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Stock impact report

American National Announces First Quarter Results

American National Group, Inc. (ANAT) 
Company Research Source: GlobeNewswire
GALVESTON, Texas, April 24, 2018 (GLOBE NEWSWIRE) -- American National Insurance Company (Nasdaq:ANAT) announced net income of $18.8 million or $0.70 per diluted share for the first quarter of 2018. Net income for the first quarter of 2018 was reduced by $25.7 million in unrealized losses on equity securities as a result of our adoption of new accounting guidance(1) which impacted the first quarter of 2018 but not the first quarter of 2017.  Excluding the impact of these unrealized losses, net income would have been $44.5 million or $1.66 per diluted share as compared to first quarter 2017 net income of $39.8 million or $1.48 per diluted share. Operating income for the first quarter of 2018 increased to $44.1 million or $1.63 per diluted share compared to $28.3 million or $1.05 per diluted share for the same period of 2017.  Operating income for the quarter primarily increased as a result of improved earnings from our property and casualty segment due to a lower combined ratio in t Show less Read more
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