10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended September 30, 2014

or

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

Commission File No. 001- 34280

American National Insurance Company

(Exact name of registrant as specified in its charter)

Texas	74-0484030
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

One Moody Plaza

Galveston, Texas 77550-7999

(Address of principal executive offices) (Zip Code)

(409) 763-4661

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    x  Yes    ¨  No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§229.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    x  Yes    ¨   No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act:

Large accelerated filer	x	Accelerated filer	¨
Non-accelerated filer	¨	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    ¨  Yes    x  No

As of October 31, 2014, there were 26,871,942 shares of the registrant’s voting common stock, $1.00 par value per share, outstanding.

AMERICAN NATIONAL INSURANCE COMPANY

TABLE OF CONTENTS

	PART I – FINANCIAL INFORMATION
ITEM 1.	FINANCIAL STATEMENTS (Unaudited):	3
	Consolidated Statements of Financial Position as of September 30, 2014 and December 31, 2013	3
	Consolidated Statements of Operations for the three and nine months ended September 30, 2014 and 2013	4
	Consolidated Statements of Comprehensive Income (Loss) for the three and nine months ended September 30, 2014 and 2013	5
	Consolidated Statements of Changes in Stockholders’ Equity for the nine months ended September 30, 2014 and 2013	5
	Consolidated Statements of Cash Flows for the nine months ended September 30, 2014 and 2013	6
	Notes to the Unaudited Consolidated Financial Statements	7
ITEM 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	32
ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	51
ITEM 4.	CONTROLS AND PROCEDURES	51
	PART II – OTHER INFORMATION
ITEM 1.	LEGAL PROCEEDINGS	52
ITEM 1A.	RISK FACTORS	52
ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	52
ITEM 3.	DEFAULTS UPON SENIOR SECURITIES	52
ITEM 4.	MINE SAFETY DISCLOSURES	52
ITEM 5.	OTHER INFORMATION	52
ITEM 6.	EXHIBIT INDEX	53

2

PART I—FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

AMERICAN NATIONAL INSURANCE COMPANY

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

(Unaudited and in thousands, except for share and per share data)

	September 30, 2014			December 31, 2013
ASSETS
Fixed maturity, bonds held-to-maturity, at amortized cost (Fair Value $8,826,253 and $8,823,068)	$	8,364,731		$	8,491,347
Fixed maturity, bonds available-for-sale, at fair value (Amortized cost $4,700,235 and $4,456,391)		4,926,218			4,599,673
Equity securities, at fair value (Cost $745,733 and $741,080)		1,494,471			1,410,608
Mortgage loans on real estate, net of allowance		3,318,552			3,299,242
Policy loans		404,705			397,407
Investment real estate, net of accumulated depreciation of $181,125 and $211,575		458,116			507,142
Short-term investments		346,343			495,386
Other invested assets		202,131			201,442
Total investments		19,515,267			19,402,247
Cash and cash equivalents		136,142			117,946
Investments in unconsolidated affiliates		335,419			341,012
Accrued investment income		198,559			194,830
Reinsurance recoverables		410,525			414,743
Prepaid reinsurance premiums		55,681			57,869
Premiums due and other receivables		294,678			279,929
Deferred policy acquisition costs		1,249,704			1,277,733
Property and equipment, net		119,259			107,070
Current tax receivable		4,403			18,507
Other assets		148,448			142,043
Separate account assets		992,615			970,954
Total assets	$	23,460,700		$	23,324,883
LIABILITIES
Future policy benefits
Life	$	2,736,156		$	2,677,213
Annuity		982,720			903,437
Accident and health		70,699			71,941
Policyholders’ account balances		10,893,918			11,181,650
Policy and contract claims		1,289,997			1,297,646
Unearned premium reserve		779,934			739,878
Other policyholder funds		332,411			326,885
Liability for retirement benefits		143,400			160,853
Notes payable		109,349			113,849
Deferred tax liabilities, net		286,545			220,428
Other liabilities		433,855			456,818
Separate account liabilities		992,615			970,954
Total liabilities		19,051,599			19,121,552
STOCKHOLDERS’ EQUITY
Common stock, $1.00 par value,—Authorized 50,000,000 Issued 30,832,449 and 30,832,449, Outstanding 26,871,942 and 26,895,188 shares		30,832			30,832
Additional paid-in capital		8,862			4,650
Accumulated other comprehensive income		504,338			413,712
Retained earnings		3,954,731			3,838,821
Treasury stock, at cost		(101,941	)		(97,441	)
Total American National stockholders’ equity		4,396,822			4,190,574
Noncontrolling interest		12,279			12,757
Total stockholders’ equity		4,409,101			4,203,331
Total liabilities and stockholders’ equity	$	23,460,700		$	23,324,883

See accompanying notes to the consolidated financial statements.

3

AMERICAN NATIONAL INSURANCE COMPANY

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited and in thousands, except for share and per share data)

	Three months ended September 30,						Nine months ended September 30,
	2014			2013			2014			2013
PREMIUMS AND OTHER REVENUE
Premiums
Life	$	79,492		$	75,278		$	224,165		$	215,479
Annuity		34,661			23,412			148,250			89,733
Accident and health		53,454			52,839			164,169			159,100
Property and casualty		279,429			271,270			820,953			801,106
Other policy revenues		55,255			52,975			167,041			152,910
Net investment income		236,489			254,336			697,604			752,488
Realized investment gains (losses)		(649	)		43,795			27,548			107,473
Other-than-temporary impairments		(1,608	)		(312	)		(3,045	)		(3,503	)
Other income		9,647			11,911			26,707			29,423
Total premiums and other revenues		746,170			785,504			2,273,392			2,304,209
BENEFITS, LOSSES AND EXPENSES
Policyholder benefits
Life		83,740			83,821			257,505			246,896
Annuity		43,893			34,860			180,372			118,155
Claims incurred
Accident and health		33,193			34,404			109,859			106,378
Property and casualty		180,413			182,809			563,650			581,042
Interest credited to policyholders’ account balances		83,746			98,862			258,952			309,738
Commissions for acquiring and servicing policies		97,608			94,504			299,992			273,360
Other operating expenses		118,002			128,115			357,043			381,850
Change in deferred policy acquisition costs		10,800			7,265			10,854			19,568
Total benefits, losses and expenses		651,395			664,640			2,038,227			2,036,987
Income (loss) before federal income tax and equity in earnings/losses of unconsolidated affiliates		94,775			120,864			235,165			267,222
Less: Provision (benefit) for federal income taxes
Current		23,639			36,541			55,690			63,920
Deferred		3,110			(782	)		9,974			7,959
Total provision (benefit) for federal income taxes		26,749			35,759			65,664			71,879
Equity in earnings (losses) of unconsolidated affiliates, net of tax		2,735			121			10,405			9,774
Net income (loss)		70,761			85,226			179,906			205,117
Less: Net income (loss) attributable to noncontrolling interest, net of tax		2,877			2,613			1,883			4,364
Net income (loss) attributable to American National	$	67,884		$	82,613		$	178,023		$	200,753
Amounts available to American National common stockholders
Earnings per share
Basic	$	2.53		$	3.08		$	6.64		$	7.49
Diluted		2.52			3.07			6.61			7.46
Cash dividends to common stockholders		0.77			0.77			2.31			2.31
Weighted average common shares outstanding		26,805,535			26,780,313			26,800,835			26,789,564
Weighted average common shares outstanding and dilutive potential common shares		26,911,507			26,905,093			26,919,414			26,910,017

See accompanying notes to the consolidated financial statements.

4

AMERICAN NATIONAL INSURANCE COMPANY

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(Unaudited and in thousands)

	Three months ended September 30,						Nine months ended September 30,
	2014			2013			2014			2013
Net income (loss)	$	70,761		$	85,226		$	179,906		$	205,117
Other comprehensive income (loss), net of tax
Change in net unrealized gain (loss) on securities		(17,708	)		26,747			89,051			31,569
Foreign currency transaction and translation adjustments		(476	)		(625	)		(577	)		(211	)
Defined pension benefit plan adjustment		718			2,876			2,152			8,627
Other comprehensive income (loss), net of tax		(17,466	)		28,998			90,626			39,985
Total comprehensive income (loss)		53,295			114,224			270,532			245,102
Less: Comprehensive income (loss) attributable to noncontrolling interest		2,877			2,613			1,883			4,364
Total comprehensive income (loss) attributable to American National	$	50,418		$	111,611		$	268,649		$	240,738

AMERICAN NATIONAL INSURANCE COMPANY

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

(Unaudited and in thousands, except for per share data)

	Nine months ended September 30,
	2014			2013
Common Stock
Balance at beginning and end of the period	$	30,832		$	30,832
Additional Paid-In Capital
Balance as of January 1,		4,650			—
Reissuance of treasury shares		1,635			3,012
Income tax effect from restricted stock arrangement		—			80
Amortization of restricted stock		2,577			1,028
Balance at end of period		8,862			4,120
Accumulated Other Comprehensive Income (Loss)
Balance as of January 1,		413,712			242,010
Other comprehensive income (loss)		90,626			39,985
Balance at end of the period		504,338			281,995
Retained Earnings
Balance as of January 1,		3,838,821			3,653,280
Net income (loss) attributable to American National		178,023			200,753
Cash dividends to common stockholders		(62,113	)		(62,122	)
Balance at end of the period		3,954,731			3,791,911
Treasury Stock
Balance as of January 1,		(97,441	)		(98,286	)
Reissuance (purchases) of treasury shares		(4,500	)		844
Balance at end of the period		(101,941	)		(97,442	)
Noncontrolling Interest
Balance as of January 1,		12,757			11,491
Contributions		478			456
Distributions		(2,839	)		(2,675	)
Gain (loss) attributable to noncontrolling interest		1,883			4,364
Balance at end of the period		12,279			13,636
Total Stockholders’ Equity	$	4,409,101		$	4,025,052

See accompanying notes to the consolidated financial statements.

5

AMERICAN NATIONAL INSURANCE COMPANY

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited and in thousands)

	Nine months ended September 30,
	2014			2013
OPERATING ACTIVITIES
Net income (loss)	$	179,906		$	205,117
Adjustments to reconcile net income (loss) to net cash provided by operating activities
Realized investment (gains) losses		(27,548	)		(107,473	)
Other-than-temporary impairments		3,045			3,503
Accretion (amortization) of discounts, premiums and loan origination fees		6,316			4,460
Net capitalized interest on policy loans and mortgage loans		(23,988	)		(20,156	)
Depreciation		26,421			24,873
Interest credited to policyholders’ account balances		258,952			309,738
Charges to policyholders’ account balances		(167,041	)		(152,910	)
Deferred federal income tax (benefit) expense		9,974			7,959
Equity in (earnings) losses of unconsolidated affiliates		(10,405	)		(9,774	)
Distributions from equity method investments		679			18,925
Changes in
Policyholder liabilities		166,392			48,816
Deferred policy acquisition costs		10,854			19,568
Reinsurance recoverables		4,218			17,883
Premiums due and other receivables		(15,189	)		(26,248	)
Prepaid reinsurance premiums		2,188			4,945
Accrued investment income		(3,729	)		3,630
Current tax receivable/payable		14,104			30,975
Liability for retirement benefits		(17,453	)		8,093
Other, net		(44,626	)		(38,730	)
Net cash provided by (used in) operating activities		373,070			353,194
INVESTING ACTIVITIES
Proceeds from sale/maturity/prepayment of
Held-to-maturity securities		442,748			1,209,058
Available-for-sale securities		705,681			702,625
Investment real estate		45,843			84,371
Mortgage loans		421,023			446,480
Policy loans		41,331			43,911
Other invested assets		34,537			11,021
Disposals of property and equipment		2,571			674
Distributions from unconsolidated affiliates		49,403			22,834
Payment for the purchase/origination of
Held-to-maturity securities		(356,452	)		(856,086	)
Available-for-sale securities		(883,346	)		(737,342	)
Investment real estate		(28,865	)		(35,240	)
Mortgage loans		(444,140	)		(638,690	)
Policy loans		(21,721	)		(19,564	)
Other invested assets		(14,376	)		(13,690	)
Additions to property and equipment		(13,038	)		(17,958	)
Contributions to unconsolidated affiliates		(40,333	)		(94,078	)
Change in short-term investments		149,043			(26,393	)
Other, net		3,834			8,561
Net cash provided by (used in) investing activities		93,743			90,494
FINANCING ACTIVITIES
Policyholders’ account deposits		783,255			654,346
Policyholders’ account withdrawals		(1,162,898	)		(1,164,806	)
Change in notes payable		(4,500	)		(49,258	)
Dividends to stockholders		(62,113	)		(62,122	)
Proceeds from (payments to) noncontrolling interest		(2,361	)		(2,219	)
Net cash provided by (used in) financing activities		(448,617	)		(624,059	)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		18,196			(180,371	)
Beginning of the period		117,946			303,008
End of period	$	136,142		$	122,637

See accompanying notes to the consolidated financial statements.

6

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

1. NATURE OF OPERATIONS

American National Insurance Company and its consolidated subsidiaries (collectively “American National”) offer a broad spectrum of insurance products, including individual and group life insurance, annuities, health insurance, and property and casualty insurance. Business is conducted in 50 states, the District of Columbia, Puerto Rico, Guam and American Samoa.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES

The consolidated financial statements and notes thereto have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) and are reported in U.S. currency. American National consolidates entities that are wholly-owned and those in which American National owns less than 100% but controls, as well as variable interest entities in which American National is the primary beneficiary. Intercompany balances and transactions with consolidated entities have been eliminated. Investments in unconsolidated affiliates are accounted for using the equity method of accounting. Certain amounts in prior years have been reclassified to conform to current year presentation.

The interim consolidated financial statements and notes herein are unaudited and reflect all adjustments which management considers necessary for the fair presentation of the interim consolidated statements of financial position, operations, comprehensive income (loss), changes in stockholders’ equity, and cash flows.

The interim consolidated financial statements and notes should be read in conjunction with the annual consolidated financial statements and notes thereto included in American National’s Annual Report on Form 10-K as of and for the year ended December 31, 2013. The consolidated results of operations for the interim periods should not be considered indicative of results to be expected for the full year.

The preparation of the consolidated financial statements in conformity with GAAP requires the use of estimates and assumptions that affect the reported consolidated financial statement balances. Actual results could differ from those estimates.

3. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

Adoption of New Accounting Standards—The Financial Accounting Standards Board (“FASB”) issued the following accounting guidance relevant to American National, including technical amendments and corrections to make the accounting standards easier to understand and fair value measurement easier to apply. Each became effective for American National on January 1, 2014 and, unless stated otherwise, did not have a material effect on the consolidated financial statements.

Amended guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of the guidance is fixed at the reporting date. The amended guidance requires the entity to measure obligations resulting from joint and several liability arrangements as the sum of the amount the reporting entity agreed with co-obligors to pay and any additional amounts it expects to pay on behalf of one or more co-obligors.

7

Future Adoption of New Accounting Standards—The FASB issued the following accounting standards relevant to American National:

Guidance that allows investors to elect the use of proportional amortization method to account for investments in qualified affordable housing projects, if certain conditions are met. The new guidance replaces the effective yield method and allows an investor to amortize the cost of its investment, in proportion to the tax credits and other tax benefits it receives, to income tax expense. The guidance requires new disclosure for all investors for all investments in qualified affordable housing projects, regardless of the accounting method used for those investments.

Guidance that will supersede most existing revenue recognition requirements in U.S. Generally Accepted Accounting Principles. The Standard will become effective for American National on January 1, 2017 and allows for both retrospective and prospective methods of adoption. American National is in the process of determining the adoption method and is currently assessing the impact of this standard.

8

4. INVESTMENTS IN SECURITIES

The cost or amortized cost and fair value of investments in securities are shown below (in thousands):

	September 30, 2014
	Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
Fixed maturity securities, bonds held-to-maturity
U.S. states and political subdivisions	$	327,022	$	25,144	$	(67	)	$	352,099
Foreign governments		29,122		1,641		—			30,763
Corporate debt securities		7,636,327		453,220		(40,292	)		8,049,255
Residential mortgage-backed securities		353,444		22,178		(1,921	)		373,701
Collateralized debt securities		2,236		223		—			2,459
Other debt securities		16,580		1,396		—			17,976
Total bonds held-to-maturity		8,364,731		503,802		(42,280	)		8,826,253
Fixed maturity securities, bonds available-for-sale
U.S. treasury and government		24,073		783		—			24,856
U.S. states and political subdivisions		746,801		33,661		(2,940	)		777,522
Foreign governments		5,000		1,900		—			6,900
Corporate debt securities		3,866,518		206,396		(16,342	)		4,056,572
Residential mortgage-backed securities		45,644		2,112		(754	)		47,002
Collateralized debt securities		12,199		1,175		(8	)		13,366
Total bonds available-for-sale		4,700,235		246,027		(20,044	)		4,926,218
Equity securities
Common stock		722,015		734,419		(3,791	)		1,452,643
Preferred stock		23,718		18,123		(13	)		41,828
Total equity securities		745,733		752,542		(3,804	)		1,494,471
Total investments in securities	$	13,810,699	$	1,502,371	$	(66,128	)	$	15,246,942

	December 31, 2013
	Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
Fixed maturity securities, bonds held-to-maturity
U.S. treasury and government	$	1,738	$	6	$	—		$	1,744
U.S. states and political subdivisions		346,240		16,945		(529	)		362,656
Foreign governments		29,099		2,505		—			31,604
Corporate debt securities		7,700,559		410,232		(116,900	)		7,993,891
Residential mortgage-backed securities		400,619		20,711		(2,647	)		418,683
Collateralized debt securities		2,366		225		—			2,591
Other debt securities		10,726		1,173		—			11,899
Total bonds held-to-maturity		8,491,347		451,797		(120,076	)		8,823,068
Fixed maturity securities, bonds available-for-sale
U.S. treasury and government		21,751		725		—			22,476
U.S. states and political subdivisions		630,199		22,118		(13,756	)		638,561
Foreign governments		5,000		1,649		—			6,649
Corporate debt securities		3,689,349		171,717		(54,033	)		3,807,033
Residential mortgage-backed securities		61,135		2,940		(1,068	)		63,007
Commercial mortgage-backed securities		18,223		11,037		—			29,260
Collateralized debt securities		13,884		1,320		(18	)		15,186
Other debt securities		16,850		679		(28	)		17,501
Total bonds available-for-sale		4,456,391		212,185		(68,903	)		4,599,673
Equity securities
Common stock		717,390		653,967		(2,362	)		1,368,995
Preferred stock		23,690		18,301		(378	)		41,613
Total equity securities		741,080		672,268		(2,740	)		1,410,608
Total investments in securities	$	13,688,818	$	1,336,250	$	(191,719	)	$	14,833,349

9

The amortized costs and fair values, by contractual maturity, of fixed maturity securities are shown below (in thousands):

	September 30, 2014
	Bonds Held-to-Maturity				Bonds Available-for-Sale
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due in one year or less	$	902,160	$	921,894	$	345,538	$	351,549
Due after one year through five years		2,046,277		2,257,421		855,878		932,247
Due after five years through ten years		4,988,483		5,196,155		3,029,503		3,154,290
Due after ten years		421,961		445,711		464,316		483,132
Without single maturity date		5,850		5,072		5,000		5,000
Total	$	8,364,731	$	8,826,253	$	4,700,235	$	4,926,218

Actual maturities differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Residential and commercial mortgage-backed securities, which are not due at a single maturity, have been allocated to their respective categories based on the year of final contractual maturity.

Proceeds from sales of available-for-sale securities, with the related gross realized gains and losses, are shown below (in thousands):

	Three months ended September 30 ,					Nine months ended September 30,
	2014		2013			2014			2013
Proceeds from sales of available-for-sale securities	$	2,671	$	33,390		$	139,137		$	189,438
Gross realized gains		228		10,349			24,994			33,699
Gross realized losses		—		(97	)		(2,123	)		(623	)

All gains and losses for securities sold throughout the periods presented were determined using specific identification of the securities sold. During the nine months ended September 30, 2014 and 2013, bonds with a carrying value of $44,781,000 and $13,492,000, respectively, were transferred from held-to-maturity to available-for-sale after a significant deterioration in the issuers’ creditworthiness became evident. An unrealized gain of $1,301,000 and unrealized loss of $263,000 were established in 2014 and 2013, respectively following the transfers at fair value.

Change in net unrealized gains (losses) on securities

The components of the change in net unrealized gains (losses) on securities are shown below (in thousands):

	Nine months ended September 30,
	2014			2013
Bonds available-for-sale	$	82,701		$	(163,493	)
Equity securities		79,211			165,613
Change in net unrealized gains (losses) on securities during the year		161,912			2,120
Adjustments for
Deferred policy acquisition costs		(17,175	)		46,643
Participating policyholders’ interest		(8,526	)		1,018
Deferred federal income tax benefit (expense)		(47,160	)		(18,212	)
Change in net unrealized gains (losses) on securities, net of tax	$	89,051		$	31,569

10

The gross unrealized losses and fair value of the investment securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are shown below (in thousands):

	September 30, 2014
	Less than 12 months					12 Months or more					Total
	Unrealized (Losses)			Fair Value		Unrealized (Losses)			Fair Value		Unrealized (Losses)			Fair Value
Fixed maturity securities, bonds held-to-maturity
U.S. states and political subdivisions	$	(2	)	$	588	$	(65	)	$	2,455	$	(67	)	$	3,043
Corporate debt securities		(7,727	)		511,249		(32,565	)		799,719		(40,292	)		1,310,968
Residential mortgage-backed securities		(225	)		18,589		(1,696	)		31,203		(1,921	)		49,792
Total bonds held-to-maturity		(7,954	)		530,426		(34,326	)		833,377		(42,280	)		1,363,803
Fixed maturity securities, bonds available-for-sale
U.S. Treasury & other U.S. Gov corporations and agencies		—			476		—			—		—			476
U.S. states and political subdivisions		(449	)		37,887		(2,491	)		79,485		(2,940	)		117,372
Corporate debt securities		(5,167	)		372,578		(11,175	)		338,870		(16,342	)		711,448
Residential mortgage-backed securities		(147	)		10,908		(607	)		13,835		(754	)		24,743
Collateralized debt securities		(1	)		117		(7	)		361		(8	)		478
Other Debt Securities		—			—		—			—		—			—
Total bonds available-for-sale		(5,764	)		421,966		(14,280	)		432,551		(20,044	)		854,517
Equity securities
Common stock		(3,791	)		37,132		—			—		(3,791	)		37,132
Preferred stock		(13	)		1,874		—			—		(13	)		1,874
Total equity securities		(3,804	)		39,006		—			—		(3,804	)		39,006
Total	$	(17,522	)	$	991,398	$	(48,606	)	$	1,265,928	$	(66,128	)	$	2,257,326
	December 31, 2013
	Less than 12 months					12 Months or more					Total
	Unrealized (Losses)			Fair Value		Unrealized (Losses)			Fair Value		Unrealized (Losses)			Fair Value
Fixed maturity securities, bonds held-to-maturity
U.S. states and political subdivisions	$	(529	)	$	22,430	$	—		$	—	$	(529	)	$	22,430
Corporate debt securities		(104,308	)		1,916,758		(12,592	)		109,603		(116,900	)		2,026,361
Residential mortgage-backed securities		(1,718	)		31,715		(929	)		13,514		(2,647	)		45,229
Total bonds held-to-maturity		(106,555	)		1,970,903		(13,521	)		123,117		(120,076	)		2,094,020
Fixed maturity securities, bonds available-for-sale
U.S. Treasury & other U.S. Gov corporations and agencies		—			725		—			—		—			725
U.S. states and political subdivisions		(13,271	)		168,093		(485	)		2,905		(13,756	)		170,998
Corporate debt securities		(49,198	)		1,083,677		(4,835	)		92,004		(54,033	)		1,175,681
Residential mortgage-backed securities		(978	)		16,835		(90	)		1,872		(1,068	)		18,707
Collateralized debt securities		(3	)		205		(15	)		587		(18	)		792
Other debt securities		(28	)		10,027		—			—		(28	)		10,027
Total bonds available-for-sale		(63,478	)		1,279,562		(5,425	)		97,368		(68,903	)		1,376,930
Equity securities
Common stock		(2,362	)		29,978		—			—		(2,362	)		29,978
Preferred stock		(378	)		6,123		—			—		(378	)		6,123
Total equity securities		(2,740	)		36,101		—			—		(2,740	)		36,101
Total	$	(172,773	)	$	3,286,566	$	(18,946	)	$	220,485	$	(191,719	)	$	3,507,051

As of September 30, 2014, the securities with unrealized losses were not deemed to be other-than-temporarily impaired, including those with the duration of the unrealized losses exceeding one year. American National has the ability and intent to hold those securities until a market price recovery or maturity. Further, it is not more-likely-than-not that American National will be required to sell them prior to recovery, and recovery is expected in a reasonable period of time. It is possible an issuer’s financial circumstances may be different in the future, which may lead to a different impairment conclusion in future periods.

