American National Insurance Co ANAT Income Statement

American national insurance co (ANAT)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Premiums
Other policy revenues
79,605	79,078	76,784	75,146	74,248	72,232	70,840	71,138	71,339	64,968	54,030	66,076	63,452	112,834	64,210	65,489	64,347	74,873	60,271	57,597	57,524	57,213	55,255	55,859	55,927	57,314	52,975	49,937	49,998	51,995	49,343	49,016	48,047	47,634	46,350	46,379	49,131	46,342	46,728
Net investment income
115,284	280,710	246,620	257,730	292,346	117,425	285,532	246,741	208,669	261,751	241,205	234,618	228,503	225,687	227,784	210,710	196,054	237,474	184,482	203,662	209,213	235,254	236,489	242,292	218,823	264,322	254,336	246,786	251,366	230,949	258,190	240,563	255,696	252,979	225,942	250,172	239,072	238,081	211,781
Net realized investment gains
4,148	5,776	31,933	-2,937	2,947	13,399	-1,276	5,007	1,044	45,257	33,929	11,401	14,008	8,398	22,181	6,966	9,062	23,787	7,528	16,768	39,302	20,514	-649	1,751	26,446	16,671	43,795	45,140	18,538	43,873	26,905	10,139	9,808	37,881	17,531	22,926	22,031	20,141	16,814
Change in investment credit loss
44,678	0	0	6,968	0	-	0	0	-	1,649	3,485	1,469	6,783	4,726	5,914	3,551	3,476	5,038	19,407	3,472	25	3,595	1,608	462	975	1,088	312	1,604	1,587	444	13,975	5,261	2,837	-	4,851	-	-	1,515	1,505
Net gains (losses) on equity securities
-332,575	140,509	8,589	67,060	206,377	-257,675	126,495	57,162	-33,170	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
11,133	18,759	10,730	10,374	11,538	10,557	12,177	11,283	10,513	10,639	9,554	8,948	8,845	11,585	7,544	8,135	7,984	7,989	7,950	9,748	8,710	9,378	9,647	9,720	7,340	7,674	11,911	10,551	6,961	7,905	8,160	7,940	6,875	6,994	6,604	6,487	5,805	6,144	7,511
Total premiums and other revenues
369,685	1,057,273	932,500	956,677	1,123,693	518,700	1,052,236	952,071	803,375	924,360	872,750	834,093	779,797	839,391	823,142	800,448	764,970	843,523	699,859	717,506	756,567	777,198	746,170	754,786	772,436	815,001	785,504	773,660	745,045	753,355	760,068	730,962	742,675	776,664	732,710	761,780	751,873	793,716	746,148
BENEFITS, LOSSES AND EXPENSES
Policyholder benefits
Life
110,466	121,673	113,652	104,462	109,465	102,382	119,816	96,958	98,546	100,622	106,904	101,460	101,166	133,415	103,873	91,754	100,771	113,510	94,087	91,184	88,004	93,766	83,740	82,485	91,280	98,670	83,821	81,573	81,502	94,766	84,615	76,799	83,823	112,315	75,472	79,854	76,687	73,402	74,468
Annuity
34,802	27,328	59,699	72,788	58,761	59,609	64,153	82,103	84,746	69,402	79,090	78,489	43,989	46,552	75,132	93,655	81,247	84,984	54,720	36,150	54,367	53,801	43,893	59,027	77,452	75,685	34,860	42,600	40,695	35,688	37,964	43,722	39,245	32,965	29,960	42,837	29,973	56,963	50,442
Claims incurred
Health
34,885	27,971	28,567	26,708	25,767	32,346	29,751	32,310	28,140	26,913	28,546	23,198	24,380	30,396	39,375	30,327	32,292	36,516	46,236	32,256	31,797	34,940	33,193	32,737	43,929	33,384	34,404	33,006	38,968	36,239	38,436	36,475	44,675	39,525	38,691	39,466	41,607	43,140	45,351
Property and casualty
229,709	251,706	280,695	271,608	238,144	253,611	272,885	280,126	242,490	214,156	238,178	254,180	227,530	206,827	233,474	230,960	211,958	192,691	179,699	211,920	192,252	181,890	180,413	204,725	178,512	165,594	182,809	208,639	189,594	172,819	187,944	244,966	187,552	188,040	215,226	254,431	215,511	208,917	258,014
Interest credited to policyholders’ account balances
-4,323	140,296	106,782	123,687	141,234	5,990	133,418	105,731	70,545	119,935	104,699	94,548	96,008	81,369	87,973	85,901	76,527	90,987	57,509	69,215	75,753	94,540	83,746	91,794	83,412	116,364	98,862	99,770	111,106	92,063	108,069	91,019	124,864	116,740	82,813	99,139	106,391	110,847	79,524
