american national insurance (ANAT) Key Developments
American National Insurance Co. Adopts Changes to the Amended and Restated Bylaws
Apr 27 15
On April 24, 2015, the board of directors of American National Insurance Co. adopted certain changes to the company’s amended and restated bylaws, effective as of such date. Such changes include a variety of corporate governance matters and various non-substantive administrative and structural changes.
American National Insurance Company Names James E. Pozzi as President and Chief Executive Officer
Apr 27 15
On April 24, 2015, the Board of Directors of American National Insurance Company named James E. Pozzi as President and Chief Executive Officer of the company. Prior to his promotion, Mr. Pozzi (age 64) had served as President and Chief Operating Officer since May 2012 and as Senior Executive Vice President and Chief Administrative Officer from 2008 to May 2012.
American National Declares Quarterly Dividend, Payable on June 19, 2015
Apr 24 15
American National Insurance Co. declared a quarterly dividend of 77 cents per share on its common stock. In compliance with NASDAQ's applicable dividend notice requirements, the dividend is payable June 19, 2015 to shareholders of record as of the close of business on June 5, 2015 with an ex-dividend date to be determined by the NASDAQ Stock Market, anticipated to be June 3, 2015.
American National Insurance Company Reports Unaudited Preliminary Earnings Results for the First Quarter Ended March 31, 2015
Apr 22 15
American National Insurance Company reported unaudited preliminary earnings results for the first quarter ended March 31, 2015. For the quarter, the company’s total revenues of $756.6 million were $15.9 million less or a 2.1% decrease over the first quarter in 2014, primarily due to lower annuity sales. The company reported net income of $102,982,000 or $3.82 per diluted share compared to net income of $52,254,000 or $1.94 per diluted share for the same period in 2014. First quarter after-tax operating income increased to $39,943,000 or $1.48 per diluted share, from $36,425,000 or $1.35 per diluted share for the same period in 2014. After-tax operating income excludes realized investment earnings (losses), which is comprised of realized investment gains, equity in earnings of unconsolidated affiliates and income from non-controlling interests. Realized investment earnings for the first quarter of 2015 totaled $63,039,000 or $2.34 per diluted share compared to $15,829,000 or $0.59 per diluted share for the same period in 2014. The increase in realized investment earnings was primarily due to the sale of certain real estate holdings in unconsolidated joint ventures. Book value per diluted share was $167.62 compared to $164.48 a year ago.
American National Insurance Co., Annual General Meeting, Apr 24, 2015
Apr 2 15
American National Insurance Co., Annual General Meeting, Apr 24, 2015., at 10:00 Central Daylight. Location: Mary Moody Northen Auditorium of the American National Insurance Company Building. Agenda: To consider the election of a Board of nine directors of the company; to consider the non-binding advisory vote to approve the compensation of the company's executive officers as disclosed in the accompanying proxy statement; to consider the ratification of the appointment of KPMG LLP as auditors for 2015; and to consider transaction of such other business as may properly come before the meeting or any adjournment thereof.