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American National Insurance

DB:AHK
Snowflake Description

Average dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AHK
DB
$3B
Market Cap
  1. Home
  2. DE
  3. Insurance
Company description

American National Insurance Company, together with its subsidiaries, provides various insurance products and services in the United States, the District of Columbia, and Puerto Rico. The last earnings update was 70 days ago. More info.


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AHK Share Price and Events
7 Day Returns
0%
DB:AHK
-0.7%
DE Insurance
-1%
DE Market
1 Year Returns
3%
DB:AHK
20.9%
DE Insurance
-6.2%
DE Market
AHK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
American National Insurance (AHK) 0% 4.2% 2.7% 3% - -
DE Insurance -0.7% 3.8% 3.4% 20.9% 60.9% 63.3%
DE Market -1% 2.1% -1.8% -6.2% 10.4% 12.6%
1 Year Return vs Industry and Market
  • AHK underperformed the Insurance industry which returned 20.9% over the past year.
  • AHK outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
AHK
Industry
5yr Volatility vs Market
Related Companies

AHK Value

 Is American National Insurance undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of American National Insurance to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for American National Insurance.

DB:AHK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $181.48 * 4%
$7.31
Book Value of Equity per Share Median Book Value from the past 5 years. $181.48
Discount Rate (Cost of Equity) See below 5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:AHK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.685 (1 + (1- 21%) (4.22%))
0.805
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.805 * 5.96%)
5.02%

Discounted Cash Flow Calculation for DB:AHK using Excess Returns Model Model

The calculations below outline how an intrinsic value for American National Insurance is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:AHK Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4% – 5.02%) * $181.48)
$-1.80
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-1.80 / (5.02% - 0.23%)
$-37.58
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $181.48 + $-37.58
$143.89
DB:AHK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:AHK represents 0.88262x of NasdaqGS:ANAT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88262x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 143.89 x 0.88262
€127.00
Value per share (EUR) From above. €127.00
Current discount Discount to share price of €107.00
= -1 x (€107.00 - €127.00) / €127.00
15.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price American National Insurance is available for.
Intrinsic value
16%
Share price is €107 vs Future cash flow value of €127
Current Discount Checks
For American National Insurance to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • American National Insurance's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • American National Insurance's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for American National Insurance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are American National Insurance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:AHK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $14.82
NasdaqGS:ANAT Share Price ** NasdaqGS (2019-07-16) in USD $121.23
Germany Insurance Industry PE Ratio Median Figure of 6 Publicly-Listed Insurance Companies 13.48x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 19.92x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of American National Insurance.

DB:AHK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:ANAT Share Price ÷ EPS (both in USD)

= 121.23 ÷ 14.82

8.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • American National Insurance is good value based on earnings compared to the DE Insurance industry average.
  • American National Insurance is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does American National Insurance's expected growth come at a high price?
Raw Data
DB:AHK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
8.6%per year
Germany Insurance Industry PEG Ratio Median Figure of 5 Publicly-Listed Insurance Companies 3.11x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for American National Insurance, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on American National Insurance's assets?
Raw Data
DB:AHK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $207.63
NasdaqGS:ANAT Share Price * NasdaqGS (2019-07-16) in USD $121.23
Germany Insurance Industry PB Ratio Median Figure of 6 Publicly-Listed Insurance Companies 1.08x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.75x
DB:AHK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:ANAT Share Price ÷ Book Value per Share (both in USD)

= 121.23 ÷ 207.63

0.58x

* Primary Listing of American National Insurance.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • American National Insurance is good value based on assets compared to the DE Insurance industry average.
X
Value checks
We assess American National Insurance's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. American National Insurance has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AHK Future Performance

 How is American National Insurance expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover American National Insurance, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is American National Insurance expected to grow at an attractive rate?
  • American National Insurance's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • American National Insurance's earnings growth is positive but not above the Germany market average.
  • Unable to compare American National Insurance's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:AHK Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:AHK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 8.6%
Germany Insurance Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
Germany Insurance Industry Revenue Growth Rate Market Cap Weighted Average 5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:AHK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:AHK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 3,647 543 398
2018-12-31 3,326 496 159
2018-09-30 3,732 489 621
2018-06-30 3,553 518 521
2018-03-31 3,435 506 473
2017-12-31 3,411 496 494
2017-09-30 3,326 443 209
2017-06-30 3,276 402 195
2017-03-31 3,243 381 192
2016-12-31 3,228 402 181
2016-09-30 3,232 450 184
2016-06-30 3,109 470 167

