American National
- Company typePublic
- Founded1905
- HeadquartersGalveston, United States
- Headcount1,001–5,000
- GTM typeB2C
- OfferingServices
What American National does
American National Insurance Company is a US-domiciled insurance and retirement solutions provider founded in 1905 and headquartered in Galveston, Texas, operating as a wholly-owned subsidiary of Brookfield Wealth Solutions following a $5.1 billion acquisition in 2022. The company writes life insurance, fixed and indexed annuities, property and casualty insurance, health and disability coverage, and group annuity solutions for defined benefit pension plans (pension risk transfer) through multiple subsidiaries including American National Insurance Company (ANICO), Garden State Life Insurance Company, American National Life Insurance Company of Texas, American National Life Insurance Company of New York, American National Property and Casualty Company, and Farm Family. As of late 2025 the company reports more than $40 billion in total assets, $37+ billion in liabilities, $2+ billion in capital and surplus, and $4.3 billion in cumulative pension risk transfer premium covering 79,000 participants. Financial strength is rated A by A.M. Best, Fitch, and S&P.
The company distributes through a multi-channel model: licensed independent agents and multiple line agents sell life, annuity, and P&C products; broker networks facilitate PRT transactions with corporate plan sponsors; and a direct digital channel launched in March 2025 enables consumers to purchase certain annuity products online. Geographic reach spans all 50 US states plus the District of Columbia and Puerto Rico, with international retirement operations in Canada (Blumont Annuity Company) and the UK (Just Group Plc). Underlying technology includes an online Client Portal, an AN Mobile App, online claims filing, and the Annie AI chatbot built on IBM watsonx Assistant for customer service inquiries.
Revenue is generated primarily from recurring life insurance and annuity premiums, property and casualty premiums, investment income on the company's portfolio, and one-time pension risk transfer premiums from corporate plan sponsors. Pricing is quote-based across product lines, with terms dependent on risk factors, coverage amounts, and policy type. The customer base spans individual consumers seeking retirement income and family protection, small and mid-sized business owners purchasing business and key-person coverage, and corporate plan sponsors executing pension de-risking transactions.
American National firmographics
Firmographics- Name
- American National
- Legal name
- American National Insurance Company
- Website
- https://americannational.com
- Company type
- Public
- Founded year
- 1905
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
American National industry classification
Industry- Product category
- Life Insurance and Annuities
- NAICS
- Direct Life Insurance Carriers (524113), Direct Health and Medical Insurance Carriers (524114), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers (5241)
- SIC
- Life Insurance (6311), Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Liability-Driven Investment (LDI) & Pension Risk Transfer (PRT) Asset Management (FSAAAGAI)
- akta.pro secondary industries
- Whole Life Insurance (FSAIABAA), Annuities & Investment-Linked Insurance Solutions (Retail) (FSAAAAAM), Structured Settlement Annuities (FSAIACAJ), Annuity Reinsurance (Immediate, Deferred, VA/GMxB) (FSAOAAAF), Annuity & Insurance-Based Retirement Solutions Advisory (FSAEABAH)
Keywords
Where American National is headquartered
LocationHeadquarters
- HQ city
- Galveston
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
American National business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Technology or R&D, Others
Revenue model
- Life Insurance Premiums: Revenue generated from life insurance policy premiums paid by individual and group policyholders
- Annuity Products: Revenue from annuity products including fixed annuities, indexed annuities, and variable annuities for retirement planning
- Property & Casualty Insurance: Premiums from property and casualty insurance products offered through American National Property and Casualty Company (ANP&C)
- Pension Risk Transfer (PRT): Solutions for plan sponsors to transfer pension obligations, generating premium revenue
- Investment Income: Returns on the company's investment portfolio from premium reserves and float
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Life Insurance - Quote-based pricing |
| Other | Multi-year contract | Annuity Products - Variable by product type |
| Other | Annual | Property & Casualty - Risk-based pricing |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
American National product offering
Product offeringCore offering
American National underwrites and distributes life insurance (term, whole, universal), a diversified annuity portfolio (fixed, indexed, and immediate annuities), health and disability insurance, and property and casualty insurance through multiple subsidiaries. It also offers Pension Risk Transfer (PRT) group annuity solutions that allow defined benefit plan sponsors to transfer pension obligations to the company, providing guaranteed retirement income to participants.
Product overview
American National offers a broad portfolio of insurance and retirement products through multiple subsidiaries. The core product lines include annuities (fixed deferred, index deferred, single premium fixed indexed, and single premium immediate annuities under the Palladium brand family and Smart Start/Rate Certainty sub-brands) and pension risk transfer solutions for plan sponsors. The company also provides life insurance, health insurance, and property & casualty insurance (via Farm Family brand) through its subsidiary companies including American National Insurance Company, Garden State Life Insurance Company, American National Life Insurance Company of Texas, and American National Life Insurance Company of New York. The annuity offerings are designed to provide tax-deferred growth, guaranteed income, and market participation with principal protection, while PRT enables companies to transfer defined benefit pension obligations.
