American national insurance co (ANAT)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Fixed maturity, bonds held-to-maturity, at amortized cost, net of allowance for credit losses of $21,385 in 2020 (Fair value $8,501,656 in 2020 and $8,968,690 in 2019)

8,554

8,631

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt Securities, Held-to-maturity

-

-

8,715

8,394

8,208

8,211

8,010

7,876

7,915

7,552

7,342

7,149

7,063

7,251

7,363

7,456

7,567

7,609

7,689

7,834

7,969

8,225

8,364

8,320

8,498

8,491

8,674

8,941

9,061

9,009

9,187

9,167

9,317

9,251

9,322

9,161

8,513

Fixed maturity, bonds available-for-sale, at fair value (Amortized cost $6,447,577 in 2020 and $6,435,670 in 2019)

6,480

6,725

6,826

6,842

6,584

6,215

6,074

6,050

6,145

6,145

6,045

5,918

5,900

5,803

5,925

5,894

5,776

5,483

5,334

5,131

5,070

4,921

4,926

4,927

4,891

4,599

4,557

4,559

4,769

4,665

4,668

4,502

4,497

4,381

4,309

4,319

4,123

Equity securities, at fair value (Cost $693,708 in 2020 and $663,058 in 2019)

1,375

1,700

1,678

1,672

1,698

1,530

1,810

1,820

1,770

1,784

1,702

1,641

1,616

1,541

1,546

1,531

1,510

1,514

1,410

1,516

1,521

1,516

1,494

1,501

1,424

1,410

1,277

1,228

1,208

1,075

1,094

1,057

1,095

1,006

945

1,095

1,082

Mortgage loans on real estate, net of allowance for credit losses of $59,445 in 2020

5,125

5,097

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage loans on real estate, net of allowance

-

-

4,936

5,014

4,960

5,124

5,139

5,114

4,920

4,749

4,782

4,647

4,463

4,348

4,113

3,996

3,693

3,483

3,444

3,311

3,344

3,359

3,318

3,311

3,290

3,299

3,333

3,240

3,170

3,143

3,058

3,060

2,973

2,925

2,793

2,734

2,679

Policy loans

380

379

380

377

375

376

374

376

374

377

376

383

383

384

384

388

405

407

406

405

406

405

404

399

399

397

395

393

393

395

393

392

392

393

389

386

380

Investment real estate, net of accumulated depreciation of $260,893 in 2020 and $256,757 in 2019

545

551

556

582

592

587

543

529

536

532

549

555

586

593

592

589

584

581

539

514

501

479

458

492

491

507

471

437

513

511

508

490

480

470

461

466

521

Short-term investments

418

425

398

597

726

206

217

302

284

658

561

576

411

192

405

252

312

460

494

430

520

431

346

341

245

495

339

171

233

313

321

341

228

345

350

475

486

Other invested assets

74

76

63

54

56

50

74

85

82

80

110

108

115

113

217

178

170

71

186

228

216

220

202

196

178

201

161

156

147

125

129

120

126

109

96

120

119

Total investments

22,954

23,587

23,555

23,535

23,202

22,302

22,245

22,156

22,030

21,880

21,471

20,982

20,541

20,227

20,549

20,288

20,020

19,612

19,506

19,372

19,551

19,559

19,515

19,491

19,419

19,402

19,210

19,129

19,497

19,238

19,362

19,133

19,111

18,883

18,670

18,760

17,907

Cash and cash equivalents

328

452

436

312

331

268

606

441

329

375

350

442

296

289

107

133

148

310

169

158

170

209

136

134

169

117

122

113

113

303

162

150

100

102

100

78

101

Investments in unconsolidated affiliates

757

705

666

622

587

571

535

525

493

484

527

501

505

490

465

456

410

379

342

318

345

311

335

340

348

341

316

293

264

248

240

234

244

241

231

223

195

Accrued investment income

192

200

191

197

185

188

186

191

193

187

183

179

180

180

180

177

170

177

182

176

184

185

198

195

204

194

203

199

208

207

217

211

217

213

218

212

201

Reinsurance recoverables, net of allowance for credit losses of $17,713 in 2020

405

411

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reinsurance Recoverables, Including Reinsurance Premium Paid

