American national insurance co (ANAT)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
OPERATING ACTIVITIES
Net income (loss)

631,777

160,422

495,607

182,667

242,376

246,826

270,414

192,258

191,803

143,275

15,167

Adjustments to reconcile net income to net cash provided by operating activities:
Net realized investment gains

37,719

18,174

-

-

-

-

-

-

-

-

-

Gain (Loss) on Investments, Excluding Other than Temporary Impairments

-

-

104,595

46,607

87,385

48,062

124,144

90,725

100,369

79,575

3,406

Investment credit loss

6,968

1,243

13,386

17,667

27,942

6,640

4,591

22,517

9,503

5,666

79,103

Accretion of premiums, discounts and loan origination fees

4,394

6,163

2,008

2,926

-2,701

-7,294

-6,052

1,528

-5,010

-13,375

-10,958

Net capitalized interest on policy loans and mortgage loans

34,081

39,262

32,551

32,813

31,360

32,122

28,060

27,058

30,517

30,310

27,881

Depreciation

53,160

52,049

53,937

45,278

40,573

38,414

31,176

36,573

40,407

40,017

44,744

Interest credited to policyholders’ account balances

511,999

315,684

415,190

331,770

293,464

353,492

426,102

416,015

405,083

393,119

370,563

Charges to policyholders’ account balances

305,256

285,549

248,526

306,880

250,265

224,254

210,224

198,401

189,494

185,805

173,360

Deferred federal income tax expense (benefit)

78,385

-22,599

-142,096

93,082

9,741

19,067

34,277

23,447

13,266

-3,574

-16,825

Deferral of policy acquisition costs

-

-

-

-

-

-

-

-

-

449,326

-477,417

Amortization of deferred policy acquisition costs

-

-

-

-

-

-

-

-

-

409,207

413,806

Equity in earnings of unconsolidated affiliates

103,501

21,281

86,674

57,200

77,408

14,694

16,019

-3,905

351

-3,169

-4,216

Distributions from unconsolidated affiliates

111,848

21,453

21,541

-

-

-

-

-

-

-

-

Distributions from unconsolidated affiliates

-

-

-

1,096

819

5,186

20,718

15,259

24,399

8,141

11,310

Changes in:
Policyholder liabilities

145,396

288,065

320,743

282,159

259,645

200,718

96,435

62,272

134,966

101,171

32,629

Deferred policy acquisition costs

12,749

71,497

81,484

-1,152

11,785

-9,578

-29,835

-32,915

38,262

-

-

Reinsurance recoverables

-15,645

8,886

16,880

-12,172

-14,773

13,911

-4,000

13,710

49,845

-16,466

-111,192

Premiums due and other receivables

-3,780

31,360

19,445

11,691

5,512

1,184

-3,517

5,008

-7,153

4,319

-42,154

Prepaid reinsurance premiums

-8,952

-10,003

599

-14,881

21,887

-1,850

1,043

-11,959

-6,757

-12,347

-7,888

Accrued investment income

12,227

960

7,347

2,849

-8,470

-8,887

-12,484

-6,670

12,698

9,549

6,936

Current tax receivable/payable

-18,893

-35,315

-17,252

57,332

-4,578

-9,838

3,929

-2,572

8,571

-21,710

-38,853

Liability for retirement benefits

-8,454

-69,762

-14,127

-53,979

-31,435

-19,084

8,763

-13,082

-6,700

3,899

5,162

Fair value of option securities

144,978

-54,951

90,357

28,401

-13,834

-

-

-

-

-

-

Fair value of equity securities

422,535

-107,188

0

0

-

-

-

-

-

-

-

Other, net

-5,503

-24,630

-4,958

-20,331

22,421

-2,306

19,837

109

-37,968

11,176

-11,240

Net cash provided by operating activities

506,412

495,510

495,925

401,577

379,458

556,785

545,108

476,741

439,508

397,928

481,850

INVESTING ACTIVITIES
Proceeds from sale/maturity/prepayment of:
Held-to-maturity securities

