | -25% |
| Working capital & other | $657M | $822M | −$165M | -20% |
| Operating cash flow | $699M | $671M | $28.0M | +4% |
| Free cash flow (OCF − capex) | $688M | $666M | $22.0M | +3% |
| Capital expenditures | $11.0M | $5.0M | $6.0M | +120% |
Questions
How much did American National Group's revenue grow year over year in Q1 2026?
American National Group's revenue fell $289M (-15%) from $1.9B in Q1 2025 to $1.6B in Q1 2026. Operating margin 1.2% against -15.4% (+16.7 pts).