A M E R I C A N N A T I O N A L I N S U R A N C E C O M P A N Y
2016
O V E R V I E W
A M E R I C A N N A T I O N A L
Reaching the Summit
he late May morning dawned clear and bright
pounds of baggage. Even as he broke away from the larger group
over the Himalayas — a relief after days of
for his final ascent, Hillary was accompanied and aided every step
unrelenting snow and wind. Having slowly ascended the
of the way by his guide Tenzing Norgay. The two men worked as a
slopes of Mount Everest for the past two months, Edmund Hillary
synchronous team to finally conquer Everest.
had just 1,000 perilous feet left to reach the summit. So, on the
While few of us will ever make the perilous journey to the
morning of May 29, 1953, carrying a 30-pound pack on his back
summit of Everest, most of us will face our own mountains in life. In
and wearing boots that had been frozen solid by the punishing
fact, life offers endless challenges – whether it involves becoming
conditions, Hillary carefully inched his way up a vertical slope face,
a parent, getting a college degree or, in the case of American
wedging his body in a small crack between the rock and ice. Finally
National founder W.L. Moody Jr., building a financial services
reaching the summit at 11:30 a.m., Hillary cemented his legacy as
business that has stood the test of time. The people who most
the first to successfully stand atop the world’s highest peak.
successfully navigate these challenges are the people who realize
Although his name is the one we remember, Hillary didn’t do
they need the help of others and, therefore, approach life as a team
it alone. He was part of an expedition that encompassed more
effort. Because, as Hillary and Norgay discovered more than 60
than 400 people, including 362 porters, 20 guides and 10,000
years ago on that May morning, no one climbs a mountain alone.
“You do not climb a mountain like
Everest by trying to race ahead on
your own or by competing with
your comrades. You do it slowly and
carefully, by unselfish teamwork.”
Tenzing Norgay, Mount Everest climber
Common Goals
When W.L. Moody Jr. founded American National Insurance
As an example, our Corporate Technology Services (CTS)
department receives and prioritizes requests for more than 100
technology-based projects per year from all divisions within the
Company in Galveston, Texas in 1905, he had already begun his
company – everything from internal data storage enhancements
own personal climb – a journey that, ultimately, spanned nearly
for Life Insurance Administration to building performance-driven
90 years and led to the creation of a business that continues to
mobile applications for Property and Casualty. And all of these
grow and thrive to this day.
projects require the combined expertise of employees from
From its very first days with just 10 employees in 500 square
multiple business areas in order to complete them efficiently
feet of office space to its current state as a multi-billion dollar
and successfully.
financial services organization with more than 3,000 employees,
four corporate locations and a network of agents in all 50 states
and Puerto Rico, American National has always emphasized the
importance of teamwork and striving toward a common goal.
As American National has grown over the decades,
In 2016, CTS coordinated the creation of AmericanNational.com,
bringing together employees from marketing and shared service
areas to build a new corporate website from the ground up. After the
site’s successful launch, a new multi-divisional team of employees –
this time coming together as the Web Advisory Council – picked up
management has focused on cultivating centers of excellence
the baton and began moving forward with discussions about how to
within the company by encouraging employees to reach across
grow and improve the site in the coming months and years.
divisional and geographical lines to work together and achieve
By encouraging the ongoing creation and collaboration of
corporate goals which emphasize profitable growth, customer
working groups from across the enterprise, American National
satisfaction, internal business processes, employees and learning.
consistently capitalizes on the power of teamwork. Other recent
This combination of individual talent and dedicated teamwork
companywide initiatives in 2016, such as a comprehensive
has been a powerful catalyst for innovation and long-term
success.
employee feedback survey, new ASCEND management training
programs and quarterly leadership meetings that bring together
leaders from across all four corporate locations, are ensuring that a
collaborative spirit continues.
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Moving Forward
can leave a legacy of care, stability and financial security for the
ones you love the most.
