ANAT - ANAT STOCK NEWS

American National Group reported a net income of $228.0 million or $8.48 per diluted share for Q2 2021, reflecting a rise from $210.5 million or $7.83 in Q2 2020. Key factors include improved earnings in the property and casualty, and annuity segments, alongside increased net realized investment earnings of $42.7 million. Adjusted net operating income soared to $50.4 million or $1.87 per diluted share. For the first half of 2021, net income reached $398.1 million, driven by robust gains across segments and a total life insurance in force of $133.2 billion.

American National is expanding its Strategy Indexed Annuity PLUS products with new index crediting strategies. Alongside existing options based on the S&P 500 index, the ASIA PLUS 7 & 10 will now include a low volatility strategy utilizing the S&P MARC 5% Excess Return Index and a large-cap growth strategy based on the Nasdaq-100 Index. These enhancements aim to provide more choices for agents and clients, further solidifying the product's competitive edge in the annuities market.

American National has launched the Signature Protection IUL, enhancing its indexed universal life insurance portfolio. This product offers a guaranteed death benefit from ages 80 to 121 and can function as a supplementary retirement fund. It includes Living Benefits for chronic and terminal illnesses at no extra cost, along with various index crediting strategies linked to the S&P 500, Nasdaq-100, and S&P MARC 5% Excess Return Indexes. This initiative aims to provide financial stability and flexibility for consumers with diverse financial goals.

American National is enhancing its indexed universal life product with new crediting strategies. The Signature Performance IUL will now feature two additional strategies: a low volatility strategy based on the S&P MARC 5% Index and a large-cap growth strategy using the Nasdaq-100® Index. These additions aim to manage market volatility and provide better diversification. The S&P 500 is widely known as a key index for large-cap U.S. equities, with significant assets indexed to it. American National continues to operate across all states except New York, offering a variety of insurance products.

American National has addressed media speculation regarding potential strategic options, including a possible sale. The company asserts a policy of not commenting on rumors or speculation. Founded in 1905 and based in Galveston, Texas, American National comprises various subsidiaries that provide a diverse range of products, including life insurance, annuities, and property insurance, serving clients across all 50 states.

American National Group, Inc. (NASDAQ: ANAT) reported a net income of $170.2 million ($6.33 per diluted share) for Q1 2021, a significant recovery from a net loss of $220.4 million ($8.20 loss per diluted share) in Q1 2020. This shift is mainly due to a substantial increase in the value of its equity securities, which led to after-tax gains of $75.8 million. Additionally, adjusted net operating income rose to $77.3 million ($2.87 per diluted share) from $68.8 million ($2.56 per diluted share) in the previous year, despite higher mortality and increased claims in certain segments.

The Board of Directors of American National Group, Inc. (NASDAQ: ANAT) declared a quarterly dividend of 82 cents per share on April 22, 2021. This dividend will be payable on June 18, 2021 to shareholders of record as of June 4, 2021, with the ex-dividend date anticipated to be June 3, 2021. American National has a long-standing history of paying dividends for over 100 consecutive years. As of December 31, 2020, the company reported $29.5 billion in assets and $6.5 billion in stockholders’ equity.

American National Group, Inc. (NASDAQ: ANAT) reported a significant increase in net income for Q4 2020, totaling $306.4 million, or $11.40 per diluted share, compared to $171.1 million, or $6.37 per diluted share in Q4 2019. This growth was primarily driven by higher after-tax net gains on equity securities, rising to $188.0 million, and improved earnings from its property and casualty business. However, for the full year 2020, net income decreased to $467.5 million, down from $620.4 million in 2019, mainly due to reduced realized investment gains and credit loss expenses linked to COVID-19's economic impact.

American National Group, Inc. (NASDAQ: ANAT) has declared a quarterly dividend of 82 cents per share, payable on March 19, 2021. Shareholders of record as of March 8, 2021 will receive this dividend, with an ex-dividend date anticipated on March 5, 2021. The company has a solid financial foundation, reporting $29.4 billion in assets and $6.1 billion in stockholders’ equity as of September 30, 2020. Notably, American National has consistently paid dividends for over 100 years.