-

-

434

437

419

427

460

436

412

418

408

377

372

401

422

364

386

413

410

409

415

428

410

413

410

414

400

392

407

418

388

388

380

405

411

434

355

Prepaid reinsurance premiums

38

44

51

50

52

53

56

55

61

63

65

64

62

63

69

62

65

77

70

66

55

56

55

54

54

57

51

52

53

56

61

64

67

68

73

75

75

Premiums due and other receivables

377

341

361

364

344

345

377

361

329

314

335

326

313

296

308

321

290

285

301

315

295

280

294

291

275

279

309

308

287

283

308

306

288

280

303

310

287

Deferred policy acquisition costs

1,514

1,423

1,437

1,486

1,464

1,497

1,458

1,452

1,410

1,373

1,352

1,322

1,298

1,294

1,280

1,281

1,297

1,324

1,289

1,264

1,233

1,253

1,249

1,246

1,258

1,277

1,274

1,275

1,234

1,247

1,269

1,293

1,301

1,320

1,353

1,333

1,318

Property and equipment, net of accumulated depreciation of $263,857 in 2020 and $257,907 in 2019

105

106

107

106

106

109

111

112

114

115

116

118

118

116

117

120

119

120

122

119

117

110

119

110

109

107

101

98

90

92

85

82

80

77

78

77

77

Current tax receivable

-

-

14

0

0

8

42

0

6

44

39

68

64

61

51

41

16

4

-

-

-

8

4

17

9

18

0

6

5

14

-

2

4

17

1

16

8

Prepaid pension

81

78

63

61

59

57

32

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

187

171

173

181

204

163

147

149

141

158

146

140

146

169

129

139

141

140

141

143

175

137

148

153

151

142

179

207

151

154

135

137

134

131

135

140

138

Separate account assets

893

1,073

1,025

1,028

1,004

918

1,043

947

939

969

933

922

949

941

913

900

899

918

894

974

992

1,001

992

1,006

981

970

931

885

888

841

817

776

798

747

711

785

780

Total assets

27,838

28,597

28,518

28,386

27,964

26,912

27,303

26,830

26,463

26,386

25,931

25,448

24,850

24,533

24,596

24,287

23,967

23,766

23,432

23,319

23,536

23,544

23,460

23,458

23,393

23,324

23,103

22,964

23,200

23,107

23,049

22,780

22,729

22,489

22,288

22,446

21,448

LIABILITIES
Future policy benefits
Life

3,098

3,087

3,071

3,065

3,060

3,047

3,023

3,004

3,002

2,997

2,991

2,970

2,955

2,939

2,895

2,878

2,863

2,853

2,816

2,795

2,787

2,770

2,736

2,714

2,723

2,677

2,677

2,661

2,639

2,650

2,641

2,627

2,614

2,599

2,580

2,566

2,539

Annuity

1,565

1,571

1,586

1,569

1,539

1,524

1,501

1,477

1,435

1,400

1,369

1,327

1,287

1,277

1,265

1,222

1,161

1,113

1,061

1,035

1,030

1,006

982

982

938

903

854

844

827

811

801

786

766

748

737

730

865

Health

49

49

50

50

50

51

54

55

55

57

57

58

59

60

61

62

63

65

66

67

56

58

70

72

61

71

65

67

68

69

71

72

73

74

76

77

81

Policyholders’ account balances

12,857

12,957

13,040

13,089

12,903

12,461

12,522

12,430

12,238

12,060

11,827

11,540

11,171

11,068

11,112

11,038

10,952

10,829

10,669

10,475

10,604

10,781

10,893

10,893

11,018

11,181

11,201

11,267

11,453

11,555

11,621

11,577

11,555

11,506

11,449

11,344

10,475

Policy and contract claims

1,470

1,489

1,492

1,477

1,473

1,481

1,472

1,457

1,375

1,390

1,365

1,320

1,298

1,303

1,323

1,257

1,282

1,280

1,269

1,280

1,296

1,297

1,289

1,305

1,313

1,297

1,290

1,304

1,362

1,340

1,330

1,358

1,318

1,340

1,331

1,375

1,298

Unearned premium reserve

945

933

960

953

920

908

941

928

898

875

893

878

845

823

849

832

808

812

822

802

763

755

779

777

749

739

773

773

752

757

804

816

809

797

841

833

824

Other policyholder funds

348

361

353

348

339

318

329

324

325

334

328

324

321

318

316

326

311

305

343

354

356

291

332

338

330

326

303

298

296

288

287

280

281

288

270

293

277

Liability for retirement benefits

65

67

71

72

73

73

78

109

111

114

130