Differentiator
Problem solved
Functional benefit
Brands
- Palladium Multi-Year Guarantee Annuity: Fixed deferred annuity product with guaranteed interest rates and tax-deferred growth
- Strategy Index Annuity
- Smart Start Accumulator Series
- Rate Certainty Annuity
- Palladium Single Premium Immediate Annuity
Products and services
- Palladium Multi-Year Guarantee Annuity
Quantifiable outcome
- $4.3 billion in 2025 PRT premium sold cumulatively
- +1 more outcomes
Companies that use American National
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
American National technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature4 records
American National partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered minor.
- Houston TexansminorNFL team partnership supporting community engagement and brand visibility in the Texas market.
- Springfield CardinalsminorMinor league baseball team partnership based in Springfield, Missouri.
- Tri-City ValleyCatsminorMinor league baseball team partnership based in the Tri-City area.
- Missouri State UniversityminorEducational institution partnership for community engagement and potential talent pipeline.
- Ozarks Technical Community CollegeminorCommunity college partnership supporting education and workforce development in the Ozarks region.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
American National competitors and assessment
Company assessmentDirect peers
- Voya Financial: Voya Financial focuses on retirement, individual life, and employee benefits with growing PRT capabilities. Its indexed and fixed annuity products compete directly with American National's Palladium and Strategy Index product lines.
- Lincoln Financial Group: Lincoln Financial operates a comparable mix of life insurance, annuities (including indexed and variable), and group retirement/Pension Risk Transfer solutions, competing head-to-head with American National in mid-market retirement income and institutional de-risking transactions.
- Equitable Holdings: Equitable offers variable and indexed annuities, life insurance, and institutional retirement solutions. Its retail annuity shelf and institutional capabilities compete with American National in the same distribution channels.
- Pacific Life: Pacific Life is a mutual-owned insurer with strong indexed annuity, individual life, and Pension Risk Transfer franchises. Its products and target customers overlap meaningfully with American National's annuity and PRT business.
- Corebridge Financial: Corebridge offers individual life insurance, fixed and indexed annuities, and group retirement/Pension Risk Transfer through its own platform. Its institutional retirement segment and individual retirement segment compete directly with American National's PRT and annuity product lines.
- Athene Holding (Apollo): Athene is a leading pension risk transfer and fixed/indexed annuity specialist, also backed by an alternative asset manager (Apollo). Direct competitor to American National's PRT and retail annuity franchise with similar spread-driven business model.
- Brighthouse Financial: Brighthouse Financial focuses on annuities and life insurance with significant institutional pension de-risking capabilities. It is a direct competitor to American National in indexed and fixed annuity distribution as well as PRT transactions.
Broad incumbents
- MetLife: MetLife is a global insurance leader with sizable life, annuity, group benefits, and P&C operations. Its broad portfolio overlaps with American National's life, annuity, and P&C segments, though MetLife operates at materially larger scale.
- Prudential Financial: Prudential is one of the largest US life insurers with deep annuities, group retirement, and Pension Risk Transfer franchises. Its institutional retirement segment (PGIM Retirement) competes directly with American National's PRT business, and its retail annuities overlap with American National's product set.
- Nationwide Mutual Insurance Company: Nationwide offers a broad portfolio of life insurance, annuities, and P&C products with a multi-line distribution model similar to American National's. Its fixed and indexed annuity offerings compete directly with Palladium and Smart Start product families.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
American National social profiles
Digital presenceAmerican National financial estimates
Financial estimateRevenue estimate
Valuation estimate
American National leadership team
Management profileNumber of profiles
Profiles12 records
American National subsidiaries and ownership
Company hierarchySubsidiaries12 records
American National funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
American National M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about American National
What does American National do?
American National underwrites and distributes life insurance (term, whole, universal), a diversified annuity portfolio (fixed, indexed, and immediate annuities), health and disability insurance, and property and casualty insurance through multiple subsidiaries. It also offers Pension Risk Transfer (PRT) group annuity solutions that allow defined benefit plan sponsors to transfer pension obligations to the company, providing guaranteed retirement income to participants.
Is American National a public or private company?
American National is a public company. It is classified as private equity controlled and is currently operating.
When was American National founded?
American National was founded in 1905. It employs 1,001 to 5,000 people.
Where is American National based?
American National is headquartered in Galveston, United States, in the North America region.
How does American National make money?
Five revenue lines are on record. Life Insurance Premiums are the primary driver. The others are annuity Products, property & Casualty Insurance, pension Risk Transfer (PRT) and investment Income.
Who are American National's main competitors?
Direct peers on record are Voya Financial, Lincoln Financial Group, Equitable Holdings, Pacific Life, Corebridge Financial, Athene Holding (Apollo) and Brighthouse Financial. Broad incumbents are MetLife, Prudential Financial and Nationwide Mutual Insurance Company.
Does American National have an API?
No public API is recorded for American National.
What industry is American National in?
American National's product category is Life Insurance and Annuities. Its primary akta.pro industry code is FSAAAGAI, Liability-Driven Investment (LDI) & Pension Risk Transfer (PRT) Asset Management, with a secondary code of FSAIABAA, Whole Life Insurance. Its NAICS code is 524113 and its SIC code is 6311.