American National Announces Fourth Quarter and Full Year 2021 Results

GALVESTON, Texas, Feb. 22, 2022 (GLOBE NEWSWIRE) -- American National Group, Inc. (NASDAQ: ANAT) and subsidiaries (collectively, the “Company”) announced net income for the fourth quarter of 2021 of $250.1 million or $9.30 per diluted share, compared to net income of $306.4 million or $11.40 per diluted share for the same period in 2020. The reduction in net income in the fourth quarter of 2021 was primarily due to a $67.3 million decrease in net gains on equity securities and a reduction in after-tax adjusted net operating income of $30.2 million, partially offset by an increase in realized investment earnings of $44.2 million.