American National Insurance Company: Difference between revisions

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			{{Short description\|U.S. financial service company}}
	{{Infobox company		{{Infobox company
	\| name = American National ~~Insurance Company~~, Inc		\| name = American National Group, Inc.
			\| logo =
	\| logo = American National Insurance Company Logo.png
	\| logo_size =		\| logo_size =
			\| logo_upright =
⚫	\| type = ]
			\| image_size =
⚫	\| traded_as = {{NASDAQ\|ANAT}}~~<br />~~]
		⚫	\| type = ]
		⚫	\| traded_as = {{ubl\|{{NASDAQ was\|ANAT}}\|] component}}
	\| company_slogan =		\| company_slogan =
	\| ~~foundation~~ = 1905		\| founded = {{Start date and age\|1905}}
	\| location = ]<br />], ]		\| location = ]<br />], U.S.
	\| key_people = Ross Rankin Moody, ~~Chairman~~ of the ~~Board~~<br/>~~James~~ ~~Pozzi,~~ President & CEO		\| key_people = Ross Rankin Moody (])<br/>Tim Walsh (] & ])
	\| num_employees = 4,~~621~~<ref>{{Cite web\|url=http://fortune.com/fortune500/american-national-insurance/\|title=American National Insurance\|website=Fortune\|access-date=2019-02-15}}</ref>		\| num_employees = 4,600<ref>{{Cite web\|url=http://fortune.com/fortune500/american-national-insurance/\|title=American National Insurance\|website=Fortune\|access-date=2019-02-15}}</ref>
	\| num_employees_year = ~~2017~~		\| num_employees_year = 2020
	\| industry = ] ]		\| industry = {{ubl\|]\|]}}
	\| products = ] ] ]s ]		\| products = ], ], ]s, ]
	\| revenue = {{~~profit}}]3~~.~~411~~ ~~Billion~~ ~~<small>~~(~~''FY 2017''~~)~~</small>~~<ref>{{cite web \|url=https://www.sec.gov/Archives/edgar/data/904163/000119312518064370/d371918d10k.htm#tx371918_8\|title=American National Insurance Company - Form-10K\|access-date=March 10, 2019}}</ref>		\| revenue = {{US$\|4.391 billion\|link=yes}} (2021)<ref>{{cite web \|url=https://www.sec.gov/Archives/edgar/data/904163/000119312518064370/d371918d10k.htm#tx371918_8 \|title=American National Insurance Company - Form-10K \|access-date=March 10, 2019}}</ref>
	\| net_income = ~~{{profit}}]496~~ ~~Million~~ ~~<small>~~(~~''FY 2017''~~)~~</small>~~		\| net_income = US$467.5 million (2020)
	\| assets = ~~{{increase}}]26~~.3 ~~Billion~~ ~~<small>~~(~~''FY 2017''~~)~~</small>~~		\| assets = US$29.5 billion (2020)
	\| equity = ~~{{increase}}]5~~.2 ~~Billion~~ ~~<small>~~(~~''FY 2017''~~)~~</small>~~		\| equity = US$6.6 billion (2020)
	\| ~~homepage~~ =		\| website = {{URL\|americannational.com}}
			\| owner = ] Reinsurance
	}}		}}

	'''American National Insurance Company''' ('''ANICO''') is a major ] ] ] based in ]. The company and its subsidiaries operate in all 50 U.S. states and ].		'''American National Insurance Company''' ('''ANICO''') is a major American ] ] based in ]. The company and its subsidiaries operate in all 50 U.S. states and ].

	==Company description==		==Company description==
	American National was founded in 1905 by Galveston businessman ] Today the company offers a wide array of insurance products and services including life insurance, ], health insurance, property and casualty insurance, ], and pension plan services. Through its subsidiary, ANREM, the company founded and developed the large-scale housing development, South Shore Harbour, in ].<ref name="chron1">{{cite news\|url=http://www.chron.com/CDA/archives/archive.mpl?id=1991_784010\|title=League City site in midst of boom/South Shore Harbour is hot\|author=Bivins, Ralph~~\|first=~~\|date=1991-05-19\|work=]\|~~accessdate~~=2011-02-25\|archive-url=https://web.archive.org/web/20121012214146/http://www.chron.com/CDA/archives/archive.mpl?id=1991_784010\|archive-date=October 12, 2012}}</ref>		American National was founded in 1905 by Galveston businessman ] Today the company offers a wide array of insurance products and services including life insurance, ], health insurance, property and casualty insurance, ], and pension plan services. Through its subsidiary, ANREM, the company founded and developed the large-scale housing development, South Shore Harbour, in ].<ref name="chron1">{{cite news\|url=http://www.chron.com/CDA/archives/archive.mpl?id=1991_784010\|title=League City site in midst of boom/South Shore Harbour is hot\|author=Bivins, Ralph\|date=1991-05-19\|work=]\|access-date=2011-02-25\|archive-url=https://web.archive.org/web/20121012214146/http://www.chron.com/CDA/archives/archive.mpl?id=1991_784010\|archive-date=October 12, 2012}}</ref>

