| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Cash and cash equivalents at beginning of period | 11,330 | - |
| Net income (loss) | 169 | -49 |
| Other policy revenue | 502 | 321 |
| Accretion on investments | 551 | 412 |
| Amortization of deferred policy acquisition costs, deferred sales inducements and value of business acquired | 995 | 650 |
| Deferral of policy acquisition costs | 1,164 | 722 |
| Gains on investments and derivatives | 312 | -78 |
| Other losses (gains) | -16 | 3 |
| Provisions for credit losses | 44 | -3 |
| Income from real estate partnerships, investment funds and corporations | 278 | 164 |
| Distributions from real estate partnerships, investment funds and corporations | 237 | - |
| Interest credited to policyholders' account balances | 1,520 | 997 |
| Change in fair value of embedded derivatives | -389 | -228 |
| Depreciation and amortization | 122 | 84 |
| Deferred income taxes | 138 | 42 |
| Insurance-related liabilities | 678 | 821 |
| Premiums due and other receivables | 62 | - |
| Funds withheld for reinsurance liabilities | 238 | 156 |
| Reinsurance recoverables and deposit assets | -761 | -419 |
| Distributions from real estate partnerships, investment funds and corporations | - | 177 |
| Accrued investment income | 25 | -26 |
| Premiums due and other receievables | - | 26 |
| Working capital and other | 301 | 460 |
| Cash flows provided by operating activities | 1,636 | 1,206 |
| Acquisition of subsidiary, net of cash acquired | 0 | -6 |
| Available-for-sale fixed maturity securities | 13,018 | 6,074 |
| Equity securities | 73 | 57 |
| Mortgage loans on real estate | 984 | 581 |
| Private loans | 2,422 | 1,611 |
| Investment real estate and real estate partnerships | 1,144 | 1,053 |
| Investment funds | 1,848 | - |
| Short-term investments | 11,363 | 10,838 |
| Other invested assets | 235 | 78 |
| Available-for-sale fixed maturity securities | 6,749 | 4,881 |
| Equity securities | 84 | 0 |
| Mortgage loans on real estate | 2,114 | 1,543 |
| Private loans | 956 | 778 |
| Investment real estate and real estate partnerships | 90 | 65 |
| Investment funds | 317 | - |
| Short-term investments | 13,880 | 10,793 |
| Other invested assets | 258 | 196 |
| Purchases of derivatives | 714 | 465 |
| Proceeds from sales and maturities of derivatives | 813 | - |
| Purchase of intangibles and property and equipment | 42 | 25 |
| Proceeds from sales of intangibles and property and equipment | 0 | 0 |
| Change in collateral held for derivatives | -75 | 306 |
| Proceeds from sales and maturities of derivatives | - | 547 |
| Investment funds | - | 165 |
| Investment funds | - | 1,036 |
| Other | -22 | -12 |
| Cash flows provided by (used in) investing activities | -6,485 | -3,138 |
| Issuance of preferred equity | 292 | 292 |
| Redemption of preferred equity | 400 | 400 |
| Dividends paid to stockholders | 41 | 30 |
| Payments to noncontrolling interests | 0 | - |
| Borrowings from related parties | 206 | 207 |
| Repayment of borrowings to related parties | 57 | 91 |
| Borrowings from external parties | 1,222 | 711 |
| Repayment of borrowings to external parties | 700 | 700 |
| Policyholders account deposits | 12,018 | 7,417 |
| Policyholders account withdrawals | 7,485 | 4,751 |
| Debt issuance costs | 13 | 6 |
| Repayment of borrowings issued to reinsurance entities | - | -2 |
| Issuance of equity, noncontrolling interests | 64 | 62 |
| Distributions to noncontrolling interests | 19 | 7 |
| Cash flows provided by financing activities | 5,087 | 2,706 |
| Net change during the period | 238 | 774 |
| Cash and cash equivalents at end of period | 11,568 | - |
American National Group Inc. (ANG-PD)
American National Group Inc. (ANG-PD)