American national announces fourth quarter and full year 2021 results

Galveston, texas, feb. 22, 2022 (globe newswire) -- american national group, inc. (nasdaq: anat) and subsidiaries (collectively, the “company”) announced net income for the fourth quarter of 2021 of $250.1 million or $9.30 per diluted share, compared to net income of $306.4 million or $11.40 per diluted share for the same period in 2020. the reduction in net income in the fourth quarter of 2021 was primarily due to a $67.3 million decrease in net gains on equity securities and a reduction in after-tax adjusted net operating income of $30.2 million, partially offset by an increase in realized investment earnings of $44.2 million.
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