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American National Insurance Company

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Coordinates: 29°18′25″N 94°47′24″W / 29.307°N 94.7899°W / 29.307; -94.7899
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American National Insurance Company, Inc
Company typePublic
Nasdaq: ANAT
IndustryInsurance Financial Services
Founded1905
HeadquartersOne Moody Plaza
Galveston, Texas, U.S.
Key people
Robert L. Moody, Chairman & CEO
ProductsInsurance Annuities mutual funds Financial Products
RevenueIncreaseUS$3.12 Billion (FY 2013)[1]
IncreaseUS$268 Million (FY 2013)[2]
Total assetsIncreaseUS$23.3 Billion (FY 2013)[3]
Total equityIncreaseUS$4.2 Billion (FY 2013)[4]
Number of employees
3,078[5]
Websitewww.anico.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.[6]

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.[7]

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.[8][9][10][11]

Financial ratings[12]

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[15]

Corporate governance

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

Board of directors[16]

  • Robert L. Moody (Chairman and Chief Executive Officer)
  • James E. Pozzi (President and Chief Operating Officer)
  • Arthur O. Dummer
  • Frances A. Moody-Dahlberg
  • Russell S. Moody
  • James P. Payne
  • E.J. "Jere" Pederson
  • James D. Yarbrough

Advisory directors

  • G. Richards Ferdinandtsen
  • Irwin M. Herz, Jr.
  • R. Eugene Lucas
  • E. Douglas McLeod
  • Robert L. Moody, Jr.

Former directors

See also

References

  1. ^ http://anico.com/cs/groups/public/documents/webassets/prodcont_024045.pdf
  2. ^ http://anico.com/cs/groups/public/documents/webassets/prodcont_024045.pdf
  3. ^ http://anico.com/cs/groups/public/documents/webassets/prodcont_024045.pdf
  4. ^ http://anico.com/cs/groups/public/documents/webassets/prodcont_024045.pdf
  5. ^ http://anico.com/cs/groups/public/documents/webassets/prodcont_024047.pdf
  6. ^ Newton, Nell. "American National Insurance Company". Hoover's. Retrieved 2011-03-01.
  7. ^ Bivins, Ralph (1991-05-19). "League City site in midst of boom/South Shore Harbour is hot". Houston Chronicle. Retrieved 2011-02-25.
  8. ^ "NASDAQ Ownership Summary for ANAT". NASDAQ.
  9. ^ "Moody Foundation 2005 Annual Report" (PDF). Moody Foundation.
  10. ^ "ANICO General statement of beneficial ownership filing". Securities and Exchange Commission.
  11. ^ "American National Variable Annuity Separate Account, Actuary Consent Filing". Securities and Exchange Commission.
  12. ^ "NASDAQ Company News". NASDAQ.
  13. ^ http://anico.com/InvestorRelations/Ratings/index.htm
  14. ^ http://anico.com/InvestorRelations/Ratings/index.htm
  15. ^ Affiliated Companies
  16. ^ [1]

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

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