American National Insurance Company

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American National Insurance Company, Inc
Type Public
Traded as NASDAQANAT
Industry Insurance Financial Services
Founded 1905
Headquarters One Moody Plaza
Galveston, Texas, U.S.
Key people Robert L. Moody, Chairman & CEO
Products Insurance Annuities mutual funds Financial Products
Revenue IncreaseUS$2.95 Billion (FY 2009)[1]
Net income IncreaseUS$15.6 Million (FY 2009)[1]
Total assets IncreaseUS$20.1 Billion (FY 2009[2]
Total equity IncreaseUS$3.46 Billion (FY 2009)[2]
Employees 3,094[3]
Website www.anico.com

American National Insurance Company (ANICO) a major American insurance corporation based in Galveston, Texas. The company and its subsidiaries operate in all 50 U.S. states, the District of Columbia, Puerto Rico, and American Samoa.[4]

Company description[edit]

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.[5]

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.[6][7][8][9]

Financial ratings[10][edit]

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 Companies" list for 2009.

Subsidiaries[11][edit]

Corporate governance[edit]

Moody Plaza, American National Insurance's Home Office in downtown Galveston, Texas

Board of directors[12][edit]

Former directors[edit]

See also[edit]

References[edit]

External links[edit]

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