GALVESTON, Texas, Sept. 25, 2017 (GLOBE NEWSWIRE) — American National Insurance Company (American National) is proud to announce that it has reached a major milestone by surpassing more than $100 billion in life insurance in force. This achievement marks the culmination of more than a century devoted to the values of integrity and financial strength.
$100 billion is the total value of all life insurance policies American National has issued that are currently active. It represents 112 years of service to more than 5 million policyholders as well as valued shareholders.
American National was founded by W.L. Moody Jr. in 1905 with 10 employees, $100,000 in capital and the vision of becoming a leading provider of financial products and services for current and future generations. By focusing on the ideals of strong management and prudent investment, American National steadily built its business, reaching $1 billion in life insurance in force by 1943, $10 billion by the mid-1960s and $50 billion just before 2000. The pace picked up quickly from there, reaching $75 billion in 2013 and $90 billion in 2015.
Now, with more than 3,000 employees, plus a network of agents and distribution partners in all 50 states and Puerto Rico, American National looks forward to another century of excellent service to our policyholders and the achievement of many more milestones along the way.
About American National
American National Insurance Company (American National), headquartered in Galveston, Texas, was founded in 1905 and is licensed in all states except New York. American National and its subsidiaries offer a broad line of products and services, which include life insurance, annuities, health insurance, credit insurance, pension products, and property and casualty insurance for personal lines, agribusiness and certain commercial exposures. American National companies operate in all 50 states. For corporate and investor relations information, please visit American National’s website at www.AmericanNational.com.
CONTACT: Jason Broussard,
Assistant Vice President, Corporate Office
One Moody Plaza I Galveston, TX 77550