American National Insurance Co. (ANAT) Reports 2010 Financial Results
American National Insurance Co. reported year over year increases in net income and revenue in 2010, as the company saw an improvement in business and a recovery from a decline in its investment portfolio. The company also saw an increase in diluted book value per share compared to last year. American National Insurance reported net income of $144 million, or $5.44 per diluted share in 2010, compared to net income of $15.6 million, or $0.59 per diluted share in 2009. The company said revenues in 2010 increased by 4% over 2009. American National Insurance saw a rebound in business in…