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • American National Insurance's earnings are expected to grow by 8.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if American National Insurance is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:AHK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from American National Insurance Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AHK Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 14.82
2018-12-31 5.91
2018-09-30 23.09
2018-06-30 19.37
2018-03-31 17.57
2017-12-31 18.35
2017-09-30 7.76
2017-06-30 7.24
2017-03-31 7.12
2016-12-31 6.73
2016-09-30 6.84
2016-06-30 6.20

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if American National Insurance will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess American National Insurance's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
American National Insurance has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AHK Past Performance

  How has American National Insurance performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare American National Insurance's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • American National Insurance's year on year earnings growth rate has been positive over the past 5 years.
  • American National Insurance's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • American National Insurance's 1-year earnings growth is negative, it can't be compared to the DE Insurance industry average.
Earnings and Revenue History
American National Insurance's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from American National Insurance Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AHK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 3,646.70 398.44 0.69
2018-12-31 3,326.38 159.00 0.57
2018-09-30 3,732.04 620.96 -4.66
2018-06-30 3,552.56 520.77 -4.35
2018-03-31 3,434.58 472.59 11.97
2017-12-31 3,411.00 493.65 12.41
2017-09-30 3,326.03 208.84 8.37
2017-06-30 3,276.42 194.86 6.82
2017-03-31 3,242.78 191.53 1.23
2016-12-31 3,227.95 181.00 7.42
2016-09-30 3,232.08 184.17
2016-06-30 3,108.80 166.89
2016-03-31 3,025.86 169.32
2015-12-31 3,017.46 242.99
2015-09-30 2,951.13 249.02
2015-06-30 2,997.44 273.94
2015-03-31 3,034.72 296.06
2014-12-31 3,050.59 245.34
2014-09-30 3,088.39 243.99
2014-06-30 3,127.73 259.66
2014-03-31 3,146.60 260.66
2013-12-31 3,119.21 266.48
2013-09-30 3,057.56 266.89 2.46
2013-06-30 3,032.13 243.46 -8,637.84
2013-03-31 2,989.43 205.80 10.16
2012-12-31 2,987.06 191.04
2012-09-30 3,010.37 181.26 8.92

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • American National Insurance has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • American National Insurance used its assets more efficiently than the DE Insurance industry average last year based on Return on Assets.
  • American National Insurance has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess American National Insurance's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
American National Insurance has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AHK Health

 How is American National Insurance's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up American National Insurance's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • American National Insurance's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • American National Insurance's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of American National Insurance's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 15x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from American National Insurance Company Filings, last reported 3 months ago.

DB:AHK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 5,592.92 137.49 1,058.48
2018-12-31 5,271.52 137.96 474.92
2018-09-30 5,381.67 137.50 824.00
2018-06-30 5,242.07 136.73 744.12
2018-03-31 5,221.51 137.39 613.49
2017-12-31 5,255.77 137.46 1,034.60
2017-09-30 4,883.55 138.17 912.50
2017-06-30 4,799.35 140.22 1,019.81
2017-03-31 4,737.91 139.67 708.18
2016-12-31 4,661.50 136.08 481.56
2016-09-30 4,681.40 146.07 512.46
2016-06-30 4,617.40 140.24 386.32
2016-03-31 4,525.61 135.98 461.25
2015-12-31 4,462.47 128.44 771.54
2015-09-30 4,445.03 126.15 663.97
2015-06-30 4,495.23 122.46 589.22
2015-03-31 4,531.55 116.44 690.35
2014-12-31 4,439.95 108.18 640.46
2014-09-30 4,409.10 109.35 482.49
2014-06-30 4,378.24 112.45 476.22
2014-03-31 4,270.19 113.07 414.83
2013-12-31 4,203.33 113.85 613.33
2013-09-30 4,025.05 114.13 462.12
2013-06-30 3,932.85 114.74 285.66
2013-03-31 3,947.27 165.13 346.28
2012-12-31 3,839.33 163.38 616.09
2012-09-30 3,838.20 161.25 484.14
  • American National Insurance's level of debt (2.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (2.6% vs 2.5% today).
  • Debt is well covered by operating cash flow (395%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on American National Insurance's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess American National Insurance's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. American National Insurance has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AHK Dividends

