American National Insurance Company has reported total revenues of $752.2m for the first quarter of 2010, an increase of 15% compared to $651.9m for the same period last year.
The company’s after tax operating income for the first quarter of 2010 were $24.05m, or $0.91 per diluted share, compared to $55m, or $0.00 per diluted share, for the same quarter in 2009.
The company posted a net realized investment income of $10.7m for the first quarter of 2010 compared to net realized investment loss of $47.7m for the same period last year.
For the first quarter ended March 31, 2010, the company reported a net income of $34.7m, or $1.31 per diluted share, compared to net loss of $47.6m, or $1.8 per diluted share for the same quarter in 2009.
Headquartered in Galveston, Texas, American National Insurance Company is licensed to conduct the business of insurance in all states except New York. The American National family of companies offers a line of products and services, which include life insurance, annuities, health insurance, credit insurance, pension products and property and casualty insurance for personal lines, agribusiness, and targeted commercial exposures.