Commissions for acquiring and servicing policies
130,435	124,005	128,689	141,295	138,645	130,642	138,979	149,737	144,696	136,823	141,645	141,445	125,492	115,754	122,382	114,945	112,884	117,048	111,618	103,557	93,115	97,134	97,608	103,949	98,435	98,588	94,504	93,733	85,123	81,616	92,253	95,528	95,514	92,563	109,346	118,766	109,635	120,408	115,900
Other operating expenses
133,926	133,243	128,502	129,533	133,610	123,909	118,761	123,947	130,394	120,340	112,969	125,970	126,061	98,134	118,755	129,197	130,376	133,218	121,498	123,203	123,458	128,822	118,002	120,517	118,524	121,201	128,115	129,160	124,575	119,368	114,234	120,151	101,993	115,083	111,451	113,111	122,261	114,211	112,765
Change in deferred policy acquisition costs
1,672	-9,642	-1,548	17,308	6,631	25,621	8,794	20,116	16,966	12,077	32,225	27,695	9,487	-27,860	5,544	16,571	4,593	6,693	12,168	-614	-6,462	1,276	-10,800	6,370	-6,424	-10,267	-7,265	-969	-11,334	-20,447	-7,168	-3,662	-1,638	-1,362	5,466	22,701	11,457	13,806	18,126
Total benefits, losses and expenses
668,228	835,864	848,134	852,773	838,995	682,868	868,969	850,796	782,591	776,114	779,806	791,595	735,139	740,307	775,420	760,168	741,462	762,261	653,199	668,099	665,208	683,617	651,395	688,864	697,968	719,753	664,640	689,450	682,897	653,006	670,683	712,322	679,304	698,593	657,493	724,903	690,608	714,082	718,338
Income (loss) before federal income tax and other items
-298,543	221,409	84,366	103,904	284,698	-164,168	183,267	101,275	20,784	148,246	92,944	42,498	44,658	99,084	47,722	40,280	23,508	81,262	46,660	49,407	91,359	93,581	94,775	65,922	74,468	95,248	120,864	84,210	62,148	100,349	89,385	18,640	63,371	78,071	75,217	36,877	61,265	79,634	27,810
Less: Provision (benefit) for federal income taxes
Current
24,503	54,588	4,433	14,231	13,780	50,448	-39,937	15,638	-2,105	22,177	22,980	5,148	-1,204	-10,006	-8,259	7,603	-4,714	17,433	30,037	11,117	35,392	15,556	25,104	23,106	13,781	9,878	36,541	22,415	4,964	8,751	19,900	16,197	7,287	6,585	12,610	13,199	14,318	29,162	10,028
Deferred
-86,171	-971	18,042	7,717	53,597	-91,368	59,156	6,319	3,294	-179,614	14,203	8,376	14,939	59,302	30,849	2,287	644	7,253	-11,903	4,093	10,298	7,832	3,431	-1,323	9,127	26,318	-782	2,388	6,353	24,578	7,754	-18,581	9,696	13,519	6,487	-8,807	2,067	2,095	-6,721
Total provision (benefit) for federal income taxes
-61,668	53,617	22,475	21,948	67,377	-40,920	19,219	21,957	1,189	-157,437	37,183	13,524	13,735	49,296	22,590	9,890	-4,070	24,686	18,134	15,210	45,690	23,388	28,535	21,783	22,908	36,196	35,759	24,803	11,317	33,329	27,654	-2,384	16,983	20,104	19,097	4,392	16,385	31,257	3,307
Income (loss) after federal income tax
-236,875	167,792	61,891	81,956	217,321	-123,248	164,048	79,318	19,595	305,683	55,761	28,974	30,923	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48,233	24,565
Equity in earnings of unconsolidated affiliates
15,707	1,176	45,075	16,790	40,460	2,376	13,029	6,421	-545	42,474	22,387	12,313	9,500	17,935	36,530	1,798	937	4,023	16,339	462	56,584	-1,617	3,576	12,797	-62	6,245	121	1,076	8,577	-1,443	-895	314	-1,881	-2,488	3,077	-2,099	1,861	-144	62
Other components of net periodic pension benefit (costs), net of tax
-571	-2,124	1,023	871	914	-3,133	1,236	1,677	792	4,043	1,545	5,588	1,232	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from discontinued operations, net of tax (see Note 21)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-513	1,778
Net income (loss)