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Credit Risk Management

Bonds distributed by credit quality rating, using both S&P and Moody’s ratings, are shown below:

	September 30, 2014			December 31, 2013
AAA		4.9	%		4.9	%
AA		12.5			11.3
A		40.1			40.7
BBB		39.0			39.2
BB and below		3.5			3.9
Total		100.0	%		100.0	%

Equity securities by market sector distribution are shown below:

	September 30, 2014			December 31, 2013
Consumer goods		19.2	%		19.8	%
Energy and utilities		14.7			15.0
Financials		18.8			19.3
Healthcare		13.8			12.7
Industrials		8.4			9.0
Information technology		16.3			15.7
Other		8.8			8.5
Total		100.0	%		100.0	%

5. MORTGAGE LOANS

Generally, commercial mortgage loans are secured by first liens on income-producing real estate. American National attempts to maintain a diversified portfolio by considering the property-type and location of the underlying collateral. Mortgage loans by property-type and geographic distribution are as follows:

	September 30, 2014			December 31, 2013
Hotel and motel		11.3	%		10.0	%
Industrial		21.2			24.9
Office		35.6			34.0
Retail		18.2			19.6
Other		13.7			11.5
Total		100.0	%		100.0	%
	September 30, 2014			December 31, 2013
East North Central		19.5	%		19.3	%
East South Central		5.0			6.8
Mountain		10.3			10.0
Pacific		12.3			12.3
South Atlantic		21.0			19.6
West South Central		25.1			26.4
Other		6.8			5.6
Total		100.0	%		100.0	%

As of September 30, 2014, American National was in the process of foreclosure on two loans with a recorded investment of $15,945,000; there was one loan foreclosed in the same period in 2013 with a recorded investment of $5,600,000. No loans were sold in the nine months ended September 30, 2014 and 2013.

12

Credit Quality

The credit quality of the mortgage loan portfolio is assessed by evaluating the credit risk of each borrower. A loan is classified as performing or non-performing based on whether all of the contractual terms of the loan have been met.

The age analysis of past due commercial mortgage loans is shown below (in thousands):

	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Mortgage Loans
September 30, 2014
Industrial	$	—	$	—	$	—	$	—	$	705,801	$	705,801
Office		—		—		—		—		1,191,525		1,191,525
Retail		—		—		—		—		610,335		610,335
Other		—		—		—		—		828,496		828,496
Total	$	—	$	—	$	—	$	—	$	3,336,157		3,336,157
Allowance for loan losses												17,605
Mortgage loans on real estate, net of allowance											$	3,318,552
December 31, 2013
Industrial	$	—	$	—	$	2,739	$	2,739	$	821,741	$	824,480
Office		—		—		—		—		1,124,818		1,124,818
Retail		—		—		—		—		651,236		651,236
Other		—		—		—		—		710,889		710,889
Total	$	—	$	—	$	2,739	$	2,739	$	3,308,684		3,311,423
Allowance for loan losses												12,181
Mortgage loans on real estate, net of allowance											$	3,299,242

Commercial mortgage loans placed on nonaccrual status are shown below (in thousands):

	September 30, 2014		December 31, 2013
Industrial	$	—	$	2,739

Total mortgage loans are net of unamortized discounts of $708,000 and $852,000 and unamortized origination fees of $16,378,000 and $15,709,000 at September 30, 2014 and December 31, 2013, respectively. No unearned income is included in these amounts.

Allowance for Credit Losses

Loans not evaluated individually for collectability are segregated by property-type and location, and allowance factors are applied. These factors are developed annually and reviewed quarterly based on our historical loss experience adjusted for the expected trend in the rate of foreclosure losses. Allowance factors are higher for loans of certain property types and in certain regions based on loss experience or a blended historical loss factor.

The change in allowance for credit losses in commercial mortgage loans is shown below (in thousands):

	Nine months ended September 30, 2014
	Collectively Evaluated for Impairment			Individually Evaluated for Impairment
Beginning balance, 2014	$	11,688		$	493
Change Due to Factor Development		(441	)		—
Change in allowance		775			5,090
Ending balance, 2014	$	12,022		$	5,583

At September 30, 2014 and December 31, 2013, the recorded investment for loans collectively evaluated for impairment was $3,279,133,000 and $3,294,235,000, respectively, and the recorded investment for loans individually evaluated for impairment was $57,024,000 and $17,188,000, respectively.

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Loans individually evaluated for impairment with and without an allowance are shown below (in thousands):

	September 30, 2014				September 30, 2013
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
Three months ended
With an allowance recorded
Office	$	27,564	$	547	$	23,159	$	393
Retail		—		—		493		—
Total	$	27,564	$	547	$	23,652	$	393
Without an allowance recorded
Office	$	26,941	$	431	$	6,432	$	110
Industrial		2,702		36		—		—
Retail		851		11		—		—
Total	$	30,494	$	478	$	6,432	$	110
Nine months ended
With an allowance recorded
Office	$	29,421	$	1,663	$	23,234	$	1,192
Retail		—		—		493		—
Total	$	29,421	$	1,663	$	23,727	$	1,192
Without an allowance recorded
Office	$	27,019	$	1,298	$	6,439	$	331
Industrial		2,721		110		—		—
Retail		1,149		16		—		—
Total	$	30,889	$	1,424	$	6,439	$	331
	September 30, 2014				December 31, 2013
	Recorded Investment		Unpaid Principal Balance		Recorded Investment		Unpaid Principal Balance
With an allowance recorded
Office	$	26,662	$	27,947	$	—	$	—
Retail		—		—		493		493
Total	$	26,662	$	27,947	$	493	$	493
Without an allowance recorded
Office	$	26,941	$	26,941	$	12,377	$	12,377
Industrial		2,702		2,702		2,739		2,739
Retail		719		719		1,579		1,579
Total	$	30,362	$	30,362	$	16,695	$	16,695

Troubled Debt Restructurings

American National has granted concessions to mortgage loan borrowers related to their ability to pay the loans which are classified as troubled debt restructurings. Concessions are generally one of, or a combination of, a delay in payment of principal or interest, a reduction of the contractual interest rate or an extension of the maturity date. American National considers the amount, timing and extent of concessions in determining any impairment or changes in the specific allowance for loan losses recorded in connection with a troubled debt restructuring. The carrying value after specific allowance, before and after modification in a troubled debt restructuring, may not decrease significantly, or may increase if the expected recovery is higher than the pre-modification recovery assessment.

14

The number of mortgage loans and recorded investments in troubled debt restructuring are as follows (in thousands except for number of contracts):

	Nine months ended September 30,
	2014					2013
	Number of contracts	Recorded investment pre- modification		Recorded investment post modification		Number of contracts		Recorded investment pre- modification		Recorded investment post modification
Office	3	$	34,400	$	30,996		1	$	6,432	$	6,432

There were no commitments to lend additional funds to debtors whose loans have been modified in troubled debt restructuring. One restructured loan is in the process of foreclosure.

6. INVESTMENT REAL ESTATE

Investment real estate by property-type and geographic distribution are as follows:

	September 30, 2014			December 31, 2013
Industrial		13.8	%		12.3	%
Office		20.7			23.1
Retail		46.4			43.4
Other		19.1			21.2
Total		100.0	%		100.0	%
	September 30, 2014			December 31, 2013
East North Central		4.8	%		7.8	%
East South Central		4.8			5.4
Mountain		6.5			6.0
Pacific		7.4			5.5
South Atlantic		12.7			13.4
West South Central		57.1			59.0
Other		6.7			2.9
Total		100.0	%		100.0	%

American National regularly invests in real estate partnerships and joint ventures. American National frequently participates in the design of these entities with the sponsor, but in most cases, its involvement is limited to financing. Through analysis performed by American National, some of these partnerships and joint ventures have been determined to be variable interest entities (“VIEs”). In certain instances, in addition to an economic interest in the entity, American National holds the power to direct the most significant activities of the entity and is deemed the primary beneficiary or consolidator of the entity. The assets of the consolidated VIEs are restricted and must first be used to settle their liabilities. Creditors or beneficial interest holders of these VIEs have no recourse to the general credit of American National, as American National’s obligation is limited to the amount of its committed investment. American National has not provided financial or other support to the VIEs in the form of liquidity arrangements, guarantees, or other commitments to third parties that may affect the fair value or risk of its variable interest in the VIEs in 2014 or 2013.

15

The assets and liabilities relating to the VIEs included in the consolidated financial statements are as follows (in thousands):

	September 30, 2014		December 31, 2013
Investment real estate	$	138,994	$	123,624
Cash and cash equivalents		1,761		2,154
Accrued investment income		412		2,197
Other receivables		7,986		8,488
Other assets		5,686		6,016
Total assets of consolidated VIEs	$	154,839	$	142,479
Notes payable	$	109,349	$	113,849
Other liabilities		4,595		6,680
Total liabilities of consolidated VIEs	$	113,944	$	120,529

The notes payable in the consolidated statements of financial position pertain to the borrowings of the consolidated VIEs. The liability of American National Insurance Company relating to notes payable of the consolidated VIEs is limited to the amount of its direct or indirect investment in the respective ventures, which totaled $14,948,000 and $12,782,000 at September 30, 2014 and December 31, 2013, respectively. The current portion of notes payable was $543,000 and $3,199,000 at September 30, 2014 and December 31, 2013, respectively. The average interest rate on the current portion of the notes payable was 4.25% during 2014. The total long-term portion of notes payable consists of three notes with the following interest rates: 4.0 %, and adjusted LIBOR plus 1.0%. Of the long-term notes payable, $9,375,000 will mature in 2016, with the remainder maturing beyond 5 years.

For other VIEs in which American National invests, it is not the primary beneficiary and these entities were not consolidated, as the major decisions that most significantly impact the economic activities of the VIE require unanimous consent of all owners. The following table presents the carrying amount and maximum exposure to loss relating to unconsolidated VIEs (in thousands):

	September 30, 2014				December 31, 2013
	Carrying Amount		Maximum Exposure to Loss		Carrying Amount		Maximum Exposure to Loss
Investment in unconsolidated affiliates	$	195,794	$	195,794	$	195,794	$	195,794
Mortgage loans		153,626		153,626		101,648		101,648
Accrued investment income		617		617		454		454

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7. DERIVATIVE INSTRUMENTS

American National purchases over-the-counter equity-indexed options as economic hedges against fluctuations in the equity markets to which equity-indexed policies are exposed. Equity-indexed policies include a fixed host universal-life insurance or annuity policy and an equity-indexed embedded derivative. The detail of derivative instruments is shown below (in thousands, except the number of instruments):

		September 30, 2014						December 31, 2013
Derivatives Not Designated as Hedging Instruments	Location in the Consolidated Statements of Financial Position	Number of Instruments		Notional Amounts		Estimated Fair Value		Number of Instruments		Notional Amounts		Estimated Fair Value
Equity-indexed options	Other invested assets		416	$	1,034,600	$	170,343		394	$	951,400	$	164,753
Equity-indexed embedded derivative	Policyholders’ account balances		39,723		957,600		191,760		33,579		819,200		148,435

Derivatives Not Designated as Hedging Instruments	Location in the Consolidated Statements of Operations	Gains (Losses) Recognized in Income on Derivatives
		Three months ended September 30,						Nine months ended September 30,
		2014			2013			2014			2013
Equity-indexed options	Net investment income	$	6,562		$	13,260		$	29,011		$	48,019
Equity-indexed embedded derivative	Interest credited to policyholders’ account balances		(1,762	)		(11,056	)		(16,484	)		(39,750	)

8. NET INVESTMENT INCOME AND REALIZED INVESTMENT GAINS (LOSSES)

Net investment income is shown below (in thousands):

	Three months ended September 30,				Nine months ended September 30,
	2014		2013		2014		2013
Bonds	$	148,715	$	157,888	$	450,110	$	479,296
Equity securities		8,146		7,417		26,488		22,653
Mortgage loans		51,652		55,629		159,010		163,497
Real estate		14,245		11,297		11,347		10,228
Options		6,562		13,260		29,011		48,019
Other invested assets		7,169		8,845		21,638		28,795
Total	$	236,489	$	254,336	$	697,604	$	752,488

Realized investment gains (losses) are shown below (in thousands):

	Three months ended September 30,						Nine months ended September 30,
	2014			2013			2014			2013
Bonds	$	1,925		$	9,907		$	21,837		$	16,826
Equity securities		229			10,149			10,293			30,668
Mortgage loans		(1,551	)		(1,561	)		(5,424	)		(1,172	)
Real estate		(1,242	)		25,311			1,787			61,257
Other invested assets		(10	)		(11	)		(945	)		(106	)
Total	$	(649	)	$	43,795		$	27,548		$	107,473

17

The other-than-temporary-impairment losses are shown below (in thousands):

	Three months ended September 30,						Nine months ended September 30,
	2014			2013			2014			2013
Bonds	$	—		$	—		$	(41	)	$	—
Equity securities		(1,608	)		(312	)		(3,004	)		(3,503	)
Total	$	(1,608	)	$	(312	)	$	(3,045	)	$	(3,503	)

9. FAIR VALUE OF FINANCIAL INSTRUMENTS

The carrying amount and fair value of financial instruments are shown below (in thousands):

	September 30, 2014				December 31, 2013
	Carrying				Carrying
	Amount		Fair Value		Amount		Fair Value
Financial assets
Fixed maturity securities, bonds held-to-maturity	$	8,364,731	$	8,826,253	$	8,491,347	$	8,823,068
Fixed maturity securities, bonds available-for-sale		4,926,218		4,926,218		4,599,673		4,599,673
Equity securities		1,494,471		1,494,471		1,410,608		1,410,608
Equity-indexed options		170,343		170,343		164,753		164,753
Mortgage loans on real estate, net of allowance		3,318,552		3,515,463		3,299,242		3,470,663
Policy loans		404,705		404,705		397,407		397,407
Short-term investments		346,343		346,343		495,386		495,386
Separate account assets		992,615		992,615		970,954		970,954
Total financial assets	$	20,017,978	$	20,676,411	$	19,829,370	$	20,332,512
Financial liabilities
Investment contracts	$	9,039,356	$	9,039,356	$	9,423,122	$	9,423,122
Embedded derivative liability for equity-indexed contracts		191,760		191,760		148,435		148,435
Notes payable		109,349		109,349		113,849		113,849
Separate account liabilities		992,615		992,615		970,954		970,954
Total financial liabilities	$	10,333,080	$	10,333,080	$	10,656,360	$	10,656,360

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability. A fair value hierarchy is used to determine fair value based on a hypothetical transaction at the measurement date from the perspective of a market participant. American National has evaluated the types of securities in its investment portfolio to determine an appropriate hierarchy level based upon trading activity and the observability of market inputs. The classification of assets or liabilities within the fair value hierarchy is based on the lowest level of significant input to its valuation. The input levels are defined as follows:

Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2 Quoted prices in markets that are not active or inputs that are observable directly or indirectly. Level 2 inputs include quoted prices for similar assets or liabilities other than quoted prices in Level 1; quoted prices in markets that are not active; or other inputs that are observable or can be derived principally from or corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 Unobservable inputs that are supported by little or no market activity and are significant to the fair value of the assets or liabilities. Unobservable inputs reflect American National’s own assumptions about the assumptions that market participants would use in pricing the asset or liability. Level 3 assets and liabilities include financial instruments whose values are determined using pricing models and third-party evaluation, as well as instruments for which the determination of fair value requires significant management judgment or estimation.

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Fixed Maturity Securities and Equity Options—American National utilizes a pricing service to estimate fair value measurements. The estimates of fair value for most fixed maturity securities, including municipal bonds, provided by the pricing service are disclosed as Level 2 measurements as the estimates are based on observable market information rather than market quotes.

The pricing service utilizes market quotations for fixed maturity securities that have quoted prices in active markets. Since fixed maturity securities generally do not trade on a daily basis, the pricing service prepares estimates of fair value measurements for these securities using its proprietary pricing applications, which include available relevant market information, benchmark curves, benchmarking of like securities, sector groupings and matrix pricing. Additionally, an option adjusted spread model is used to develop prepayment and interest rate scenarios.

The pricing service evaluates each asset class based on relevant market information, credit information, perceived market movements and sector news. The market inputs utilized in the pricing evaluation, listed in the approximate order of priority, include: benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers, reference data, and economic events. The extent of the use of each market input depends on the asset class and the market conditions. Depending on the security, the priority of the use of inputs may change or some market inputs may not be relevant. For some securities, additional inputs may be necessary.

American National has reviewed the inputs and methodology used and the techniques applied by the pricing service to produce quotes that represent the fair value of a specific security. The review confirms that the pricing service is utilizing information from observable transactions or a technique that represents a market participant’s assumptions. American National does not adjust quotes received from the pricing service. The pricing service utilized by American National has indicated that they will produce an estimate of fair value only if there is objectively verifiable information available.

American National holds a small amount of private placement debt and fixed maturity securities that have characteristics that make them unsuitable for matrix pricing. For these securities, a quote from an independent broker (typically a market maker) is obtained. Due to the disclaimers on the quotes that indicate that the price is indicative only, American National includes these fair value estimates in Level 3.

For securities priced using a quote from an independent broker, such as the equity options and certain fixed maturity securities, American National uses a market-based fair value analysis to validate the reasonableness of prices received from an independent broker. Price variances above a certain threshold are analyzed further to determine if any pricing issue exists. This analysis is performed quarterly.

Equity Securities—For publicly-traded equity securities, prices are received from a nationally recognized pricing service that are based on observable market transactions, and these securities are classified as Level 1 measurements. For certain preferred stock, current market quotes in active markets are unavailable. In these instances, an estimate of fair value is received from the pricing service. The service utilizes similar methodologies to price preferred stocks as it does for fixed maturity securities. These estimates are disclosed as Level 2 measurements. American National tests the accuracy of the information provided by reference to other services regularly.

Mortgage Loans—The estimated fair value of mortgage loans is determined on a loan by loan basis by applying a discount rate to expected cash flows from future installment and balloon payments. The discount rate takes into account general market trends and specific credit risk trends for the individual loan. Factors used to arrive at the discount rate include inputs from spreads based on U.S. Treasury notes and the loan’s credit quality, region, property type, lien priority, payment type and current status.

Embedded Derivative—The embedded derivative liability for equity-indexed contracts is measured at fair value and is recalculated each reporting period using equity option pricing models. To validate the assumptions used to price the embedded derivative liability, American National measures and compares embedded derivative returns against the returns of equity options held to hedge the liability cash flows.

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The significant unobservable input used to calculate the fair value of the embedded derivatives is equity option implied volatility. An increase in implied volatility will result in an increase in the value of the equity-indexed embedded derivatives, all other things being equal. At September 30, 2014 and December 31, 2013, the one year implied volatility used to estimate embedded derivative value was 16.0% and 15.0%, respectively.

Other Financial Instruments—Other financial instruments classified as Level 3 measurements, as there is little or no market activity, are as follows:

Policy loans—The carrying value of policy loans is the outstanding balance plus any accrued interest. Due to the collateralized nature of policy loans, that it cannot be separated from the policy contract and the unpredictable timing of repayments and that settlement is at outstanding value, American National believes the carrying value of policy loans approximates fair value.

Investment contracts —The carrying value of investment contracts is equivalent to the accrued account balance. The accrued account balance consists of deposits, net of withdrawals, plus or minus interest credited, fees and charges assessed and other adjustments. American National believes that the carrying value of investment contracts approximates fair value because the majority of these contracts’ interest rates reset to current rates offered at anniversary.

Notes payable—Notes payable are carried at outstanding principal balance. The carrying value of the notes payable approximates fair value because the underlying interest rates approximate market rates at the balance sheet date.

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Quantitative Disclosures

The fair value hierarchy measurements of the financial instruments are shown below (in thousands):

	Fair Value Measurement as of September 30, 2014
	Total Fair Value		Level 1		Level 2		Level 3
Financial assets
Fixed maturity securities, bonds held-to-maturity
U.S. states and political subdivisions	$	352,099	$	—	$	352,099	$	—
Foreign governments		30,763		—		30,763		—
Corporate debt securities		8,049,255		—		7,998,901		50,354
Residential mortgage-backed securities		373,701		—		372,724		977
Collateralized debt securities		2,459		—		—		2,459
Other debt securities		17,976		—		13,113		4,863
Total bonds held-to-maturity		8,826,253		—		8,767,600		58,653
Fixed maturity securities, bonds available-for-sale
U.S. treasury and government		24,856		—		24,856		—
U.S. states and political subdivisions		777,522		—		775,012		2,510
Foreign governments		6,900		—		6,900		—
Corporate debt securities		4,056,572		—		4,021,030		35,542
Residential mortgage-backed securities		47,002		—		45,076		1,926
Collateralized debt securities		13,366		—		11,200		2,166
Total bonds available-for-sale		4,926,218		—		4,884,074		42,144
Equity securities
Common stock		1,452,643		1,452,643		—		—
Preferred stock		41,828		41,828		—		—
Total equity securities		1,494,471		1,494,471		—		—
Options		170,343		—		—		170,343
Mortgage loans on real estate		3,515,463		—		3,515,463		—
Policy loans		404,705		—		—		404,705
Short-term investments		346,343		—		346,343		—
Separate account assets		992,615		—		992,615		—
Total financial assets	$	20,676,411	$	1,494,471	$	18,506,095	$	675,845
Financial liabilities
Investment contracts	$	9,039,356	$	—	$	—	$	9,039,356
Embedded derivative liability for equity-indexed contracts		191,760		—		—		191,760
Notes payable		109,349		—		—		109,349
Separate account liabilities		992,615		—		992,615		—
Total financial liabilities	$	10,333,080	$	—	$	992,615	$	9,340,465

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	Fair Value Measurement as of December 31, 2013
	Total Fair Value		Level 1		Level 2		Level 3
Financial assets
Fixed maturity securities, bonds held-to-maturity
U.S. treasury and government	$	1,744	$	—	$	1,744	$	—
U.S. states and political subdivisions		362,656		—		362,656		—
Foreign governments		31,604		—		31,604		—
Corporate debt securities		7,993,891		—		7,950,418		43,473
Residential mortgage-backed securities		418,683		—		417,688		995
Collateralized debt securities		2,591		—		—		2,591
Other debt securities		11,899		—		11,899		—
Total bonds held-to-maturity		8,823,068		—		8,776,009		47,059
Fixed maturity securities, bonds available-for-sale
U.S. treasury and government		22,476		—		22,476		—
U.S. states and political subdivisions		638,561		—		636,041		2,520
Foreign governments		6,649		—		6,649		—
Corporate debt securities		3,807,033		—		3,794,809		12,224
Residential mortgage-backed securities		63,007		—		60,841		2,166
Commercial mortgage-backed securities		29,260		—		—		29,260
Collateralized debt securities		15,186		—		13,052		2,134
Other debt securities		17,501		—		17,501		—
Total bonds available-for-sale		4,599,673		—		4,551,369		48,304
Equity securities
Common stock		1,368,995		1,368,995		—		—
Preferred stock		41,613		41,613		—		—
Total equity securities		1,410,608		1,410,608		—		—
Options		164,753		—		—		164,753
Mortgage loans on real estate		3,470,663		—		3,470,663		—
Policy loans		397,407		—		—		397,407
Short-term investments		495,386		—		495,386		—
Separate account assets		970,954		—		970,954		—
Total financial assets	$	20,332,512	$	1,410,608	$	18,264,381	$	657,523
Financial liabilities
Investment contracts	$	9,423,122	$	—	$	—	$	9,423,122
Embedded derivative liability for equity-indexed contracts		148,435		—		—		148,435
Notes payable		113,849		—		—		113,849
Separate account liabilities		970,954		—		970,954		—
Total financial liabilities	$	10,656,360	$	—	$	970,954	$	9,685,406

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For financial instruments measured at fair value on a recurring basis using Level 3 inputs during the period, a reconciliation of the beginning and ending balances is shown below (in thousands):

	Level 3
	Three months ended September 30,									Nine months ended September 30,
	Assets						Liability			Assets						Liability
				Equity-									Equity-
	Investment			Indexed			Embedded			Investment			Indexed			Embedded
	Securities			Options			Derivative			Securities			Options			Derivative
Beginning balance, 2014	$	11,932		$	163,861		$	186,261		$	48,304		$	164,753		$	148,435
Total realized and unrealized investment gains/losses included in other comprehensive income		138			—			—			(11,735	)		—			—
Net fair value change included in realized gains/losses		—			—			—			13,056			—			—
Net gain (loss) for derivatives included in net investment income		—			4,998			—			—			23,788			—
Net change included in interest credited		—			—			1,762			—			—			16,484
Purchases, sales and settlements or maturities
Purchases		—			3,655			—			—			12,345			—
Sales		(120	)		—			—			(37,670	)		—			—
Settlements or maturities		(5	)		(2,171	)		—			(10	)		(30,543	)		—
Premiums less benefits								3,737									26,841
Gross transfers into Level 3		30,199			—			—			30,199			—			—
Gross transfers out of Level 3		—			—			—			—			—			—
Ending balance September 30, 2014	$	42,144		$	170,343		$	191,760		$	42,144		$	170,343		$	191,760
Beginning balance, 2013	$	55,558		$	115,558		$	100,963		$	107,036		$	82,625		$	75,032
Total realized and unrealized investment gains/losses included in other comprehensive income		(633	)		—			—			10,496			—			—
Net fair value change included in realized gains/losses		(1	)		—			—			218			—			—
Net gain (loss) for derivatives included in net investment income		—			11,775			—			—			42,941			—
Net change included in interest credited		—			—			11,056			—			—			39,750
Purchases, sales and settlements or maturities
Purchases		45			4,470			—			2,115			12,178			—
Sales		(138	)		—			—			(14,272	)		—			—
Settlements or maturities		—			(2,054	)		—			—			(7,995	)		—
Premiums less benefits		—			—			(730	)		—			—			(3,493	)
Gross transfers into Level 3		157			—			—			157			—			—
Gross transfers out of Level 3		(2,840	)		—			—			(53,602	)		—			—
Ending balance September 30, 2013	$	52,148		$	129,749		$	111,289		$	52,148		$	129,749		$	111,289

Within the net gain (loss) for derivatives included in net investment income were unrealized gain/(loss) of $7,395,000 and $39,652,000 relating to assets still held at September 30, 2014 and 2013, respectively.

