Stock Analysis Report

American National Insurance

Executive Summary

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.



Average dividend payer and fair value.

Similar Companies

Share Price & News

How has American National Insurance's share price performed over time and what events caused price changes?

Latest Share Price and Events

Market Performance

7 Day Return




US Insurance


US Market

1 Year Return




US Insurance


US Market

Return vs Industry: ANAT underperformed the US Insurance industry which returned 15.1% over the past year.

Return vs Market: ANAT underperformed the US Market which returned 6.7% over the past year.

Share holder returns

7 Day-1.0%-0.01%1.0%
30 Day-5.0%-1.6%-1.8%
90 Day-3.6%-3.5%-1.8%
1 Year-0.3%-2.8%17.9%15.1%9.1%6.7%
3 Year4.5%-3.6%42.0%31.1%46.1%36.6%
5 Year25.1%8.8%74.5%53.7%66.9%48.6%

Price Volatility Vs. Market

How volatile is American National Insurance's share price compared to the market and industry in the last 5 years?

Simply Wall St News


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


Price to Earnings (PE) ratio

Intrinsic Value Based on Future Cash Flows

Undervalued: ANAT ($116.81) is trading above our estimate of fair value ($53.97)

Significantly Undervalued: ANAT is trading above our estimate of fair value.

Price Based on Earnings

PE vs Industry: ANAT is good value based on its PE Ratio (7.6x) compared to the Insurance industry average (15.6x).

PE vs Market: ANAT is good value based on its PE Ratio (7.6x) compared to the US market (17.5x).

Price Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate ANAT's PEG Ratio to determine if it is good value.

Price Based on Value of Assets

PB vs Industry: ANAT is good value based on its PB Ratio (0.5x) compared to the US Insurance industry average (1.2x).

Next Steps

Future Growth

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


Forecasted annual earnings growth

Earnings and Revenue Growth Estimates

Future Annual Growth Analysis

Earnings vs Savings Rate: ANAT's forecast earnings growth (10% per year) is above the savings rate (2.7%).

Earnings vs Market: ANAT's earnings (10% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: ANAT's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if ANAT's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if ANAT's revenue is forecast to grow faster than 20% per year.

Earnings per Share Growth Estimates

Future Return on Equity

High Future ROE: Insufficient data to determine if ANAT's Return on Equity is forecast to be high in 3 years time

Next Steps

Past Performance

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


Historical annual earnings growth

Earnings and Revenue History

Past Earnings Growth Analysis

Earnings Trend: ANAT's earnings have grown by 14.6% per year over the past 5 years.

Accelerating Growth: ANAT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ANAT had negative earnings growth (-20.7%) over the past year, making it difficult to compare to the Insurance industry average (3.1%).

Return on Equity

High ROE: ANAT's Return on Equity (7.2%) is considered low.

Return on Assets

ROA vs Industry: ANAT's Return on Assets is below or equal to the Insurance industry average last year.

Return on Capital Employed

ROCE Improving: ANAT has significantly improved its Return on Capital Employed over the past 3 years.

Next Steps

Financial Health

How is American National Insurance's financial position? (This company is analysed differently as a bank or financial institution)

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Inventory Level: ANAT has a low level of unsold assets or inventory.

Debt Coverage by Assets: ANAT's debt is covered by short term assets (assets are 12.280940x debt).

Financial Institutions Analysis

Asset Level: ANAT's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if ANAT has a sufficient allowance for bad loans.

Low Risk Liabilities: ANAT reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if ANAT has an acceptable proportion of non-loan assets held.

Low Risk Deposits: ANAT has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if ANAT has an appropriate level of bad loans.

Next Steps


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


Current Dividend Yield

Dividend Yield vs Market


Current dividend yield vs market & industry

Dividend Yield and Payments Analysis

Notable Dividend: ANAT's dividend (2.81%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: ANAT's dividend (2.81%) is low compared to the top 25% of dividend payers in the US market (3.77%).

Stable Dividend: ANAT's dividends per share have been stable in the past 10 years.

