V
Velarion™Intelligence
Sign InFree TrialBook a Walkthrough

American National Group Executive Compensation (FY22)

ANG-PD · Executive and director compensation, fiscal 2022 only
Chief executive, fiscal 2022
◇
Anant Bhalla
Latest say-on-pay support
=
June 10, 2022
Chief executive pay ratio
◇
To the median employee
Velarion Member: every covered company in one industry, with dashboards, peer screens and board-ready briefs. Three seats, one year.
Email me this page as a cited PDF — sent in 2 minutes
The same figures, the same citations, formatted to hand to a committee. Nothing is added that is not on this page.
Your address is used for this and nothing else. Unsubscribe in one click.

The paid brief on American National Group

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
Data as of October 21, 2026Latest filing (DEF 14A): April 28, 2023
8 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
American National Group brief$1,500Get the executive brief
Velarion Member, one year
201 figures on this page: 194 cited to the filing that reported them, 7 calculated from figures it prints. See the citations

More on American National Group

Five data products on this company. Each one is requested through the developer setup page.

Frequently asked questions

Answers drawn from the data on this page.
Who is American National Group's chief executive and what were they paid?
Anant Bhalla, Chief Executive Officer & President, received $46,595,558 in total compensation for fiscal 2022.
What was American National Group's say-on-pay result?
For fiscal 2021, shareholders backed the say-on-pay proposal with 96.7% of votes cast for or against in favor at the meeting held June 10, 2022.
Which companies are in American National Group's peer group?
The disclosed peer group names Affiliated Managers Group, Inc., AllianceBernstein Holding L.P., American Financial Group, Inc., Brighthouse Financial, Inc. and CNO Financial Group, Inc., among others.
What is American National Group's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2022 is 466:1.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Anant Bhalla
Chief Executive Officer & President
◇—◇—◇—◇◇
Axel André
Executive Vice President & Chief Financial Officer
◇—◇—◇—◇◇
James Hamalainen
Executive Vice President & Chief Investment Officer
◇—◇—◇—◇◇
Phyllis Zanghi
Former EVP, Chief Legal /Strategy Officer, & Sec'y
Departed during or after this year
◇—◇—◇—◇◇
Jeffrey Lorenzen
Executive Vice President & Chief Risk Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2022
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Anant BhallaRSU◇——◇——◇
Anant BhallaRSU◇——◇——◇
Anant BhallaRSU◇——◇——◇
Anant BhallaPSU◇◇◇—◇—◇
Axel AndréRSU◇——◇——◇
Axel AndréRSU◇——◇——◇
Axel AndréPSU◇◇◇—◇—◇
Axel AndréRSU◇——◇——◇
James L. HamalainenPSU◇◇◇—◇—◇
James L. HamalainenRSU◇——◇——◇
James L. HamalainenRSU◇——◇——◇
James L. HamalainenRSU◇——◇——◇
Jeffrey D. LorenzenRSU◇——◇——◇
Jeffrey D. LorenzenRSU◇——◇——◇
Jeffrey D. LorenzenPSU◇◇◇—◇—◇
Jeffrey D. LorenzenRSU◇——◇——◇
Phyllis J. ZanghiRSU◇——◇——◇
Phyllis J. ZanghiRSU◇——◇——◇
Phyllis J. ZanghiRSU◇——◇——◇
Phyllis J. ZanghiPSU◇◇◇—◇—◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2022 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Anant BhallaRSU◇◇——
PSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Axel AndréPSU◇◇——
RSU◇◇——
Option◇—◇—
Phyllis ZanghiPSU◇◇——
RSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
Jeffrey LorenzenRSU◇◇——
Option◇—◇—
Option◇—◇—
PSU◇◇——
Option◇—◇—
James HamalainenOption◇—◇—
PSU◇◇——
Option◇—◇—
Option◇—◇—
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2022
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David S. Mulcahy
Board chair
◇◇————◇
Brenda J. Cushing
◇◇————◇
Douglas T. Healy
◇◇————◇
Alan D. Matula
◇◇————◇
Robert L. Howe
◇◇————◇
Gerard D. Neugent
◇◇————◇
Joyce A. Chapman
◇◇————◇
William R. Kunkel
◇◇————◇
Michael E. Hayes and Anant Bhalla served on the board in fiscal 2022 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Equity is delivered as Restricted Stock.
Stock ownership guideline: 3x annual cash retainer ($300,000)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2022
  • Affiliated Managers Group, Inc. AMG
  • AllianceBernstein Holding L.P. AB
  • American Financial Group, Inc. AFG
  • Brighthouse Financial, Inc. BHF
  • CNO Financial Group, Inc. CNO
  • Franklin Resources, Inc. BEN
  • Globe Life Inc. GL
  • Horace Mann Educators Corporation HMN
  • Invesco Ltd. IVZ
  • Kemper Corporation KMPR
  • Lincoln National Corporation LNC
  • Primerica, Inc. PRI
  • Reinsurance Group of America, Incorporated RGA
  • Voya Financial, Inc. VOYA

