American National Insurance Company (ANAT) financial statements (2020 and earlier)

Company profile

Business Address ONE MOODY PLAZA
GALVESTON, TX 77550
State of Incorp. TX
Fiscal Year End December 31
SIC 6311 - Life Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8774751,035482651640613
Cash and cash equivalents452268376289190209118
Short-term investments425207659192461431495
Total current assets:8774751,035482651640613
Noncurrent Assets
Property, plant and equipment106109116116121111107
Long-term investments and receivables706572484490379319341
Long-term investments706572484490379319341
Amortization method qualified affordable housing project investments    42
Total noncurrent assets:812681600607542430448
Other undisclosed assets26,90825,75624,75223,44522,55422,48222,263
TOTAL ASSETS:28,59826,91226,38724,53323,74723,55223,325
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    311003
Total current liabilities:    311003
Noncurrent Liabilities
Long-term debt and lease obligation   13697  
Long-term debt, excluding current maturities   13697  
Liabilities, other than long-term debt395      
Deferred income tax liabilities395
Total noncurrent liabilities:395  13697  
Other undisclosed liabilities22,20721,64121,13119,73619,15619,00819,118
Total liabilities:22,60221,64121,13119,87219,28419,10819,122
Stockholders' equity
Stockholders' equity attributable to parent5,9905,2575,2474,6524,4524,4324,191
Common stock31313131313131
Treasury stock, value(108)(108)(102)(102)(102)(102)(97)
Additional paid in capital212119161495
Accumulated other comprehensive income (loss)100(100)642456353491414
Retained earnings5,9475,4144,6564,2514,1574,0033,839
Stockholders' equity attributable to noncontrolling interest61499101213
Total stockholders' equity:5,9965,2725,2564,6614,4624,4454,203
TOTAL LIABILITIES AND EQUITY:28,59826,91226,38724,53323,74723,55223,325

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues4,0703,3263,4113,2283,0173,0513,119
Net investment income1,0778589668608359331,017
Financial services revenue2493072502,0401,736
Cost of revenue(512)(316)(415)(332)(293)(759)835
Policyholder account balance, interest expense(512)(316)(415)(332)(293)(353)426
Deferred policy acquisition costs, amortization expense     (400)409
Gross profit:3,5583,0112,9962,8962,7242,2923,954
Operating expenses(1,058)(1,061)(1,066)(969)(927)(921)(535)
Operating income:2,5011,9501,9301,9271,7971,3703,420
Nonoperating income
(Investment Income, Nonoperating)
     48124
Other undisclosed loss from continuing operations before equity method investments, income taxes  (1,620)(1,728)(1,529)(1,090)(3,181)
Income from continuing operations before equity method investments, income taxes:2,5011,950309199269329362
Income from equity method investments10421875777129
Income from continuing operations before income taxes:2,6041,971396256346341372
Income tax expense (benefit)  100(74)(104)(92) 
Income before gain (loss) on sale of properties:2,6041,971496183242249372
Other undisclosed net loss(1,972)(1,810)    (100)
Net income:632160496183242249272
Net income (loss) attributable to noncontrolling interest(11)(1)(2)(2)1(1)(4)
Net income available to common stockholders, diluted:620159494181243247268

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:632160496183242249272
Other comprehensive income (loss)200(115)186103(138)77172
Comprehensive income:83246682286104326444
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(11)(1)(2)(2)1(1)4
Other undisclosed comprehensive loss, net of tax, attributable to parent      (8)
Comprehensive income, net of tax, attributable to parent:82044680284105324440

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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