American National

Life Insurance and Annuitiesamericannational.com

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

Life insurance
Annuity products
Pension risk transfer
Property casualty insurance
Retirement income solutions

Where American National is headquartered

Location

Headquarters

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 offering

Core 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 profile

Named customers3 records

Segments3 records

Ideal customer profiles3 records

American National technology and API

Technology

Technology 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 signal

Partnerships

Five partnerships are on record, tiered minor.

Houston TexansminorGTM or Marketing PartnerNFL team partnership supporting community engagement and brand visibility in the Texas market.
Springfield CardinalsminorGTM or Marketing PartnerMinor league baseball team partnership based in Springfield, Missouri.
Tri-City ValleyCatsminorGTM or Marketing PartnerMinor league baseball team partnership based in the Tri-City area.
Missouri State UniversityminorStrategic or Co-development PartnerEducational institution partnership for community engagement and potential talent pipeline.
Ozarks Technical Community CollegeminorStrategic or Co-development PartnerCommunity 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 assessment

Direct 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 financial estimates

Financial estimate

Revenue estimate

Valuation estimate

American National leadership team

Management profile

Number of profiles

Profiles12 records

American National subsidiaries and ownership

Company hierarchy

Subsidiaries12 records

American National funding detail

Funding detail

Funding 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 investment

M&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?

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.