Filing Flows › American National Group (ANG-PD) › Q3 2025
American National Group (ANG-PD) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
American National Group (ANG-PD) reported revenue of $2.1B for the third quarter 2025 (Q3 2025), +3% from a year earlier and -6% from the quarter before. Operating margin was 16.4%, net earnings $219M (10.6% of revenue).
American National Group, Q3 2025: revenue $2.1B (+3% year over year), operating margin 16.4%, net earnings $219M, operating cash flow $430M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | -6% | +3% |
| Operating profit | $337M | +76% | — |
| Net earnings | $219M | +44% | — |
| Operating cash flow | $430M | -20% | -41% |
| Free cash flow | $413M | -20% | -41% |
What changed
Revenue was $2.1B in Q3 2025, up 3% year over year and down 6% from the previous quarter.
Operating profit was $0.34B, a 16.4% margin (up 36.8 points year over year). Total costs fell 29% while revenue rose 3%. Net earnings were $0.22B. The effective tax rate was 35.3%.
Operating cash flow was $0.43B (down 41% year over year), 197% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization. Working capital and other items added $0.18B. Capital expenditures of $0.02B left free cash flow of $0.41B.
Questions
What was American National Group's revenue in the third quarter 2025?
American National Group (ANG-PD) reported revenue of $2.1B for the third quarter 2025 (Q3 2025), +3% from a year earlier and -6% from the quarter before.
Was American National Group profitable in the third quarter 2025?
Operating profit was $337M (16.4% of revenue) and net earnings $219M.