	Although a ], the majority of the stock ~~continues~~ ~~to be~~ controlled by the Moody family through the ] and Libby Shearn Moody Trust, which are administered by the ] of the family owned ].<ref name=nasdaq2>{{cite web\|url=http://www.nasdaq.com/asp/Holdings.asp?mode=&kind=&timeframe=&intraday=&charttype=&splits=&earnings=&movingaverage=&lowerstudy=&comparison=&index=&symbol=ANAT&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&FormType=&mkttype=&pathname=&page=holdingssummary&selected=ANAT\|work=]\|title=NASDAQ Ownership Summary for ANAT}}</ref><ref>{{cite web\|url=http://www.moodyf.org/downloads/annual-financials-2004-5.pdf \|archive-url=https://web.archive.org/web/20090529203656/http://www.moodyf.org/downloads/annual-financials-2004-5.pdf \|url-status=dead \|archive-date=2009-05-29 \|work=Moody Foundation \|title=Moody Foundation 2005 Annual Report }}</ref><ref>{{cite web\|url=https://www.sec.gov/Archives/edgar/data/904163/000109690602000701/0001096906-02-000701.txt\|work=Securities and Exchange Commission\|title=ANICO General statement of beneficial ownership filing}}</ref><ref>{{cite web\|url=http://www.secinfo.com/dREkr.33.a.htm\|work=Securities and Exchange Commission\|title=American National Variable Annuity Separate Account, Actuary Consent Filing}}</ref>		Although a ], the majority of the stock had been controlled by the Moody family through the ] and Libby Shearn Moody Trust, which are administered by the ] of the family owned ].<ref name=nasdaq2>{{cite web\|url=http://www.nasdaq.com/asp/Holdings.asp?mode=&kind=&timeframe=&intraday=&charttype=&splits=&earnings=&movingaverage=&lowerstudy=&comparison=&index=&symbol=ANAT&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&FormType=&mkttype=&pathname=&page=holdingssummary&selected=ANAT\|work=]\|title=NASDAQ Ownership Summary for ANAT}}</ref><ref>{{cite web\|url=http://www.moodyf.org/downloads/annual-financials-2004-5.pdf \|archive-url=https://web.archive.org/web/20090529203656/http://www.moodyf.org/downloads/annual-financials-2004-5.pdf \|url-status=dead \|archive-date=2009-05-29 \|work=Moody Foundation \|title=Moody Foundation 2005 Annual Report }}</ref><ref>{{cite web\|url=https://www.sec.gov/Archives/edgar/data/904163/000109690602000701/0001096906-02-000701.txt\|work=Securities and Exchange Commission\|title=ANICO General statement of beneficial ownership filing}}</ref><ref>{{cite web\|url=http://www.secinfo.com/dREkr.33.a.htm\|work=Securities and Exchange Commission\|title=American National Variable Annuity Separate Account, Actuary Consent Filing}}</ref> In August 2021, ] announced that it had agreed to acquire ANICO for $5.1 billion.<ref>{{cite web \|title=Four firms guide Brookfield unit's $5.1 bln American National buy \|url=https://www.reuters.com/legal/transactional/four-firms-guide-brookfield-units-51-bln-american-national-buy-2021-08-09/ \|website=] \|date=August 9, 2021}}</ref> The acquisition was completed in May 2022.<ref>{{cite press release \|last= \|first= \|date=2022-05-25\|title=Brookfield Reinsurance Completes $5.1 Billion Acquisition of American National \|url=https://bamr.brookfield.com/press-releases/brookfield-reinsurance-completes-51-billion-acquisition-american-national\|publisher=]\|access-date=2022-06-05}}</ref>

	==Financial ratings==
	American National is subject to insurance regulation and examination by all 50 states as well as federal entities like the ] (SEC) and ]. In addition, its records are audited by ] as well as the major financial rating agencies. The ratings reflect the company's capitalization, operating performance and ]. American National was listed in Forbes Magazine in its "100 Most Trustworthy Financial Companies"<ref>{{Cite web\|url=http://www.globenewswire.com/news-release/2017/08/01/1065639/0/en/American-National-named-to-Forbes-2017-Most-Trustworthy-Financial-Companies-List.html\|title=American National named to Forbes’ 2017 “Most Trustworthy Financial Companies” List\|first=American National Group\|last=Inc\|date=August 1, 2017\|website=GlobeNewswire News Room}}</ref> list for 2009 and 2017.
	] Company rates it as A (Excellent)<ref name="anico.com1">{{cite web\|url=http://anico.com/InvestorRelations/Ratings/index.htm \|title=American National Insurance Company's Ratings \|url-status=dead \|archiveurl=https://web.archive.org/web/20150206050546/http://anico.com/InvestorRelations/Ratings/index.htm \|archivedate=2015-02-06 }}</ref>
	and ] rates it as A (Excellent)<ref name="anico.com1"/>