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10. DEFERRED POLICY ACQUISITION COSTS

Deferred policy acquisition costs are shown below (in thousands):

							Accident			Property &
	Life			Annuity			& Health			Casualty			Total
Beginning balance 2014	$	684,084		$	424,158		$	47,220		$	122,271		$	1,277,733
Additions		77,261			36,413			14,949			161,978			290,601
Amortization		(61,488	)		(58,469	)		(14,084	)		(167,414	)		(301,455	)
Effect of change in unrealized gains on available-for-sale securities		(4,147	)		(13,028	)		—			—			(17,175	)
Net change		11,626			(35,084	)		865			(5,436	)		(28,029	)
Ending balance at September 30, 2014	$	695,710		$	389,074		$	48,085		$	116,835		$	1,249,704

11. LIABILITY FOR UNPAID CLAIMS AND CLAIM ADJUSTMENT EXPENSES

The liability for unpaid claims and claim adjustment expenses (“claims”) for accident and health, and property and casualty insurance is included in the “Policy and contract claims” in the consolidated statements of financial position and represents the amount estimated for claims that have been reported but not settled and IBNR claims. Liability for unpaid claims are estimated based upon American National’s historical experience and actuarial assumptions that consider the effects of current developments, anticipated trends and risk management programs, reduced for anticipated salvage and subrogation. The effects of the changes are included in the consolidated results of operations in the period in which the changes occur.

Information regarding the liability for unpaid claims is shown below (in thousands):

	Nine months ended September 30,
	2014			2013
Unpaid claims balance, beginning	$	1,096,299		$	1,168,047
Less reinsurance recoverables		215,161			256,885
Net beginning balance		881,138			911,162
Incurred related to
Current		706,824			743,194
Prior years		(29,044	)		(50,553	)
Total incurred claims		677,780			692,641
Paid claims related to
Current		410,077			442,100
Prior years		252,082			266,472
Total paid claims		662,159			708,572
Net balance		896,759			895,231
Plus reinsurance recoverables		235,485			226,822
Unpaid claims balance, ending	$	1,132,244		$	1,122,053

The net and gross reserve calculations have shown favorable development for the last several years as a result of favorable loss emergence compared to what was implied by the loss development patterns used in the original estimation of losses in prior years. Estimates for ultimate incurred claims attributable to insured events of prior years decreased by approximately $29,044,000 during the first nine months of 2014 and $50,553,000 during the same period in 2013.

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12. FEDERAL INCOME TAXES

A reconciliation of the effective tax rate to the statutory federal tax rate is shown below (in thousands, except percentages):

	Three months ended September 30,												Nine months ended September 30,
	2014						2013						2014						2013
	Amount			Rate			Amount			Rate			Amount			Rate			Amount			Rate
Income tax (benefit) on pre-tax income	$	33,171			35.0	%	$	42,302			35.0	%	$	82,308			35.0	%	$	93,527			35.0	%
Tax-exempt investment income		(1,742	)		(1.8	)		(1,502	)		(1.2	)		(4,897	)		(2.1	)		(4,700	)		(1.8	)
Dividend exclusion		(1,700	)		(1.8	)		(1,710	)		(1.4	)		(5,253	)		(2.2	)		(4,802	)		(1.8	)
Miscellaneous tax credits, net		(2,658	)		(2.8	)		(1,930	)		(1.6	)		(5,873	)		(2.5	)		(5,820	)		(2.2	)
Other items, net		(322	)		(0.3	)		(1,401	)		(1.2	)		(621	)		(0.3	)		(6,326	)		(2.3	)
	$	26,749			28.3	%	$	35,759			29.6	%	$	65,664			27.9	%	$	71,879			26.9	%

American National made federal tax payments of $41,121,000 during the nine months ended September 30, 2014 and $37,784,000 during the nine months ended September 30, 2013.

Management believes a sufficient level of taxable income will be achieved over time to utilize the deferred tax assets in the consolidated federal tax return; therefore, no valuation allowance was recorded as of September 30, 2014 and December 31, 2013. However, if not utilized beforehand, approximately $2,260,000 of ordinary loss tax carryforwards will expire on December 31, 2034.

The statute of limitations for the examination of federal income tax returns by the Internal Revenue Service for years 2006 to 2009 has been extended. In the opinion of management, all prior year deficiencies have been paid or adequate provisions have been made for any tax deficiencies that may be upheld. No provision for penalties was established, and no interest expense was incurred for 2014 or 2013, relating to uncertain tax positions. Management does not believe there are any uncertain tax benefits that could be recognized within the next twelve months that would decrease American National’s effective tax rate.

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13. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The components of and changes in the accumulated other comprehensive income (loss) (“AOCI”), and the related tax effects, are shown below (in thousands):

	Net Unrealized Gains/(Losses) on Securities			Defined Benefit Pension Plan Adjustments			Foreign Currency Adjustments			AOCI
Beginning balance 2014	$	457,937		$	(43,884	)	$	(341	)	$	413,712
Amounts reclassified from AOCI (net of tax benefit $8,906 and expense $1,159)		(16,539	)		2,152			—			(14,387	)
Unrealized holding gains (losses) arising during the period (net of tax expense $65,575)		121,782									121,782
Unrealized adjustment to DAC (net of tax benefit $6,525)		(10,650	)								(10,650	)
Unrealized (gains) losses on investments attributable to participating policyholders’ interest (net of tax benefit $2,984)		(5,542	)								(5,542	)
Foreign currency adjustment (net of tax benefit $311)								(577	)		(577	)
Ending balance at September 30, 2014	$	546,988		$	(41,732	)	$	(918	)	$	504,338
	Net Unrealized Gains/(Losses) on Securities			Defined Benefit Pension Plan Adjustments			Foreign Currency Adjustments			AOCI
Beginning balance 2013	$	370,842		$	(129,003	)	$	171		$	242,010
Amounts reclassified from AOCI (net of tax benefit $12,720 and expense $4,645)		(23,095	)		8,627			—			(14,468	)
Unrealized holding gains (losses) arising during the period (net of tax expense $13,277)		24,658									24,658
Unrealized adjustment to DAC (net of tax expense $17,299)		29,344									29,344
Unrealized (gains) losses on investments attributable to participating policyholders’ interest (net of tax expense $356)		662									662
Foreign currency adjustment (net of tax benefit $114)								(211	)		(211	)
Ending balance at September 30, 2013	$	402,411		$	(120,376	)	$	(40	)	$	281,995

14. STOCKHOLDERS’ EQUITY AND NONCONTROLLING INTERESTS

American National has one class of common stock with a par value of $1.00 per share and 50,000,000 authorized shares. The amounts outstanding at the dates indicated are shown below:

	September 30,			December 31,
	2014			2013
Common stock
Shares issued		30,832,449			30,832,449
Treasury shares		(3,960,507	)		(3,937,261	)
Outstanding shares		26,871,942			26,895,188
Restricted shares		(142,667	)		(190,667	)
Unrestricted outstanding shares		26,729,275			26,704,521

Stock-based compensation

American National has one stock-based compensation plan, which allows for grants of Non-Qualified Stock Options, Stock Appreciation Rights (“SAR”), Restricted Stock (“RS”) Awards, Restricted Stock Units (“RSU”), Performance Awards, Incentive Awards or any combination thereof. This plan is administered by the American National Board Compensation Committee. The Board Compensation Committee makes incentive awards under this plan to our executives after meeting established performance objectives. All awards are subject to review by the Board of Directors, both when setting applicable performance objectives and at the payment of the awards. The number of shares available for grants under the plan cannot exceed 2,900,000, and no more than 200,000 shares may be granted to any one individual in any calendar year. Grants are made to certain officers and directors as compensation and to align their interests with those of other shareholders.

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SAR, RS and RSU information for the periods indicated is shown below:

	SAR					RS Shares					RS Units
	Shares			Weighted- Average Grant Date Fair Value		Shares			Weighted- Average Grant Date Fair Value		Units			Weighted- Average Grant Date Fair Value
Outstanding at December 31, 2013		74,435		$	114.08		190,667		$	107.54		121,369		$	76.23
Granted		—			—		—			—		66,383			113.49
Exercised		(2,817	)		95.58		(48,000	)		108.00		(59,438	)		76.53
Forfeited		—			—		—			—		(100	)		113.49
Expired		(15,279	)		115.23		—			—		—			—
Outstanding at September 30, 2014		56,339		$	114.69		142,667		$	107.39		128,214		$	95.82

	SAR			RS Shares		RS Units
Weighted-average contractual remaining life (in years)		2.0			4.1		2.0
Exercisable shares
Weighted-average exercise price	$	114.69		$	107.39	$	95.82
Weighted-average exercise price exercisable shares		114.78			N/A		N/A
Compensation expense (credits)
Three months ended September 30, 2014	$	(19,000	)	$	496,000	$	522,000
Three months ended September 30, 2013		87,000			674,000		409,000
Nine months ended September 30, 2014		(33,000	)		2,577,000		6,447,000
Nine months ended September 30, 2013		160,000			1,703,000		8,692,000
Fair value of liability award
September 30, 2014	$	157,000			N/A	$	15,039,000
December 31, 2013		376,000			N/A		15,018,000

The SARs give the holder the right to cash compensation based on the difference between the price of a share of stock on the grant date and the price on the exercise date. The SARs vest at a rate of 20% per year for five years and expire five years after vesting.

RS Awards entitle the participant to full dividend and voting rights. Each award has the value of one share of restricted stock and vests 10 years from the grant date. Unvested shares are restricted as to disposition, and are subject to forfeiture under certain circumstances. Compensation expense is recognized over the vesting period. The restrictions on these awards lapse after 10 years and these awards generally feature a graded vesting schedule in the case of the retirement of an award holder. Restricted stock for 350,334 shares has been granted at an exercise price of zero, of which 142,667 shares are unvested.

Effective December 31, 2012, the settlement provision within outstanding RSU awards was modified to allow the recipient of the awards to settle the vested RSUs in either cash or American National’s common stock. This change in the settlement provision is expected to apply to all future issuance of RSU awards. Prior to the modification, vested RSUs were converted to American National’s common stock on a one-for-one basis. This modification changes the award classification from equity to liability award. At the date of modification, American National recorded a liability of $7,974,000 with a corresponding reduction in additional paid-in capital. The liability will be remeasured and adjusted for changes in the fair value each reporting period through the vesting date. RSUs generally vest after a three-year graded vesting requirement. Certain awards vest over a shorter period as a result of retirement provisions. The modification, which was applied consistently to all participants, resulted in an incremental cost of $5,310,000 for the nine months ended September 30, 2014 and added an incremental cost of $2,947,000 during the nine months ended September 30, 2013.

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Earnings per share

Basic earnings per share were calculated using a weighted average number of shares outstanding. The Restricted Stock awards and units resulted in diluted earnings per share as follows (in thousands, except for share and per share data):

	Three months ended September 30,				Nine months ended September 30,
	2014		2013		2014		2013
Weighted average shares outstanding		26,805,535		26,780,313		26,800,835		26,789,564
Incremental shares from RS awards and RSUs		105,972		124,780		118,579		120,453
Total shares for diluted calculations		26,911,507		26,905,093		26,919,414		26,910,017
Net income (loss) attributable to American National	$	67,884	$	82,613	$	178,023	$	200,753
Basic earnings per share	$	2.53	$	3.08	$	6.64	$	7.49
Diluted earnings per share		2.52		3.07		6.61		7.46

Statutory Capital and Surplus

Risk Based Capital (“RBC”) requirements are measures insurance regulators use to evaluate the capital adequacy of American National Insurance Company and its insurance subsidiaries. RBC is calculated using formulas applied to certain financial balances and activities that consider, among other things, risks related to the type and quality of the invested assets, insurance risks associated with an insurer’s products and liabilities, interest rate risks and general business risks. Insurance companies that do not maintain capital and surplus at a level at least 200% of the authorized control level RBC are required to take certain actions. At September 30, 2014 and December 31, 2013, American National Insurance Company’s statutory capital and surplus was $2,842,984,000 and $2,667,858,000, respectively. Additionally, each of the insurance subsidiaries had statutory capital and surplus at September 30, 2014 and December 31, 2013, substantially above each subsidiary’s authorized control level RBC.

American National’s insurance subsidiaries prepare statutory-basis financial statements in accordance with statutory accounting practices prescribed or permitted by the insurance department of the state of domicile, which include certain components of the National Association of Insurance Commissioners’ Codification of Statutory Accounting Principles (“NAIC Codification”). NAIC Codification is intended to standardize regulatory accounting and reporting to state insurance departments. However, statutory accounting practices continue to be established by individual state laws and permitted practices. Modifications by the various state insurance departments may impact the statutory capital and surplus of American National Insurance Company and its insurance subsidiaries.

Statutory accounting differs from GAAP primarily by charging policy acquisition costs to expense as incurred, establishing future policy benefit liabilities using different actuarial assumptions, and valuing securities on a different basis. In addition, certain assets are not admitted under statutory accounting principles and are charged directly to surplus.

One of American National’s insurance subsidiaries has been granted a permitted practice from the Missouri Department of Insurance to record as the valuation of its investment in a wholly-owned subsidiary that is the attorney-in-fact for a Texas domiciled insurer, the statutory capital and surplus of the Texas domiciled insurer. This permitted practice increases the statutory capital and surplus of both American National Insurance Company and the Missouri domiciled insurance subsidiary by $60,732,000 and $56,205,000 at September 30, 2014 and 2013, respectively. The statutory capital and surplus of both American National Insurance Company and the Missouri domiciled insurance subsidiary would have remained substantially above the company action level RBC had it not used the permitted practice.

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The statutory capital and surplus and net income (loss) of our insurance entities in accordance with statutory accounting practices are shown below (in thousands):

	September 30, 2014		December 31, 2013
Statutory capital and surplus
Life insurance entities	$	1,898,939	$	1,771,999
Property and casualty insurance entities		952,964		904,557

	Three months ended September 30,				Nine months ended September 30,
	2014		2013		2014		2013
Statutory net income
Life insurance entities	$	43,447	$	59,602	$	139,564	$	159,286
Property and casualty insurance entities		22,718		20,205		44,852		26,136

Dividends

American National Insurance Company’s payment of dividends to stockholders is restricted by state laws. The restrictions require life insurance companies to maintain minimum amounts of capital and surplus, and in the absence of special approval, limit the payment of dividends to the greater of prior year statutory net income from operations on an annual, non-cumulative basis, or 10% of prior year statutory surplus. Under Texas insurance law, American National Insurance Company is permitted to pay total dividends of $266,786,000 during 2014 without prior approval of the Texas Department of Insurance. Similar restrictions on amounts that can transfer in the form of dividends, loans, or advances to American National Insurance Company apply to its insurance subsidiaries.

Noncontrolling interests

American National County Mutual Insurance Company (“County Mutual”) is a mutual insurance company that is owned by its policyholders. American National has a management agreement that effectively gives it control of County Mutual. As a result, County Mutual is included in the consolidated financial statements of American National. Policyholder interests in the financial position of County Mutual are reflected as noncontrolling interest of $6,750,000 at September 30, 2014 and December 31, 2013.

American National Insurance Company and its subsidiaries exercise significant control or ownership of various joint ventures, resulting in their consolidation into American National’s consolidated financial statements. The interests of the other partners in the consolidated joint ventures are shown as noncontrolling interests of $5,529,000 and $6,007,000 at September 30, 2014 and December 31, 2013, respectively.

15. SEGMENT INFORMATION

Management organizes the business into five operating segments:

• Life—markets whole, term, universal, indexed and variable life insurance on a national basis primarily through career and multiple-line agents, independent agents and direct marketing channels.

• Annuity—offers fixed, indexed, and variable annuity products. These products are sold through independent agents, brokers, and financial institutions, along with multiple-line and career agents.

• Health—primary lines of business are Medicare Supplement, stop loss, other supplemental health products and credit disability insurance. Health products are typically distributed through independent agents and managing general underwriters.

• Property and Casualty—writes personal and commercial coverages and credit-related property insurance. These products are sold through multiple-line and independent agents.

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• Corporate and Other—consists of net investment income from investments not allocated to the insurance segments and revenues from non-insurance operations.

The accounting policies of the segments are the same as those described in Note 2 to American National’s annual report on form 10-K. All revenue and expense amounts specifically attributable to policy transactions are recorded directly to the appropriate operating segment. Revenues and expenses not specifically attributable to policy transactions are allocated to each segment as follows:

• Recurring income from bonds and mortgage loans is allocated based on the assets allocated to each line of business at the average yield available from these assets.

• Net investment income from all other assets is allocated to the insurance segments in accordance with the amount of capital allocated to each segment, with the remainder recorded in the Corporate and Other business segment.

• Expenses are allocated based upon various factors, including premium and commission ratios within the respective operating segments.

The following summarizes results of operations by operating segments (in thousands):

	Three months ended September 30,				Nine months ended September 30,
	2014		2013		2014		2013
Income (loss) from continuing operations before federal income taxes, and equity in earnings/losses of unconsolidated affiliates
Life	$	10,794	$	9,005	$	22,076	$	23,420
Annuity		24,366		18,631		70,415		69,633
Health		9,304		7,170		19,579		16,164
Property and casualty		30,088		24,634		59,790		33,198
Corporate and other		20,223		61,424		63,305		124,807
Total	$	94,775	$	120,864	$	235,165	$	267,222

16. COMMITMENTS AND CONTINGENCIES

Commitments

American National had aggregate commitments at September 30, 2014, to purchase, expand or improve real estate, to fund fixed interest rate mortgage loans, and to purchase other invested assets of $452,166,000 of which $176,259,000 is expected to be funded in 2014. The remaining $275,907,000 will be funded in 2015 and beyond.

American National has a $100,000,000 short-term variable rate borrowing facility containing a $55,000,000 sub-feature for the issuance of letters of credit. Borrowings under the facility are at the discretion of the lender and would be used only for funding working capital requirements. The combination of borrowings and outstanding letters of credit cannot exceed $100,000,000 at any time. As of September 30, 2014 and December 31, 2013, the outstanding letters of credit were $12,191,000 and $15,560,000, respectively, and there were no borrowings on this facility. This facility expires on October 30, 2015. American National expects it will be renewed on substantially equivalent terms upon expiration.

Guarantees

American National has guaranteed bank loans for customers of a third-party marketing operation. The bank loans are used to fund premium payments on life insurance policies issued by American National. The loans are secured by the cash values of the life insurance policies. If the customer were to default on the bank loan, American National would be obligated to pay off the loans. As the cash values of the life insurance policies always equal or exceed the balance of the loans, management does not foresee any loss on these guarantees. The total amount of the guarantees outstanding as of September 30, 2014, was approximately $206,376,000, while the total cash values of the related life insurance policies was approximately $208,418,000.

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Litigation

American National Insurance Company and certain subsidiaries, in common with the insurance industry in general, are defendants in various lawsuits concerning alleged breaches of contracts, various employment matters, allegedly deceptive insurance sales and marketing practices, and miscellaneous other causes of action arising in the ordinary course of operations. Certain of these lawsuits include claims for compensatory and punitive damages. We provide accruals for these items to the extent we deem the losses probable and reasonably estimable. After reviewing these matters with legal counsel, based upon information presently available, management is of the opinion that the ultimate resultant liability, if any, would not have a material adverse effect on American National’s consolidated financial position, liquidity or results of operations; however, assessing the eventual outcome of litigation necessarily involves forward-looking speculation as to judgments to be made by judges, juries and appellate courts in the future. Such speculation warrants caution, as the frequency of large damage awards, which bear little or no relation to the economic damages incurred by plaintiffs in some jurisdictions, continues to create the potential for an unpredictable judgment in any given lawsuit. These lawsuits are in various stages of development, and future facts and circumstances could result in management’s changing its conclusions. It is possible that, if the defenses in these lawsuits are not successful, and the judgments are greater than management can anticipate, the resulting liability could have a material impact on our consolidated financial position, liquidity or results of operations. With respect to the existing litigation, management currently believes that the possibility of a material judgment adverse to American National is remote and no estimate of range can be made for loss contingencies that are at least reasonably possible but not accrued.

17. RELATED PARTY TRANSACTIONS

American National has entered into recurring transactions and agreements with certain related parties. These include mortgage loans, management contracts, agency commission contracts, marketing agreements, accident and health insurance contracts and legal services. The impact on the consolidated financial statements of the significant related party transactions is shown below (in thousands):

			Dollar Amount of Transactions				Amount due to/(from) American National
			Nine months ended September 30,				September 30, 2014			December 31, 2013
Related Party	Financial Statement Line Impacted		2014		2013
Gal-Tex Hotel Corporation		Mortgage loan on real estate	$	917	$	853	$	6,825		$	7,742
Gal-Tex Hotel Corporation		Net investment income		399		463		41			47
Greer, Herz and Adams, LLP		Other operating expenses		8,037		7,484		(404	)		(284	)

Mortgage Loans to Gal-Tex Hotel Corporation (“Gal-Tex”): The Moody Foundation and the Libbie Shearn Moody Trust own 34.0% and 50.2%, respectively, of Gal-Tex Hotel Corporation. The Moody Foundation and the Libbie Shearn Moody Trust also own approximately 22.9% and 37.1%, respectively, of American National. American National holds a first mortgage loan originated in 1999, with an interest rate of 7.30% and final maturity date of April 1, 2019 issued to Gal-Tex, which is collateralized by a hotel property in San Antonio, Texas. This loan is current as to principal and interest payments.

Transactions with Greer, Herz & Adams, L.L.P.: Irwin M. Herz, Jr. is an American National advisory director and a Partner with Greer, Herz Adams, L.L.P., which serves as American National’s General Counsel.

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Set forth on the following pages is management’s discussion and analysis (“MD&A”) of financial condition and results of operations for the three and nine months ended September 30, 2014 and 2013 of American National Insurance Company and its subsidiaries (referred to in this document as “we”, “our”, “us”, or the “Company”). This information should be read in conjunction with our consolidated financial statements included in Item 1, Financial Statements (unaudited), of this Form 10-Q.

Forward-Looking Statements

This document contains forward-looking statements that reflect our estimates and assumptions related to business, economic, competitive and legislative developments. Forward-looking statements generally are indicated by words such as “expects,” “intends,” “anticipates,” “plans,” “believes,” “estimates,” “will” or words of similar meaning and include, without limitation, statements regarding the outlook of our business and expected financial performance. Forward-looking statements are not guarantees of future performance and involve various risks and uncertainties. Moreover, forward-looking statements speak only as of the date made, and we undertake no obligation to update them. Certain important factors could cause our actual results to differ, possibly materially, from our expectations or estimates. These factors are described in greater detail in Item IA, Risk Factors, in our 2013 Annual Report on Form 10-K filed with the SEC on February 28^th, 2014, and they include among others:

• Economic Risk Factors

• difficult conditions in the economy, which may not improve in the near future, and risks related to persistently low or unpredictable interest rates;

• Operational Risk Factors

• differences between actual experience regarding mortality, morbidity, persistency, expense, surrenders and investment returns, and our assumptions for establishing liabilities and reserves or for other purposes;

• potential ineffectiveness of our risk management policies and procedures;

• changes in our experience related to deferred policy acquisition costs;

• failures or limitations of our computer, data security and administration systems;

• potential employee error or misconduct, which may result in fraud or adversely affect the execution and administration of our policies and claims;

• Investment and Financial Market Risk Factors

• fluctuations in the markets for fixed maturity securities, equity securities, and commercial real estate, which could adversely affect the valuation of our investment portfolio, our net investment income, our retirement expense, and sales of or fees from certain of our products;

• lack of liquidity for certain of our investments;

• risk of investment losses and defaults;

• Catastrophic Event Risk Factors

• natural or man-made catastrophes, pandemic disease, or other events resulting in increased claims activity from catastrophic loss of life or property;

• the effects of unanticipated events on our disaster recovery and business continuity planning;

• Marketplace Risk Factors

• the highly competitive nature of the insurance and annuity business;

• potential difficulty in attraction and retention of qualified employees and agents;

• the introduction of alternative healthcare solutions or changes in federal healthcare policy, both of which could impact our supplement healthcare business;

• Litigation and Regulation Risk Factors

• adverse determinations in litigation or regulatory proceedings which may result in significant financial losses and harm our reputation;

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• the effects of extensive government regulation;

• changes in tax law;

• changes in statutory or U.S. generally accepted accounting principles (“GAAP”), practices or policies;

• Reinsurance and Counterparty Risk Factors

• potential changes in the availability, affordability and adequacy of reinsurance protection;

• potential default or failure to perform by the counterparties to our reinsurance arrangements and derivative instruments;

• Other Risk Factors

• potentially adverse rating agency actions; and

• control of our company by a small number of stockholders.

