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| Company type | Public |
|---|---|
| Traded as | Nasdaq: ANAT Russell 1000 Component |
| Industry | Insurance Financial Services |
| Founded | 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$3.411 Billion (FY 2017) |
| Net income | US$496 Million (FY 2017) |
| Total assets | US$26.3 Billion (FY 2017) |
| Total equity | US$5.2 Billion (FY 2017) |
| Number of employees | 4,621 (2017) |
| Website | www.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 continues to be 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.
Financial ratings
American National is subject to insurance regulation and examination by all 50 states as well as federal entities like the U.S. Securities and Exchange Commission (SEC) and Federal Trade Commission. In addition, its records are audited by KPMG as well as the major financial rating agencies. The ratings reflect the company's capitalization, operating performance and liquidity. American National was listed in Forbes Magazine in its "100 Most Trustworthy Financial Companies" list for 2009 and 2017. A. M. Best Company rates it as A (Excellent) and Standard and Poor's rates it as A (Excellent)
Subsidiaries
- American National Life Insurance Company of Texas
- American National Life Insurance Company of New York
- American National Property And Casualty Company
- Farm Family Casualty Insurance Company
- United Farm Family Insurance Company
- Standard Life and Accident Insurance Company
- Garden State Life Insurance Company
See also
- Free State of Galveston
- Galveston, Texas
- Moody Foundation
- Moody Gardens
- Moody National Bank
- National Western Life
References
- "American National Insurance Company - Form-10K". Retrieved March 10, 2019.
- "American National Insurance". Fortune. Retrieved 2019-02-15.
- Bivins, Ralph (1991-05-19). "League City site in midst of boom/South Shore Harbour is hot". Houston Chronicle. Archived from the original on October 12, 2012. Retrieved 2011-02-25.
- "NASDAQ Ownership Summary for ANAT". NASDAQ.
- "Moody Foundation 2005 Annual Report" (PDF). Moody Foundation. Archived from the original (PDF) on 2009-05-29.
- "ANICO General statement of beneficial ownership filing". Securities and Exchange Commission.
- "American National Variable Annuity Separate Account, Actuary Consent Filing". Securities and Exchange Commission.
- Inc, American National Group (August 1, 2017). "American National named to Forbes' 2017 "Most Trustworthy Financial Companies" List". GlobeNewswire News Room.
{{cite web}}:|last=has generic name (help) - ^ "American National Insurance Company's Ratings". Archived from the original on 2015-02-06.
- "Subsidiaries".
- "American National Insurance".
- ^ "American National Insurance".
- "Home".
- "Affiliated Companies". Archived from the original on April 24, 2008.
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External links
29°18′25″N 94°47′24″W / 29.307°N 94.7899°W / 29.307; -94.7899
| Selected companies of the Nasdaq Financial-100 index | |
|---|---|
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- Companies in the NASDAQ Financial-100
- Companies listed on the Nasdaq
- Buildings and structures in Galveston, Texas
- 1905 establishments in Texas
- Financial services companies established in 1905
- Companies based in Galveston, Texas
- Companies listed on NASDAQ
- Insurance companies of the United States
- Insurance companies based in Texas