-220,597	171,092	105,943	97,875	256,867	-117,739	175,841	84,062	18,258	344,114	76,603	35,699	39,191	60,302	61,662	32,188	28,515	60,599	44,865	34,659	102,253	68,576	69,816	56,936	51,498	65,297	85,226	60,483	59,408	65,577	60,836	21,338	44,507	55,479	59,197	30,386	46,741	47,720	26,343
Less: Net loss attributable to noncontrolling interest, net of tax
-153	-30	13,759	-965	-1,350	-354	2,377	-77	-519	-469	3,334	-260	-649	529	2,373	-437	-801	-2,341	2,852	-394	-729	-392	2,877	-238	-756	-431	2,613	2,314	-563	-556	1,650	832	-709	-868	1,547	1,146	-787	664	-279
Net income (loss) attributable to American National
-220,444	171,122	92,184	98,840	258,217	-117,385	173,464	84,139	18,777	344,583	73,269	35,959	39,840	59,773	59,289	32,625	29,316	62,940	42,013	35,053	102,982	68,968	66,939	57,174	52,254	65,728	82,613	58,169	59,971	66,133	59,186	20,506	45,216	56,347	57,650	29,240	47,528	47,056	26,622
Amounts available to American National common stockholders
Earnings (loss) per share
Basic (in usd per share)
-8.20	6.37	3.43	3.68	9.60	-4.37	6.45	3.13	0.70	12.81	2.72	1.34	1.48	2.23	2.20	1.21	1.09	2.34	1.56	1.30	3.84	2.57	2.50	2.13	1.95	2.46	3.08	2.17	2.24	2.47	2.21	0.77	1.70	2.12	2.17	1.10	1.79	1.77	1.00
Diluted (in usd per share)
-8.20	6.37	3.43	3.67	9.60	-4.35	6.44	3.12	0.70	12.78	2.72	1.33	1.48	2.21	2.20	1.21	1.09	2.34	1.56	1.30	3.82	2.57	2.49	2.11	1.94	2.44	3.07	2.16	2.23	2.46	2.20	0.76	1.69	2.11	2.16	1.09	1.78	1.76	1.00
Cash dividends to common stockholders (in usd per share)
0.82	0.82	0.82	0.82	0.82	0.82	0.82	0.82	0.82	0.82	0.82	0.82	0.82	0.82	0.82	0.82	0.80	0.80	0.80	0.77	0.77	0.77	0.77	0.77	0.77	0.77	0.77	0.77	0.77	-	0.77	0.77	-	-	-	-	-	-	-
Weighted average common shares outstanding (in shares)
26,881	26,881	26,881	26,881	26,885	26,886	26,886	26,883	26,889	26,900	26,894	26,892	26,899	26,908	26,908	26,908	26,909	26,910	26,899	26,877	26,818	26,810	26,805	26,802	26,792	26,843	26,780	26,779	26,763	26,872	26,736	26,685	26,565	26,560	26,559	26,559	26,559	26,558	26,558
Weighted average common shares outstanding and dilutive potential common shares (in shares)
26,891	26,895	26,888	26,888	26,891	26,898	26,893	26,910	26,964	26,956	26,958	26,955	26,972	26,964	26,967	26,970	26,965	26,920	26,963	26,952	26,964	26,911	26,911	26,926	26,925	26,964	26,905	26,901	26,887	26,970	26,870	26,854	26,758	26,737	26,718	26,706	26,690	26,678	26,669
Life
Revenue
89,516	93,785	93,079	86,087	86,468	92,865	91,176	84,595	81,376	86,947	84,862	79,287	77,474	83,262	83,521	77,053	75,117	79,800	78,397	75,071	72,082	83,606	79,492	72,678	71,995	77,694	75,278	71,546	68,655	72,268	72,203	70,699	66,451	69,938	71,926	69,474	66,386	71,352	68,873
Annuity
Revenue
15,509	9,705	41,305	56,222	39,907	45,887	47,296	67,228	70,616	62,002	65,007	65,389	29,809	31,197	61,279	86,030	70,208	73,080	43,514	25,088	41,443	42,107	34,661	46,653	66,936	65,429	23,412	33,625	32,696	23,118	30,140	34,723	28,412	21,449	21,704	32,110	19,490	51,180	40,608
Health
Revenue
43,086	43,454	40,676	42,224	38,681	45,375	45,154	48,870	41,015	40,972	41,832	36,593	37,039	44,569	43,879	44,828	42,313	48,167	45,638	51,135	51,837	52,699	53,454	55,379	55,336	53,831	52,839	53,532	52,729	55,808	56,199	54,712	57,054	57,057	57,708	58,384	58,644	64,288	67,841
Property and casualty
Revenue
388,657	385,497	382,784	371,739	371,181	379,878	374,842	360,047	351,973	353,473	345,816	333,250	327,450	326,585	318,658	304,788	303,361	303,391	291,486	281,909	276,481	280,022	279,429	270,916	270,608	273,154	271,270	264,147	265,689	267,883	272,903	268,431	273,169	287,384	289,796	275,848	291,314	297,703	287,497