People form the foundation of American National – our employees,
Because every family is different, American National offers
agents and policyholders. Our commitment to these groups is what
a wide range of life insurance products to suit a variety of needs
propels us into our 112th year of providing financial products and
and situations. Whether you’re interested in the limited-time
services that offer security and peace of mind.
coverage and more affordable rates of term life or the permanent
By focusing on the fundamentals of sound investment and
coverage and flexible premium options of universal life, you
careful, measured growth, American National has earned an “A”
can rest easier knowing you’ve given your loved ones the gift of
rating from both Standard & Poor’s® and A.M. Best Company. With
financial security.
consolidated GAAP assets of more than $24 billion and more than 5
We’re always working on ways to bring more to the life insurance
million policyholders, we remain confident that American National
marketplace. Our marketing areas such as Career Sales and Service
is financially strong and prepared to meet the needs of the future.
Division and our Independent Marketing Group have regular
Products and Services
LIFE
research and development meetings with our Product Development,
Underwriting, Administration, CTS, Investments and Legal and
Compliance departments to look for new products, services,
technology and enhancements to better serve our customers.
A family is the most important team in a person’s life. While the
We’re gratified to regularly hear the stories of people who
special bond between a couple or parent and child can never be
have been financially cared for by their loved ones, long after they
replaced, it’s comforting to know that life insurance allows you to
have passed. It’s a lasting legacy and a testament to the enduring
provide for them even after you’re gone. With life insurance you
power of love.
LIFE INSURANCE
DESCRIPTION
Term Life
Credit Life
Whole Life
Universal Life (UL)
Indexed UL
Variable UL
Simplest form of life insurance that provides pure death benefit coverage for a limited term at a fixed rate.
Specialized term insurance established to pay all or a portion of borrower’s debt in the event of death during
the term of the loan.
Permanent life insurance with guaranteed premiums. A savings component accumulates cash value that can
be withdrawn or borrowed against.
Permanent life insurance that allows for flexible premiums and coverage. Premium payments in excess of
current cost of insurance rates and fees accumulate cash value based on a declared interest rate, subject to a
minimum for the duration of the policy.
Universal life insurance with a potential for higher cash value, related to the performance of a market index.
Universal life insurance with a potential for higher cash value. However, there is more risk to the customer as
cash value can also decrease. Cash value increases and decreases are based on allocations to subaccounts that
invest in underlying mutual funds.
American National’s life insurance products are issued and underwritten by one or more of the following companies: American National Insurance Company, American National Life Insurance Company of
Texas, American National Life Insurance Company of New York, Standard Life and Accident Insurance Company and Farm Family Life Insurance Company.
American National Insurance Company is licensed in all states except New York. In New York, business is conducted through Farm Family Life Insurance Company and American National Life Insurance
Company of New York. Not all products are available through each company or in all states. Variable insurance products are distributed through Securities Management and Research, Inc. (SM&R); (Member
FINRA/SIPC), which is independent of the American National companies. SM&R’s address is 701 Tama Street, Building B, Box 868, Marion, Iowa 52302-0868.
Companies not licensed in all states and do not offer all of the products that are described. Products may not be available in all states and eligibility requirements will apply. Each company has financial
responsibility only for the products and services it issues. In New York, business is conducted through Farm Family Life Insurance Company and American National Life Insurance Company of New York.
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“Individual commitment
to a group effort – that is what
makes a team work, a
company work, a society work,
a civilization work.”
Vince Lombardi, football coach
PROPERTY AND CASUALTY
motorcycles, boats and recreational vehicles. Commercial lines focus on
A home, a business, a vehicle … the things we build, create and
property and casualty coverage for small business owners, particularly
acquire take on a special significance in our lives. Because we can
those with agriculture-related businesses such as small farms, ranches,
never be sure what tomorrow will bring, American National offers
nurseries and wineries. American National’s Credit Insurance Division
an array of property and casualty insurance products to protect the
offers products that protect creditors’ interests in collateral (pledged as
things we value.
security for a loan) against property loss and damages.
Property insurance protects against the loss of physical
Because of the many property and casualty insurance options
property or its income-producing abilities, and casualty insurance
available, American National’s Multiple Line division is working on
protects against the legal liability that can result from injury to other
ways to position the company for success – not just in the products
people or damage to their property.
offered, but in the way they are offered. By building a powerfully
In addition to auto and home coverage, American National offers
simple client experience, Multiple Line meets clients where they are
specialty property insurance coverage for items such as classic cars,
and sets itself apart from the competition.
