American National Insurance Company COMPARATIVE OPERATIONAL HIGHLIGHTS Compiled on a GAAP basis (Preliminary & Unaudited)* Quarter Ended Twelve Months Ended December 31, December 31, 2009 2008 2009 2008 ---- ---- ---- ---- Revenues $789,645,000 $540,906,000 $2,949,779,000 $2,518,641,000 After-tax earnings losses): Operating earnings (losses) ** $30,134,000 $44,019,000 $64,828,000 $92,813,000 Net realized investment gains (losses) $4,841,000 $(109,074,000) $(49,203,000) $(246,811,000) Net income (loss) $34,975,000 $(65,055,000) $15,625,000 $(153,998,000) Per share earnings (losses): Operating earnings – Diluted ** $1.13 $1.66 $2.44 $3.50 Net realized investment gains (losses) – Diluted $0.18 $(4.12) $(1.85) $(9.32) Net income (loss) – Diluted $1.31 $(2.46) $0.59 $(5.82) Diluted number of shares upon which computations are based: 26,597,476 26,479,832 26,597,476 26,479,832 As of ------------------------------ December 31, December 31, 2009 2008 ------------- ------------- Book value per basic share $130.29 $118.35 * Results are preliminary and unaudited. American National expects to timely file its annual Form 10-K in March. ** Operating earnings exclude after-tax realized investment gains and losses. The sum of Operating earnings (losses) and Net realized investment gains (losses) is equal to Net income (loss).American National Insurance Company is headquartered in Galveston, Texas. American National has over $20.1 billion in assets and is rated A (Excellent) by A.M. Best Company, and AA- (Very Strong) by Standard & Poor's. The American National family of companies offers 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. American National's major insurance subsidiaries include American National Life Insurance Company of Texas, Standard Life and Accident Insurance Company, Garden State Life Insurance Company, American National Property and Casualty 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.anico.com . The statements contained in this release that are not historical statements, including statements regarding future performance, plans and projections, are forward-looking statements based on management's current expectations. Such forward-looking statements are made under "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements involve certain risks and uncertainties detailed in the Company's financial statements and in the Company's Form 10 registration statement filed with the Securities and Exchange Commission. Actual results may differ materially from these statements due to changes in business, regulatory, competitive, market, economic, and political factors that are beyond our control. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. SOURCE American National Insurance Company
American National Announces Fourth Quarter 2009 Results
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