ang-pa: the income statement

MyFinsight

ANG-PA

For the quarter ending 2024-09-30, ANG-PA made $2,004M in revenue. -$299M in net income. Net profit margin of -14.92%.

Unit: Million (M) dollars (except for numbers of shares and EPS)

	2024-09-30	2024-06-30
Total revenues	2,004	2,115
Policyholder benefits and claims incurred	846	1,030
Operating expenses	228	335
Change in fair value of market risk benefits	-134	-139
Interest expense	49	43
Change in fair value of insurance-related derivatives and embedded derivatives	-344	-21
Interest sensitive contract benefits	523	390
Amortization of deferred policy acquisition costs, deferred sales inducements and value of business acquired	289	199
Total benefits and expenses	2,413	2,157
Net income (loss) before income taxes	-409	-42
Income tax expense (benefit)	-77	-289
Net income (loss)	-332	247
Less net income (loss) attributable to noncontrolling interests	-44	3
Net income (loss) attributable to american national group inc. stockholders	-288	244
Less preferred stock dividends	11	-
Net income (loss) attributable to american national group inc. common stockholder	-299	244

Unit: Million (M) dollars (except for numbers of shares and EPS)