American national announces fourth quarter and full year 2020 results

Galveston, texas, march 01, 2021 (globe newswire) -- american national group, inc. (nasdaq: anat) (formerly american national insurance company)(1) and subsidiaries (collectively, the “company”) announced net income for the fourth quarter of 2020 of $306.4 million or $11.40 per diluted share, compared to $171.1 million or $6.37 per diluted share for the same period in 2019. the increase in net income for the fourth quarter of 2020 was primarily attributable to an increase of $77.0 million or $2.86 per diluted share in after-tax net gains on equity securities, an increase of $20.2 million or $0.75 per diluted share in after-tax net realized investment earnings, and an increase of $20.4 million or $0.75 per diluted share in after-tax earnings from our property and casualty business.
ANAT Ratings Summary
ANAT Quant Ranking