The Board of Directors has recommended that American National pursue a reorganization that would result in a newly-created holding company named “American National Group, Inc.” The holding company will be a Delaware corporation and will become the parent company of American National Insurance Company. We expect that this reorganization will provide us with more flexibility and better enable American National to remain a strong and enduring company.
What does this reorganization mean to me?
Assuming we receive timely approval from our shareholders and various state insurance regulators, we anticipate that the holding company structure will be in place by the end of the summer.
This change will have no effect on our policyholders. Additionally, we do not expect any changes to American National’s insurance ratings by A.M. Best or Standard & Poor’s.
Contact: (800) 341-1936