Overview

We are a diversified insurance and financial services company offering a broad spectrum of insurance products. Chartered in 1905, we are headquartered in Galveston, Texas. We operate in all 50 states, the District of Columbia, Guam, American Samoa and Puerto Rico.

General Trends

American National had no material changes to the general trends, as discussed in the MD&A included in our 2013 Annual Report on Form 10-K filed with the SEC on February 28, 2014.

Critical Accounting Estimates

The unaudited interim consolidated financial statements have been prepared in conformity with GAAP. In addition to GAAP, insurance companies apply specific SEC regulations when preparing the consolidated financial statements. The preparation of the consolidated financial statements and notes requires us to make estimates and assumptions that affect the amounts reported. Actual results could differ from results reported using those estimates and assumptions. Our accounting policies inherently require the use of judgments relating to a variety of assumptions and estimates, particularly expectations of current and future mortality, morbidity, persistency, expenses, interest rates, and property and casualty loss frequency, severity, claim reporting and settlement patterns. Due to the inherent uncertainty when using the assumptions and estimates, the effect of certain accounting policies under different conditions or assumptions could vary from those reported in the consolidated financial statements.

For a discussion of our critical accounting estimates, see the MD&A in our 2013 Annual Report on Form 10-K filed with the SEC on February 28, 2014. There have been no material changes in accounting policies since December 31, 2013.

Recently Issued Accounting Pronouncements

Refer to Note 3, Recently Issued Accounting Pronouncements, of the Notes to the Unaudited Consolidated Financial Statements in Item 1.

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Consolidated Results of Operations

The following sets forth the consolidated results of operations (in thousands):

	Three months ended September 30,								Nine months ended September 30,
	2014			2013		Change			2014		2013		Change
Premiums and other revenues
Premiums	$	447,036		$	422,799	$	24,237		$	1,357,537	$	1,265,418	$	92,119
Other policy revenues		55,255			52,975		2,280			167,041		152,910		14,131
Net investment income		236,489			254,336		(17,847	)		697,604		752,488		(54,884	)
Realized investments gains (losses), net		(2,257	)		43,483		(45,740	)		24,503		103,970		(79,467	)
Other income		9,647			11,911		(2,264	)		26,707		29,423		(2,716	)
Total premiums and other revenues		746,170			785,504		(39,334	)		2,273,392		2,304,209		(30,817	)
Benefits, losses and expenses
Policyholder benefits		127,633			118,681		8,952			437,877		365,051		72,826
Claims incurred		213,606			217,213		(3,607	)		673,509		687,420		(13,911	)
Interest credited to policyholders’ account balances		83,746			98,862		(15,116	)		258,952		309,738		(50,786	)
Commissions for acquiring and servicing policies		97,608			94,504		3,104			299,992		273,360		26,632
Other operating expenses		118,002			128,115		(10,113	)		357,043		381,850		(24,807	)
Change in deferred policy acquisition costs (1)		10,800			7,265		3,535			10,854		19,568		(8,714	)
Total benefits and expenses		651,395			664,640		(13,245	)		2,038,227		2,036,987		1,240
Income (loss) before other items and federal income taxes	$	94,775		$	120,864	$	(26,089	)	$	235,165	$	267,222	$	(32,057	)

(1) A negative amount of net change indicates more expense was deferred than amortized and represents a decrease to expenses in the period indicated, a positive net change indicates less expense was deferred than amortized and represents an increase to expenses in the period indicated.

Earnings (income before other items and taxes) decreased for the quarter and nine months ended September 30, 2014 compared to the same periods in 2013, primarily a result of lower realized investment gains (losses) net. Earnings excluding realized investment gains (losses) increased for the quarter and nine months ended September 30, 2014 compared to 2013.

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Life

Life segment financial results for the periods indicated were as follows (in thousands):

	Three months ended September 30,								Nine months ended September 30,
	2014		2013			Change			2014			2013			Change
Premiums and other revenues
Premiums	$	79,492	$	75,278		$	4,214		$	224,165		$	215,479		$	8,686
Other policy revenues		51,751		49,158			2,593			155,355			142,034			13,321
Net investment income		57,598		57,008			590			172,633			173,195			(562	)
Other income		338		708			(370	)		1,027			2,093			(1,066	)
Total premiums and other revenues		189,179		182,152			7,027			553,180			532,801			20,379
Benefits, losses and expenses
Policyholder benefits		83,740		83,821			(81	)		257,505			246,896			10,609
Interest credited to policyholders’ account balances		16,649		13,653			2,996			48,265			40,750			7,515
Commissions for acquiring and servicing policies		30,239		30,341			(102	)		91,971			86,491			5,480
Other operating expenses		47,622		52,042			(4,420	)		149,136			156,269			(7,133	)
Change in deferred policy acquisition costs (1)		135		(6,710	)		6,845			(15,773	)		(21,025	)		5,252
Total benefits and expenses		178,385		173,147			5,238			531,104			509,381			21,723
Income before other items and federal income taxes	$	10,794	$	9,005		$	1,789		$	22,076		$	23,420		$	(1,344	)

(1) A negative amount of net change indicates more expense was deferred than amortized and represents a decrease to expenses in the period indicated, a positive net change indicates less expense was deferred than amortized and represents an increase to expenses in the period indicated.

Earnings increased during the quarter ended September 30, 2014 compared to 2013 due to a decrease in operating expenses. Earnings decreased during the nine months ended September 30, 2014 compared to 2013 primarily due to an increase in policyholder benefits, a result of higher than expected claims in the first quarter of 2014.

Premiums and other policy revenues

Premiums increased during the three and nine months ended September 30, 2014 compared to 2013. The increases were primarily driven by the continued growth of the in-force block of business of term products.

Other policy revenues include mortality charges, earned policy service fees and surrender charges on interest-sensitive life insurance policies. An increase in interest-sensitive life policies contributed to the increases in these charges during the three and nine months ended September 30, 2014 compared to 2013.

Life insurance sales

The following table presents life insurance sales as measured by annualized premium, a non-GAAP measure used by the insurance industry, which allows a comparison of new policies written by an insurance company during the period (in thousands):

	Three months ended September 30,							Nine months ended September 30,
	2014		2013		Change			2014		2013		Change
Whole life	$	5,656	$	5,643	$	13		$	19,387	$	19,044	$	343
Term life		6,890		7,756		(866	)		22,049		24,436		(2,387	)
Universal life		8,427		8,920		(493	)		26,409		26,759		(350	)
Total recurring	$	20,973	$	22,319	$	(1,346	)	$	67,845	$	70,239	$	(2,394	)
Single and excess (1)	$	505	$	584	$	(79	)	$	1,466	$	1,676	$	(210	)
Credit life (1)		1,046		1,107		(61	)		2,978		3,108		(130	)

⁽¹⁾ These are weighted amounts representing 10% of single and excess premiums and 15% of credit life premuims.

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Life insurance sales are based on the total yearly premium that insurance companies would expect to receive if all recurring premium policies would remain in force, plus 10% of single and excess premiums and 15% of credit life premium. Life insurance sales measure activity associated with gaining new insurance business in the current period whereas GAAP premium revenues are associated with policies sold in current and prior periods; therefore, a reconciliation of premium revenues and insurance sales is not meaningful.

Life insurance sales decreased during the three and nine months ended September 30, 2014 compared to 2013 driven primarily by a decline in term life sales. Marketing activities at financial institutions with whom the Company markets life insurance have been curtailed at the financial institutions to ensure compliance with Consumer Financial Protection Bureau views on appropriate marketing practices.

Benefits, losses and expenses

Policyholder benefits increased during the nine months ended September 30, 2014 compared to 2013 primarily due to higher than expected claims in the first quarter of 2014.

The increase in commissions during the nine months ended September 30, 2014 compared to 2013 is primarily due to an increase in first year premiums on term and equity-indexed universal life products.

Other operating expenses decreased during the three and nine months ended September 30, 2014 compared to 2013.

The following table presents the components of the change in DAC (in thousands), which increased expenses due to a decrease in acquisition cost capitalized.

	Three months ended September 30,									Nine months ended September 30,
	2014			2013			Change			2014			2013			Change
Acquisition cost capitalized	$	26,271		$	30,999		$	(4,728	)	$	77,261		$	80,226		$	(2,965	)
Amortization of DAC		(26,406	)		(24,289	)		(2,117	)		(61,488	)		(59,201	)		(2,287	)
Net change in DAC (1)	$	(135	)	$	6,710		$	(6,845	)	$	15,773		$	21,025		$	(5,252	)

(1) A positive amount of net change indicates more expense was deferred than amortized and represents a decrease to expenses in the period indicated, a negative net change indicates less expense was deferred than amortized and represents an increase to expenses in the period indicated.

Policy in-force information

The following table summarizes changes in the life insurance in-force amounts (in thousands) and number of policies in-force:

	September 30, 2014		December 31, 2013		Change
Life insurance in-force
Traditional life	$	58,249,120	$	54,788,898	$	3,460,222
Interest-sensitive life		25,803,248		25,281,391		521,857
Total life insurance in-force	$	84,052,368	$	80,070,289	$	3,982,079
Number of policies in-force
Traditional life		1,961,707		2,002,602		(40,895	)
Interest-sensitive life		202,748		196,949		5,799
Total number of policies		2,164,455		2,199,551		(35,096	)

Total life insurance in-force increased during 2014 compared to 2013, while the total number of policies decreased reflecting the transition to fewer but larger face amount policies.

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Annuity

Annuity segment financial results for the periods indicated were as follows (in thousands):

	Three months ended September 30,								Nine months ended September 30,
	2014			2013		Change			2014			2013		Change
Premiums and other revenues
Premiums	$	34,661		$	23,412	$	11,249		$	148,250		$	89,733	$	58,517
Other policy revenues		3,504			3,817		(313	)		11,686			10,876		810
Net investment income		128,890			148,322		(19,432	)		404,347			463,530		(59,183	)
Other income		(1	)		96		(97	)		(1	)		241		(242	)
Total premiums and other revenues		167,054			175,647		(8,593	)		564,282			564,380		(98	)
Benefits, losses and expenses
Policyholder benefits		43,893			34,860		9,033			180,372			118,155		62,217
Interest credited to policyholders’ account balances		67,097			85,208		(18,111	)		210,687			268,987		(58,300	)
Commissions for acquiring and servicing policies		10,787			10,303		484			37,358			31,890		5,468
Other operating expenses		12,465			16,242		(3,777	)		43,394			48,053		(4,659	)
Change in deferred policy acquisition costs (1)		8,446			10,403		(1,957	)		22,056			27,662		(5,606	)
Total benefits and expenses		142,688			157,016		(14,328	)		493,867			494,747		(880	)
Income before other items and federal income taxes	$	24,366		$	18,631	$	5,735		$	70,415		$	69,633	$	782

(1) A negative amount of net change indicates more expense was deferred than amortized and represents a decrease to expenses in the period indicated, a positive net change indicates less expense was deferred than amortized and represents an increase to expenses in the period indicated.

Earnings increased during the three and nine months ended September 30, 2014 compared to 2013, primarily due to lower operating expenses.

Premiums and other policy revenues

Annuity premium and deposit amounts received are shown below (in thousands):

	Three months ended September 30,							Nine months ended September 30,
	2014		2013		Change			2014		2013		Change
Fixed deferred annuity	$	67,414	$	53,250	$	14,164		$	261,123	$	186,765	$	74,358
Single premium immediate annuity		40,996		32,245		8,751			171,244		127,146		44,098
Equity-indexed deferred annuity		67,524		47,405		20,119			185,602		126,898		58,704
Variable deferred annuity		24,514		30,485		(5,971	)		84,960		94,553		(9,593	)
Total premium and deposits		200,448		163,385		37,063			702,929		535,362		167,567
Less: Policy deposits		165,787		139,973		25,814			554,679		445,629		109,050
Total earned premiums	$	34,661	$	23,412	$	11,249		$	148,250	$	89,733	$	58,517

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We monitor account values and changes in those values as key indicators of performance in our Annuity segment. Changes in account values are mainly the result of net inflows, surrenders, policy fees, interest credited and market value changes (shown below in thousands):

	Nine months ended September 30,
	2014			2013
Fixed deferred and equity-indexed annuity
Account value, beginning of period	$	9,355,946		$	9,803,197
Net inflows		322,605			183,832
Surrenders		(875,968	)		(842,436	)
Fees		(7,174	)		(6,795	)
Interest credited		203,460			262,472
Account value, end of period	$	8,998,869		$	9,400,270
Single premium immediate annuity
Reserve, beginning of period	$	1,199,276		$	1,075,638
Net inflows		75,450			36,436
Interest and mortality		35,374			32,726
Reserve, end of period	$	1,310,100		$	1,144,800
Variable deferred annuity
Account value, beginning of period	$	489,305		$	417,645
Net inflows		83,843			91,664
Surrenders		(95,054	)		(84,866	)
Fees		(4,308	)		(3,945	)
Change in market value and other		19,854			52,440
Account value, end of period	$	493,640		$	472,938

Deferred and single premium immediate annuity sales increased compared to last year, which resulted in the increase in fund inflows to these products. The Company has increased its focus on the annuity channel, expanding distribution through the introduction of additional marketing programs and the development of new accounts. The Company also introduced a new indexed annuity.

Variable deferred annuities have no guaranteed minimum withdrawal benefits. Our total direct exposure on the guaranteed minimum death benefits associated with these products was $1.3 million and $1.6 million as of September 30, 2014 and 2013, respectively. After reinsurance, which is with reinsurers rated “A” or higher by A.M. Best, the net exposure was $0.2 million and $0.3 million, as of September 30, 2014 and 2013, respectively.

Benefits, losses and expenses

Policyholder benefits are highly correlated to the sales volume of Single Premium Immediate Annuity (“SPIA”) contracts and increased for 2014 compared to 2013.

These benefits consist of annuity payments and reserve increases for annuity contracts. Commissions increased for the three and nine months ended September 30, 2014 compared to 2013 primarily as a result of increased annuity sales.

Other operating expenses decreased during the three and nine months ended September 30, 2014 compared to 2013.

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The change in DAC represents acquisition costs capitalized less the amortization of existing DAC, which is calculated in proportion to expected gross profits. The following table shows the components of the change in DAC (in thousands):

	Three months ended September 30,									Nine months ended September 30,
	2014			2013			Change			2014			2013			Change
Acquisition cost capitalized	$	12,219		$	13,315		$	(1,096	)	$	36,413		$	36,370		$	43
Amortization of DAC		(20,665	)		(23,718	)		3,053			(58,469	)		(64,032	)		5,563
Net change in DAC (1)	$	(8,446	)	$	(10,403	)	$	1,957		$	(22,056	)	$	(27,662	)	$	5,606

(1) A positive amount of net change indicates more expense was deferred than amortized and represents a decrease to expenses in the period indicated, a negative net change indicates less expense was deferred than amortized and represents an increase to expenses in the period indicated.

The amortization of DAC as a percentage of gross profits is an important ratio for the Annuity segment. Changes in this ratio reflect the impact of items such as surrenders which impact the DAC amortization relative to gross margins. The ratios for the three months ended September 30, 2014 and 2013 were 36.9% and 42.7%, respectively. The ratios for the nine months ended September 30, 2014 and 2013 were 33.8% and 36.1%, respectively.

Options and Derivatives

Shown below is the incremental impact of the option return to net investment income, and the impact of the equity-indexed annuity embedded derivatives to interest credited to policyholders’ account balances (in thousands):

	Three months ended September 30,							Nine months ended September 30,
	2014		2013		Change			2014		2013		Change
Net investment income
Without option return	$	122,684	$	135,304	$	(12,620	)	$	376,841	$	416,132	$	(39,291	)
Option return		6,206		13,018		(6,812	)		27,506		47,398		(19,892	)
Interest credited to policy account balances
Without embedded derivatives		65,333		74,261		(8,928	)		194,877		229,681		(34,804	)
Equity-indexed annuity embedded derivatives		1,764		10,947		(9,183	)		15,810		39,306		(23,496	)

Net investment income without option return decreased for the three and nine months ended September 30, 2014 compared to 2013 primarily due to lower portfolio yield and aggregate account values. Fixed interest credited to policyholders’ account balances without embedded derivatives decreased during the three and nine months ended September 30, 2014 compared to 2013 due to these same two factors.

The returns from options and the related equity-indexed embedded derivative return, decreased during the three and nine months ended September 30, 2014 compared to the same period in 2013, due to the relative change in the S&P 500 Index during the respective periods. These option returns correlate to the 0.6% and 4.7% change in the S&P 500 Index during the quarters ended September 30, 2014 and 2013, respectively. For the nine months ended September 30, 2014 and 2013 the decrease correlates to the 6.7% and 17.9% return in the S&P 500, respectively.

39

Health

Health segment results for the periods indicated were as follows (in thousands):

	Three months ended September 30,								Nine months ended September 30,
	2014			2013		Change			2014			2013		Change
Premiums and other revenues
Premiums	$	53,454		$	52,839	$	615		$	164,169		$	159,100	$	5,069
Net investment income		2,971			2,941		30			8,806			8,645		161
Other income		5,075			4,439		636			15,330			13,255		2,075
Total premiums and other revenues		61,500			60,219		1,281			188,305			181,000		7,305
Benefits, losses and expenses
Claims incurred		33,193			34,404		(1,211	)		109,859			106,378		3,481
Commissions for acquiring and servicing policies		9,688			7,316		2,372			27,031			20,568		6,463
Other operating expenses		10,009			11,222		(1,213	)		32,701			35,810		(3,109	)
Change in deferred policy acquisition costs (1)		(694	)		107		(801	)		(865	)		2,080		(2,945	)
Total benefits and expenses		52,196			53,049		(853	)		168,726			164,836		3,890
Income before other items and federal income taxes	$	9,304		$	7,170	$	2,134		$	19,579		$	16,164	$	3,415

(1) A negative amount of net change indicates more expense was deferred than amortized and represents a decrease to expenses in the period indicated, a positive net change indicates less expense was deferred than amortized and represents an increase to expenses in the period indicated.

Earnings increased during the three months ended September 30, 2014 versus 2013 due to a decrease in claims and operating expenses. Earnings increased during the nine months ended September 30, 2014 compared to 2013, primarily due to lower operating expenses and an increase in other income primarily from continued growth in the MGU business block.

Premiums and other revenues

Health earned premiums for the periods indicated are as follows (in thousands, except percentages):

	Three months ended September 30,										Nine months ended September 30,
	2014					2013					2014					2013
	Amount		Percentage			Amount		Percentage			Amount		Percentage			Amount		Percentage
Medicare Supplement	$	21,060		39.4	%	$	22,591		42.8	%	$	64,413		39.2	%	$	68,509		43.1	%
Medical expense		4,985		9.3			7,463		14.1			16,750		10.2			23,168		14.6
Group health		7,051		13.2			9,291		17.6			25,811		15.7			27,556		17.3
Credit accident and health		3,738		7.0			3,721		7.0			11,049		6.7			11,438		7.2
MGU		6,301		11.8			4,822		9.1			18,183		11.1			14,750		9.3
Supplemental insurance		8,785		16.4			3,409		6.5			23,110		14.1			8,571		5.4
All other		1,534		2.9			1,542		2.9			4,853		3.0			5,108		3.1
Total	$	53,454		100.0	%	$	52,839		100.0	%	$	164,169		100.0	%	$	159,100		100.0	%

Premiums increased during the three and nine months ended September 30, 2014 compared to 2013, primarily from the sales of individual limited benefit supplemental insurance products as well as growth in the MGU business. Medicare Supplement premiums declined due to policy lapses outpacing new sales which have a lower average premium per policy.

40

Our in-force certificates or policies as of the dates indicated are as follows:

	September 30, 2014					December 31, 2013
	Number of Policies		Percentage of Total Policies			Number of Policies		Percentage of Total Policies
Medicare Supplement		38,120		5.7	%		40,064		6.4	%
Medical expense		3,551		0.5			4,633		0.7
Group		16,306		2.4			19,679		3.1
Credit accident and health		229,441		34.2			235,014		37.5
MGU		270,416		40.3			221,811		35.3
Supplemental insurance		70,694		10.5			61,342		9.8
All other		42,341		6.4			45,369		7.2
Total		670,869		100.0	%		627,912		100.0	%

Total in-force policies increased during the nine months ended September 30, 2014 compared to 2013 primarily due to increases in the MGU and supplemental insurance lines. The MGU line increased as a result of our continued expansion in the MGU market as employers are using the stop loss market to manage the cost of providing health insurance for employees. The supplemental insurance line continues to increase with the demand for individual limited benefit products.

Benefits, losses and expenses

Claims incurred decreased during the quarter ended September 30, 2014 compared to 2013 primarily as a result of the continued decline in the closed medical expense block and a decrease in group claim submissions.

Claims incurred increased during the nine months ended September 30, 2014 compared to 2013 primarily due to a judicial determination that the Company could not rescind a reinsurance agreement in dispute. Although the Company is appealing the determination, it has accrued for claims the reinsurer has asserted are due under the agreement.

Other operating expenses decreased during the three and nine months ended September 30, 2014 compared to 2013.

Change in Deferred Policy Acquisition Costs

The following table presents the components of the change in DAC (in thousands):

	Three months ended September 30,									Nine months ended September 30,
	2014			2013			Change			2014			2013			Change
Acquisition cost capitalized	$	5,486		$	4,017		$	1,469		$	14,949		$	9,457		$	5,492
Amortization of DAC		(4,792	)		(4,124	)		(668	)		(14,084	)		(11,537	)		(2,547	)
Net change in DAC (1)	$	694		$	(107	)	$	801		$	865		$	(2,080	)	$	2,945

(1) A positive amount of net change indicates more expense was deferred than amortized and represents a decrease to expenses in the period indicated, a negative net change indicates less expense was deferred than amortized and represents an increase to expenses in the period indicated.

The net change in DAC increased for the three and nine months ended September 30, 2014 compared to 2013, primarily due to higher commissions from increased sales of individual limited benefit supplemental insurance products.

41

Property and Casualty

Property and Casualty results for the periods indicated were as follows (in thousands, except percentages):

	Three months ended September 30,									Nine months ended September 30,
	2014			2013			Change			2014			2013			Change
Net premiums written	$	282,058		$	272,524		$	9,534		$	854,593		$	823,284		$	31,309
Premiums and other revenues
Net premiums earned	$	279,429		$	271,270		$	8,159		$	820,953		$	801,106		$	19,847
Net investment income		14,523			17,081			(2,558	)		44,452			50,199			(5,747	)
Other income		905			2,177			(1,272	)		3,550			4,827			(1,277	)
Total premiums and other revenues		294,857			290,528			4,329			868,955			856,132			12,823
Benefits, losses and expenses
Claims incurred		180,413			182,809			(2,396	)		563,650			581,042			(17,392	)
Commissions for acquiring and servicing policies		46,894			46,533			361			143,632			134,190			9,442
Other operating expenses		34,549			33,087			1,462			96,447			96,851			(404	)
Change in deferred policy acquisition costs (1)		2,913			3,465			(552	)		5,436			10,851			(5,415	)
Total benefits and expenses		264,769			265,894			(1,125	)		809,165			822,934			(13,769	)
Income (loss) before other items and federal income taxes	$	30,088		$	24,634		$	5,454		$	59,790		$	33,198		$	26,592
Loss ratio		64.6	%		67.4	%		(2.8	)		68.7	%		72.5	%		(3.8	)
Underwriting expense ratio		30.2			30.6			(0.4	)		29.9			30.2			(0.3	)
Combined ratio		94.8	%		98.0	%		(3.2	)		98.6	%		102.7	%		(4.1	)
Impact of catastrophe events on combined ratio		5.3			4.1			1.2			7.1			9.6			(2.5	)
Combined ratio without impact of catastrophe events		89.5	%		93.9	%		(4.4	)		91.5	%		93.1	%		(1.6	)
Gross catastrophe losses	$	14,487		$	10,871		$	3,616		$	55,592		$	84,744		$	(29,152	)
Net catastrophe losses		14,652			11,613			3,039			56,795			76,555			(19,760	)

(1) A negative amount of net change indicates more expense was deferred than amortized and represents a decrease to expenses in the period indicated, a positive net change indicates less expense was deferred than amortized and represents an increase to expenses in the period indicated.

