American National Insurance Company (ANAT) Reports Q3 Earnings
American National Insurance Company (Nasdaq: ANAT) reports Q3 EPS of $1.23 compared to a net loss of $4.72 for the same period in 2008. The prior year loss was primarily the result of other-than-temporary impairments of security investments as well as catastrophe losses in the property and casualty business.
After tax operating earnings for the third quarter were $33,308,000 ($1.25 per basic share) compared with a gain of $6,257,000 ($0.24 per basic share) for the same period in 2008. After tax operating earnings exclude after tax net realized investment gains and losses. [SM]
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