Filing Flows › American National Group (ANG-PD) › How it makes money
How American National Group (ANG-PD) makes money
American National Group (ANG-PD) made $1.7B of revenue in the second quarter 2026 (Q2 2026), +1% from a year earlier. Of every dollar of revenue, 16¢ was left as operating profit, 12¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $1.7B | 100.0% |
| Operating profit | $280M | 16.4% |
| Income tax | $72.0M | 4.2% |
| Net earnings | $204M | 12.0% |
| Operating cash flow | $691M | 40.5% |
| Free cash flow | $672M | 39.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $1.7B | +2% |
| Q1 2026 | $1.6B | -15% |
| Q4 2025 | $904M | -48% |
| Q3 2025 | $2.1B | +3% |
| Q2 2025 | $2.2B | +3% |
| Q1 2025 | $2.3B | +40% |
| Q4 2024 | $3.7B | +146% |
From American National Group's 10-Q filed Aug 13, 2026 (on EDGAR).
Questions
How does American National Group make money?
American National Group (ANG-PD) made $1.7B of revenue in the second quarter 2026 (Q2 2026), +1% from a year earlier. Of every dollar of revenue, 16¢ was left as operating profit, 12¢ was left as net earnings.
What is American National Group's profit margin?
Net earnings were $204M, 12.0% of revenue, in the second quarter 2026; the operating margin was 16.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.