INSURANCE COVERAGE
Auto Insurance
• Personal Auto
• Collector Car
• Recreational Vehicles
• Commercial Auto
• Motorcycle
Homeowners Insurance
• Personal Dwelling
• Tenants
• Renters
• Condos
DESCRIPTION
Covers bodily injury and property damage liability plus physical damage to the vehicle.
Protects the value of homes, including the structure, personal property, contents, loss of
use and some forms of personal liability.
Boat Owner’s
Coverage for physical damage to boats as well as liability coverage for the boat owner.
Business Owner’s Policy (BOP)
Provides coverage for small and medium-sized businesses. Provides both general liability
and property insurance.
Commercial Package Policy
Includes liability, property, inland marine and crime coverages.
Flood Insurance
General Liability
Special Farm Package
Umbrella Policy
Workers’ Compensation
Credit Products
Protects home or business against damage from flooding.
Protects insured from legal liabilities imposed by lawsuits and/or similar third-party claims
resulting from various business pursuits.
Provides customized coverage for farming operations to include personal dwelling,
farming operation buildings, machinery and contents.
Additional protection in excess of specified other policy limits and potentially primary
coverage for losses not covered by other policies.
Replaces all or part of a worker’s wages lost and accompanying medical expenses incurred
because of a job-related injury.
Provide coverage to pay off all or a portion of debt associated with personal property.
Property and casualty products are issued and underwritten by one or more of the following companies: American National Property And Casualty Company (ANPAC), ANPAC Louisiana Insurance Company, American
National General Insurance Company, Pacific Property and Casualty Company, American National Lloyd’s Insurance Company, American National County Mutual Insurance Company, Farm Family Casualty Insurance
Company (FFCIC) and United Farm Family Insurance Company.
ANPAC and Farm Family Casualty Insurance Company offer the Standard Flood Insurance Policy through the “Write Your Own Program,” a cooperative undertaking between FEMA and participating property and casualty
insurance companies that allows the companies to write and service the Standard Flood Insurance Policy. National Flood Services is the full service vendor for the WYO Flood Program for both ANPAC and FFCIC.
Companies not licensed in all states and do not offer all of the products that are described. Products may not be available in all states and eligibility requirements will apply. Each company has financial responsibility only for
the products and services it issues. In New York, business is conducted through Farm Family Casualty Insurance Company and United Farm Family Insurance Company.
Credit property & casualty Insurance products are offered by the Credit Insurance Division of American National and are issued through; American National Property And Casualty Company, Springfield, Missouri; American
National General Insurance Company, Springfield, Missouri; American National Lloyds Insurance Company, Galveston, Texas; American National County Mutual Insurance Company, Galveston, Texas; and ANPAC Louisiana
Insurance Company, Mandeville, Louisiana.
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ANNUITIES
With immediate annuities, it is possible to convert a lump
Although it’s impossible to predict what tomorrow may hold, it
sum of money into a guaranteed income stream with multiple
can be made more secure by establishing savings today. American
payout options from which to choose. Similarly, funds that have
National offers a range of annuity options to choose from, including
accumulated in a deferred annuity can be converted into an
fixed deferred, indexed deferred, immediate fixed and variable
income stream when it’s most needed. For example, payout
deferred annuities for pension plans.
options can be set up over a pre-determined period of time or
Deferred annuities can play a vital part in a long-term savings
over the life of an individual (or couple).
plan, allowing individuals to approach the future confident in the
No matter which type of annuity a customer purchases from
knowledge that they’ll be able to respond to the uncertainties of
American National, our claims and customer service employees stand
life. With deferred annuities, an individual is able to accumulate
ready to assist. Our Life/Annuity Customer Service division fields more
money, tax deferred. Annuities may also offer the ability to
than 500,000 calls and processes in excess of 60,000 claims each
withdraw a portion of the funds early without incurring a surrender
year for approximately 90,000 persons ranging from policyholders,
charge, should an unexpected event occur. However, taxes are
beneficiaries, funeral homes and creditors. It’s our goal to offer
incurred upon funds being withdrawn and penalty taxes may apply.
outstanding service throughout the life of a policy or annuity contract.