Property and Casualty results for the quarter improved compared to 2013 due to an improved rate adequacy and underwriting improvements which were partially offset by increases in catastrophe claims and commissions. Results improved during the nine months ended September 30, 2014 compared to 2013, primarily as a result of decreases in catastrophe losses and improved rate adequacy.

Benefits, losses and expenses

Claims incurred decreased during the three months ended September 30, 2014 compared to 2013, as a result of lower non-catastrophe losses. Claims incurred decreased during the nine months ended September 30, 2014 compared to 2013, as a result of fewer catastrophe losses. The decrease year-to-date is due primarily to the decreases in the severity of catastrophes in 2014 compared to 2013.

Commissions increased for the three and nine months ended September 30, 2014 compared to 2013, primarily due to an increase in premium as well as an increase in certain variable commissions driven by the improvement in the loss ratio.

42

Products

Our Property and Casualty segment consists of: (i) Personal products, which we market primarily to individuals, representing 62.2% of net premiums written, (ii) Commercial products, which focus primarily on agricultural and other commercial markets, representing 29.6% of net premiums written, and (iii) Credit-related property insurance products, which are marketed to and through financial institutions and retailers, representing 8.2% of net premiums written.

Personal Products

Personal Products results for the periods indicated were as follows (in thousands, except percentages):

	Three months ended September 30,									Nine months ended September 30,
	2014			2013			Change			2014			2013			Change
Net premiums written
Auto	$	102,678		$	102,643		$	35		$	304,776		$	306,640		$	(1,864	)
Homeowner		63,073			60,515			2,558			172,294			164,661			7,633
Other Personal		9,718			9,556			162			28,998			28,712			286
Total net premiums written	$	175,469		$	172,714		$	2,755		$	506,068		$	500,013		$	6,055
Net premiums earned
Auto	$	99,957		$	101,478		$	(1,521	)	$	298,612		$	302,711		$	(4,099	)
Homeowner		56,720			53,351			3,369			164,799			154,752			10,047
Other Personal		9,303			9,234			69			27,055			27,106			(51	)
Total net premiums earned	$	165,980		$	164,063		$	1,917		$	490,466		$	484,569		$	5,897
Loss ratio
Auto		79.4	%		75.9	%		3.5			76.1	%		77.7	%		(1.6	)
Homeowner		55.3			80.0			(24.7	)		73.3			96.8			(23.5	)
Other Personal		69.3			57.0			12.3			42.3			53.7			(11.4	)
Personal line loss ratio		70.6	%		76.2	%		(5.6	)		73.3	%		82.5	%		(9.2	)
Combined Ratio
Auto		103.8	%		99.4	%		4.4			99.1	%		100.6	%		(1.5	)
Homeowner		81.6			105.7			(24.1	)		98.5			121.8			(23.3	)
Other Personal		92.3			79.6			12.7			61.7			76.3			(14.6	)
Personal line combined ratio		95.5	%		100.3	%		(4.8	)		96.8	%		106.0	%		(9.2	)

Personal Automobile: Net premiums written and earned decreased in our personal automobile line during the nine months ended September 30, 2014 compared to 2013, primarily due to a decline in policies in-force. The loss and combined ratios improved year-to-date during 2014 compared to 2013 due to a decline in catastrophe losses.

Homeowners: Net premiums written and earned increased during the three and nine months ended September 30, 2014 compared to 2013 primarily due to increasing premium rates over the time period. The loss and combined ratios improved for the three and nine months ended September 30, 2014 compared to 2013 due to a decrease in weather-related losses and improved rate adequacy.

Other Personal: These products include watercraft, rental-owner and umbrella coverages for individuals seeking to protect their personal property and liability not covered within their homeowner and auto policies. Low volume and volatility with these lines can lead to some quarterly fluctuations. The loss and combined ratios decreased during the nine months ended September 30, 2014 compared to 2013, in line with trends on the larger personal lines.

43

Commercial Products

Commercial Products results for the periods indicated were as follows (in thousands, except percentages):

	Three months ended September 30,									Nine months ended September 30,
	2014			2013			Change			2014			2013			Change
Net premiums written
Other Commercial	$	33,072		$	31,116		$	1,956		$	117,594		$	109,437		$	8,157
Agricultural Business		31,515			27,976			3,539			94,311			83,655			10,656
Commercial Automobile		18,952			17,471			1,481			69,103			64,635			4,468
Total net premiums written	$	83,539		$	76,563		$	6,976		$	281,008		$	257,727		$	23,281
Net premiums earned
Other Commercial	$	37,820		$	32,826		$	4,994		$	106,026		$	95,058		$	10,968
Agricultural Business		28,545			28,073			472			87,408			81,759			5,649
Commercial Automobile		22,595			19,698			2,897			61,377			58,243			3,134
Total net premiums earned	$	88,960		$	80,597		$	8,363		$	254,811		$	235,060		$	19,751
Loss ratio
Other Commercial		60.3	%		42.1	%		18.2			79.6	%		58.3	%		21.3
Agricultural Business		61.7			78.0			(16.3	)		62.2			78.8			(16.6	)
Commercial Automobile		66.2			81.5			(15.3	)		69.1			74.9			(5.8	)
Commercial line loss ratio		62.2	%		64.2	%		(2.0	)		71.1	%		69.5	%		1.6
Combined ratio
Other Commercial		86.2	%		69.6	%		16.6			107.2	%		86.8	%		20.4
Agricultural Business		101.7			115.5			(13.8	)		99.6			115.7			(16.1	)
Commercial Automobile		87.6			103.7			(16.1	)		93.1			98.7			(5.6	)
Commercial line combined ratio		91.5	%		93.9	%		(2.4	)		101.2	%		99.8	%		1.4

Other Commercial: Net premiums written and earned increased during the three and nine months ended September 30, 2014 compared to 2013, primarily attributable to increased sales in the workers’ compensation and business owners’ lines. The loss and combined ratios for the three and nine months ended September 30, 2014 increased due to larger than anticipated reserve increases on workers’ compensation claims.

Agricultural Business: Our agricultural business product allows policyholders to customize and cover their agriculture exposure using a package policy which includes coverage for residences and household contents, farm buildings and building contents, personal and commercial liability and personal property. Net premiums written and earned increased during the three and nine months ended September 30, 2014 compared to 2013, primarily as a result of rate increases and a decrease in ceded premiums. The loss and combined ratio improved for the three and nine months ended September 30, 2014 primarily due to a reduction in overall claim frequency, as well as a combination of rate and underwriting actions.

Commercial Automobile: Net premiums written and earned increased primarily due to rate increases over the three and nine months ended September 30, 2014 compared to 2013. The loss and combined ratio improved for the three and nine months ended September 30, 2014 primarily due to a reduction in overall claim frequency.

44

Credit Products

Credit-related property products for the periods indicated were as follows (in thousands, except percentages):

	Three months ended September 30,							Nine months ended September 30,
	2014		2013		Change			2014		2013		Change
Net premiums written	$	23,050	$	23,247	$	(197	)	$	67,518	$	65,544	$	1,974
Net premiums earned		24,489		26,610		(2,121	)		75,676		81,477		(5,801	)
Loss ratio		32.2		22.9		9.3			30.2		22.2		8.0
Combined ratio		101.6		100.0		1.6			102.2		97.2		5.0

Credit-related property products are offered on automobiles, furniture and appliances in connection with the financing of those items. These policies pay an amount if the insured property is lost or damaged and the amount paid is not directly related to an event affecting the consumer’s ability to pay the debt.

Net premiums written increased for the nine months ended September 30, 2014 compared to 2013 primarily due to an increase in our Guaranteed Auto Protection business. Net premiums earned decreased as premiums shifted from Guaranteed Auto Protection Insurance to Guaranteed Auto Protection Waiver, a lower premium debt protection product.

The loss and combined ratios increased during the three and nine months ended 2014 compared to 2013 primarily due to an increase in claims in our collateral protection business.

Corporate and Other

Corporate and Other segment financial results for the periods indicated were as follows (in thousands):

	Three months ended September 30,								Nine months ended September 30,
	2014			2013		Change			2014		2013		Change
Premiums and other revenues
Net investment income	$	32,507		$	28,984	$	3,523		$	67,366	$	56,919	$	10,447
Realized investments gains, net		(2,257	)		43,483		(45,740	)		24,503		103,970		(79,467	)
Other Income		3,330			4,491		(1,161	)		6,801		9,007		(2,206	)
Total premiums and other revenues		33,580			76,958		(43,378	)		98,670		169,896		(71,226	)
Benefits, losses and expenses
Commissions		—			11		(11	)		—		221		(221	)
Other operating expenses		13,357			15,523		(2,166	)		35,365		44,868		(9,503	)
Total benefits, losses and expenses		13,357			15,534		(2,177	)		35,365		45,089		(9,724	)
Income before other items and federal income taxes	$	20,223		$	61,424	$	(41,201	)	$	63,305	$	124,807	$	(61,502	)

Earnings decreased during the three months ended September 30, 2014 compared to 2013 primarily due to lower realized investment gains. The decrease in realized gains is attributable to lower gains in equity securities and less real estate sale activity.

The Corporate and Other business segment recorded other-than-temporary impairments of $3,045,000 and $3,503,000 in the nine months ended September 30, 2014 and 2013, respectively, which are included in “Realized investment gains, net.”

45

Investments

We manage our investment portfolio to optimize the rate of return commensurate with sound and prudent asset selection and to maintain a well-diversified portfolio. Our investment operations are regulated primarily by the state insurance departments where we or our insurance subsidiaries are domiciled. Investment activities, including setting investment policies and defining acceptable risk levels, are subject to review and approval by our Board of Directors, which is assisted by our Finance Committee and Management Risk Committee.

Our insurance and annuity products are primarily supported by investment-grade bonds and, to a lesser extent collateralized mortgage obligations and commercial mortgage loans. We purchase fixed maturity securities and designate them as either held-to-maturity or available-for-sale considering our estimated future cash flow needs. We also monitor the composition of our fixed maturity securities classified as held-to-maturity and available-for-sale and adjust the mix within the portfolio as investments mature or new investments are purchased.

We invest in commercial mortgage loans when the yield and credit risk compare favorably with fixed maturity securities. Individual residential mortgage loans including sub-prime or Alt A mortgage loans have not been and are not expected to be part of our investment portfolio. We invest in real estate and equity securities based on a risk and reward analysis where we believe there are opportunities for enhanced returns.

The following summarizes the carrying values of our invested assets (other than investments in unconsolidated affiliates) by asset class (in thousands, except percentages):

	September 30, 2014					December 31, 2013
	Amount		Percent			Amount		Percent
Bonds held-to-maturity, at amortized cost	$	8,364,731		42.9	%	$	8,491,347		43.8	%
Bonds available-for-sale, at fair value		4,926,218		25.2			4,599,673		23.7
Equity securities, at fair value		1,494,471		7.7			1,410,608		7.3
Mortgage loans on real estate, net of allowance		3,318,552		17.0			3,299,242		17.0
Policy loans		404,705		2.1			397,407		2.0
Investment real estate, net of accumulated depreciation		458,116		2.3			507,142		2.6
Short-term investments		346,343		1.8			495,386		2.6
Other invested assets		202,131		1.0			201,442		1.0
Total investments	$	19,515,267		100.0	%	$	19,402,247		100.0	%

The increase in our total investments at September 30, 2014 as compared to December 31, 2013 was primarily a result of an increase in bonds and the market value of equity securities, partially offset by decreases in short term investments.

Each component of our invested assets and their related revenues are described further in the Notes to the Unaudited Consolidated Financial Statements. Additionally, Note 2, Summary of Significant Accounting Policies and Practices, of the Notes to the Consolidated Financial Statements within our Annual Report on Form 10-K for the year ended December 31, 2013 filed with the SEC on February 28, 2014 contains a detailed description of the Company’s methodology for evaluating other-than-temporary impairment losses on its investments.

Bonds: We allocate most of our fixed maturity securities to support our insurance business. As of September 30, 2014, our fixed maturity securities had an estimated fair value of $13.8 billion, which was $0.7 billion, or 5.3%, above amortized cost. At December 31, 2013, our fixed maturity securities had an estimated fair value of $13.4 billion, which was $0.5 billion, or 3.7%, above amortized cost. At September 30, 2014 fixed maturity securities’ estimated fair value, due in one year or less, were $1.2 billion which was unchanged compared to December 31, 2013.

46

The following table identifies the total bonds by credit quality rating, using both Standard & Poor’s and Moody’s ratings (in thousands, except percentages):

	September 30, 2014						December 31, 2013
	Amortized Cost		Estimated Fair Value		% of Fair Value		Amortized Cost		Estimated Fair Value		% of Fair Value
AAA	$	629,985	$	667,466		4.9	$	621,527	$	649,161		4.9
AA		1,636,392		1,715,944		12.5		1,472,221		1,511,517		11.3
A		5,228,300		5,511,482		40.0		5,260,435		5,466,136		40.7
BBB		5,094,673		5,367,709		39.0		5,094,589		5,272,246		39.2
BB and below		477,080		489,870		3.6		498,966		523,681		3.9
Total	$	13,066,430	$	13,752,471		100.0	$	12,947,738	$	13,422,741		100.0

We expect the exposure to below investment grade securities to decrease as these bonds approach maturity. We do not own direct investments in sovereign debt issued by Greece, Ireland, Italy, Portugal or Spain.

Mortgage Loans: We invest in commercial mortgage loans that are diversified by property-type and geography to support our insurance business. Generally, mortgage loans are secured by first liens on income-producing real estate with a loan-to-value ratio of up to 75%. Mortgage loans held-for-investment are carried at outstanding principal balances, adjusted for any unamortized premium or discount, deferred fees or expenses, and net of allowances. The weighted average coupon yield on the principal funded for mortgage loans was 5.3% and 5.2% at September 30, 2014 and December 31, 2013, respectively. It is likely that the weighted average yield on funded mortgage loans will decline as loans mature and new loans are originated with lower rates in the current interest rate environment.

Equity Securities: Our equity portfolio is in companies publicly traded on national U.S. stock exchanges; the cost and estimated fair value of the equity securities are as follows (in thousands):

	September 30, 2014
	Cost		Unrealized Gains		Unrealized Losses			Fair Value		% of Fair Value
Common stock	$	722,015	$	734,419	$	(3,791	)	$	1,452,643		97.2
Preferred stock		23,718		18,123		(13	)		41,828		2.8
Total	$	745,733	$	752,542	$	(3,804	)	$	1,494,471		100.0
	December 31, 2013
	Cost		Unrealized Gains		Unrealized Losses			Fair Value		% of Fair Value
Common stock	$	717,390	$	653,967	$	(2,362	)	$	1,368,995		97.0
Preferred stock		23,690		18,301		(378	)		41,613		3.0
Total	$	741,080	$	672,268	$	(2,740	)	$	1,410,608		100.0

Investment Real Estate: We invest in commercial real estate where positive cash flows and/or appreciation in value is expected. Real estate may be owned directly by our insurance companies or non-insurance affiliates or indirectly in joint ventures with real estate developers or investors we determine share our perspective regarding risk and return relationships. The carrying value of real estate is stated at cost, less accumulated depreciation and prior impairments, if any. Depreciation is provided over the estimated useful lives of the properties.

Short-Term Investments: Short-term investments are primarily commercial paper rated A2/P2 or better by Standard & Poor’s and Moody’s, respectively. The amount fluctuates depending on the available long-term investment opportunities and our liquidity needs, including mortgage investment-funding commitments.

Policy Loans: For certain life insurance products, policyholders may borrow funds using the policy’s cash value as collateral. The maximum amount of the policy loan depends upon the policy’s surrender value and the number of years since policy origination. As of September 30, 2014, we had $404.7 million in policy loans with a loan to surrender value of 56.7%, and at December 31, 2013, we had $397.4 million in policy loans with a loan to surrender value of 67.9%. Interest rates on policy loans primarily range from 3.0% to 12.0% per annum. Policy loans may be repaid at any time by the policyholder and have priority to any claims on the policy. If the policyholder fails to repay the policy loan, funds are withdrawn from the policy’s benefits.

47

Net Investment Income and Realized Gains (Losses)

Net investment income decreased $54.9 million during the nine months ended September 30, 2014 primarily due to a decrease in income from options and bonds. Net investment income from options decreased $19.0 million during 2014 due to a smaller change in the S&P 500 index from which our option values are derived. Net investment income from bonds decreased $29.2 million during the nine months ended September 30, 2014 primarily due to bonds with lower interest yields making up a larger percentage of our portfolio as older bonds, which were purchased when interest rates were higher, matured.

Realized gains decreased $79.9 million during the nine months ended September 30, 2014 compared to 2013 primarily as a result of decrease in realized gains on sales of investment real estate. Other-than-temporary impairment on investment securities increased $0.5 million during the nine months ended September 30, 2014 compared to 2013.

Net Unrealized Gains and Losses

The net unrealized gains on available-for-sale securities at September 30, 2014 and December 31, 2013 were $974.7 million and $812.8 million, respectively. Unrealized gains or losses on available-for-sale securities are recognized as other comprehensive income or loss which has no impact on earnings. The gross unrealized gains on available-for-sale securities increased $114.0 million to $998.6 million during 2014 resulting from increases in the value of bonds and equity securities. The gross unrealized losses on available-for-sale securities decreased to $23.8 million at September 30, 2014 from $71.6 million at December 31, 2013. The gross unrealized gains on held-to-maturity securities increased $52.0 million to $503.8 million, and gross unrealized losses decreased from $120.1 million in 2013 to $42.3 million in 2014. The decrease in gross unrealized losses of available-for-sale and held-to-maturity securities during 2014 is primarily attributable to corporate debt securities and the impact changes in interest rates have on fixed income securities.

The fair value of our investment securities is affected by various factors, including volatility of financial markets, changes in interest rates and fluctuations in credit spread. We have the ability and intent to hold those securities in unrealized loss positions until a market price recovery or maturity. Further, it is unlikely that we will be required to sell them prior to recovery, and recovery is expected in a reasonable period of time.

Liquidity

Our liquidity requirements have been and are expected to continue to be met by funds from operations, comprised of premiums received from our customers and investment income. The primary use of cash has been and is expected to continue to be payment of policyholder benefits and claims incurred. Current and expected patterns of claim frequency and severity may change from period to period but continue to be within historical norms. Management considers our current liquidity position to be sufficient to meet anticipated demands over the next twelve months. Our contractual obligations are not expected to have a significant negative impact to cash flow from operations.

Changes in interest rates during 2014 and market expectations for potentially higher rates through 2015 will likely lead to increases in the volume of annuity contracts, which may be partially offset by increases in surrenders. Freezing our defined benefit pension plans effective December 31, 2013, will lessen the impact of changes in interest rates on our contributions to these plans, and future contributions to our defined benefit plans may be smaller than historical contributions. A portion of the contributions will be used for employer contributions to defined contribution retirement plans, which will provide employees with the potential to accumulate assets for retirement. There are no other known trends or uncertainties regarding product pricing, changes in product lines or rising costs, which would have a significant impact to cash flows from operations. No unusually large capital expenditures are expected in the next 12-24 months. Additionally, we have paid dividends to stockholders for over 100 consecutive years and expect to continue this trend.

To ensure we will be able to continue to pay future commitments, the funds received as premium payments and deposits are invested in bonds and commercial mortgages. Funds are invested with the intent that income from the investments and proceeds from the maturities will meet our ongoing cash flow needs. We historically have not had to liquidate invested assets in order to cover cash flow needs. We believe our portfolio of highly liquid available-for-sale investment securities, including equity securities, is sufficient to meet future liquidity needs as necessary.

48

Our cash and cash equivalents and short-term investment position was $482.5 million at September 30, 2014 compared to $613.3 million at December 31, 2013. The decrease relates primarily to a reduction in short-term investments.

A downgrade or a potential downgrade in our financial strength ratings could result in a loss of business and could adversely affect our cash flow from operations. Further information regarding additional sources or uses of cash is described in Note 19, Commitments and Contingencies, of the Notes to the Consolidated Financial Statements.

Capital Resources

Our capital resources are summarized below (in thousands):

	September 30, 2014		December 31, 2013
American National stockholders’ equity, excluding accumulated other comprehensive income (loss), net of tax (“AOCI”)	$	3,892,484	$	3,776,862
AOCI		504,338		413,712
Total American National stockholders’ equity	$	4,396,822	$	4,190,574

We have notes payable relating to borrowings by real estate joint ventures that we consolidate into our financial statements that are not part of our capital resources. The lenders for the notes payable have no recourse against us in the event of default by the joint ventures. Therefore, the liability we have for these notes payable is limited to our investment in the respective ventures, which totaled $14.9 million at September 30, 2014 and $12.8 million at December 31, 2013, respectively.

The changes in our capital resources are summarized below (in thousands):

	Nine months ended September 30, 2014
Net income	$	178,023
Increase in net unrealized gains		89,051
Defined benefit pension plan adjustment		2,152
Dividends to shareholders		(62,113	)
Other		(865	)
Total	$	206,248

During the nine months ended September 30, 2014, our capital resources increased substantially compared to the same period in 2013 primarily due to net income and increases in unrealized gains from our equity investment portfolio partially offset by dividends to stockholders.

Statutory Capital and Surplus and Risk-based Capital

Statutory capital and surplus is the capital of our insurance companies reported in accordance with accounting practices prescribed or permitted by the applicable state insurance departments. RBC is calculated using formulas applied to certain financial balances and activities that consider, among other things, risks related to the type and quality of the invested assets, insurance risks associated with an insurer’s products and liabilities, interest rate risks and general business risks. Insurance companies that do not maintain capital and surplus at a level at least 200% of the authorized control level RBC are required to take certain regulatory actions. At September 30, 2014 and December 31, 2013, American National Insurance Company’s statutory capital and surplus was $2,842,984,000 and $2,667,858,000, respectively. Additionally, each of the insurance subsidiaries had statutory capital and surplus at September 30, 2014 and December 31, 2013, substantially above its authorized control level RBC.

49

The achievement of long-term growth will require growth in American National Insurance Company’s and our insurance subsidiaries’ statutory capital and surplus. Our subsidiaries may obtain additional statutory capital through various sources, such as retained statutory earnings or equity contributions from us. As of December 31, 2013, the levels of our and our insurance subsidiaries’ capital and surplus exceeded the minimum RBC requirements.

Contractual Obligations

Our future cash payments associated with claims and claims adjustment expenses, life, annuity and disability obligations, contractual obligations pursuant to operating leases for office space and equipment, and notes payable have not materially changed since December 31, 2013. We expect to have the capacity to pay our obligations as they come due.

Off-Balance Sheet Arrangements

We have off-balance sheet arrangements relating to third-party marketing operation bank loans as discussed in Note 16, Commitments and Contingencies, of the Notes to the unaudited Consolidated Financial Statements. We could be exposed to a liability for these loans, which are supported by the cash value of the underlying insurance contracts. The cash value of the life insurance policies is designed to always equal or exceed the balance of the loans. Accordingly, management does not foresee any loss related to these arrangements.

Related-Party Transactions

We have various agency, consulting and service arrangements with individuals and entities considered to be related parties. Each of these arrangements has been reviewed and approved by our Audit Committee, which retains final decision-making authority for these transactions. The amounts involved, both individually and in the aggregate, with these arrangements are not material to any segment or to our overall operations. For additional details see Note 17, Related Party Transactions, of the Notes to the unaudited Consolidated Financial Statements.

50

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Our market risks have not changed materially from those disclosed in our 2013 Annual Report on Form 10-K filed with the SEC on February 28, 2014.

ITEM 4. CONTROLS AND PROCEDURES

The Company maintains disclosure controls and procedures (as that term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (Exchange Act)) that are designed to ensure that information required to be disclosed in the Company’s reports under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, and that such information is accumulated and communicated to the Company’s management, including its Chief Executive Officer and Corporate Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosures.

Any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. The Company’s management, with the participation of the Company’s Chief Executive Officer and Corporate Chief Financial Officer, has evaluated the effectiveness of the design and operation of the Company’s disclosure controls and procedures as of September 30, 2014. Based upon that evaluation and subject to the foregoing, the Company’s Chief Executive Officer and Corporate Chief Financial Officer concluded that, as of September 30, 2014, the design and operation of the Company’s disclosure controls and procedures were effective to accomplish their objectives at the reasonable assurance level.

Management has monitored the internal controls over financial reporting, including any material changes to the internal control over financial reporting. There were no changes in the Company’s internal control over financial reporting (as that term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that occurred during the quarter ended September 30, 2014 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

51

PART II – OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Information required for Item 1 is incorporated by reference to the discussion under the heading “Litigation” in Note 16, Commitments and Contingencies, of the Notes to the Unaudited Consolidated Financial Statements.

ITEM 1A. RISK FACTORS

There have been no material changes with respect to the risk factors as previously disclosed in our 2013 Annual Report on Form 10-K filed with the SEC on February 28, 2014.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not Applicable.

ITEM 5. OTHER INFORMATION

None.