137

149

152

196

199

202

207

186

190

200

195

143

145

147

160

273

270

268

265

248

251

253

257

184

188

187

Notes payable

156

157

159

159

137

137

137

136

137

137

138

140

139

136

146

140

135

128

126

122

116

108

109

112

113

113

114

-

-

163

-

-

-

-

-

-

-

Deferred tax liabilities, net

269

394

392

373

338

264

345

295

294

316

476

445

413

367

348

299

251

219

226

277

302

287

286

292

254

220

120

-106

-135

92

-88

-49

76

-21

20

70

53

Current tax payable

31

9

-

1

8

0

-

-

-

-

-

-

-

-

-

-

-

-

7

6

24

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current federal income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

-

-

-

4

-

-

-

-

-

-

Current portion of long-term notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

52

-

48

47

45

46

0

0

47

Long-term notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

112

112

-

112

12

12

12

58

58

12

Other liabilities

478

446

483

428

521

452

472

420

428

477

536

581

521

481

486

513

509

570

494

440

471

550

433

438

490

456

453

438

395

432

332

375

368

397

388

419

368

Separate account liabilities

893

1,073

1,025

1,028

1,004

918

1,043

947

939

969

933

922

949

941

913

900

899

918

894

974

992

1,001

992

1,006

981

970

931

885

888

841

817

776

798

747

711

785

780

Total liabilities

22,231

22,601

22,686

22,618

22,371

21,640

21,922

21,588

21,242

21,130

21,048

20,648

20,112

19,871

19,915

19,669

19,442

19,304

18,986

18,823

19,005

19,104

19,051

19,079

19,123

19,121

19,078

19,031

19,253

19,267

19,211

19,033

18,974

18,839

18,650

18,742

17,811

EQUITY
American National stockholders’ equity:
Common stock, $1.00 par value, Authorized 50,000,000 in 2020 and 2019, Issued 30,832,449 in 2020 and 2019 Outstanding 26,887,200 shares in 2020 and 2019

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

Additional paid-in capital

21

21

20

20

20

20

20

20

20

19

18

18

17

16

16

15

15

13

13

12

11

9

8

8

6

4

4

3

2

0

5

7

1

-

18

17

15

Accumulated other comprehensive income (loss)

-12

99

85

86

-13

-99

-123

-110

-86

642

592

560

513

455

514

488

406

352

376

446

498

490

504

521

447

413

281

252

307

242

279

224

238

159

163

264

225

Retained earnings

5,669

5,946

5,797

5,727

5,650

5,413

5,553

5,401

5,350

4,656

4,333

4,282

4,268

4,250

4,212

4,175

4,164

4,157

4,115

4,095

4,080

3,998

3,954

3,907

3,870

3,838

3,791

3,730

3,692

3,653

3,608

3,569

3,570

3,545

3,534

3,497

3,459

Treasury stock, at cost

108

108

108

108

108

108

108

108

101

101

101

101

101

101

101

101

101

102

102

101

101

101

101

101

97

97

97

97

97

98

98

98

98

98

98

98

98

Total American National stockholders’ equity

5,601

5,989

5,826

5,757

5,580

5,257

5,372

5,234

5,213

5,246

4,874

4,790

4,729

4,652

4,672

4,608

4,516

4,452

4,433

4,484

4,519

4,427

4,396

4,366

4,258

4,190

4,011

3,919

3,936

3,827

3,825

3,734

3,742

3,637

3,647

3,711

3,632

Noncontrolling interest

6

6

5

9

12

14

8

7

8

9

9

8

8

9

9

8

9

10

11

11

11

12

12

11

11

12

13

13

10

11

12

13

12

12

-9

-7

4

Total equity

5,607

5,995

5,831

5,767

5,592

5,271

5,381

5,242

5,221

5,255

4,883

4,799

4,737

4,661

4,681

4,617

4,525

4,462

4,445

4,495

4,531

4,439

4,409

4,378

4,270

4,203

4,025

3,932

3,947

3,839

3,838

3,747

3,755

3,650

3,638

3,703

3,636

Total liabilities and equity

27,838

28,597

28,518

28,386

27,964

26,912

27,303

26,830

26,463

26,386

25,931

25,448

24,850

24,533

24,596

24,287

23,967

23,766

23,432

23,319

23,536

23,544

23,460

23,458

23,393

23,324

23,103

22,964

23,200

23,107

23,049

22,780

22,729

22,489

22,288

22,446

21,448