ANNUITY
DESCRIPTION
Fixed Deferred Annuity
A long-term vehicle to accumulate tax-deferred retirement assets. Accumulation is based on a set return for
a period of time, subject to a minimum for the contract duration.
Indexed Deferred Annuity
A long-term vehicle to accumulate tax-deferred retirement assets. Accumulation includes upside potential
related to the performance of a market index.
Variable Deferred Annuity
A long-term vehicle to accumulate tax-deferred retirement assets, with gains or losses in value based on the
performance of sub-accounts that invest in underlying mutual funds. Group unallocated variable deferred
annuities are the basis for our pension plans.
Immediate Fixed Annuity
An income annuity that pays a guaranteed income stream in exchange for a lump sum of money.
American National Insurance Company is licensed in all states except New York. In New York, business is conducted through Farm Family Life Insurance Company and American National Life Insurance
Company of New York. Not all products are available through each company or in all states. Variable insurance products are distributed through Securities Management and Research, Inc. (SM&R); (Member
FINRA/SIPC), which is independent of the American National companies. SM&R’s address is 701 Tama Street, Building B, Box 868, Marion, Iowa 52302-0868.
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HEALTH
mind and act as a buffer between serious illness and the unfortunate
A serious illness or accident has the ability to devastate a
possibility of a depletion of savings, creation of long-term debt, and
person, not only physically, but financially as well. The cost of
even bankruptcy. Our offerings include dental, cancer, critical illness
care, even with standard health insurance or Medicare, can be
and hospital indemnity, accidental death and dismemberment, and
overwhelming. That’s why American National offers a variety
credit disability. In addition, the Health Insurance Division is a provider
of insurance products to supplement the basic coverage of an
of all types of supplemental health coverage in the worksite including
individual’s primary health insurance policy.
catastrophic (often called stop-loss or excess risk) coverage for
Supplemental health insurance can provide added peace of
employers choosing to self-fund their medical plans.
HEALTH COVERAGES
DESCRIPTION
Medicare Supplement
Standardized plans: A, B, C, D, F, F(hd), G, and N
Supplemental Health Insurance
Cancer
Dental
Critical Illness
Group Term Life
Short Term Disability
Hospital Indemnity/Limited Medical
Accident /Accidental Death and Dismemberment
Employer Stop Loss
Credit Disability
Supplemental product that complements Medicare.
Cover specific types of expenses not covered by basic health care policies.
Reinsurance for self-insured employers to cover cost of excess claims
beyond a predetermined amount.
Provides benefit payments to the lender in the event of total disability
due to a covered illness or injury during the term of coverage.
Health insurance products are issued and underwritten by one or more of the following companies: American National Insurance Company, American National Life Insurance Company of Texas,
Standard Life and Accident Insurance Company and Farm Family Life Insurance Company.
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Board of Directors
JAMES E. POZZI
Chairman of the Board, President, Chief Executive Officer
American National Insurance Company | Galveston, Texas
WILLIAM C. ANSELL, CPA
Partner
Ham, Langston & Brezinia, LLP | Houston, TX
ARTHUR O. DUMMER
President
The Donner Company | Salt Lake City, Utah
FRANCES A. MOODY-DAHLBERG
Executive Director
The Moody Foundation | Dallas, Texas
ROSS R. MOODY
Chairman of the Board, President, Chief Executive Officer
National Western Life Group, Inc. | Austin, TX
JAMES P. PAYNE
Retired Senior Vice President – Secretary
National Western Life Insurance Company | Austin, TX
E. J. “JERE” PEDERSON
Managing Director
CitareTX Management, LLC | Houston, TX
JAMES D. YARBROUGH
Mayor
Galveston, Texas
Advisory Directors
IRWIN M. HERZ, JR.