52

ITEM 6. EXHIBITS

Exhibit Number	Basic Documents
3.1	Restated Articles of Incorporation, as amended (incorporated by reference to Exhibit No. 3.1 to the registrant’s Registration Statement on Form 10-12B filed April 10, 2009).
3.2	Amended and Restated Bylaws (incorporated by reference to Exhibit No. 3.2 to the registrant’s Current Report on Form 8-K filed May 2, 2012).
31.1	Certification of the principal executive officer pursuant to Section 302 of the Sarbanes- Oxley Act of 2002 (filed herewith).
31.2	Certification of the principal financial officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith).
32.1	Certification of the principal executive officer and principal financial officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (filed herewith).
101	The following unaudited financial information from American National Insurance Company’s Quarterly Report on Form 10-Q for Nine months ended September 30, 2014 formatted in eXtensible Business Reporting Language (“XBRL”): (i) Consolidated Statements of Financial Position, (ii) Consolidated Statements of Operations, (iii) Consolidated Statements of Comprehensive Income (Loss), (iv) Consolidated Statements of Changes in Stockholders’ Equity, (v) Consolidated Statements of Cash Flows, and (vi) Notes to the Unaudited Consolidated Financial Statements.

SIGNATURES

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 thereunto duly authorized.

By:	/s/ Robert L. Moody
	Name: Robert L. Moody
	Title: Chairman of the Board,           Chief Executive Officer
By:	/s/ John J. Dunn, Jr.
	Name: John J. Dunn, Jr.,
	Title: Executive Vice President,           Corporate Chief Financial Officer

Date: November 07, 2014

53

EX-31.1

Exhibit 31.1

CERTIFICATION

I, Robert L. Moody, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of American National Insurance Company;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the consolidated financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of consolidated financial statements for external purposes in accordance with the generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

/s/ Robert L. Moody

Robert L. Moody,

Chairman of the Board,

Chief Executive Officer

(Principal Executive Officer)

Date: November 07, 2014

EX-31.2

Exhibit 31.2

CERTIFICATION

I, John J. Dunn, Jr., certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of American National Insurance Company;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the consolidated financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of consolidated financial statements for external purposes in accordance with the generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

/s/ John J. Dunn, Jr.

John J. Dunn, Jr.,

Executive Vice President,

Corporate Chief Financial Officer

(Principal Financial Officer)

Date: November 07, 2014

EX-32.1

Exhibit 32.1

SECTION 906 CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

OF PRINCIPAL EXECUTIVE OFFICER AND PRINCIPAL FINANCIAL OFFICER

AMERICAN NATIONAL INSURANCE COMPANY

In connection with the Quarterly Report of American National Insurance Company (the “Company”) on Form 10-Q for the quarter ended September 30, 2014, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), We, Robert L. Moody, Chief Executive Officer of the Company and John J. Dunn, Jr., Corporate Chief Financial Officer of the Company certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to our knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Robert L. Moody

Robert L. Moody

Chairman of the Board,

Chief Executive Officer

(Principal Executive Officer)

/s/ John J. Dunn, Jr.

John J. Dunn, Jr.

Executive Vice President,

Corporate Chief Financial Officer

(Principal Financial Officer)

Dated: November 07, 2014

This certification is being furnished as an exhibit to the Report pursuant to Item 601(b)(32) of Regulation S-K and Section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code) and, accordingly, will not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section. This certification will not be incorporated by reference into any filing under the Securities Act or the Exchange Act, except to the extent that the Company specifically incorporates it by reference.

XML

Nature of Operations - Additional Information (Detail)	Sep. 30, 2014 State
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of states	50

XML

Mortgage Loans - Loans Individually Evaluated for Impairment With and Without Allowance (Average Recorded Investment and Interest Income Recognized) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Financing Receivable, Impaired [Line Items]
Average Recorded Investments with an Allowance Recorded	$ 27,564	$ 23,652	$ 29,421	$ 23,727
Interest Income Recognized with an Allowance Recorded	547	393	1,663	1,192
Average Recorded Investments with No Allowance Recorded	30,494	6,432	30,889	6,439
Interest Income Recognized with No Allowance Recorded	478	110	1,424	331
Office [Member]
Financing Receivable, Impaired [Line Items]
Average Recorded Investments with an Allowance Recorded	27,564	23,159	29,421	23,234
Interest Income Recognized with an Allowance Recorded	547	393	1,663	1,192
Average Recorded Investments with No Allowance Recorded	26,941	6,432	27,019	6,439
Interest Income Recognized with No Allowance Recorded	431	110	1,298	331
Industrial [Member]
Financing Receivable, Impaired [Line Items]
Average Recorded Investments with No Allowance Recorded	2,702		2,721
Interest Income Recognized with No Allowance Recorded	36		110
Retail [Member]
Financing Receivable, Impaired [Line Items]
Average Recorded Investments with an Allowance Recorded		493		493
Average Recorded Investments with No Allowance Recorded	851		1,149
Interest Income Recognized with No Allowance Recorded	$ 11		$ 16

XML

Investments in Securities - Equity Securities by Market Sector Distribution (Detail) (Equity Securities [Member], Credit Concentration Risk [Member])	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Concentration Risk [Line Items]
Equity securities with market sector distribution	100.00%	100.00%
Consumer Goods [Member]
Concentration Risk [Line Items]
Equity securities with market sector distribution	19.20%	19.80%
Energy and Utilities [Member]
Concentration Risk [Line Items]
Equity securities with market sector distribution	14.70%	15.00%
Financials [Member]
Concentration Risk [Line Items]
Equity securities with market sector distribution	18.80%	19.30%
Healthcare [Member]
Concentration Risk [Line Items]
Equity securities with market sector distribution	13.80%	12.70%
Industrials [Member]
Concentration Risk [Line Items]
Equity securities with market sector distribution	8.40%	9.00%
Information Technology [Member]
Concentration Risk [Line Items]
Equity securities with market sector distribution	16.30%	15.70%
Other [Member]
Concentration Risk [Line Items]
Equity securities with market sector distribution	8.80%	8.50%

XML

Liability for Unpaid Claims and Claim Adjustment Expenses - Liability for Unpaid Claims and Claim Adjustment Expenses (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Liability For Unpaid Claims And Claims Adjustment Expense Net
Less reinsurance recoverables	$ 414,743
Incurred related to
Prior years	29,044,000	50,553,000
Paid claims related to
Plus reinsurance recoverables	410,525
Property and Casualty Accident and Health [Member]
Liability For Unpaid Claims And Claims Adjustment Expense Net
Unpaid claims balance, beginning	1,096,299	1,168,047
Less reinsurance recoverables	215,161	256,885
Net beginning balance	881,138	911,162
Incurred related to
Current	706,824	743,194
Prior years	(29,044)	(50,553)
Total incurred claims	677,780	692,641
Paid claims related to
Current	410,077	442,100
Prior years	252,082	266,472
Total paid claims	662,159	708,572
Net balance	896,759	895,231
Net balance	896,759	895,231
Plus reinsurance recoverables	235,485	226,822
Unpaid claims balance, ending	$ 1,132,244	$ 1,122,053

XML

Mortgage Loans - Loans Individually Evaluated for Impairment With and Without Allowance (Recorded Investment and Unpaid Principal Balance) (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Financing Receivable, Impaired [Line Items]
Recorded Investments with an Allowance Recorded	$ 26,662	$ 493
Unpaid Principal Balance with an Allowance Recorded	27,947	493
Recorded Investments with No Allowance Recorded	30,362	16,695
Unpaid Principal Balance with No Allowance Recorded	30,362	16,695
Office [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investments with an Allowance Recorded	26,662
Unpaid Principal Balance with an Allowance Recorded	27,947
Recorded Investments with No Allowance Recorded	26,941	12,377
Unpaid Principal Balance with No Allowance Recorded	26,941	12,377
Industrial [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investments with No Allowance Recorded	2,702	2,739
Unpaid Principal Balance with No Allowance Recorded	2,702	2,739
Retail [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investments with an Allowance Recorded		493
Unpaid Principal Balance with an Allowance Recorded		493
Recorded Investments with No Allowance Recorded	719	1,579
Unpaid Principal Balance with No Allowance Recorded	$ 719	$ 1,579

XML

Stockholders' Equity and Noncontrolling Interests - Stock-Based Compensation Information (Detail) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Stock Appreciation Rights [Member]
Authorized Classes Of Cumulative Preferred And Preference Stocks [Line Items]
Beginning balance, Shares			74,435
Exercised, Shares			(2,817)
Expired, Shares			(15,279)
Ending balance, Shares	56,339		56,339
Weighted-Average Grant Date Fair Value, Beginning balance			$ 114.08
Weighted-Average Grant Date Fair Value, Exercised			$ 95.58
Weighted-Average Grant Date Fair Value, Expired			$ 115.23
Weighted-Average Grant Date Fair Value, Ending balance	$ 114.69		$ 114.69
Weighted-average contractual remaining life			2 years
Weighted-average exercise price			$ 114.69
Weighted-average exercise price exercisable shares	$ 114.78		$ 114.78
Compensation expense (credits)	$ (19,000)	$ 87,000	$ (33,000)	$ 160,000
Fair value of liability award	157,000		157,000		376,000
Restricted Stock Awards [Member]
Authorized Classes Of Cumulative Preferred And Preference Stocks [Line Items]
Beginning balance, Shares			190,667
Exercised, Shares			(48,000)
Ending balance, Shares	142,667		142,667
Weighted-Average Grant Date Fair Value, Beginning balance			$ 107.54
Weighted-Average Grant Date Fair Value, Exercised			$ 108.00
Weighted-Average Grant Date Fair Value, Ending balance	$ 107.39		$ 107.39
Weighted-average contractual remaining life			4 years 1 month 6 days
Weighted-average exercise price			$ 107.39
Compensation expense (credits)	496,000	674,000	2,577,000	1,703,000
Restricted Stock Units [Member]
Authorized Classes Of Cumulative Preferred And Preference Stocks [Line Items]
Beginning balance, Shares			121,369
Granted, Shares			66,383
Exercised, Shares			(59,438)
Forfeited, Shares			(100)
Ending balance, Shares	128,214		128,214
Weighted-Average Grant Date Fair Value, Beginning balance			$ 76.23
Weighted-Average Grant Date Fair Value, Granted			$ 113.49
Weighted-Average Grant Date Fair Value, Exercised			$ 76.53
Weighted-Average Grant Date Fair Value, Forfeited			$ 113.49
Weighted-Average Grant Date Fair Value, Ending balance	$ 95.82		$ 95.82
Weighted-average contractual remaining life			2 years
Weighted-average exercise price			$ 95.82
Compensation expense (credits)	522,000	409,000	6,447,000	8,692,000
Fair value of liability award	$ 15,039,000		$ 15,039,000		$ 15,018,000

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Investments in Securities - Gross Unrealized Losses and Fair Value of Investment Securities (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Investment [Line Items]
Bonds held-to-maturity, Less than 12 months, Unrealized (Losses)	$ (7,954)	$ (106,555)
Bonds held-to-maturity, Less than 12 months, Fair Value	530,426	1,970,903
Bonds held-to-maturity, 12 months or more, Unrealized (Losses)	(34,326)	(13,521)
Bonds held-to-maturity, 12 months or more, Fair Value	833,377	123,117
Bonds held-to-maturity, Total, Unrealized (Losses)	(42,280)	(120,076)
Bonds held-to-maturity, Total, Fair Value	1,363,803	2,094,020
Available-for-sale securities, Less than 12 months, Unrealized (Losses)		(63,478)
Available-for-sale securities, Less than 12 months, Fair Value		1,279,562
Available-for-sale securities, 12 months or more, Unrealized (Losses)		(5,425)
Available-for-sale securities, 12 months or more, Fair Value		97,368
Available-for-sale securities, Total, Unrealized (Losses)		(68,903)
Available-for-sale securities, Total, Fair Value		1,376,930
Investment in securities, Less than 12 months, Unrealized (Losses)	(17,522)	(172,773)
Investment in securities, Less than 12 months, Fair Value	991,398	3,286,566
Investment in securities, More than 12 months, Unrealized (Losses)	(48,606)	(18,946)
Investment in securities, More than 12 months, Fair Value	1,265,928	220,485
Investment in securities, Total, Unrealized (Losses)	(66,128)	(191,719)
Investment in securities, Total, Fair Value	2,257,326	3,507,051
Common Stock [Member]
Investment [Line Items]
Available-for-sale securities, Less than 12 months, Unrealized (Losses)	(3,791)	(2,362)
Available-for-sale securities, Less than 12 months, Fair Value	37,132	29,978
Available-for-sale securities, 12 months or more, Unrealized (Losses)
Available-for-sale securities, 12 months or more, Fair Value
Available-for-sale securities, Total, Unrealized (Losses)	(3,791)	(2,362)
Available-for-sale securities, Total, Fair Value	37,132	29,978
Preferred Stocks [Member]
Investment [Line Items]
Available-for-sale securities, Less than 12 months, Unrealized (Losses)	(13)	(378)
Available-for-sale securities, Less than 12 months, Fair Value	1,874	6,123
Available-for-sale securities, 12 months or more, Unrealized (Losses)
Available-for-sale securities, 12 months or more, Fair Value
Available-for-sale securities, Total, Unrealized (Losses)	(13)	(378)
Available-for-sale securities, Total, Fair Value	1,874	6,123
Equity Securities [Member]
Investment [Line Items]
Available-for-sale securities, Less than 12 months, Unrealized (Losses)	(3,804)	(2,740)
Available-for-sale securities, Less than 12 months, Fair Value	39,006	36,101
Available-for-sale securities, 12 months or more, Unrealized (Losses)
Available-for-sale securities, 12 months or more, Fair Value
Available-for-sale securities, Total, Unrealized (Losses)	(3,804)	(2,740)
Available-for-sale securities, Total, Fair Value	39,006	36,101
U.S. States and Political Subdivisions [Member]
Investment [Line Items]
Bonds held-to-maturity, Less than 12 months, Unrealized (Losses)	(2)	(529)
Bonds held-to-maturity, Less than 12 months, Fair Value	588	22,430
Bonds held-to-maturity, 12 months or more, Unrealized (Losses)	(65)	0
Bonds held-to-maturity, 12 months or more, Fair Value	2,455	0
Bonds held-to-maturity, Total, Unrealized (Losses)	(67)	(529)
Bonds held-to-maturity, Total, Fair Value	3,043	22,430
Available-for-sale securities, Less than 12 months, Fair Value	476	725
Available-for-sale securities, Total, Fair Value	476	725
Corporate Debt Securities [Member]
Investment [Line Items]
Bonds held-to-maturity, Less than 12 months, Unrealized (Losses)	(7,727)	(104,308)
Bonds held-to-maturity, Less than 12 months, Fair Value	511,249	1,916,758
Bonds held-to-maturity, 12 months or more, Unrealized (Losses)	(32,565)	(12,592)
Bonds held-to-maturity, 12 months or more, Fair Value	799,719	109,603
Bonds held-to-maturity, Total, Unrealized (Losses)	(40,292)	(116,900)
Bonds held-to-maturity, Total, Fair Value	1,310,968	2,026,361
Available-for-sale securities, Less than 12 months, Unrealized (Losses)	(449)	(13,271)
Available-for-sale securities, Less than 12 months, Fair Value	37,887	168,093
Available-for-sale securities, 12 months or more, Unrealized (Losses)	(2,491)	(485)
Available-for-sale securities, 12 months or more, Fair Value	79,485	2,905
Available-for-sale securities, Total, Unrealized (Losses)	(2,940)	(13,756)
Available-for-sale securities, Total, Fair Value	117,372	170,998
Residential Mortgage-Backed Securities [Member]
Investment [Line Items]
Bonds held-to-maturity, Less than 12 months, Unrealized (Losses)	(225)	(1,718)
Bonds held-to-maturity, Less than 12 months, Fair Value	18,589	31,715
Bonds held-to-maturity, 12 months or more, Unrealized (Losses)	(1,696)	(929)
Bonds held-to-maturity, 12 months or more, Fair Value	31,203	13,514
Bonds held-to-maturity, Total, Unrealized (Losses)	(1,921)	(2,647)
Bonds held-to-maturity, Total, Fair Value	49,792	45,229
Available-for-sale securities, Less than 12 months, Unrealized (Losses)	(5,167)	(49,198)
Available-for-sale securities, Less than 12 months, Fair Value	372,578	1,083,677
Available-for-sale securities, 12 months or more, Unrealized (Losses)	(11,175)	(4,835)
Available-for-sale securities, 12 months or more, Fair Value	338,870	92,004
Available-for-sale securities, Total, Unrealized (Losses)	(16,342)	(54,033)
Available-for-sale securities, Total, Fair Value	711,448	1,175,681
Collateralized Debt Securities [Member]
Investment [Line Items]
Bonds held-to-maturity, Total, Unrealized (Losses)
Available-for-sale securities, Less than 12 months, Unrealized (Losses)	(147)	(978)
Available-for-sale securities, Less than 12 months, Fair Value	10,908	16,835
Available-for-sale securities, 12 months or more, Unrealized (Losses)	(607)	(90)
Available-for-sale securities, 12 months or more, Fair Value	13,835	1,872
Available-for-sale securities, Total, Unrealized (Losses)	(754)	(1,068)
Available-for-sale securities, Total, Fair Value	24,743	18,707
Other Debt Securities [Member]
Investment [Line Items]
Bonds held-to-maturity, Total, Unrealized (Losses)
Available-for-sale securities, Less than 12 months, Unrealized (Losses)	(1)	(3)
Available-for-sale securities, Less than 12 months, Fair Value	117	205
Available-for-sale securities, 12 months or more, Unrealized (Losses)	(7)	(15)
Available-for-sale securities, 12 months or more, Fair Value	361	587
Available-for-sale securities, Total, Unrealized (Losses)	(8)	(18)
Available-for-sale securities, Total, Fair Value	478	792
Bonds Available-for-Sale [Member]
Investment [Line Items]
Available-for-sale securities, Less than 12 months, Unrealized (Losses)		(28)
Available-for-sale securities, Less than 12 months, Fair Value		10,027
Available-for-sale securities, Total, Unrealized (Losses)		(28)
Available-for-sale securities, Total, Fair Value		10,027
U.S. Treasury and Government [Member]
Investment [Line Items]
Bonds held-to-maturity, Total, Unrealized (Losses)
Available-for-sale securities, Less than 12 months, Unrealized (Losses)	(5,764)
Available-for-sale securities, Less than 12 months, Fair Value	421,966
Available-for-sale securities, 12 months or more, Unrealized (Losses)	(14,280)
Available-for-sale securities, 12 months or more, Fair Value	432,551
Available-for-sale securities, Total, Unrealized (Losses)	(20,044)
Available-for-sale securities, Total, Fair Value	$ 854,517

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Liability for Unpaid Claims and Claim Adjustment Expenses (Tables)

9 Months Ended

Sep. 30, 2014

Insurance [Abstract]

Liability for Unpaid Claims and Claim Adjustment Expenses

Information regarding the liability for unpaid claims is shown below (in thousands):

	Nine months ended September 30,
	2014			2013
Unpaid claims balance, beginning	$	1,096,299		$	1,168,047
Less reinsurance recoverables		215,161			256,885
Net beginning balance		881,138			911,162
Incurred related to
Current		706,824			743,194
Prior years		(29,044	)		(50,553	)
Total incurred claims		677,780			692,641
Paid claims related to
Current		410,077			442,100
Prior years		252,082			266,472
Total paid claims		662,159			708,572
Net balance		896,759			895,231
Plus reinsurance recoverables		235,485			226,822
Unpaid claims balance, ending	$	1,132,244		$	1,122,053

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Stockholders' Equity and Noncontrolling Interests - Summary of Basic and Diluted Earnings Per Share (Detail) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Earnings Per Share [Abstract]
Weighted average shares outstanding	26,805,535	26,780,313	26,800,835	26,789,564
Incremental shares from RS awards and RSUs	105,972	124,780	118,579	120,453
Total shares for diluted calculations	26,911,507	26,905,093	26,919,414	26,910,017
Net income (loss) attributable to American National	$ 67,884	$ 82,613	$ 178,023	$ 200,753
Basic earnings per share	$ 2.53	$ 3.08	$ 6.64	$ 7.49
Diluted earnings per share	$ 2.52	$ 3.07	$ 6.61	$ 7.46

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Federal Income Taxes - Additional Information (Detail) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Income taxes paid or refunded, net	$ 41,121,000	$ 37,784,000
Valuation allowance	0		0
Ordinary loss tax carryforwards subject to expiration	2,260,000
Ordinary loss tax carryforwards expiration date	Dec. 31, 2034
Provision for penalties recognized relating to uncertain tax positions	0	0
Interest expense recognized relating to uncertain tax positions	$ 0	$ 0

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Investment Real Estate - Investment Real Estate by Property-Type and Geographic Distribution (Detail) (Real Estate [Member])	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Industrial [Member]
Concentration Risk [Line Items]
Investment real estate	13.80%	12.30%
Office [Member]
Concentration Risk [Line Items]
Investment real estate	20.70%	23.10%
Retail [Member]
Concentration Risk [Line Items]
Investment real estate	46.40%	43.40%
Other [Member]
Concentration Risk [Line Items]
Investment real estate	19.10%	21.20%
East North Central [Member]
Concentration Risk [Line Items]
Investment real estate	4.80%	7.80%
East South Central [Member]
Concentration Risk [Line Items]
Investment real estate	4.80%	5.40%
Mountain [Member]
Concentration Risk [Line Items]
Investment real estate	6.50%	6.00%
Pacific [Member]
Concentration Risk [Line Items]
Investment real estate	7.40%	5.50%
South Atlantic [Member]
Concentration Risk [Line Items]
Investment real estate	12.70%	13.40%
West South Central [Member]
Concentration Risk [Line Items]
Investment real estate	57.10%	59.00%
Other [Member]
Concentration Risk [Line Items]
Investment real estate	6.70%	2.90%
Property Type Concentration Risk [Member]
Concentration Risk [Line Items]
Investment real estate	100.00%	100.00%
Geographic Distribution [Member]
Concentration Risk [Line Items]
Investment real estate	100.00%	100.00%

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Stockholders' Equity and Noncontrolling Interests - Additional Information (Detail) (USD $)	9 Months Ended					9 Months Ended						9 Months Ended		9 Months Ended	12 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Sep. 30, 2014 Parent Company [Member]	Dec. 31, 2013 Parent Company [Member]	Sep. 30, 2014 Insurance Subsidiary [Member] MISSOURI	Sep. 30, 2013 Insurance Subsidiary [Member] MISSOURI	Sep. 30, 2014 County Mutual [Member]	Dec. 31, 2013 County Mutual [Member]	Sep. 30, 2014 Other Subsidiaries [Member]	Dec. 31, 2013 Other Subsidiaries [Member]	Sep. 30, 2014 Stock Appreciation Rights [Member]	Sep. 30, 2014 Restricted Stock Units [Member]	Sep. 30, 2014 Restricted Stock Units [Member] Graded Vesting [Member]	Dec. 31, 2012 Restricted Stock Units [Member] Graded Vesting [Member]	Sep. 30, 2014 Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, par value	$ 1.00		$ 1.00
Common stock, shares authorized	50,000,000		50,000,000
Maximum limit of shares available for grants under stock-based compensation plan	2,900,000
Maximum limit of shares granted to any one individual in any calendar year	200,000
Vesting rate per year												20.00%
Vesting period												5 years		3 years		10 years
Expiration of vesting period												5 years
Conversion of RSUs into common stock													1
Reclassification of equity to liability															$ 7,974,000
Incremental cost of modification	5,310,000	2,947,000
Shares granted																350,334
Exercise price of Restricted shares granted																$ 0
Number of shares unvested																142,667
Lapse restrictions on restricted stock awards																10 years
Risk based capital action level percentage	200.00%
Company's statutory capital and surplus				2,842,984,000	2,667,858,000
Statutory accounting practices permitted practice amount						60,732,000	56,205,000
Description of regulatory capital requirement	American National Insurance Company's payment of dividends to stockholders is restricted by state laws. The restrictions require life insurance companies to maintain minimum amounts of capital and surplus, and in the absence of special approval, limit the payment of dividends to the greater of prior year statutory net income from operations on an annual, non-cumulative basis, or 10% of prior year statutory surplus.
Statutory amount available for dividend payments without regulatory approval	266,786,000
Noncontrolling interest	$ 12,279,000		$ 12,757,000					$ 6,750,000	$ 6,750,000	$ 5,529,000	$ 6,007,000

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Segment Information - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2014 Segment
Segment Reporting [Abstract]
Segment information, number of operating segments	5

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Stockholders' Equity and Noncontrolling Interests - Common Stock, Amounts Outstanding (Detail)	Sep. 30, 2014	Dec. 31, 2013
Stockholders' Equity Note [Abstract]
Shares issued	30,832,449	30,832,449
Treasury shares	(3,960,507)	(3,937,261)
Outstanding shares	26,871,942	26,895,188
Restricted shares	(142,667)	(190,667)
Unrestricted outstanding shares	26,729,275	26,704,521

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Liability for Unpaid Claims and Claim Adjustment Expenses - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Insurance [Abstract]
Description of increase (decrease) in claims and claim adjustment expenses	The net and gross reserve calculations have shown favorable development for the last several years as a result of favorable loss emergence compared to what was implied by the loss development patterns used in the original estimation of losses in prior years.
Increase (decrease) in claims and claim adjustments expenses amount	$ 29,044,000	$ 50,553,000

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Summary of Significant Accounting Policies and Practices (Policies)

9 Months Ended

Sep. 30, 2014

Accounting Policies [Abstract]

Basis of Accounting

The consolidated financial statements and notes thereto have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) and are reported in U.S. currency.

