ANAT - ANAT STOCK NEWS

AM Best has affirmed the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of 'a+' for American National Insurance Company (ANICO) and its subsidiaries, reflecting their strong balance sheet, adequate operating performance, and favorable business profile. The outlook for these Credit Ratings is stable. While ANG maintains the strongest level of risk-adjusted capitalization and a profitable investment portfolio, it faces challenges from low interest rates and new business strain. The ANPAC Group also showcases strong balance sheet strength and adequate liquidity, despite competition from larger carriers.

American National Group (NASDAQ: ANAT) reported a third-quarter net income of $171.1 million ($6.36 per diluted share) for 2020, up from $92.2 million ($3.43 per share) in 2019. This rise is mainly due to after-tax net gains on equity securities totaling $120.1 million bolstered by favorable market conditions. However, net realized investment earnings fell to $23.6 million from $47.1 million in 2019, influenced by fewer real estate asset sales. For the nine months ended September 30, 2020, net income declined to $161.2 million from $449.2 million in 2019, affected by COVID-19 impacts and increased credit loss estimates.

The Board of Directors of American National Group declared a quarterly dividend of 82 cents per share on its common stock, scheduled for payment on December 18, 2020. The dividend will be payable to shareholders of record as of December 4, 2020, with an ex-dividend date anticipated to be December 3, 2020. American National maintains a solid financial position with $29.0 billion in assets and $6.0 billion in stockholders’ equity. The company has successfully paid dividends for over 100 consecutive years and holds an ‘A’ rating from A.M. Best and S&P.

As Tropical Storm Zeta approaches the Gulf Coast, American National Insurance Company advises its policyholders to prepare for potential claims. Policyholders can report claims via the AN Mobile app, online at AmericanNational.com, by phone, or email. The company emphasizes the importance of staying informed through the National Hurricane Center and following local authorities' instructions for safety. Established in 1905, American National operates nationwide, providing diverse insurance products.

American National is urging its policyholders in the Gulf Coast to prepare for Hurricane Delta. The company provides multiple avenues for reporting claims, including a mobile app, online portal, phone hotline, and email. Safety precautions are recommended, such as following local authorities and securing property. Founded in 1905, American National offers a variety of insurance products across the U.S., with a dedicated property and casualty division established in 1973. The company aims to address the insurance needs of the agricultural market through strategic acquisitions.

On September 18, 2020, American National expressed support for those impacted by the wildfires in California, Oregon, and Washington. The company provided vital resources for policyholders, encouraging them to contact their 24-hour Claims Hotline at 1.800.333.2860 for assistance. Claim reporting options include a mobile app, online access, phone calls, or email. Additional tips were shared to aid recovery post-wildfire, including contacting insurers for claims and discussing temporary housing coverage. American National is a well-established insurance provider operating across all 50 states.

American National extends its support to policyholders affected by Hurricane Sally as the storm causes significant damage across the southeastern states. The company encourages affected clients to promptly report any claims via mobile app, online, phone, or email. Key resources for assistance include the Red Cross, FEMA, and local authorities, ensuring customer safety and rapid response to damage claims. American National has been providing insurance solutions since 1905, serving all 50 states, with a dedicated focus on property and casualty since 1973.

American National expresses sympathy for Hurricane Laura's victims and outlines claims reporting options for its policyholders. Policyholders can file claims via the AN Mobile app, online at AmericanNational.com, by phone at 1.800.333.2860, or via email. Key claims filing tips include contacting the insurer promptly, documenting damages, making temporary repairs, and keeping receipts for reimbursable expenses. Resources are provided for disaster assistance, including contacts for the American Red Cross, FEMA, and state insurance companies. American National, established in 1905, offers a wide range of insurance products across all states except New York.

The Board of Directors of American National Group (NASDAQ: ANAT) declared a quarterly dividend of 82 cents per share on August 27, 2020. This dividend is payable on September 18, 2020 to shareholders of record by the close of business on September 8, 2020, with an anticipated ex-dividend date of September 7, 2020. American National has a strong financial foundation, reporting $29.0 billion in assets and $6.0 billion in stockholders’ equity. The company has maintained a consistent dividend payout for over 100 consecutive years.