Growing Dividend: ANAT's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (21.3%), ANAT's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Next Steps


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


Average management tenure


Jim Pozzi (68yo)





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 Operat ...

CEO Compensation Analysis

Compensation vs. Market: Jim's total compensation ($USD4.11M) is about average for companies of similar size in the US market ($USD5.11M).

Compensation vs Earnings: Jim's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

Management Age and Tenure


Average Tenure


Average Age

Experienced Management: ANAT's management team is seasoned and experienced (10.5 years average tenure).

Board Age and Tenure


Average Tenure


Average Age

Experienced Board: ANAT's board of directors are considered experienced (6.5 years average tenure).

Insider Trading

Insider Buying: ANAT insiders have only sold shares in the past 3 months.

Recent Insider Transactions

SellUS$11,70008 Aug 19
James Stelling
Max PriceUS$113.59
BuyUS$23,10628 May 19
Shannon Smith
Max PriceUS$115.53

Ownership Breakdown

Management Team

  • Tim Walsh (58yo)

    Executive VP of ML and P&C Operations

    • Tenure: 2.2yrs
    • Compensation: US$988.02k
  • Bernard Gerwel (60yo)

    Senior Vice President of Corporate Digital Officer

    • Tenure: 13.8yrs
  • Carol Kratz

    Assistant Vice President of Human Resources

    • Tenure: 21.6yrs
  • Brad Manning

    Senior Vice President of Life Claims & Customer Contact Center

    • Tenure: 0yrs
  • Jim Pozzi (68yo)


    • Tenure: 4.4yrs
    • Compensation: US$4.11m
  • David Behrens (56yo)

    Executive Vice President of Independent Marketing Group

    • Tenure: 20.8yrs
    • Compensation: US$1.26m
  • Dwain Akins (68yo)

    Senior VP

    • Tenure: 13.8yrs
  • Anne LeMire (56yo)

    Senior VP & Chief Securities Investment Officer

    • Tenure: 1.8yrs
  • Johnny Johnson (66yo)

    Executive VP

    • Tenure: 6.8yrs
    • Compensation: US$741.39k
  • Hoyt Strickland (62yo)

    Executive Vice President of Career Sales & Service Division

    • Tenure: 10.5yrs
    • Compensation: US$782.97k

Board Members

  • Robert Moody (83yo)

    Chairman Emeritus

    • Tenure: 3.7yrs
    • Compensation: US$193.97k
  • Ross Moody (57yo)

    Chairman of the Board

    • Tenure: 2.8yrs
  • Irwin Herz (79yo)


    • Tenure: 1.3yrs
    • Compensation: US$189.69k
  • R. Lucas (93yo)

    Advisory Director

    • Tenure: 15.8yrs
    • Compensation: US$160.09k
  • Erle McLeod (78yo)

    Independent Director

    • Tenure: 1.3yrs
    • Compensation: US$178.92k
  • Frances Moody-Dahlberg (49yo)


    • Tenure: 32.5yrs
    • Compensation: US$258.09k
  • Art Dummer (85yo)

    Independent Director

    • Tenure: 15.5yrs
    • Compensation: US$205.47k
  • Jere Pederson (72yo)

    Independent Director

    • Tenure: 5.5yrs
    • Compensation: US$218.61k
  • James Yarbrough (63yo)

    Independent Director

    • Tenure: 18.8yrs
    • Compensation: US$257.81k
  • Jim Pozzi (68yo)


    • Tenure: 4.4yrs
    • Compensation: US$4.11m

Company Information

American National Insurance Company's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: American National Insurance Company
  • Ticker: ANAT
  • Exchange: NasdaqGS
  • Founded: 1905
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: US$3.140b
  • Shares outstanding: 26.88m
  • Website:

Number of Employees


  • American National Insurance Company
  • One Moody Plaza
  • Galveston
  • Texas
  • 77550
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ANATNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJan 1969
AHKDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1969


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 seg ...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 23:31
End of Day Share Price2019/10/14 00:00
Annual Earnings2018/12/31

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.


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