Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data American National Group Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
2,220
3,892
1,547
3,464
2,425
3,690
1,414
3,395
7,519
7,487
Operating expenses
430
701
725
Interest expense
28.2
30.4
25.5
25.5
25.6
25.6
32.1
99
165
183
Pre-tax income
130
316
566
316
816
703
2,432
452
370
394
Income tax
47
142
108
69.5
145
150
511
43
-199
-20
Income from continuing operations
409
569
414
Net income to minority interests
0
0
0.36
5
-49
Net income
83.2
175
458
246
671
553
1,920
392
729
533
EPS, basic
1.16
2.32
6.01
3.20
8.21
5.43
20.72
2.10
EPS, diluted
1.15
2.29
5.93
3.17
8.17
5.39
20.50
2.06
Shares, basic (weighted)
71.6
75.1
76.3
76.9
77.7
93.9
90.6
79.5
Shares, diluted (weighted)
72.3
76.2
77.2
77.5
78
94.5
91.5
81
Dividend per share
0.28
0.31
0.33
0.36
0.38
0.34
0.36
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
791
1,434
344
2,293
9,096
4,509
1,920
3,192
10,867
11,660
Short-term investments
2,397
4,177
600
Property, plant and equipment
168
154
161
Goodwill
44
86
86
748
748
Intangible assets
44
1,526
1,501
Total assets
56,053
62,031
61,626
69,697
71,689
78,349
73,184
35,885
121,221
130,257
Total liabilities
53,762
59,181
59,226
65,126
65,340
72,026
70,813
29,986
111,193
120,588
Total debt
1,493
2,957
2,951
Paid-in capital
770
791
811
1,212
1,681
1,614
1,325
5,185
7,569
6,404
Retained earnings
1,093
1,245
1,550
1,769
2,369
2,767
4,686
716
1,356
1,759
Other comprehensive income
340
725
-52.4
1,498
2,204
1,849
-3,746
-109
340
1,094
Shareholders' equity
2,292
2,850
2,405
4,427
6,349
6,323
2,350
3,023
Minority interests
0
21.2
107
78
120
Total equity
2,292
2,850
2,405
4,427
6,349
7,002
3,755
5,899
10,028
9,669
Total liabilities and equity
56,053
62,031
61,626
69,697
71,689
78,349
73,184
35,885
121,221
130,257
Shares outstanding
74.3
75.4
76.3
76.9
80.8
92.5
84.8
79.3
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
83.2
175
458
246
671
553
1,921
397
680
540
Depreciation and amortization
19
76
170
Stock-based compensation
6.69
6.46
11.1
11.3
10.2
24.6
15.8
29.3
Deferred income tax
-10.4
-46.7
-12.6
56.9
141
149
491
49
-264
89
Cash from operations
1,416
1,924
43.2
3,351
1,305
4,233
2,044
1,186
2,522
2,782
Capital expenditures
-1.2
-4.81
-4.28
-4.02
-13.2
-18.1
-41
-50.1
-37
-61
Acquisitions
0
8,015
58
Purchases of investments
-6,884
-5,027
-6,852
-5,509
-2,429
-9,207
-8,895
-2,124
-8,618
-17,221
Sales and maturities of investments
1,700
1,200
1,400
2,300
2,900
3,700
2,800
2,100
5,288
8,389
Cash from investing
-4,501
-2,593
-2,408
-3,055
5,135
-6,224
-2,455
-1,301
2,520
-9,746
Stock issued
140
14
9.68
1.69
338
4.85
254
0
0
Share buybacks
0
0
0
0
-165
-99.4
-567
-309
Dividends paid
-21.1
-23.1
-25.3
-27.3
-28.9
-31.5
-30.2
0
-33
-49
Cash from financing
3,478
1,312
1,275
1,652
363
-2,595
-2,178
1,918
3,096
7,294
Net change in cash
394
643
-1,090
1,949
6,802
-4,587
-2,589
1,803
8,138
330
Free cash flow
1,415
1,919
38.9
3,347
1,292
4,215
2,003
1,136
2,485
2,721
Interest paid
39.6
55.4
39.6
42.9
31.4
30
36.3
99
153
158
Income taxes paid
39.1
143
181
28.4
4.84
166
4.87
47
389
-17
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $24.09 on September 28, 2026.
Profitability
Metric
Value
How it is calculated
Pre-tax margin
10.5%
Pre-tax income / revenue.
Net margin
10.9%
Net income / revenue.
Effective tax rate
11.3%
Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)
0.6%
Net income / average total assets.
Capex / revenue
0.9%
Capital expenditures / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-0.4%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
74.3%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
25.3%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y
-26.9%
Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y
-34.8%
Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y
-4.5%
Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y
10.3%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y
10.8%
Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y
16.3%
Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y
9.5%
Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y
10.8%
Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y
16.1%
Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
7.5%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
21.2%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
12.7%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Debt / assets
2.2%
Total debt / total assets.
Liabilities / assets
93.4%
Total liabilities / total assets.
Net debt
-$5.94B
Total debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets
1.7%
(Goodwill + intangible assets) / total assets.
Efficiency
Metric
Value
How it is calculated
Asset turnover
0.05x
Revenue / average total assets.
Fixed asset turnover
103x
Revenue / average property, plant and equipment.
Per share
Metric
Value
How it is calculated
Payout ratio
3.9%
Dividends paid / net income, when net income is positive.
Valuation
Metric
Value
How it is calculated
Market cap
$240.9K
Share price x shares outstanding.
Enterprise value
-$5.94B
Market cap + total debt - cash - short-term investments.
P/E
0.00x
Market cap / net income. Only when net income is positive.
P/S
0.00x
Market cap / revenue.
Earnings yield
327,937.0%
Net income / market cap (the inverse of P/E).
Dividend yield
12,868.0%
Dividends paid over the period / market cap.
Shareholder yield
12,868.0%
(Dividends paid + share buybacks) / market cap.
What was American National Group Inc.'s revenue in fiscal 2025?
American National Group Inc. reported revenue of $7.49B for fiscal 2025, 0.4% lower than the year before.
Was American National Group Inc. profitable in fiscal 2025?
Yes. Net income was $533.0M, a net margin of 7.1%.
How much free cash flow did American National Group Inc. generate in fiscal 2025?
Cash from operations of $2.78B minus capital expenditures of $61.0M left free cash flow of $2.72B.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.