8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________

Form 8-K
_____________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event Reported): February 20, 2018  

American National Insurance Company
(Exact Name of Registrant as Specified in Charter)

TEXAS	001-34280	74-0484030
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)

One Moody Plaza, Galveston, Texas 77550-7999

(Address of Principal Executive Offices) (Zip Code)

(409) 763-4661
(Registrant's telephone number, including area code)

n/a
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
	[ ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
	[ ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
	[ ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
	[ ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company [   ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [   ]

Item 2.02. Results of Operations and Financial Condition.

On February 20, 2018, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

Exhibit 99.1. Press release dated February 20, 2018

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	American National Insurance Company
Date: February 20, 2018	By:	/s/ Timothy A. Walsh
		Timothy A. Walsh
		Chief Financial Officer

EXHIBIT INDEX

Exhibit Number	Description
99.1	Press Release dated February 20, 2018

EX-99.1

EXHIBIT 99.1

American National Announces Fourth Quarter Results

GALVESTON, Texas, Feb. 20, 2018 (GLOBE NEWSWIRE) -- American National Insurance Company (Nasdaq:ANAT) announced fourth quarter net income of $344.6 million or $12.78 per diluted share, a $284.8 million increase from net income for the same period of 2016 of $59.8 million or $2.22 per diluted share. The increase in fourth quarter net income includes a provisional $206.4 million benefit resulting from the recently enacted U.S. Tax Cut and Jobs Act (“Tax Reform”). This impact from Tax Reform is currently an estimate and may be adjusted, possibly materially, due to additional calculations and/or further tax guidance. Excluding the impact from Tax Reform, net income for the fourth quarter was $138.2 million, an increase of $78.4 million from the same period of 2016.  Book value per diluted share increased to $194.61 at December 31, 2017 from $172.51 at December 31, 2016.

Excluding the impact of Tax Reform, fourth quarter after-tax operating income, which excludes realized investment earnings, increased to $81.8 million or $3.03 per diluted share compared to $46.3 million or $1.72 per diluted share for the same period of 2016. Including the impact of Tax Reform, fourth quarter after-tax operating income was $288.2 million or $10.69 per diluted share. Earnings from Life and Property and Casualty segments increased significantly compared to the same period of 2016.

After-tax realized investment earnings for the fourth quarter of 2017 increased to $56.4 million or $2.09 per diluted share compared to $13.5 million or $0.50 per diluted share for the same period in 2016 due to sales of equity securities and certain real estate holdings in favorable market conditions. Realized investment earnings are comprised of realized investment gains, equity in earnings of unconsolidated affiliates and income (loss) from non-controlling interests.

Net income for the year ended December 31, 2017 was $493.7 million, a $312.7 million increase from $181.0 million for 2016. Aside from the estimated $206.4 million benefit resulting from Tax Reform, income for 2017 benefitted from increased earnings in all insurance segments.

Excluding the impact of Tax Reform, after-tax operating income for 2017, which excludes realized investment earnings, was $173.6 million or $6.43 per diluted share, an increase of $46.9 million from $126.7 million or $4.70 per diluted share from 2016. Including the impact of Tax Reform, after-tax operating income for 2017 was $380.0 million or $14.09 per diluted share.

After-tax realized investment earnings for 2017 were $113.7 million or $4.22 per diluted share compared to $54.3 million or $2.01 per diluted share for 2016, primarily due to increased sales of equity securities and certain real estate holdings. Stockholders’ equity totaled $5.3 billion at December 31, 2017, a 12.8% increase from December 31, 2016.

2017 Highlights:

• 2017 net income increased $106.2 million, or 58.7% over the prior year period, excluding the provisional tax benefit
• Total 2017 premiums and other revenues, at $3.4 billion, increased $183.0 million, or 5.7%, over 2016
• 2017 after-tax operating income increased $46.9 million, or 37.0% over the prior year, excluding the provisional tax benefit
• Total life sales for 2017 increased $15.8 million, a 15.3% increase over 2016
• Property & casualty net written premiums for 2017 increased by $131.1 million, or 10.2%, over prior year
• Total life insurance in force increased 7.8% over year-end 2016 to reach $103.1 billion at December 31, 2017

American National Insurance Company  COMPARATIVE OPERATIONAL HIGHLIGHTS Compiled on a GAAP basis (Preliminary & Unaudited)*
	Quarters Ended December 31,				Years Ended December 31,
	2017		2016		2017		2016
Revenues	$	924,360,000	$	839,391,000	$	3,411,000,000	$	3,227,951,000
After-tax earnings:
Operating income  **	$	288,161,000	$	46,257,000	$	379,983,000	$	126,676,000
Realized investment earnings **		56,422,000		13,516,000		113,668,000		54,327,000
Net income	$	344,583,000	$	59,773,000	$	493,651,000	$	181,003,000
Per diluted share earnings:
Operating income **	$	10.69	$	1.72	$	14.09	$	4.70
Realized investment earnings **		2.09		0.50		4.22		2.01
Net income	$	12.78	$	2.22	$	18.31	$	6.71
Weighted average number of diluted shares
upon which computations are based		26,968,634		26,968,521		26,960,695		26,967,072
			As of
			December 31, 2017		December 31, 2016
Book value per diluted share			$	194.61	$	172.51

*      Results are preliminary and unaudited. American National expects to timely file its Form 10-K by March 1.
**    Operating income excludes realized investment earnings, which is comprised of realized investment gains, equity in earnings of unconsolidated affiliates, and income (loss) from non-controlling interests, after-tax. Net income is the sum of operating income and realized investment earnings.

American National is a family of companies that has, on a consolidated GAAP basis, $26.4 billion in assets, $21.1 billion in liabilities and $5.3 billion in stockholders’ equity. American National, founded in 1905 and headquartered in Galveston, Texas, and its subsidiaries offer a broad line of products and services, which include life insurance, annuities, health insurance, credit insurance, pension products and property and casualty insurance. The American National companies operate in all 50 states. Major insurance subsidiaries include American National Life Insurance Company of Texas, American National Life Insurance Company of New York, American National Property and Casualty Company, Garden State Life Insurance Company, Standard Life and Accident Insurance Company, Farm Family Casualty Insurance Company and United Farm Family Insurance Company.

American National Insurance Company, the parent company, has been assigned an ‘A’ rating by A.M. Best Company and an ‘A’ rating by Standard & Poor’s, both of which are nationally recognized rating agencies, and is licensed to conduct the business of insurance in all states except New York.

For more information, including company news and investor relations information, visit the company’s web site at www.AmericanNational.com.

Contact: Timothy A. Walsh (409) 766-6553