American National Insurance Company Announces Completion of Holding Company Reorganization
July 02 2020 - 1:01PM
American National Insurance Company (“ANICO”) today announced that
it has completed its previously announced holding company
reorganization. Pursuant to such reorganization, American
National Group, Inc. (NASDAQ: ANAT), a Delaware corporation
(“American National”), is now the parent company of ANICO and has
replaced it as the publicly held corporation. The directors and
officers of ANICO immediately prior to the reorganization serve as
the directors and officers of American National, and business
operations continue from our current office locations and
companies.
Each share of ANICO’s common stock outstanding immediately prior
to the reorganization has automatically converted into one share of
American National’s common stock and trades under the NASDAQ Stock
Market symbol “ANAT”. Former stockholders of ANICO need not
return stock certificates or otherwise take any action to exchange
their shares for American National’s common stock. American
National’s common stock has been assigned a new CUSIP number:
02772A 109.
ABOUT AMERICAN NATIONAL
American National is a family of companies that has, on a
consolidated GAAP basis, $27.8 billion in assets, $22.2 billion in
liabilities and $5.6 billion in stockholders’ equity, as of March
31, 2020. American National Insurance Company, founded in 1905 and
headquartered in Galveston, Texas, and other American National
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 Insurance
Company, 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.
American National Insurance Company has been assigned an ‘A’
rating by A.M. Best Company and an ‘A’ rating by Standard &
Poor’s, both of which are nationally recognized rating agencies,
and is licensed to conduct the business of insurance in all states
except New York.
For more information, including company news and investor
relations information, visit the company’s web site at
www.AmericanNational.com.
Contact: Timothy A. Walsh (409) 766-6553
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