American National Insurance Company (ANICO) is a major American insurance corporation based in Galveston, Texas. The company and its subsidiaries operate in all 50 U.S. states and Puerto Rico.
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Company description
American National was founded in 1905 by Galveston businessman William Lewis Moody, Jr. Today the company offers a wide array of insurance products and services including life insurance, annuities, health insurance, property and casualty insurance, credit insurance, and pension plan services. Through its subsidiary, ANREM, the company founded and developed the large-scale housing development, South Shore Harbour, in League City, Texas.
Although a publicly traded company, the majority of the stock continues to be controlled by the Moody family through the Moody Foundation and Libby Shearn Moody Trust, which are administered by the trust department of the family owned Moody National Bank.
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Financial ratings
American National is subject to insurance regulation and examination by all 50 states as well as federal entities like the U.S. Securities and Exchange Commission (SEC) and Federal Trade Commission. In addition, its records are audited by KPMG as well as the major financial rating agencies. The ratings reflect the company's capitalization, operating performance and liquidity. American National was listed in Forbes Magazine in its "100 Most Trustworthy Companies" list for 2009.
- A. M. Best Company: A (Excellent)
- Standard and Poor's: A (Excellent)
Subsidiaries
- American National Property And Casualty Company[2]
- Farm Family Casualty Insurance Company[3]
- United Farm Family Insurance Company[4]
- Farm Family Life Insurance Company[5]
- Standard Life and Accident Insurance Company[6]
- Garden State Life Insurance Company
- American National Life Insurance Company of Texas
Corporate governance
Board of directors
- Robert L. Moody (Chairman of the Board)
- James E. Pozzi (President and Chief Executive Officer)
- Arthur O. Dummer
- Frances A. Moody-Dahlberg
- Russell S. Moody
- James P. Payne
- E.J. "Jere" Pederson
- James D. Yarbrough
Advisory directors
- G. Richards Ferdinandtsen
- Irwin M. Herz, Jr.
- R. Eugene Lucas
- E. Douglas McLeod
- Robert L. Moody, Jr.
Former directors
- Shearn Moody, Jr.
- Mary Moody Northen
Source of the article : Wikipedia
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