Review of the American National Insurance (ANICO) Company

Oct 23, 2023 By Susan Kelly

When William Lewis Moody, Jr. formed the American National Insurance Company, the business was first established (American National). Mr. Moody's company started with just ten employees and is headquartered in Galveston, Texas. American National expanded its offering of insurance products in 1973 by including property and casualty lines.

American National offers a vast assortment.

The 50-state agent network of American National offers a wide range of insurance and financial products.

Life insurance, annuities, health insurance, credit insurance, pension plans, and business insurance are only a few of the services offered by the organization.

According to the debt ratio, which was.79 in 2019 and.80 in 2018, 79% of American National's assets were financed by debt in 2019, decreasing from 80% in 2018.

American National has an "A+" rating with the BBB despite not being a BBB-certified company.

Trade Knowledge

The NASDAQ ticker for the publicly traded American National Family of Companies is ANAT. It is an S&P 500 firm as well. The business has $28.5 billion in total assets and $118 billion in active life insurance as of 2019. (active, paid policies). A significant network of businesses, including American National Property and Casualty Company, are managed by American National (ANPAC) Farm Family Businesses. The American National Life Insurance Company of New York, Garden State Life Insurance Company Standard Life and Accident Insurance Company of Texas, among others, are subsidiaries of the ANPAC subsidiary, which has its headquarters in Springfield, Missouri, and has offices, among other places, in League City, Texas, and Glenmont, New York.

The goal of American National.

The mission of American National emphasizes community involvement. It raises money and enlists volunteers to support numerous organizations, including Children of the Ozarks, Boys & Girls Clubs, Salvation Army, and The United Way of the Ozarks.

Monetary Security

A company's debt ratio, which gauges its financial stability, is a trustworthy sign of its future growth, profitability, and return on investment. The balance sheet of a corporation is used to calculate this ratio. A ratio is created by dividing total liabilities by total assets. More debt is used to finance the investments when there is more than one. Compared to 2018, American National had a debt-to-equity ratio of 0.79 in 2019. This demonstrates that they debt-financed 79% of their assets in 2019, down from 80% in 2018. 1

According to this development, the corporation may be seeking to reduce its obligations, take fewer risks with debt repayment, and increase its assets to have enough cash to pay off its debts in an emergency. In its 114-year history, the company has weathered multiple recessions, demonstrating that it is adept at balancing growth with maintaining financial stability.

Payments and Honors

A company's success depends on its capacity to run successfully and satisfy its clients. American National has an "A+" rating with the BBB despite not being a BBB-certified company.

In 2003, ANPAC received the Missouri Quality Award (MQA), which honors achievement in organizational performance management and customer service.

2 Forbes included it in its "100 Most Reliable Companies" list in 2009. In 2017, the business was given an "A" grade (excellent) for the 75th consecutive year by the credit rating company A.M. Best. 3 Forbes once again named American National as one of the "Best Mid-Size Employers" in 2019.

Financial and insurance products

The following insurance products are available to policyholders in each of the 50 states from the American National family of businesses:

vehicle insurance for homes, insurance for classic cars

motorcycle protection

RV protection and vessel protection

Business Insurance

agricultural news

A second life insurance policy

Policyholders can print insurance ID cards, make payments, or submit claims online using the Policy Support Client Services offered by American National. Additionally, you can locate a nearby collision repair facility on the corporate website and browse the document library to learn more about safety and loss prevention.

Along with excellent ratings for financial stability and customer happiness, American National also provides various insurance products. The company offers a variety of strange product options and savings, including combined home and auto insurance deductibles and classic automobile insurance if you have both policies with them.

Data Recognition

Visit the American National Family of Firms website to find out more about the insurance companies owned by American National and the variety of insurance and financial services they provide. To find the phone numbers for the various customer care departments, go to the "Contact Us" page. Call (409) 763-4661 to contact the company's headquarters in Galveston, Texas.

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