American National Group Inc.
American National Group Inc., through its subsidiaries, provides life insurance products in the United States. The company issues fixed index and rate annuities, as well as single premium immediate annuities. It markets its products through independent agents, including independent marketing organizations, broker/dealers, banks, and registered investment advisors. The company was formerly known a… Read more
American National Group Inc. (ANG-PA) - Net Assets
Latest net assets as of September 2024: $9.98 Billion USD
Based on the latest financial reports, American National Group Inc. (ANG-PA) has net assets worth $9.98 Billion USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($123.66 Billion) and total liabilities ($113.68 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $9.98 Billion |
| % of Total Assets | 8.07% |
| Annual Growth Rate | -21.71% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 37.99 |
American National Group Inc. - Net Assets Trend (2020–2023)
This chart illustrates how American National Group Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for American National Group Inc. (2020–2023)
The table below shows the annual net assets of American National Group Inc. from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $3.05 Billion | +28.56% |
| 2022-12-31 | $2.37 Billion | -62.51% |
| 2021-12-31 | $6.32 Billion | -0.41% |
| 2020-12-31 | $6.35 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to American National Group Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 104.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $4.85 Billion | 160.50% |
| Total Equity | $3.02 Billion | 100.00% |
American National Group Inc. Competitors by Market Cap
The table below lists competitors of American National Group Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BELLRING BRANDS DL-01
F:D51
|
$1.75 Billion |
|
Hangzhou Hangyang Co Ltd
SHE:002430
|
$1.75 Billion |
|
SOL S.p.A
LSE:0NJP
|
$1.75 Billion |
|
Bandhan Bank Limited
NSE:BANDHANBNK
|
$1.75 Billion |
|
Beijing United Information Technology Co Ltd
SHG:603613
|
$1.75 Billion |
|
Jason Furniture(Hangzhou)
SHG:603816
|
$1.75 Billion |
|
Definium Therapeutics, Inc.
NASDAQ:DFTX
|
$1.75 Billion |
|
SEPLAT ENERGY (DI) NA-50
F:134
|
$1.75 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in American National Group Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 2,349,517,000 to 3,023,260,000, a change of 673,743,000 (28.7%).
- Net income of 210,530,000 contributed positively to equity growth.
- Dividend payments of 43,675,000 reduced retained earnings.
- Share repurchases of 309,401,000 reduced equity.
- New share issuances of 20,420,000 increased equity.
- Other factors increased equity by 795,869,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $210.53 Million | +6.96% |
| Dividends Paid | $43.67 Million | -1.44% |
| Share Repurchases | $309.40 Million | -10.23% |
| Share Issuances | $20.42 Million | +0.68% |
| Other Changes | $795.87 Million | +26.32% |
| Total Change | $- | 28.68% |
Book Value vs Market Value Analysis
This analysis compares American National Group Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.67x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.38x to 0.67x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $66.33 | $25.50 | x |
| 2021-12-31 | $68.35 | $25.50 | x |
| 2022-12-31 | $27.70 | $25.50 | x |
| 2023-12-31 | $38.11 | $25.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently American National Group Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.96%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.33%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 26.43x
- Recent ROE (6.96%) is below the historical average (27.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 10.58% | 17.95% | 0.05x | 11.29x | $36.56 Million |
| 2021 | 8.75% | 13.92% | 0.05x | 12.39x | $-79.29 Million |
| 2022 | 81.73% | 53.46% | 0.05x | 31.15x | $1.69 Billion |
| 2023 | 6.96% | 13.33% | 0.02x | 26.43x | $-91.80 Million |
Industry Comparison
This section compares American National Group Inc.'s net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $33,192,867,789
- Average return on equity (ROE) among peers: 19.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| American National Group Inc. (ANG-PA) | $9.98 Billion | 10.58% | 11.39x | $1.75 Billion |
| AIA Group Ltd (AAIGF) | $45.15 Billion | 7.38% | 4.99x | $75.83 Billion |
| Atlantic American Corporation (AAME) | $105.51 Million | 2.50% | 2.02x | $10.53 Million |
| Abacus Life Inc. (ABL) | $423.29 Million | -5.66% | 1.07x | $276.35 Million |
| Abacus Global Management, Inc. (ABX) | $28.15 Million | 112.55% | 1.10x | $83.72K |
| Aflac Incorporated (AFL) | $3.87 Billion | 14.76% | 8.58x | $55.14 Billion |
| Anadolu Hayat Emeklilik Anonim Sirketi (AUHYF) | $1.88 Billion | 37.14% | 26.33x | $90.55 Million |
| Brighthouse Financial Inc (BHF) | $242.81 Billion | -0.43% | 0.02x | $3.36 Billion |
| Challenger Limited (CFIGF) | $4.16 Billion | 6.90% | 6.44x | $1.66 Billion |
| Citizens Inc (CIA) | $300.94 Million | -3.65% | 5.13x | $208.88 Million |