American National

American National Insurance Company was established in Galveston, Texas in 1905. The organization currently operates in all 50 states, and its available products vary by location.

The American National name refers to a group of companies and subsidiaries that underwrite, issue and administer insurance policies and annuities. American National Group, Inc. is the parent company.

American National is a publicly traded organization with 4,600 full-time employees. According to Fortune, American National has $29.5 billion in assets as of March 31, 2021.

American National commits to shared values with clients: financial strength, integrity, respect, service and teamwork. The company and its subsidiaries specialize in insurance products that offer stability, longevity and security.

Credit ratings are independent opinions provided by agencies to convey the financial strength of insurance companies.

This scoring helps measure American National against other annuity providers. AM Best and Standard & Poor’s provided recent credit ratings for American National’s units, ranking the insurance carrier’s claims-paying abilities (CPAs).

The outlook of these ratings is stable. AM Best reports that the American National Group’s investment portfolio is performing well, with its balance sheet strength boasting the strongest ranking. American National also cites the strongest level of risk-adjusted capitalization.

“We strive to achieve the highest standard of ethics, accountability and compliance,” states American National’s website. “We’re dedicated to strong financial stability and growth to operate responsibly and fairly for everyone — from you to our employees to our business partners.”

American National and its affiliates currently issue three categories of annuity products: single premium immediate, indexed deferred and fixed deferred annuities.

To purchase single premium immediate annuities, or SPIAs, clients pay a sum of money, or a single premium up front. SPIA owners begin receiving payments within 12 months of the annuity’s purchase.

Indexed annuities are tied to a stock index, and they can accumulate interest with strong market performance. With deferred annuities, purchasers begin receiving their stream of payments at a point in the future. This means that the annuity has time — called an accumulation phase — to collect earnings.

American National offers fixed annuities with a guaranteed interest rate for a specific period of time. These products can provide predictable income with a fixed rate of return, regardless of market uncertainty.

American National provides an array of online resources and personal guidance for clients. Insurance or annuity owners can access an online portal to request tax forms, pay premiums and view billing information. Annuity policy forms, including an application for an additional beneficiary, direct deposit and claim forms, are also available online.

While resources can be found at clients’ fingertips, American National values direct, individualized service.

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