Filing Flows › American National Group (ANG-PD) › Q1 2026 › vs Q4 2025
American National Group (ANG-PD) Q1 2026 vs Q4 2025 (quarter over quarter)
American National Group's revenue rose $696M (+77%) from $904M in Q4 2025 to $1.6B in Q1 2026. Operating margin 1.2% against 13.6% (-12.4 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 Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Operating margin | 1.2% | 13.6% | -12.4 pts |
| Net margin | 0.2% | 41.0% | -40.9 pts |
| Free cash flow margin | 43.0% | 124.7% | -81.7 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.6B | $904M | $696M | +77% |
| Operating profit | $20.0M | $123M | −$103M | -84% |
| Costs & expenses | $1.6B | $781M | $799M | +102% |
| Pre-tax earnings | $20.0M | $249M | −$229M | -92% |
| Net earnings | $3.0M | $371M | −$368M | -99% |
| Income tax | $17.0M | −$122M | $139M | — |
| Depreciation & amortization | $39.0M | $45.0M | −$6.0M | -13% |
| Working capital & other | $657M | $730M | −$73.0M | -10% |
| Operating cash flow | $699M | $1.1B | −$447M | -39% |
| Free cash flow (OCF − capex) | $688M | $1.1B | −$439M | -39% |
| Capital expenditures | $11.0M | $19.0M | −$8.0M | -42% |
Questions
How much did American National Group's revenue grow quarter over quarter in Q1 2026?
American National Group's revenue rose $696M (+77%) from $904M in Q4 2025 to $1.6B in Q1 2026. Operating margin 1.2% against 13.6% (-12.4 pts).