American National Insurance Company
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| American National Insurance Company, Inc | |
|---|---|
 |
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| Type | Public (NASDAQ: ANAT) |
| Founded | 1905 |
| Headquarters | One Moody Plaza, Galveston, Texas |
| Key people | Robert L. Moody, Chairman & CEO |
| Industry | Insurance Financial Services |
| Products | Insurance Annuities Mutual Funds Financial Products |
| Revenue | ▲ $3.071 billion USD (2007)[1] |
| Net income | ▲ $240.773 million USD (2007)[2] |
| Employees | 3,094 [3] |
| Website | www.anico.com |
American National Insurance Company (NASDAQ: ANAT) is 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. Through its subsidiary, American National de México, Compañía de Seguros de Vida, it provides products and services in Mexico. [4]
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[edit] Company description
American National was founded in 1905 by Galveston businessman William L. 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. Mutual funds and other securities products are distributed through its broker-dealer subsidiary, Securities Management and Research, Inc.
Although a publically traded company, the majority of the stock continues to be controlled by the Moody family through foundations and trusts administered by the trust department of the family owned Moody National Bank.[5][6]
[edit] Financial ratings[7]
American National is subject to insurance regulation and examination by all 50 states as well as federal entities like the SEC and FTC. 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.
- A. M. Best Company: A+ (Superior)
- Standard and Poor's: AAA (Very Strong)
[edit] Subsidiaries[8]
- American National Property And Casualty Company[1]
- Farm Family Companies[2]
- Farm Family Casualty Insurance Company
- Standard Life and Accident Insurance Company[3]
- Garden State Life Insurance Company
- American National de México, Compañía de Seguros de Vida[4]
- American National Life Insurance Company of Texas
- Securities Management and Research, Inc.[5]
[edit] Corporate governance
[edit] Board of directors[9]
- Robert L. Moody (Chairman and Chief Executive Officer)
- Frances Anne Moody-Dahlberg
- Russell S. Moody
- William L. Moody, IV
- G. Richard Ferdinandtsen (President and Chief Operating Officer)
- James D. Yarbrough
- Shelbey M. Elliot
- Frank P. Williamson
- Arthur O. Dummer
- Irwin M. Herz, Jr.
- R. Eugene Lucas
- E. Douglas McLeod
[edit] See also
[edit] External links
[edit] References
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