Consolidation Policy

American National consolidates entities that are wholly-owned and those in which American National owns less than 100% but controls, as well as variable interest entities in which American National is the primary beneficiary. Intercompany balances and transactions with consolidated entities have been eliminated. Investments in unconsolidated affiliates are accounted for using the equity method of accounting.

Reclassification Policy

Certain amounts in prior years have been reclassified to conform to current year presentation.

Use of Estimates

The preparation of the consolidated financial statements in conformity with GAAP requires the use of estimates and assumptions that affect the reported consolidated financial statement balances. Actual results could differ from those estimates.

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Mortgage Loans - Additional Information (Detail) (USD $)	9 Months Ended		12 Months Ended
	Sep. 30, 2014 MortgageLoan Loans	Sep. 30, 2013 MortgageLoan	Dec. 31, 2013
Receivables [Abstract]
Number of mortgage loan foreclosed	2	1
Mortgage loans foreclosed	$ 15,945,000	$ 5,600,000
Number of mortgage loans sold	0	0
Unamortized discounts	708,000		852,000
Unamortized origination fees, mortgage loans	16,378,000		15,709,000
Financing receivable, collectively evaluated for impairment	3,279,133,000		3,294,235,000
Financing receivable, individually evaluated for impairment	57,024,000		17,188,000
Commitment to lend additional funds to debtors with modified loans as TDRs	$ 0	$ 0
Number of loans in foreclosure process	1

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Investments in Securities - Maturities of Investments (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Available-for-sale Securities and Held-to-maturity Securities [Abstract]
Bonds Held-to-Maturity, Amortized Cost, Due in one year or less	$ 902,160
Bonds Held-to-Maturity, Amortized Cost, Due after one year through five years	2,046,277
Bonds Held-to-Maturity, Amortized Cost, Due after five years through ten years	4,988,483
Bonds Held-to-Maturity, Amortized Cost, Due after ten years	421,961
Bonds Held-to-Maturity, Amortized Cost, Without single maturity date	5,850
Bonds Held-to-Maturity, Amortized Cost	8,364,731	8,491,347
Bonds Held-to-Maturity, Fair Value, Due in one year or less	921,894
Bonds Held-to-Maturity, Fair Value, Due after one year through five years	2,257,421
Bonds Held-to-Maturity, Fair Value, Due after five years through ten years	5,196,155
Bonds Held-to-Maturity, Fair Value, Due after ten years	445,711
Bonds Held-to-Maturity, Fair Value, Without single maturity date	5,072
Held-to-maturity securities, Fair Value	8,826,253	8,823,068
Bonds Available-for-Sale, Amortized Cost, Due in one year or less	345,538
Bonds Available-for-Sale, Amortized Cost, Due after one year through five years	855,878
Bonds Available-for-Sale, Amortized Cost, Due after five years through ten years	3,029,503
Bonds Available-for-Sale, Amortized Cost, Due after ten years	464,316
Bonds Available-for-Sale, Amortized Cost, Without single maturity date	5,000
Bonds Available-for-Sale, Amortized Cost	4,700,235	4,456,391
Bonds Available-for-Sale, Fair Value, Due in one year or less	351,549
Bonds Available-for-Sale, Fair Value, Due after one year through five years	932,247
Bonds Available-for-Sale, Fair Value, Due after five years through ten years	3,154,290
Bonds Available-for-Sale, Fair Value, Due after ten years	483,132
Bonds Available-for-Sale, Fair Value, Without single maturity date	5,000
Available-for-sale debt securities, Fair Value	$ 4,926,218	$ 4,599,673

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Accumulated Other Comprehensive Income (Loss) - Components of Other Comprehensive Income (Loss) (Parenthetical) (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Equity [Abstract]
Amounts reclassified from AOCI, sale of securities tax benefit (expense)	$ 8,906	$ 12,720
Amounts reclassified from AOCI, pension tax benefit (expense)	1,159	4,645
Unrealized holding gains (losses) arising during the period, tax expense	65,575	13,277
Unrealized adjustment to deferred policy acquisition costs, tax expense (benefit)	6,525	17,299
Unrealized (gains) losses on investments attributable to participating policyholders' interest, tax expense (benefit)	2,984	356
Foreign currency adjustment, tax (benefit)	$ (311)	$ (114)

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Segment Information (Tables)

9 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

Summary of Results of Operations by Operating Segments

The following summarizes results of operations by operating segments (in thousands):

	Three months ended September 30,				Nine months ended September 30,
	2014		2013		2014		2013
Income (loss) from continuing operations before federal income taxes, and equity in earnings/losses of unconsolidated affiliates
Life	$	10,794	$	9,005	$	22,076	$	23,420
Annuity		24,366		18,631		70,415		69,633
Health		9,304		7,170		19,579		16,164
Property and casualty		30,088		24,634		59,790		33,198
Corporate and other		20,223		61,424		63,305		124,807
Total	$	94,775	$	120,864	$	235,165	$	267,222

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Mortgage Loans - Commercial Mortgage Loans Placed on Nonaccrual Status (Detail) (Industrial [Member], USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Amounts of commercial mortgage loans	$ 0	$ 2,739

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Fair Value of Financial Instruments - Quantitative Disclosures Regarding Fair Value Hierarchy Measurements (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Financial assets
Held-to-maturity securities, fair value disclosure	$ 8,826,253	$ 8,823,068
Fixed maturity securities, bonds available-for-sale, fair value disclosure	4,926,218	4,599,673
Equity securities, fair value disclosure	1,494,471	1,410,608
Equity Indexed Options, fair value disclosure	170,343	164,753
Policy loans, fair value disclosure	404,705	397,407
Short-term investments, fair value disclosure	346,343	495,386
Separate account assets, fair value disclosure	992,615	970,954
Financial liabilities
Embedded derivative liability for equity-indexed contracts, fair value disclosure	191,760	148,435
Separate account liabilities, fair value disclosure	992,615	970,954
U.S. Treasury and Government [Member]
Financial assets
Held-to-maturity securities, fair value disclosure		1,744
Fixed maturity securities, bonds available-for-sale, fair value disclosure	24,856	22,476
U.S. States and Political Subdivisions [Member]
Financial assets
Held-to-maturity securities, fair value disclosure	352,099	362,656
Fixed maturity securities, bonds available-for-sale, fair value disclosure	777,522	638,561
Foreign Governments [Member]
Financial assets
Held-to-maturity securities, fair value disclosure	30,763	31,604
Fixed maturity securities, bonds available-for-sale, fair value disclosure	6,900	6,649
Corporate Debt Securities [Member]
Financial assets
Held-to-maturity securities, fair value disclosure	8,049,255	7,993,891
Fixed maturity securities, bonds available-for-sale, fair value disclosure	4,056,572	3,807,033
Residential Mortgage-Backed Securities [Member]
Financial assets
Held-to-maturity securities, fair value disclosure	373,701	418,683
Fixed maturity securities, bonds available-for-sale, fair value disclosure	47,002	63,007
Collateralized Debt Securities [Member]
Financial assets
Held-to-maturity securities, fair value disclosure	2,459	2,591
Fixed maturity securities, bonds available-for-sale, fair value disclosure	13,366	15,186
Other Debt Securities [Member]
Financial assets
Held-to-maturity securities, fair value disclosure	17,976	11,899
Fixed maturity securities, bonds available-for-sale, fair value disclosure		17,501
Commercial Mortgage-Backed Securities [Member]
Financial assets
Fixed maturity securities, bonds available-for-sale, fair value disclosure		29,260
Common Stock [Member]
Financial assets
Equity securities, fair value disclosure	1,452,643	1,368,995
Preferred Stocks [Member]
Financial assets
Equity securities, fair value disclosure	41,828	41,613
Recurring [Member]
Financial assets
Held-to-maturity securities, fair value disclosure	8,826,253	8,823,068
Fixed maturity securities, bonds available-for-sale, fair value disclosure	4,926,218	4,599,673
Equity securities, fair value disclosure	1,494,471	1,410,608
Equity Indexed Options, fair value disclosure	170,343	164,753
Mortgage loans on real estate, net of allowance, fair value disclosure	3,515,463	3,470,663
Policy loans, fair value disclosure	404,705	397,407
Short-term investments, fair value disclosure	346,343	495,386
Separate account assets, fair value disclosure	992,615	970,954
Total financial assets, fair value disclosure	20,676,411	20,332,512
Financial liabilities
Investment contracts, fair value disclosure	9,039,356	9,423,122
Embedded derivative liability for equity-indexed contracts, fair value disclosure	191,760	148,435
Notes payable, fair value disclosure	109,349	113,849
Separate account liabilities, fair value disclosure	992,615	970,954
Total financial liabilities, fair value disclosure	10,333,080	10,656,360
Recurring [Member] | Level 1 [Member]
Financial assets
Equity securities, fair value disclosure	1,494,471	1,410,608
Total financial assets, fair value disclosure	1,494,471	1,410,608
Recurring [Member] | Level 2 [Member]
Financial assets
Held-to-maturity securities, fair value disclosure	8,767,600	8,776,009
Fixed maturity securities, bonds available-for-sale, fair value disclosure	4,884,074	4,551,369
Mortgage loans on real estate, net of allowance, fair value disclosure	3,515,463	3,470,663
Short-term investments, fair value disclosure	346,343	495,386
Separate account assets, fair value disclosure	992,615	970,954
Total financial assets, fair value disclosure	18,506,095	18,264,381
Financial liabilities
Separate account liabilities, fair value disclosure	992,615	970,954
Total financial liabilities, fair value disclosure	992,615	970,954
Recurring [Member] | Level 3 [Member]
Financial assets
Held-to-maturity securities, fair value disclosure	58,653	47,059
Fixed maturity securities, bonds available-for-sale, fair value disclosure	42,144	48,304
Equity Indexed Options, fair value disclosure	170,343	164,753
Policy loans, fair value disclosure	404,705	397,407
Total financial assets, fair value disclosure	675,845	657,523
Financial liabilities
Investment contracts, fair value disclosure	9,039,356	9,423,122
Embedded derivative liability for equity-indexed contracts, fair value disclosure	191,760	148,435
Notes payable, fair value disclosure	109,349	113,849
Total financial liabilities, fair value disclosure	9,340,465	9,685,406
Recurring [Member] | U.S. Treasury and Government [Member]
Financial assets
Held-to-maturity securities, fair value disclosure		1,744
Fixed maturity securities, bonds available-for-sale, fair value disclosure	24,856	22,476
Recurring [Member] | U.S. Treasury and Government [Member] | Level 2 [Member]
Financial assets
Held-to-maturity securities, fair value disclosure		1,744
Fixed maturity securities, bonds available-for-sale, fair value disclosure	24,856	22,476
Recurring [Member] | U.S. States and Political Subdivisions [Member]
Financial assets
Held-to-maturity securities, fair value disclosure	352,099	362,656
Fixed maturity securities, bonds available-for-sale, fair value disclosure	777,522	638,561
Recurring [Member] | U.S. States and Political Subdivisions [Member] | Level 2 [Member]
Financial assets
Held-to-maturity securities, fair value disclosure	352,099	362,656
Fixed maturity securities, bonds available-for-sale, fair value disclosure	775,012	636,041
Recurring [Member] | U.S. States and Political Subdivisions [Member] | Level 3 [Member]
Financial assets
Fixed maturity securities, bonds available-for-sale, fair value disclosure	2,510	2,520
Recurring [Member] | Foreign Governments [Member]
Financial assets
Held-to-maturity securities, fair value disclosure	30,763	31,604
Fixed maturity securities, bonds available-for-sale, fair value disclosure	6,900	6,649
Recurring [Member] | Foreign Governments [Member] | Level 2 [Member]
Financial assets
Held-to-maturity securities, fair value disclosure	30,763	31,604
Fixed maturity securities, bonds available-for-sale, fair value disclosure	6,900	6,649
Recurring [Member] | Corporate Debt Securities [Member]
Financial assets
Held-to-maturity securities, fair value disclosure	8,049,255	7,993,891
Fixed maturity securities, bonds available-for-sale, fair value disclosure	4,056,572	3,807,033
Recurring [Member] | Corporate Debt Securities [Member] | Level 2 [Member]
Financial assets
Held-to-maturity securities, fair value disclosure	7,998,901	7,950,418
Fixed maturity securities, bonds available-for-sale, fair value disclosure	4,021,030	3,794,809
Recurring [Member] | Corporate Debt Securities [Member] | Level 3 [Member]
Financial assets
Held-to-maturity securities, fair value disclosure	50,354	43,473
Fixed maturity securities, bonds available-for-sale, fair value disclosure	35,542	12,224
Recurring [Member] | Residential Mortgage-Backed Securities [Member]
Financial assets
Held-to-maturity securities, fair value disclosure	373,701	418,683
Fixed maturity securities, bonds available-for-sale, fair value disclosure	47,002	63,007
Recurring [Member] | Residential Mortgage-Backed Securities [Member] | Level 2 [Member]
Financial assets
Held-to-maturity securities, fair value disclosure	372,724	417,688
Fixed maturity securities, bonds available-for-sale, fair value disclosure	45,076	60,841
Recurring [Member] | Residential Mortgage-Backed Securities [Member] | Level 3 [Member]
Financial assets
Held-to-maturity securities, fair value disclosure	977	995
Fixed maturity securities, bonds available-for-sale, fair value disclosure	1,926	2,166
Recurring [Member] | Collateralized Debt Securities [Member]
Financial assets
Held-to-maturity securities, fair value disclosure	2,459	2,591
Fixed maturity securities, bonds available-for-sale, fair value disclosure	13,366	15,186
Recurring [Member] | Collateralized Debt Securities [Member] | Level 2 [Member]
Financial assets
Fixed maturity securities, bonds available-for-sale, fair value disclosure	11,200	13,052
Recurring [Member] | Collateralized Debt Securities [Member] | Level 3 [Member]
Financial assets
Held-to-maturity securities, fair value disclosure	2,459	2,591
Fixed maturity securities, bonds available-for-sale, fair value disclosure	2,166	2,134
Recurring [Member] | Other Debt Securities [Member]
Financial assets
Held-to-maturity securities, fair value disclosure	17,976	11,899
Fixed maturity securities, bonds available-for-sale, fair value disclosure		17,501
Recurring [Member] | Other Debt Securities [Member] | Level 2 [Member]
Financial assets
Held-to-maturity securities, fair value disclosure	13,113	11,899
Fixed maturity securities, bonds available-for-sale, fair value disclosure		17,501
Recurring [Member] | Other Debt Securities [Member] | Level 3 [Member]
Financial assets
Held-to-maturity securities, fair value disclosure	4,863
Recurring [Member] | Commercial Mortgage-Backed Securities [Member]
Financial assets
Fixed maturity securities, bonds available-for-sale, fair value disclosure		29,260
Recurring [Member] | Commercial Mortgage-Backed Securities [Member] | Level 3 [Member]
Financial assets
Fixed maturity securities, bonds available-for-sale, fair value disclosure		29,260
Recurring [Member] | Common Stock [Member]
Financial assets
Equity securities, fair value disclosure	1,452,643	1,368,995
Recurring [Member] | Common Stock [Member] | Level 1 [Member]
Financial assets
Equity securities, fair value disclosure	1,452,643	1,368,995
Recurring [Member] | Preferred Stocks [Member]
Financial assets
Equity securities, fair value disclosure	41,828	41,613
Recurring [Member] | Preferred Stocks [Member] | Level 1 [Member]
Financial assets
Equity securities, fair value disclosure	$ 41,828	$ 41,613

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Derivative Instruments - Schedule of Derivative Instruments Reported in Financial Position (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Derivatives, Fair Value [Line Items]
Estimated Fair Value of other invested assets	$ 170,343	$ 164,753
Derivative Financial Instruments, Estimated Fair Value	191,760	148,435
Policyholders' Account Balances [Member] | Derivatives Not Designated as Hedging Instruments [Member] | Equity-Indexed Embedded Derivative [Member]
Derivatives, Fair Value [Line Items]
Number of Instruments	39,723	33,579
Derivative Notional Amount, Liability	957,600	819,200
Derivative Financial Instruments, Estimated Fair Value	191,760	148,435
Other Invested Assets [Member] | Derivatives Not Designated as Hedging Instruments [Member] | Equity-Indexed Options [Member]
Derivatives, Fair Value [Line Items]
Number of Instruments	416	394
Derivative Notional Amount, Asset	1,034,600	951,400
Estimated Fair Value of other invested assets	$ 170,343	$ 164,753

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Investments in Securities - Bond by Credit Quality Rating Distribution (Detail) (Bonds Held-to-Maturity [Member], Credit Concentration Risk [Member])	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Concentration Risk [Line Items]
Portfolio of investment by credit quality	100.00%	100.00%
AAA [Member]
Concentration Risk [Line Items]
Portfolio of investment by credit quality	4.90%	4.90%
AA [Member]
Concentration Risk [Line Items]
Portfolio of investment by credit quality	12.50%	11.30%
A [Member]
Concentration Risk [Line Items]
Portfolio of investment by credit quality	40.10%	40.70%
BBB [Member]
Concentration Risk [Line Items]
Portfolio of investment by credit quality	39.00%	39.20%
BB and Below [Member]
Concentration Risk [Line Items]
Portfolio of investment by credit quality	3.50%	3.90%

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Summary of Significant Accounting Policies and Practices

9 Months Ended

Sep. 30, 2014

Accounting Policies [Abstract]

Summary of Significant Accounting Policies and Practices

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES

The consolidated financial statements and notes thereto have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) and are reported in U.S. currency. American National consolidates entities that are wholly-owned and those in which American National owns less than 100% but controls, as well as variable interest entities in which American National is the primary beneficiary. Intercompany balances and transactions with consolidated entities have been eliminated. Investments in unconsolidated affiliates are accounted for using the equity method of accounting. Certain amounts in prior years have been reclassified to conform to current year presentation.

The interim consolidated financial statements and notes herein are unaudited and reflect all adjustments which management considers necessary for the fair presentation of the interim consolidated statements of financial position, operations, comprehensive income (loss), changes in stockholders’ equity, and cash flows.

The interim consolidated financial statements and notes should be read in conjunction with the annual consolidated financial statements and notes thereto included in American National’s Annual Report on Form 10-K as of and for the year ended December 31, 2013. The consolidated results of operations for the interim periods should not be considered indicative of results to be expected for the full year.

The preparation of the consolidated financial statements in conformity with GAAP requires the use of estimates and assumptions that affect the reported consolidated financial statement balances. Actual results could differ from those estimates.

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Derivative Instruments - Schedule of Derivative Instruments Reported in Statements of Operations (Detail) (Derivatives Not Designated as Hedging Instruments [Member], USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Net Investment Income [Member] | Equity-Indexed Options [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Income on Derivatives	$ 6,562	$ 13,260	$ 29,011	$ 48,019
Interest Credited to Policyholders' Account Balances [Member] | Equity-Indexed Embedded Derivative [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Income on Derivatives	$ (1,762)	$ (11,056)	$ (16,484)	$ (39,750)

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Investments in Securities - Proceeds from Available for Sale Securities and Realized Gain Loss (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Available-for-sale Securities, Gross Realized Gain (Loss), Disclosures [Abstract]
Proceeds from sales of available-for-sale securities	$ 2,671	$ 33,390	$ 139,137	$ 189,438
Gross realized gains	228	10,349	24,994	33,699
Gross realized losses	$ 0	$ (97)	$ (2,123)	$ (623)

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Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments Reported in Financial Position

The detail of derivative instruments is shown below (in thousands, except the number of instruments):

		September 30, 2014						December 31, 2013
Derivatives Not Designated as Hedging Instruments	Location in the Consolidated Statements of Financial Position	Number of Instruments		Notional Amounts		Estimated Fair Value		Number of Instruments		Notional Amounts		Estimated Fair Value
Equity-indexed options	Other invested assets		416	$	1,034,600	$	170,343		394	$	951,400	$	164,753
Equity-indexed embedded derivative	Policyholders’ account balances		39,723		957,600		191,760		33,579		819,200		148,435

Schedule of Derivative Instruments Reported in Statements of Operations

Derivatives Not Designated as Hedging Instruments	Location in the Consolidated Statements of Operations	Gains (Losses) Recognized in Income on Derivatives
		Three months ended September 30,						Nine months ended September 30,
		2014			2013			2014			2013
Equity-indexed options	Net investment income	$	6,562		$	13,260		$	29,011		$	48,019
Equity-indexed embedded derivative	Interest credited to policyholders’ account balances		(1,762	)		(11,056	)		(16,484	)		(39,750	)

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Investment Real Estate (Tables)

9 Months Ended

Sep. 30, 2014

Real Estate [Abstract]

Investment Real Estate by Property-Type and Geographic Distribution

Investment real estate by property-type and geographic distribution are as follows:

	September 30, 2014			December 31, 2013
Industrial		13.8	%		12.3	%
Office		20.7			23.1
Retail		46.4			43.4
Other		19.1			21.2
Total		100.0	%		100.0	%
	September 30, 2014			December 31, 2013
East North Central		4.8	%		7.8	%
East South Central		4.8			5.4
Mountain		6.5			6.0
Pacific		7.4			5.5
South Atlantic		12.7			13.4
West South Central		57.1			59.0
Other		6.7			2.9
Total		100.0	%		100.0	%

Assets and Liabilities Related to VIEs

The assets and liabilities relating to the VIEs included in the consolidated financial statements are as follows (in thousands):

	September 30, 2014		December 31, 2013
Investment real estate	$	138,994	$	123,624
Cash and cash equivalents		1,761		2,154
Accrued investment income		412		2,197
Other receivables		7,986		8,488
Other assets		5,686		6,016
Total assets of consolidated VIEs	$	154,839	$	142,479
Notes payable	$	109,349	$	113,849
Other liabilities		4,595		6,680
Total liabilities of consolidated VIEs	$	113,944	$	120,529

Carrying Amount and Maximum Exposure to Loss Related to VIEs

The following table presents the carrying amount and maximum exposure to loss relating to unconsolidated VIEs (in thousands):

	September 30, 2014				December 31, 2013
	Carrying Amount		Maximum Exposure to Loss		Carrying Amount		Maximum Exposure to Loss
Investment in unconsolidated affiliates	$	195,794	$	195,794	$	195,794	$	195,794
Mortgage loans		153,626		153,626		101,648		101,648
Accrued investment income		617		617		454		454

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Mortgage Loans - Number of Mortgage Loans and Recorded Investment (Detail) (Office [Member], USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2014 Contract	Sep. 30, 2013 Contract
Office [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	3	1
Recorded investment pre- modification	$ 34,400	$ 6,432
Recorded investment post modification	$ 30,996	$ 6,432

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Investments in Securities - Additional Information (Detail) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Held-to-maturity Securities, Sales or Transfers of Investments [Abstract]
Securities transferred from held-to-maturity to available-for-sale	$ 44,781,000	$ 13,492,000
Unrealized gain (loss), transferred securities	$ 1,301,000	$ 263,000

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Net Investment Income and Realized Investment Gains (Losses) (Tables)

9 Months Ended

Sep. 30, 2014

Text Block [Abstract]

Summary of Net Investment Income

Net investment income is shown below (in thousands):

	Three months ended September 30,				Nine months ended September 30,
	2014		2013		2014		2013
Bonds	$	148,715	$	157,888	$	450,110	$	479,296
Equity securities		8,146		7,417		26,488		22,653
Mortgage loans		51,652		55,629		159,010		163,497
Real estate		14,245		11,297		11,347		10,228
Options		6,562		13,260		29,011		48,019
Other invested assets		7,169		8,845		21,638		28,795
Total	$	236,489	$	254,336	$	697,604	$	752,488

Summary of Realized Investment Gains (Losses)

Realized investment gains (losses) are shown below (in thousands):

	Three months ended September 30,						Nine months ended September 30,
	2014			2013			2014			2013
Bonds	$	1,925		$	9,907		$	21,837		$	16,826
Equity securities		229			10,149			10,293			30,668
Mortgage loans		(1,551	)		(1,561	)		(5,424	)		(1,172	)
Real estate		(1,242	)		25,311			1,787			61,257
Other invested assets		(10	)		(11	)		(945	)		(106	)
Total	$	(649	)	$	43,795		$	27,548		$	107,473

Summary of Other than Temporary Impairment Losses

The other-than-temporary-impairment losses are shown below (in thousands):

