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AMERICAN NATIONAL INSURANCE CO

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2020 10-Q, filed May 8, 2020. Its latest SEC filing is a 13F-HR from May 13, 2022.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Sells life insurance, annuities, and property and casualty coverage to individuals, families, and businesses.

How Did They Make Money?

Life policyholders pay premiums periodically; annuity buyers make either one deposit or a series of deposits.

FY2019 revenue

Who Were Their Customers?

Individuals and families buy through company agents, independent agents, or directly through call centers; farmers, ranchers, and small businesses are served by dedicated agents. Employers, lenders, and financial institutions are reached through independent agents and other intermediaries.

Did Revenues Turn Into Profits?

Yes. It kept 15 cents of every revenue dollar as net income in FY2019 and turned 12 cents into free cash flow.

Net income, FY2019
15% of revenue
▲ +290% vs FY2018 ($159M, 5%)
Free cash flow, FY2019
12% of revenue
▲ +2% vs FY2018 ($477.8M, 14%)

How Were They Changing?

Since the FY2019 annual report
Latest quarter: Q1 FY2020, the three months to Mar 31, 2020
Revenue
▼ −67%
vs $1.1B in Q1 FY2019
Net income
▼ Now a loss
vs $258.2M in Q1 FY2019
  • Jul 2, 2020 American National completed its holding company reorganization American National Group became the parent and publicly held company, with ANICO as its wholly owned subsidiary.

Grew. Revenue grew 35% in 4 years, from $3B in FY2015 to $4.1B in FY2019, about 8% a year.

Broader CSSD income market The Career Sales and Service Division's target market shifts from primarily middle-income customers to lower- and middle-income customers.

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