GALVESTON, Texas, April 29, 2016 (GLOBE NEWSWIRE) -- American National increased its quarterly dividend for a second year based on a favorable business outlook and continued strength. At a meeting held on April 29, 2016, the Board of Directors of American National Insurance Company (NASDAQ:ANAT) declared a quarterly dividend of 82 cents per share, an increase of 2 cents from the prior quarter, on its common stock CUSIP #028591-105. In compliance with NASDAQ’s applicable dividend notice requirements, the dividend is payable June 17, 2016 to shareholders of record as of the close of business on June 3, 2016 with an ex-dividend date to be determined by the NASDAQ Stock Market, anticipated to be June 1, 2016. American National Insurance Company has paid dividends to stockholders for more than 100 consecutive years.
American National Insurance Company, headquartered in Galveston, Texas, was founded in 1905 and is licensed to conduct the business of insurance in all states except New York. American National has been assigned an ‘A’ rating by A.M. Best Company and an ‘A’ rating by Standard & Poor’s, both of which are nationally recognized rating agencies.
American National is also a family of companies that has, on a consolidated GAAP basis, $24.0 billion in assets, $19.5 billion in liabilities and $4.5 billion in stockholders’ equity. American National and its subsidiaries offer a broad line of products and services, which include life insurance, annuities, health insurance, credit insurance, pension products and property and casualty insurance for personal lines, agribusiness, and targeted commercial exposures. The American National companies operate in all 50 states. Major insurance subsidiaries include American National Life Insurance Company of Texas, American National Life Insurance Company of New York, American National Property and Casualty Company, Garden State Life Insurance Company, Standard Life and Accident Insurance Company, Farm Family Life Insurance Company, Farm Family Casualty Insurance Company and United Farm Family Insurance Company.
For more information, including company news and investor relations information, visit the company’s web site at www.AmericanNational.com.
Contact: John J. Dunn, Jr. (409) 766-6063
Source:American National Insurance Company