Hot Stock in Focus: American National Insurance Company (NASDAQ: ANAT)

GALVESTON, Texas, October 31, 2019 – Shares of American National Insurance Company (NASDAQ: ANAT) inclined 1.00% to $120.80. The stock traded total volume of 33.281K shares lower than the average volume of 36.67K shares.

American National Insurance Company (ANAT) reported net income for the second quarter of 2019 of $98.80M or $3.67 per diluted share, up from $84.10M or $3.12 per diluted share for the same period in 2018. Net income for the second quarter of 2019 included after-tax net gains on equity securities of $53.00M or $1.97 per diluted share, as compared to after-tax net gains of $45.20M or $1.68 per diluted share in the second quarter of 2018. In addition, net income for the second quarter of 2019 included after-tax realized investment earnings of $6.40M or $0.23 per diluted share compared to $9.10M or $0.34 per diluted share for the same period in 2018.

Net income for the six months ended June 30, 2019 was $357.10M or $13.28 per diluted share, up from $102.90M or $3.82 per diluted share for the same period in 2018. Net income for the six months ended June 30, 2019 included after-tax net gains on equity securities of $216.00M or $8.03 per diluted share, as compared to after-tax net gains of $19.00M or $0.71 per diluted share for the same period in 2018. In addition, net income for the six months ended June 30, 2019 included after-tax realized investment earnings of $42.00M or $1.56 per diluted share compared to $10.00M or $0.37 per diluted share for the same period in 2018. The increase in realized investment earnings was primarily due to the sale of certain real estate holdings in unconsolidated joint ventures during the six months ended June 30, 2019.

After-tax adjusted operating income for the second quarter of 2019 increased to $39.40M or $1.47 per diluted share compared to $29.80M or $1.10 per diluted share for the same period in 2018. After-tax adjusted operating income for the six months ended June 30, 2019 increased to $99.10M or $3.69 per diluted share compared to $73.90M or $2.74 per diluted share for the same period in 2018. The increase in 2019 adjusted operating income compared to the same periods in 2018 is primarily attributable to increased operating income from our Property & Casualty and Life segments.

American National is a family of companies that has, on a consolidated GAAP basis, $28.40B in assets, $22.60B in liabilities and $5.80B in stockholders’ equity. American National founded in 1905 and headquartered in Galveston, Texas, and its subsidiaries offer a broad portfolio of products and services, which include life insurance, annuities, property and casualty insurance, health insurance, credit insurance, and pension products. The American National companies operate in all 50 states. Major insurance subsidiaries include American National Life Insurance Company of Texas, American National Life Insurance Company of New York, American National Property and Casualty Company, Garden State Life Insurance Company, Standard Life and Accident Insurance Company, Farm Family Casualty Insurance Company and United Farm Family Insurance Company.

ANAT has the market capitalization of $3.25B and its EPS growth ratio for the past five years was -9.90%. The return on assets ratio of the Company was 1.50% while its return on investment ratio stands at 4.20%. Price to sales ratio was 0.93 while 64.50% of the stock was owned by institutional investors.

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