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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.

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

1. "American National Insurance Company - Form-10K". Retrieved March 10, 2019.
2. "American National Insurance". Fortune. Retrieved 2019-02-15.
3. 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.
4. "NASDAQ Ownership Summary for ANAT". NASDAQ.
5. "Moody Foundation 2005 Annual Report" (PDF). Moody Foundation. Archived from the original (PDF) on 2009-05-29.
6. "ANICO General statement of beneficial ownership filing". Securities and Exchange Commission.
7. "American National Variable Annuity Separate Account, Actuary Consent Filing". Securities and Exchange Commission.
8. "Four firms guide Brookfield unit's $5.1 bln American National buy". Reuters. August 9, 2021.
9. "Brookfield Reinsurance Completes $5.1 Billion Acquisition of American National" (Press release). Brookfield Asset Management. 2022-05-25. Retrieved 2022-06-05.
10. "Subsidiaries".
11. "American National Insurance".
12. ^ "American National Insurance".
13. "Home".
14. "Affiliated Companies". Archived from the original on April 24, 2008.

External links

• Official website

29°18′25″N 94°47′24″W / 29.307°N 94.7899°W / 29.307; -94.7899

• 1905 establishments in Texas
• American companies established in 1905
• Financial services companies established in 1905
• Companies based in Galveston, Texas
• Companies formerly listed on the Nasdaq
• Insurance companies of the United States
• Insurance companies based in Texas
• 2022 mergers and acquisitions
• Brookfield Asset Management