 What is American National Insurance's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.71%
Current annual income from American National Insurance dividends.
If you bought €2,000 of American National Insurance shares you are expected to receive €54 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • American National Insurance's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • American National Insurance's dividend is below the markets top 25% of dividend payers in Germany (3.82%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:AHK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Insurance Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:AHK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-26 3.280 2.830
2019-02-28 3.280 2.587
2018-10-25 3.280 2.515
2018-07-26 3.280 2.566
2018-04-27 3.280 2.708
2018-02-22 3.280 2.788
2017-11-02 3.280 2.639
2017-08-03 3.280 2.770
2017-04-28 3.280 2.810
2017-03-02 3.280 2.804
2016-11-03 3.280 2.694
2016-08-04 3.280 2.787
2016-04-29 3.280 2.841
2016-02-25 3.200 2.833
2015-10-29 3.200 3.188
2015-07-30 3.200 3.160
2015-04-24 3.080 2.994
2015-02-24 3.080 3.097
2014-10-30 3.080 2.803
2014-07-31 3.080 2.729
2014-04-25 3.080 2.702
2014-02-27 3.080 2.730
2013-10-31 3.080 2.791
2013-07-25 3.080 2.962
2013-04-26 3.080 3.070
2013-02-28 3.080 3.621
2012-10-25 3.080 4.258
2012-07-26 3.080 4.329
2012-04-27 3.080 4.392
2012-02-23 3.080 4.288
2011-10-27 3.080 4.268
2011-07-28 3.080 4.278
2011-04-29 3.080 3.977
2011-02-24 3.080 3.924
2010-10-28 3.080 3.695
2010-07-29 3.080 3.955
2010-05-03 3.080 3.316
2010-02-26 3.080 2.713
2009-10-29 3.080 2.905
2009-07-30 3.080 3.613
2009-04-24 3.080 4.127
2009-02-26 3.080 6.254
2008-10-30 3.080 4.997
2008-07-31 3.080 3.583

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of American National Insurance's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess American National Insurance's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can American National Insurance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. American National Insurance has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AHK Management

 What is the CEO of American National Insurance's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jim Pozzi
COMPENSATION $4,110,207
AGE 68
TENURE AS CEO 4.2 years
CEO Bio

Mr. James E. Pozzi has been the President of American National Insurance Co. since May 1, 2012 and has been its Chief Executive Officer since May 1, 2015. Mr. Pozzi served as the President and Chief Operating Officer of American National Life Insurance Co. of New York until June 2012. From 2008 to 2012, Mr. Pozzi served as the Chief Administrative Officer and Senior Executive Vice President at American National Insurance Co. and served as its Chief Operating Officer from May 2012 to May 2015. He served as Senior Executive Vice President of Corporate Planning Systems & Life Administration at American National Insurance Co. from 2004 to 2008 and Executive Vice President of Corporate Planning & Development from 1996 to 2004. He served as the Chairman of American National Insurance Co. from February 25, 2016 to April 28, 2017. He has been a Director American National Insurance Co. since April 27, 2012. He serves as a Director of American National Registered Investment Advisor, Inc.

CEO Compensation
  • Jim's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Jim's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the American National Insurance management team in years:

10.3
Average Tenure
61
Average Age
  • The average tenure for the American National Insurance management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jim Pozzi

TITLE
President
COMPENSATION
$4M
AGE
68
TENURE
4.2 yrs

Tim Walsh

TITLE
Executive VP of ML and P&C Operations
COMPENSATION
$988K
AGE
58
TENURE
1.9 yrs

Johnny Johnson

TITLE
Executive VP
COMPENSATION
$741K
AGE
66
TENURE
6.5 yrs

David Behrens

TITLE
Executive Vice President of Independent Marketing Group
COMPENSATION
$1M
AGE
56
TENURE
20.5 yrs

Hoyt Strickland

TITLE
Executive Vice President of Career Sales & Service Division
COMPENSATION
$783K
AGE
62
TENURE
10.3 yrs