864,481

629,359

893,977

491,478

1,150,650

661,125

1,619,721

1,361,673

811,674

559,064

561,903

Available-for-sale securities

500,724

451,292

489,902

348,317

574,391

910,691

914,813

647,389

557,559

-

-

Equity securities

294,798

214,737

137,780

111,194

-

-

-

-

-

168,479

182,871

Bonds-available for sale

-

-

-

-

-

-

-

-

-

775,257

356,680

Investment real estate

66,725

11,577

67,227

12,833

19,788

63,030

84,371

-

91,679

30,412

4,837

Mortgage loans

837,732

812,239

811,049

587,355

836,443

606,738

758,677

401,439

416,224

151,828

116,365

Policy loans

48,079

52,606

42,580

59,920

56,773

55,542

58,460

57,779

53,999

49,599

45,591

Other invested assets

120,455

118,846

80,901

30,743

71,564

40,882

13,975

43,874

39,539

22,550

1,806

Disposals of property and equipment

69

0

554

16,240

4,681

11,269

553

1,530

1,422

1,602

1,608

Distributions from unconsolidated affiliates

91,325

58,287

102,000

55,311

130,742

41,779

25,055

51,507

4,947

2,779

-

Payment for the purchase/origination of:
Held-to-maturity securities

1,468,253

1,349,008

1,215,311

156,453

525,950

439,422

1,087,447

1,151,656

1,547,318

519,194

166,194

Available-for-sale securities

528,495

680,477

737,651

656,974

1,343,795

1,044,602

1,057,004

731,875

705,990

1,641,803

1,372,246

Equity securities

49,016

79,514

108,054

26,154

-

-

-

-

-

146,488

53,758

Investment real estate

24,163

71,732

33,844

45,631

106,255

51,699

45,345

30,450

23,838

26,842

127,281

Mortgage loans

784,408

1,173,189

1,194,672

1,428,471

962,267

668,073

914,740

655,341

665,183

536,830

477,275

Policy loans

27,722

26,147

23,325

25,480

26,459

29,093

26,623

38,067

43,671

41,749

32,129

Other invested assets

109,074

75,233

47,134

67,571

38,101

27,705

18,443

45,181

40,216

44,867

31,572

Additions to property and equipment

21,402

17,670

24,395

47,301

32,596

31,951

25,583

30,838

17,588

9,359

13,178

Contributions to unconsolidated affiliates

262,569

151,261

27,869

135,208

132,004

12,560

122,512

48,961

78,251

36,083

20,042

Change in short-term investments

190,511

-452,005

466,539

-268,386

29,612

-64,386

182,300

-32,244

-140,876

-150,617

341,653

Change in collateral held for derivatives

-107,133

68,565

-89,981

-24,349

65,160

-22,724

-

-

-

-

-

Other, net

-10,369

-7,087

-18,030

-27,869

-12,702

-15,997

1,336

-10,156

-22,393

-12,883

-5,001

Net cash used in investing activities

-523,723

-884,761

-1,144,813

-555,248

-404,465

189,058

-5,708

-124,778

-981,743

-1,078,145

-1,347,356

FINANCING ACTIVITIES
Policyholders’ account deposits

1,770,646

1,717,153

2,095,734

1,528,107

1,405,350

1,002,420

895,227

1,127,962

2,020,422

1,722,505

2,268,201

Policyholders’ account withdrawals

1,481,234

1,345,498

1,271,128

1,313,394

1,400,661

1,532,023

1,484,656

1,297,889

1,375,283

1,022,520

1,191,021

Change in notes payable

20,034

505

1,377

7,643

20,259

-5,672

-49,535

104,490

-1,246

2,429

-38,080

Dividends to stockholders

88,243

88,228

88,335

87,741

84,446

82,805

82,831

82,660

82,609

82,607

82,490

Payments to noncontrolling interest

-20,055

-2,354

-2,261

-2,536

-1,583

-1,864

2,667

2,972

-18,384

376

4,283

Net cash provided by (used in) financing activities

201,148

281,578

735,387

132,079

-61,081

-619,944

-724,462

-151,069

542,900

620,183

960,893

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

183,837

-107,673

86,499

-21,592

-86,088

125,899

-185,062

200,894

665

-60,034

95,387