American National Group (AEL) to redeem Series B preferred and delist depositary shares

Rhea-AI Filing Summary

American National Group Inc. reported that it will fully redeem all 12,000 outstanding shares of its 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series B on October 6, 2025. This redemption also covers the corresponding 12,000,000 depositary shares, each representing a 1/1,000th interest in one share of Series B preferred stock. The company also announced its intent to delist and deregister these depositary shares, meaning they will no longer trade on the New York Stock Exchange once the process is completed.

Insights

Capital structure and securities analyst

Company is redeeming an entire preferred stock series and delisting related depositary shares.

American National Group Inc. plans to redeem all 12,000 shares of its 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series B, along with 12,000,000 related depositary shares on October 6, 2025. This retires that specific layer of preferred capital and ends distributions on that series after redemption.

The company also intends to delist and deregister the depositary shares from the New York Stock Exchange, removing them as a publicly traded security. The impact on the broader business depends on factors not detailed here, such as funding costs and alternative capital sources, so the development is best viewed as a targeted capital structure adjustment rather than a transformative event.

false 0001039828 0001039828 2025-09-05 2025-09-05 0001039828 us-gaap:SeriesBPreferredStockMember 2025-09-05 2025-09-05 0001039828 us-gaap:SeriesDPreferredStockMember 2025-09-05 2025-09-05 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 5, 2025 

AMERICAN NATIONAL GROUP INC.

(Exact name of registrant as specified in its charter)

Delaware		001-31911		42-1447959
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

One Moody Plaza

Galveston, Texas 77550

(Address of principal executive offices and zip code)

(888) 221-1234

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Depositary Shares, each representing a 1/1,000th interest in a share of 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series B		ANG PRB		New York Stock Exchange
Depositary Shares, each representing a 1/1,000th interest in a share of 7.375% Fixed-Rate Non-Cumulative Preferred Stock, Series D		ANG PRD		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 8.01 Other Events.

On September 5, 2025, American National Group Inc. issued a press release announcing the full redemption on October 6, 2025 of all the 12,000 outstanding shares of its 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series B (the “Series B Preferred Stock”) and the corresponding 12,000,000 depositary shares, each representing a 1/1,000th interest in one share of Series B Preferred Stock (the “Depositary Shares”), and its intent to delist and deregister the Depositary Shares. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d)          Exhibits

Exhibit No.	Description
99.1	Press Release dated September 5, 2025.
104	Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	AMERICAN NATIONAL GROUP INC.
Date: September 5, 2025	By:	/s/ Reza Syed
		Reza Syed
		Chief Financial Officer & Executive Vice President

FAQ

What did American National Group Inc. (AEL) announce in this 8-K?

American National Group Inc. announced the full redemption of all 12,000 outstanding shares of its 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series B, and the corresponding 12,000,000 depositary shares, effective October 6, 2025.

Which specific security is being redeemed by American National Group Inc. (AEL)?

The company is redeeming its 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series B, along with 12,000,000 depositary shares, each representing a 1/1,000th interest in one share of that Series B preferred stock.

When will the Series B preferred stock of American National Group Inc. be fully redeemed?

The full redemption of all 12,000 outstanding shares of Series B preferred stock, and the related 12,000,000 depositary shares, is scheduled for October 6, 2025.

What happens to the American National Group Inc. depositary shares after redemption?

American National Group Inc. intends to delist and deregister the 12,000,000 depositary shares tied to the Series B preferred stock, so they will no longer be listed on the New York Stock Exchange once that process is completed.

Which exchanges and symbols are associated with American National Group Inc. preferred depositary shares?

The filing lists depositary shares representing 1/1,000th interests in Series B and Series D preferred stock, trading on the New York Stock Exchange under the symbols ANG PRB and ANG PRD, respectively.

Did American National Group Inc. provide more details about the preferred stock redemption?

Additional details are included in a press release dated September 5, 2025, which is attached as Exhibit 99.1 and incorporated by reference.