Partner
Greer, Herz & Adams, LLP | Galveston, Texas
R. EUGENE LUCAS
President and Director
Gal-Tex Hotel Corporation | Galveston, Texas
E. DOUGLAS McLEOD
Chairman of the Board
Moody Gardens, Inc. | Galveston, Texas
ROBERT L. MOODY, JR.
President and Director
Moody Insurance Group, Inc. | Galveston, Texas
RUSSELL S. MOODY
Investments
League City, Texas
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Senior Management
C O R P O R AT E O F F I C E R S
JAMES E. POZZI
Chairman of the Board, President, Chief Executive Officer
American National Insurance Company
JOHN J. DUNN, JR.
Executive Vice President, Chief Financial Officer, Treasurer
American National Insurance Company
JOHNNY D. JOHNSON
Executive Vice President, Corporate Business Process Officer,
Chief Information Officer
American National Insurance Company
JOHN F. SIMON
Executive Vice President, Chief Life and Annuity Actuary
American National Insurance Company
S H A R E D S E R V I C E S
DWAIN A. AKINS
Senior Vice President, Corporate Relations,
Corporate Chief Compliance Officer
American National Insurance Company
MICHELLE M. BARTOWSKI
Senior Vice President, Finance
American National Insurance Company
SCOTT F. BRAST
Senior Vice President, Real Estate/Mortgage Loan Investments
American National Insurance Company
BRIAN N. BRIGHT
Senior Vice President, Computing Services
American National Insurance Company
WILLIAM F. CARLTON
Senior Vice President, Corporate Controller
American National Insurance Company
BERNARD S. GERWEL
Senior Vice President, Corporate Digital Officer
American National Insurance Company
DEBORAH K. JANSON
Senior Vice President, Corporate Office, Chief Corporate Risk Officer
American National Insurance Company
S. LIANE LATHAM
Senior Vice President and Actuary
American National Insurance Company
ANNE M. LEMIRE
Senior Vice President, Fixed Income and Equity Investments
American National Insurance Company
BRUCE M. LEPARD
Senior Vice President, Chief Human Resources Officer
American National Insurance Company
BRAD W. MANNING
Senior Vice President, Life Claims & Customer Contact Center
American National Insurance Company
M. SCOTT MARQUIS
Senior Vice President, Life Underwriting
American National Insurance Company
MEREDITH M. MITCHELL
Senior Vice President, Application Development and Support
American National Insurance Company
E. BRUCE PAVELKA
Senior Vice President, Life Policy Administration
American National Insurance Company
DR. JOHN WHITE III
Senior Vice President, Medical Director (Life, Health and Group)
American National Insurance Company
M A R K E T I N G
DAVID A. BEHRENS
Executive Vice President, Independent Marketing Group
American National Insurance Company
JAMES W. PANGBURN
Executive Vice President, Credit Insurance
American National Insurance Company
SHANNON L. SMITH
Executive Vice President, Chief Agencies Officer, Multiple Line
American National Insurance Company
HOYT J. STRICKLAND
Executive Vice President, Career Sales & Service Division
American National Insurance Company
TIMOTHY A. WALSH
Executive Vice President, Multiple Line and Property & Casualty Operations
American National Insurance Company
SCOTT C. CAMPBELL
Senior Vice President, Chief Marketing Officer, Multiple Line
American National Insurance Company
LEE C. FERRELL
Senior Vice President, Independent Marketing Group Operations
American National Insurance Company
RONALD C. PRICE
Senior Vice President, Chief Marketing Officer, Career Life Agencies
American National Insurance Company
JAMES P. STELLING
Senior Vice President, Health Insurance Operations
American National Insurance Company
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Vision
To be a leading provider of financial products
and services for current and future generations.
Mission
We will earn the trust of our customers and
of our diverse distribution partners by always
acting with integrity and fairness, and by
working to exceed expectations.
We are committed to teamwork and continuous
improvement in all that we do.
We will be prudent stewards of our assets,
conservative navigators of risk, and steadfast in
our resolve to preserve and enhance our
reputation for enduring strength and success.
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A M E R I C A N N A T I O N A L I N S U R A N C E C O M P A N Y
One Moody Plaza | Galveston, Texas | AmericanNational.com