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American National Announces Fourth Quarter and Full Year 2020 Results American National Group Inc. Galveston, Texas, UNITED STATES
GALVESTON, Texas, March 01, 2021 (GLOBE NEWSWIRE) American National Group, Inc. (NASDAQ: ANAT) (formerly American National Insurance Company)
(1) and subsidiaries (collectively, the “Company”) announced net income for the fourth quarter of 2020 of $306.4 million or $11.40 per diluted share, compared to $171.1 million or $6.37 per diluted share for the same period in 2019. The increase in net income for the fourth quarter of 2020 was primarily attributable to an increase of $77.0 million or $2.86 per diluted share in after-tax net gains on equity securities, an increase of $20.2 million or $0.75 per diluted share in after-tax net realized investment earnings, and an increase of $20.4 million or $0.75 per diluted share in after-tax earnings from our property and casualty business.