GALVESTON, Texas, Feb. 28, 2013 (GLOBE NEWSWIRE) -- American National Insurance Company's (Nasdaq:ANAT) board of directors declared a quarterly dividend of 77 cents per share on its common stock, CUSIP #028591-105, at its February 28, 2013 board meeting. In compliance with NASDAQ's applicable dividend notice requirements, the dividend is payable March 25, 2013 to shareholders of record as of the close of business on March 11, 2013. American National Insurance Company has paid dividends to stockholders for more than 100 consecutive years.
American National Insurance Company (American National), 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 evaluated and assigned the following ratings by nationally recognized rating agencies: A (Excellent) by A.M. Best Company, third highest of 13 active company ratings noted as "An excellent ability to meet their ongoing insurance obligations" and A (Strong) by Standard & Poor's, sixth highest of 20 active company ratings noted as "Strong capacity to meet financial commitments but somewhat subject to adverse economic conditions."
American National is also a family of companies that has, on a consolidated GAAP basis, $23.0 billion in assets, $19.2 billion in liabilities and $3.8 billion in stockholders' equity. 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. The American National family of companies operates in all 50 states and its 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, Standard Life and Accident Insurance Company, Farm Family Life Insurance Company, Farm Family Casualty Insurance Company and United Farm Family Insurance Company.