Anne LeMire

TITLE
Senior VP & Chief Securities Investment Officer
AGE
56
TENURE
1.5 yrs

Dwain Akins

TITLE
Senior VP
AGE
68
TENURE
13.5 yrs

Carol Kratz

TITLE
Assistant Vice President of Human Resources
TENURE
21.3 yrs

Bernard Gerwel

TITLE
Senior Vice President of Corporate Digital Officer
AGE
60
TENURE
13.5 yrs

Brad Manning

TITLE
Senior Vice President of Life Claims & Customer Contact Center
Board of Directors Tenure

Average tenure and age of the American National Insurance board of directors in years:

6.3
Average Tenure
75
Average Age
  • The tenure for the American National Insurance board of directors is about average.
Board of Directors

Ross Moody

TITLE
Chairman of the Board
AGE
57
TENURE
2.5 yrs

Jim Pozzi

TITLE
President
COMPENSATION
$4M
AGE
68
TENURE
7.3 yrs

Robert Moody

TITLE
Chairman Emeritus
COMPENSATION
$194K
AGE
83
TENURE
3.4 yrs

James Yarbrough

TITLE
Director
COMPENSATION
$258K
AGE
63
TENURE
18.5 yrs

Art Dummer

TITLE
Independent Director
COMPENSATION
$205K
AGE
85
TENURE
15.3 yrs

Jere Pederson

TITLE
Director
COMPENSATION
$219K
AGE
72
TENURE
5.3 yrs

Irwin Herz

TITLE
Director
COMPENSATION
$190K
AGE
79
TENURE
1 yrs

R. Lucas

TITLE
Advisory Director
COMPENSATION
$160K
AGE
93
TENURE
15.5 yrs

Erle McLeod

TITLE
Director
COMPENSATION
$179K
AGE
78
TENURE
1 yrs

Frances Moody-Dahlberg

TITLE
Director
COMPENSATION
$258K
AGE
49
TENURE
32.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by American National Insurance individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
28. May 19 Buy Shannon Smith Individual 28. May 19 28. May 19 200 €103.38 €20,676
03. Aug 18 Buy Elvin Pederson Individual 01. Aug 18 01. Aug 18 40 €111.24 €4,450
X
Management checks
We assess American National Insurance's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. American National Insurance has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AHK News

Simply Wall St News

AHK Company Info

Description

American National Insurance Company, together with its subsidiaries, provides various insurance products and services in the United States, the District of Columbia, and Puerto Rico. The company’s Life segment offers whole life, term life, universal life, variable universal life, and credit life insurance products. Its Annuity segment provides deferred, variable, and single premium immediate annuity products. The company’s Health segment offers medicare supplement, supplemental, stop-loss, credit disability, and medical expense insurance. Its Property and Casualty segment provides personal lines insurance, such as auto, homeowners, boats, motorcycles, recreational vehicles, and other exposures; and commercial lines of insurance, including property and casualty coverage tailored for a farm, ranch, or other agricultural business within the rural and suburban markets, as well as business owners, property, liability, mortgage security insurance, and workers’ compensation coverages. This segment also offers credit-related property insurance products comprising collateral or creditor protection insurance; and guaranteed auto protection or guaranteed asset protection insurance. The company distributes its products through career and multiple-line agents, broker-dealers, independent insurance agents and brokers, managing general underwriters, marketing organizations, employee benefit firms, and financial institutions, as well as through direct marketing channels, Internet, and call centers. American National Insurance Company was founded in 1905 and is headquartered in Galveston, Texas.

Details
Name: American National Insurance Company
AHK
Exchange: DB
Founded: 1905
$2,905,120,748
26,877,200
Website: http://www.americannational.com
Address: American National Insurance Company
One Moody Plaza,
Galveston,
Texas, 77550,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS ANAT Common Stock Nasdaq Global Select US USD 02. Jan 1969
DB AHK Common Stock Deutsche Boerse AG DE EUR 02. Jan 1969
Number of employees
Current staff
Staff numbers
4,640
American National Insurance employees.
Industry
Multi-line Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 22:55
End of day share price update: 2019/07/16 00:00
Last earnings filing: 2019/05/07
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.