American National Insurance Company: Difference between revisions

Browse history interactively ← Previous edit Next edit →Content deleted Content addedVisual WikitextInline

Revision as of 06:09, 30 September 2022 edit2600:1700:4d00:5d20:d066:4a3e:cf06:9a77 (talk)No edit summary← Previous edit		Revision as of 18:46, 7 May 2023 edit undoLightiggy (talk \| contribs)Extended confirmed users57,362 editsmNo edit summaryTag: Visual edit Next edit →
Line 25:		Line 25:

	==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\|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>		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 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>		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>

Revision as of 18:46, 7 May 2023

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 James Pozzi, 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)
Number of employees	4,600 (2020)
Parent	Brookfield Asset Management Reinsurance
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.