American National (ANAT) Reports Q2 EPS of $1.21

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American National Announces Second Quarter 2016 Results

August 1, 2016 4:08 PM EDT

GALVESTON, Texas, Aug. 01, 2016 (GLOBE NEWSWIRE) -- American National Insurance Company (Nasdaq: ANAT) announced second quarter 2016 net income of $32.6 million or $1.21 per diluted share, which included an increase in operating income, compared to net income of $35.1 million or $1.30 per diluted share for the same period in 2015.  Book value per diluted share increased to $170.91 at June 30, 2016 from $165.20 at December 31, 2015.

Second quarter after-tax operating income of $28.8 million or $1.07 per diluted share increased from $25.7 million or $0.95 per diluted share for the same period in 2015.  Second quarter earnings from operations increased for the life and... More