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2021June 10, 2022=◇◇◇
2020June 10, 2021=◇◇◇
2019June 4, 2020=◇◇◇
2018June 6, 2019=◇◇◇
2017June 7, 2018=◇◇◇
2016June 1, 2017=◇◇◇
2015June 2, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Chief executive total compensation
◇

Velarion Pro: every company page, peer tools and exports, one seat

One seat, one person. It opens the whole platform: the peer tools, the written analysis and the exports, on every company we cover. Join the list and you will hear from us when it opens.
Your address is used for this and nothing else, and you can unsubscribe in one click. See the privacy policy.

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Anant Bhalla (Chief Executive Officer & President), FY2022 total compensation $46,595,558 (base salary $1,000,000) [exec_comp, SEC accession 0001039828-23-000066, filed 2023-04-28]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

Tell me when American National Group files
You get a note when this company’s compensation data changes.
Your address is used for this and nothing else. Unsubscribe in one click.

What this page does not include

Everything above is a fact American National Group disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where American National Group sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Inquire about access
Multiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion Intelligence
Join the list for Peer Group Review
Whether American National Group's disclosed peer group is defensible, who names American National Group back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.

Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
201 figures on this page: 194 cited to the filing that reported them, 7 calculated from figures it prints.
194 cited to the filing
7 calculated from the filing

Documents cited

  1. 0001039828-23-000066
    CEO Pay Ratio · CEO · Director Compensation · Grants of Plan-Based Awards Table · and 2 more sections
  2. 0001039828-22-000065
  3. 0001039828-21-000059
  4. 0001039828-20-000044
  5. 0001039828-19-000037
  6. 0001039828-18-000042
  7. 0001039828-17-000073
  8. 0001039828-16-000223
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “American National Group executive compensation, FY2022.” https://intel.velarion.ai/comp/ANG-PD (accessed 2026).
Short form: data: Velarion

The paid brief for American National Group

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
8 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
Connect an AI assistant
Ask your own assistant about American National Group and roughly 3,000 other US public companies, and get back the same figures on this page with the same citations. Free read access, no account. Add this to your assistant's connector settings.
Setup guide and the full list of questions it answers

Peers American National Group discloses

The companies named in ANG-PD's own disclosed peer group.

Affiliated Managers Group, Inc.AllianceBernstein Holding L.P.American Financial Group, Inc.Brighthouse Financial, Inc.CNO Financial Group, Inc.Franklin Resources, Inc.Globe Life Inc.Horace Mann Educators CorporationInvesco Ltd.Kemper CorporationLincoln National CorporationPrimerica, Inc.Reinsurance Group of America, IncorporatedVoya Financial, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  All companies · The Pay Desk · Methodology · Terms · Privacy