American National Insurance Company

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American National Insurance Company, Inc
TypePublic
NasdaqANAT
Russell 1000 Component
IndustryInsurance, Financial services
Founded1905
HeadquartersOne Moody Plaza
Galveston, Texas, U.S.
Key people
Ross Rankin Moody, Chairman of the Board
James Pozzi, President & CEO
ProductsInsurance, annuities, mutual funds, Financial products
RevenueIncreaseUS$3.411 Billion (FY 2017)[1]
IncreaseUS$496 Million (FY 2017)
Total assetsIncreaseUS$26.3 Billion (FY 2017)
Total equityIncreaseUS$5.2 Billion (FY 2017)
Number of employees
4,621[2] (2017)
Websitewww.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[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.[3]

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.[4][5][6][7] In August 2021, Brookfield Asset Management agreed to acquire ANICO for $5.1 billion.[8]

Subsidiaries[edit]

Moody Plaza, American National Insurance's Home Office in downtown Galveston, Texas
American National Insurance Company Building
  • American National Life Insurance Company of Texas
  • American National Life Insurance Company of New York[9]
  • American National Property And Casualty Company[10]
  • Farm Family Casualty Insurance Company[11]
  • United Farm Family Insurance Company[11]
  • Standard Life and Accident Insurance Company[12]
  • Garden State Life Insurance Company

[13]

See also[edit]

References[edit]

  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. ^ "Subsidiaries".
  10. ^ "American National Insurance".
  11. ^ a b "American National Insurance".
  12. ^ "Home".
  13. ^ "Affiliated Companies". Archived from the original on April 24, 2008.

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