	==Subsidiaries==		==Subsidiaries==
	]]]		]]]
	]		]

	* American National Life Insurance Company of Texas		* American National Life Insurance Company of Texas
	* American National Life Insurance Company of New York<ref>{{Cite web\|url=https://www.americannational.com/wps/portal/amnat/about/american+national+life+insurance+company+of+new+york+\|title=~~Subsidiaries~~}}</ref>		* American National Life Insurance Company of New York<ref>{{Cite web\|url=https://www.americannational.com/wps/portal/amnat/about/american+national+life+insurance+company+of+new+york+\|title=About}}</ref>
	* American National Property And Casualty Company<ref>{{Cite web\|url=http://www.anpac.com\|title=American National Insurance}}</ref>		* American National Property And Casualty Company<ref>{{Cite web\|url=http://www.anpac.com\|title=American National Insurance}}</ref>
	* Farm Family Casualty Insurance Company<ref name="auto">{{Cite web\|url=http://www.farmfamily.com\|title=American National Insurance}}</ref>		* Farm Family Casualty Insurance Company<ref name="auto">{{Cite web\|url=http://www.farmfamily.com\|title=American National Insurance}}</ref>
	* United Farm Family Insurance Company<ref name="auto"/>		* United Farm Family Insurance Company<ref name="auto"/>
	* Standard Life and Accident Insurance Company<ref>{{Cite web\|url=~~http~~://~~www.slaico~~.com\|title=~~Home~~}}</ref>		* Standard Life and Accident Insurance Company<ref>{{Cite web\|url=https://corespecialty.com/divisions/medical-stop-loss/\|title=Core Specialty - Medical Stop-Loss\|website=Core Specialty}}</ref>
		⚫	* Garden State Life Insurance Company<!-- American National has sold its holdings in Mexico as of 2008 --><ref>{{Cite web\|url=http://www.anico.com/aff_companies.dhtml\|archive-url=https://web.archive.org/web/20080424042032/http://www.anico.com/aff_companies.dhtml\|url-status=dead\|title=Affiliated Companies<!-- Bot generated title -->\|archive-date=April 24, 2008}}</ref>
	* ]
	<!-- American National has sold its holdings in Mexico as of 2008 -->
⚫	<ref>{{Cite web\|url=http://www.anico.com/aff_companies.dhtml\|~~archiveurl~~=https://web.archive.org/web/20080424042032/http://www.anico.com/aff_companies.dhtml\|url-status=dead\|title=Affiliated Companies<!-- Bot generated title -->\|~~archivedate~~=April 24, 2008}}</ref>

	== See also ==		== See also ==
Line 59:		Line 57:
	== External links ==		== External links ==
	* {{Official website\|http://www.anico.com/}}		* {{Official website\|http://www.anico.com/}}

		⚫	{{Coord\|29.307\|-94.7899\|type:landmark_region:US-TX\|display=inline,title}}

	{{Galveston, Texas}}		{{Galveston, Texas}}
			{{Authority control}}

⚫	{{~~coord~~\|29.307\|-94.7899\|type:landmark_region:US-TX\|display=inline,title}}

	{{NASDAQ Financial-100}}

	]
	]		]
			]
	]		]
	]		]
	]		]
	]		]
	]		]
			]
			]

Latest revision as of 16:19, 6 November 2024

U.S. financial service company

American National Group, Inc.

Company type	Private
Traded as	Nasdaq: ANAT Russell 2000 component
Industry	Financial services Insurance
Founded	1905; 119 years ago (1905)
Headquarters	One Moody Plaza Galveston, Texas, U.S.
Key people	Ross Rankin Moody (chairman of the board) Tim Walsh (president & CEO)
Products	Insurance, annuities, mutual funds, Financial products
Revenue	US$4.391 billion (2021)
Net income	US$467.5 million (2020)
Total assets	US$29.5 billion (2020)
Total equity	US$6.6 billion (2020)
Owner	Brookfield Asset Management Reinsurance
Number of employees	4,600 (2020)
Website	americannational.com

American National Insurance Company (ANICO) is a major American insurance corporation based in Galveston, Texas. The company and its subsidiaries operate in all 50 U.S. states and Puerto Rico.

Company description

American National was founded in 1905 by Galveston businessman William Lewis Moody Jr. Today the company offers a wide array of insurance products and services including life insurance, annuities, health insurance, property and casualty insurance, credit insurance, and pension plan services. Through its subsidiary, ANREM, the company founded and developed the large-scale housing development, South Shore Harbour, in League City, Texas.

Although a publicly traded company, the majority of the stock had been controlled by the Moody family through the Moody Foundation and Libby Shearn Moody Trust, which are administered by the trust department of the family owned Moody National Bank. In August 2021, Brookfield Asset Management announced that it had agreed to acquire ANICO for $5.1 billion. The acquisition was completed in May 2022.