American National Group Inc's Business Segments

American National Group Inc. (ANGI) and its subsidiaries operate in the insurance and retirement services industry, serving individuals and institutions. The company conducts business through two primary segments: Annuities and Life Insurance. Its operations span all 50 U.S. states, the District of Columbia, Bermuda, Guam, and Puerto Rico. The Annuities segment offers products including Fixed Index Annuities, Fixed Rate Annuities (such as annual reset, multi-year guaranteed, and single premium deferred annuities), Pension Risk Transfer products, Funding Agreements linked to a funding agreement-backed note program, and Single Premium Immediate Annuities. The Life Insurance segment provides Whole Life insurance through its insurance subsidiaries. In 2024 and 2025, ANGI underwent corporate restructuring, including mergers and reincorporation, resulting in its status as an indirect wholly-owned subsidiary of Brookfield Wealth Solutions Ltd. In 2025, the company transferred its property and casualty subsidiaries to Clearbrook Group Holdings Inc., another Brookfield subsidiary; these operations are reported as discontinued. The Annuities segment reported revenues of $7.2 billion in 2025, $6.8 billion in 2024, and $2.0 billion in 2023.

The registrant operates two reportable business segments: Annuities and Life Insurance. The Annuities segment includes retail and institutional annuities offered through the company's insurance subsidiaries. Primary products include Fixed Index Annuities, which provide policyholders with index credits based on the performance of a specified index without risk to the account value. Some products feature a premium bonus that increases the initial annuity deposit by a set rate. The company conducts business in all 50 states, the District of Columbia, Bermuda, Guam, and Puerto Rico. Through a series of mergers and reorganizations involving American Equity Investment Life Holding Company, Arches Merger Sub Inc., Brookfield Wealth Solutions Ltd., and American National Group, LLC, American National Group Inc. became an indirect, wholly-owned subsidiary of Brookfield Wealth Solutions Ltd. The company transferred its property and casualty subsidiaries to Argo Group International Holdings, Inc., renamed Clearbrook Group Holdings Inc., both wholly-owned subsidiaries of Brookfield Wealth Solutions Ltd.; these operations are reported as discontinued operations.