American national announces first quarter 2022 results

Galveston, texas, may 03, 2022 (globe newswire) -- american national group, inc. (nasdaq: anat) and subsidiaries (collectively, the “company”) announced net income for the first quarter of 2022 of $108.8 million or $4.05 per diluted share, compared to net income of $170.2 million or $6.33 per diluted share for the same period in 2021. the reduction in net income in the first quarter of 2022 was primarily due to an $83.3 million decrease in net gains on equity securities, partially offset by an increase in realized investment earnings of $20.4 million.
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