	Three months ended September 30,						Nine months ended September 30,
	2014			2013			2014			2013
Bonds	$	—		$	—		$	(41	)	$	—
Equity securities		(1,608	)		(312	)		(3,004	)		(3,503	)
Total	$	(1,608	)	$	(312	)	$	(3,045	)	$	(3,503	)

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Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2014

Fair Value Disclosures [Abstract]

Carrying Amount and Fair Value of Financial Instruments

The carrying amount and fair value of financial instruments are shown below (in thousands):

	September 30, 2014				December 31, 2013
	Carrying				Carrying
	Amount		Fair Value		Amount		Fair Value
Financial assets
Fixed maturity securities, bonds held-to-maturity	$	8,364,731	$	8,826,253	$	8,491,347	$	8,823,068
Fixed maturity securities, bonds available-for-sale		4,926,218		4,926,218		4,599,673		4,599,673
Equity securities		1,494,471		1,494,471		1,410,608		1,410,608
Equity-indexed options		170,343		170,343		164,753		164,753
Mortgage loans on real estate, net of allowance		3,318,552		3,515,463		3,299,242		3,470,663
Policy loans		404,705		404,705		397,407		397,407
Short-term investments		346,343		346,343		495,386		495,386
Separate account assets		992,615		992,615		970,954		970,954
Total financial assets	$	20,017,978	$	20,676,411	$	19,829,370	$	20,332,512
Financial liabilities
Investment contracts	$	9,039,356	$	9,039,356	$	9,423,122	$	9,423,122
Embedded derivative liability for equity-indexed contracts		191,760		191,760		148,435		148,435
Notes payable		109,349		109,349		113,849		113,849
Separate account liabilities		992,615		992,615		970,954		970,954
Total financial liabilities	$	10,333,080	$	10,333,080	$	10,656,360	$	10,656,360

Quantitative Disclosures Regarding Fair Value Hierarchy Measurements

The fair value hierarchy measurements of the financial instruments are shown below (in thousands):

	Fair Value Measurement as of September 30, 2014
	Total Fair Value		Level 1		Level 2		Level 3
Financial assets
Fixed maturity securities, bonds held-to-maturity
U.S. states and political subdivisions	$	352,099	$	—	$	352,099	$	—
Foreign governments		30,763		—		30,763		—
Corporate debt securities		8,049,255		—		7,998,901		50,354
Residential mortgage-backed securities		373,701		—		372,724		977
Collateralized debt securities		2,459		—		—		2,459
Other debt securities		17,976		—		13,113		4,863
Total bonds held-to-maturity		8,826,253		—		8,767,600		58,653
Fixed maturity securities, bonds available-for-sale
U.S. treasury and government		24,856		—		24,856		—
U.S. states and political subdivisions		777,522		—		775,012		2,510
Foreign governments		6,900		—		6,900		—
Corporate debt securities		4,056,572		—		4,021,030		35,542
Residential mortgage-backed securities		47,002		—		45,076		1,926
Collateralized debt securities		13,366		—		11,200		2,166
Total bonds available-for-sale		4,926,218		—		4,884,074		42,144
Equity securities
Common stock		1,452,643		1,452,643		—		—
Preferred stock		41,828		41,828		—		—
Total equity securities		1,494,471		1,494,471		—		—
Options		170,343		—		—		170,343
Mortgage loans on real estate		3,515,463		—		3,515,463		—
Policy loans		404,705		—		—		404,705
Short-term investments		346,343		—		346,343		—
Separate account assets		992,615		—		992,615		—
Total financial assets	$	20,676,411	$	1,494,471	$	18,506,095	$	675,845
Financial liabilities
Investment contracts	$	9,039,356	$	—	$	—	$	9,039,356
Embedded derivative liability for equity-indexed contracts		191,760		—		—		191,760
Notes payable		109,349		—		—		109,349
Separate account liabilities		992,615		—		992,615		—
Total financial liabilities	$	10,333,080	$	—	$	992,615	$	9,340,465

	Fair Value Measurement as of December 31, 2013
	Total Fair Value		Level 1		Level 2		Level 3
Financial assets
Fixed maturity securities, bonds held-to-maturity
U.S. treasury and government	$	1,744	$	—	$	1,744	$	—
U.S. states and political subdivisions		362,656		—		362,656		—
Foreign governments		31,604		—		31,604		—
Corporate debt securities		7,993,891		—		7,950,418		43,473
Residential mortgage-backed securities		418,683		—		417,688		995
Collateralized debt securities		2,591		—		—		2,591
Other debt securities		11,899		—		11,899		—
Total bonds held-to-maturity		8,823,068		—		8,776,009		47,059
Fixed maturity securities, bonds available-for-sale
U.S. treasury and government		22,476		—		22,476		—
U.S. states and political subdivisions		638,561		—		636,041		2,520
Foreign governments		6,649		—		6,649		—
Corporate debt securities		3,807,033		—		3,794,809		12,224
Residential mortgage-backed securities		63,007		—		60,841		2,166
Commercial mortgage-backed securities		29,260		—		—		29,260
Collateralized debt securities		15,186		—		13,052		2,134
Other debt securities		17,501		—		17,501		—
Total bonds available-for-sale		4,599,673		—		4,551,369		48,304
Equity securities
Common stock		1,368,995		1,368,995		—		—
Preferred stock		41,613		41,613		—		—
Total equity securities		1,410,608		1,410,608		—		—
Options		164,753		—		—		164,753
Mortgage loans on real estate		3,470,663		—		3,470,663		—
Policy loans		397,407		—		—		397,407
Short-term investments		495,386		—		495,386		—
Separate account assets		970,954		—		970,954		—
Total financial assets	$	20,332,512	$	1,410,608	$	18,264,381	$	657,523
Financial liabilities
Investment contracts	$	9,423,122	$	—	$	—	$	9,423,122
Embedded derivative liability for equity-indexed contracts		148,435		—		—		148,435
Notes payable		113,849		—		—		113,849
Separate account liabilities		970,954		—		970,954		—
Total financial liabilities	$	10,656,360	$	—	$	970,954	$	9,685,406

Financial Instruments Measured at Fair Value on Recurring Basis Using (Level 3) Inputs

For financial instruments measured at fair value on a recurring basis using Level 3 inputs during the period, a reconciliation of the beginning and ending balances is shown below (in thousands):

	Level 3
	Three months ended September 30,									Nine months ended September 30,
	Assets						Liability			Assets						Liability
				Equity-									Equity-
	Investment			Indexed			Embedded			Investment			Indexed			Embedded
	Securities			Options			Derivative			Securities			Options			Derivative
Beginning balance, 2014	$	11,932		$	163,861		$	186,261		$	48,304		$	164,753		$	148,435
Total realized and unrealized investment gains/losses included in other comprehensive income		138			—			—			(11,735	)		—			—
Net fair value change included in realized gains/losses		—			—			—			13,056			—			—
Net gain (loss) for derivatives included in net investment income		—			4,998			—			—			23,788			—
Net change included in interest credited		—			—			1,762			—			—			16,484
Purchases, sales and settlements or maturities
Purchases		—			3,655			—			—			12,345			—
Sales		(120	)		—			—			(37,670	)		—			—
Settlements or maturities		(5	)		(2,171	)		—			(10	)		(30,543	)		—
Premiums less benefits								3,737									26,841
Gross transfers into Level 3		30,199			—			—			30,199			—			—
Gross transfers out of Level 3		—			—			—			—			—			—
Ending balance September 30, 2014	$	42,144		$	170,343		$	191,760		$	42,144		$	170,343		$	191,760
Beginning balance, 2013	$	55,558		$	115,558		$	100,963		$	107,036		$	82,625		$	75,032
Total realized and unrealized investment gains/losses included in other comprehensive income		(633	)		—			—			10,496			—			—
Net fair value change included in realized gains/losses		(1	)		—			—			218			—			—
Net gain (loss) for derivatives included in net investment income		—			11,775			—			—			42,941			—
Net change included in interest credited		—			—			11,056			—			—			39,750
Purchases, sales and settlements or maturities
Purchases		45			4,470			—			2,115			12,178			—
Sales		(138	)		—			—			(14,272	)		—			—
Settlements or maturities		—			(2,054	)		—			—			(7,995	)		—
Premiums less benefits		—			—			(730	)		—			—			(3,493	)
Gross transfers into Level 3		157			—			—			157			—			—
Gross transfers out of Level 3		(2,840	)		—			—			(53,602	)		—			—
Ending balance September 30, 2013	$	52,148		$	129,749		$	111,289		$	52,148		$	129,749		$	111,289

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Nature of Operations

9 Months Ended

Sep. 30, 2014

Accounting Policies [Abstract]

Nature of Operations

1. NATURE OF OPERATIONS

American National Insurance Company and its consolidated subsidiaries (collectively “American National”) offer a broad spectrum of insurance products, including individual and group life insurance, annuities, health insurance, and property and casualty insurance. Business is conducted in 50 states, the District of Columbia, Puerto Rico, Guam and American Samoa.

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Deferred Policy Acquisition Costs (Tables)

9 Months Ended

Sep. 30, 2014

Insurance [Abstract]

Deferred Policy Acquisition Costs

Deferred policy acquisition costs are shown below (in thousands):

							Accident			Property &
	Life			Annuity			& Health			Casualty			Total
Beginning balance 2014	$	684,084		$	424,158		$	47,220		$	122,271		$	1,277,733
Additions		77,261			36,413			14,949			161,978			290,601
Amortization		(61,488	)		(58,469	)		(14,084	)		(167,414	)		(301,455	)
Effect of change in unrealized gains on available-for-sale securities		(4,147	)		(13,028	)		—			—			(17,175	)
Net change		11,626			(35,084	)		865			(5,436	)		(28,029	)
Ending balance at September 30, 2014	$	695,710		$	389,074		$	48,085		$	116,835		$	1,249,704

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Commitments and Contingencies - Additional Information (Detail) (USD $)	9 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]
Commitments outstanding, aggregate amount	$ 452,166,000
Commitments expected to be funded in 2014	176,259,000
Commitments expected to be funded in 2015 and beyond	275,907,000
Short-term borrowing facility, maximum capacity	100,000,000
Short-term borrowing facility, letters of credit	55,000,000
Letters of credit outstanding, amount	12,191,000	15,560,000
Short-term borrowing facility, expiration date	Oct. 30, 2015
Short-term borrowing	100,000,000
Total amount of guarantees outstanding	206,376,000
Life insurance policies with guarantees, cash value	$ 208,418,000

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Summary of Significant Accounting Policies and Practices - Additional Information (Detail)	Sep. 30, 2014
Accounting Policies [Abstract]
Entity ownership percentage	100.00%

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Mortgage Loans - Change in Allowance for Credit Losses in Commercial Mortgage Loans (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2014
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Allowance for credit losses, Collectively Evaluated for Impairment, Beginning Balance	$ 11,688
Change Due to Factor Development, Collectively Evaluated for Impairment	(441)
Change in allowance, Collectively Evaluated for Impairment	775
Allowance for credit losses, Collectively Evaluated for Impairment, Ending Balance	12,022
Allowance for credit losses, Individually Evaluated for Impairment, Beginning balance	493
Change Due to Factor Development, Individually Evaluated for Impairment	0
Change in allowance, Individually Evaluated for Impairment	5,090
Allowance for credit losses, Individually Evaluated for Impairment, Ending balance	$ 5,583

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Federal Income Taxes - Effective Income Tax Reconciliation (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Tax Disclosure [Abstract]
Income tax (benefit) on pre-tax income	$ 33,171	$ 42,302	$ 82,308	$ 93,527
Tax-exempt investment income	(1,742)	(1,502)	(4,897)	(4,700)
Dividend exclusion	(1,700)	(1,710)	(5,253)	(4,802)
Miscellaneous tax credits, net	(2,658)	(1,930)	(5,873)	(5,820)
Other items, net	(322)	(1,401)	(621)	(6,326)
Total provision (benefit) for federal income taxes	$ 26,749	$ 35,759	$ 65,664	$ 71,879
Income tax (benefit) on pre-tax income	35.00%	35.00%	35.00%	35.00%
Tax-exempt investment income	(1.80%)	(1.20%)	(2.10%)	(1.80%)
Dividend exclusion	(1.80%)	(1.40%)	(2.20%)	(1.80%)
Miscellaneous tax credits, net	(2.80%)	(1.60%)	(2.50%)	(2.20%)
Other items, net	(0.30%)	(1.20%)	(0.30%)	(2.30%)
Total, Rate	28.30%	29.60%	27.90%	26.90%

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Consolidated Statements of Financial Position (Unaudited) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
ASSETS
Fixed maturity, bonds held-to-maturity, at amortized cost (Fair Value $8,826,253 and $8,823,068)	$ 8,364,731	$ 8,491,347
Fixed maturity, bonds available-for-sale, at fair value (Amortized cost $4,700,235 and $4,456,391)	4,926,218	4,599,673
Equity securities, at fair value (Cost $745,733 and $741,080)	1,494,471	1,410,608
Mortgage loans on real estate, net of allowance	3,318,552	3,299,242
Policy loans	404,705	397,407
Investment real estate, net of accumulated depreciation of $181,125 and $211,575	458,116	507,142
Short-term investments	346,343	495,386
Other invested assets	202,131	201,442
Total investments	19,515,267	19,402,247
Cash and cash equivalents	136,142	117,946
Investments in unconsolidated affiliates	335,419	341,012
Accrued investment income	198,559	194,830
Reinsurance recoverables	410,525	414,743
Prepaid reinsurance premiums	55,681	57,869
Premiums due and other receivables	294,678	279,929
Deferred policy acquisition costs	1,249,704	1,277,733
Property and equipment, net	119,259	107,070
Current tax receivable	4,403	18,507
Other assets	148,448	142,043
Separate account assets	992,615	970,954
Total assets	23,460,700	23,324,883
LIABILITIES
Life	2,736,156	2,677,213
Annuity	982,720	903,437
Accident and health	70,699	71,941
Policyholders' account balances	10,893,918	11,181,650
Policy and contract claims	1,289,997	1,297,646
Unearned premium reserve	779,934	739,878
Other policyholder funds	332,411	326,885
Liability for retirement benefits	143,400	160,853
Notes payable	109,349	113,849
Deferred tax liabilities, net	286,545	220,428
Other liabilities	433,855	456,818
Separate account liabilities	992,615	970,954
Total liabilities	19,051,599	19,121,552
STOCKHOLDERS' EQUITY
Common stock, $1.00 par value,-Authorized 50,000,000 Issued 30,832,449 and 30,832,449, Outstanding 26,871,942 and 26,895,188 shares	30,832	30,832
Additional paid-in capital	8,862	4,650
Accumulated other comprehensive income	504,338	413,712
Retained earnings	3,954,731	3,838,821
Treasury stock, at cost	(101,941)	(97,441)
Total American National stockholders' equity	4,396,822	4,190,574
Noncontrolling interest	12,279	12,757
Total stockholders' equity	4,409,101	4,203,331
Total liabilities and stockholders' equity	$ 23,460,700	$ 23,324,883

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Investments in Securities - Change in Net Unrealized Gains (Losses) on Available-for-Sale Securities (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Schedule of Available-for-sale Securities [Line Items]
Change in net unrealized gains (losses) on securities during the year			$ 161,912	$ 2,120
Adjustments for
Deferred policy acquisition costs			(17,175)	46,643
Participating policyholders' interest			(8,526)	1,018
Deferred federal income tax benefit (expense)			(47,160)	(18,212)
Change in net unrealized gains (losses) on securities, net of tax	(17,708)	26,747	89,051	31,569
Bonds Available-for-Sale [Member]
Schedule of Available-for-sale Securities [Line Items]
Change in net unrealized gains (losses) on securities during the year			82,701	(163,493)
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Change in net unrealized gains (losses) on securities during the year			$ 79,211	$ 165,613

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Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (USD $) In Thousands	Total	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Noncontrolling Interest [Member]
Balance at beginning of the period at Dec. 31, 2012		$ 30,832	$ 0	$ 242,010	$ 3,653,280	$ (98,286)	$ 11,491
Reissuance (purchases) of treasury shares			3,012			844
Contributions							456
Net income (loss) attributable to American National	200,753				200,753
Other comprehensive income (loss)	39,985			39,985
Income tax effect from restricted stock arrangement			80
Distributions							(2,675)
Cash dividends to common stockholders					(62,122)
Amortization of restricted stock			1,028
Gain (loss) attributable to noncontrolling interest							4,364
Balance at end of period at Sep. 30, 2013	4,025,052	30,832	4,120	281,995	3,791,911	(97,442)	13,636
Balance at beginning of the period at Dec. 31, 2013	4,203,331	30,832	4,650	413,712	3,838,821	(97,441)	12,757
Reissuance (purchases) of treasury shares			1,635			(4,500)
Contributions							478
Net income (loss) attributable to American National	178,023				178,023
Other comprehensive income (loss)	90,626			90,626
Distributions							(2,839)
Cash dividends to common stockholders					(62,113)
Amortization of restricted stock			2,577
Gain (loss) attributable to noncontrolling interest							1,883
Balance at end of period at Sep. 30, 2014	$ 4,409,101	$ 30,832	$ 8,862	$ 504,338	$ 3,954,731	$ (101,941)	$ 12,279

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Investment Real Estate - Additional Information (Detail) (USD $)	9 Months Ended
	Sep. 30, 2014 Note	Dec. 31, 2013
Debt Instrument [Line Items]
Maximum amount of investment in long-term notes payable	$ 14,948,000	$ 12,782,000
Current portion of notes payable	543,000	3,199,000
Average interest rate on current portion of notes payable	4.25%
Number of notes included in notes payable	3
Long-term notes payable due in four and five years	$ 9,375,000
Long-Term Notes Payable 1 [Member]
Debt Instrument [Line Items]
Interest rate on long-term notes	4.00%
Notes payable maturity period	Beyond 5 years
Long-Term Notes Payable 2 [Member]
Debt Instrument [Line Items]
Interest on long-term portion of notes payable	Adjusted LIBOR plus 1.0%
Interest on long-term portion of notes payable, basis spread	1.00%
Notes payable maturity year	2016
Long-Term Notes Payable 3 [Member]
Debt Instrument [Line Items]
Interest on long-term portion of notes payable	Adjusted LIBOR plus 1.0%
Interest on long-term portion of notes payable, basis spread	1.00%
Notes payable maturity year	2016

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Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2014

Equity [Abstract]

Components of Other Comprehensive Income (Loss)

The components of and changes in the accumulated other comprehensive income (loss) (“AOCI”), and the related tax effects, are shown below (in thousands):

	Net Unrealized Gains/(Losses) on Securities			Defined Benefit Pension Plan Adjustments			Foreign Currency Adjustments			AOCI
Beginning balance 2014	$	457,937		$	(43,884	)	$	(341	)	$	413,712
Amounts reclassified from AOCI (net of tax benefit $8,906 and expense $1,159)		(16,539	)		2,152			—			(14,387	)
Unrealized holding gains (losses) arising during the period (net of tax expense $65,575)		121,782									121,782
Unrealized adjustment to DAC (net of tax benefit $6,525)		(10,650	)								(10,650	)
Unrealized (gains) losses on investments attributable to participating policyholders’ interest (net of tax benefit $2,984)		(5,542	)								(5,542	)
Foreign currency adjustment (net of tax benefit $311)								(577	)		(577	)
Ending balance at September 30, 2014	$	546,988		$	(41,732	)	$	(918	)	$	504,338
	Net Unrealized Gains/(Losses) on Securities			Defined Benefit Pension Plan Adjustments			Foreign Currency Adjustments			AOCI
Beginning balance 2013	$	370,842		$	(129,003	)	$	171		$	242,010
Amounts reclassified from AOCI (net of tax benefit $12,720 and expense $4,645)		(23,095	)		8,627			—			(14,468	)
Unrealized holding gains (losses) arising during the period (net of tax expense $13,277)		24,658									24,658
Unrealized adjustment to DAC (net of tax expense $17,299)		29,344									29,344
Unrealized (gains) losses on investments attributable to participating policyholders’ interest (net of tax expense $356)		662									662
Foreign currency adjustment (net of tax benefit $114)								(211	)		(211	)
Ending balance at September 30, 2013	$	402,411		$	(120,376	)	$	(40	)	$	281,995

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Fair Value of Financial Instruments - Carrying Amount and Fair Value of Financial Instruments (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Financial assets
Held-to-maturity, fair value disclosure	$ 8,364,731	$ 8,491,347
Held-to-maturity, fair value disclosure	8,826,253	8,823,068
Fixed maturity securities, bonds available-for-sale, fair value disclosure	4,926,218	4,599,673
Equity securities, fair value disclosure	1,494,471	1,410,608
Equity Indexed Options, fair value disclosure	170,343	164,753
Mortgage loans on real estate, net of allowance, fair value disclosure	3,318,552	3,299,242
Policy loans, fair value disclosure	404,705	397,407
Short-term investments, fair value disclosure	346,343	495,386
Separate account assets, fair value disclosure	992,615	970,954
Total financial assets, fair value disclosure	20,017,978	19,829,370
Financial liabilities
Investment contracts, fair value disclosure	9,039,356	9,423,122
Embedded derivative liability for equity-indexed contracts, fair value disclosure	191,760	148,435
Notes payable, fair value disclosure	109,349	113,849
Separate account liabilities, fair value disclosure	992,615	970,954
Total financial liabilities, fair value disclosure	10,333,080	10,656,360
Fair Value [Member]
Financial assets
Held-to-maturity, fair value disclosure	8,826,253	8,823,068
Fixed maturity securities, bonds available-for-sale, fair value disclosure	4,926,218	4,599,673
Equity securities, fair value disclosure	1,494,471	1,410,608
Equity Indexed Options, fair value disclosure	170,343	164,753
Mortgage loans on real estate, net of allowance, fair value disclosure	3,515,463	3,470,663
Policy loans, fair value disclosure	404,705	397,407
Short-term investments, fair value disclosure	346,343	495,386
Separate account assets, fair value disclosure	992,615	970,954
Total financial assets, fair value disclosure	20,676,411	20,332,512
Financial liabilities
Investment contracts, fair value disclosure	9,039,356	9,423,122
Embedded derivative liability for equity-indexed contracts, fair value disclosure	191,760	148,435
Notes payable, fair value disclosure	109,349	113,849
Separate account liabilities, fair value disclosure	992,615	970,954
Total financial liabilities, fair value disclosure	$ 10,333,080	$ 10,656,360

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Segment Information

9 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

Segment Information

15. SEGMENT INFORMATION

Management organizes the business into five operating segments:

• Life—markets whole, term, universal, indexed and variable life insurance on a national basis primarily through career and multiple-line agents, independent agents and direct marketing channels.

• Annuity—offers fixed, indexed, and variable annuity products. These products are sold through independent agents, brokers, and financial institutions, along with multiple-line and career agents.

• Health—primary lines of business are Medicare Supplement, stop loss, other supplemental health products and credit disability insurance. Health products are typically distributed through independent agents and managing general underwriters.

• Property and Casualty—writes personal and commercial coverages and credit-related property insurance. These products are sold through multiple-line and independent agents.

• Corporate and Other—consists of net investment income from investments not allocated to the insurance segments and revenues from non-insurance operations.

The accounting policies of the segments are the same as those described in Note 2 to American National’s annual report on form 10-K. All revenue and expense amounts specifically attributable to policy transactions are recorded directly to the appropriate operating segment. Revenues and expenses not specifically attributable to policy transactions are allocated to each segment as follows:

• Recurring income from bonds and mortgage loans is allocated based on the assets allocated to each line of business at the average yield available from these assets.

• Net investment income from all other assets is allocated to the insurance segments in accordance with the amount of capital allocated to each segment, with the remainder recorded in the Corporate and Other business segment.

• Expenses are allocated based upon various factors, including premium and commission ratios within the respective operating segments.

The following summarizes results of operations by operating segments (in thousands):

	Three months ended September 30,				Nine months ended September 30,
	2014		2013		2014		2013
Income (loss) from continuing operations before federal income taxes, and equity in earnings/losses of unconsolidated affiliates
Life	$	10,794	$	9,005	$	22,076	$	23,420
Annuity		24,366		18,631		70,415		69,633
Health		9,304		7,170		19,579		16,164
Property and casualty		30,088		24,634		59,790		33,198
Corporate and other		20,223		61,424		63,305		124,807
Total	$	94,775	$	120,864	$	235,165	$	267,222

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Stockholders' Equity and Noncontrolling Interests (Tables)

9 Months Ended

Sep. 30, 2014

Equity [Abstract]

Common Stock, Amounts Outstanding

The amounts outstanding at the dates indicated are shown below:

	September 30,			December 31,
	2014			2013
Common stock
Shares issued		30,832,449			30,832,449
Treasury shares		(3,960,507	)		(3,937,261	)
Outstanding shares		26,871,942			26,895,188
Restricted shares		(142,667	)		(190,667	)
Unrestricted outstanding shares		26,729,275			26,704,521

Stock-Based Compensation Information

SAR, RS and RSU information for the periods indicated is shown below:

	SAR					RS Shares					RS Units
	Shares			Weighted- Average Grant Date Fair Value		Shares			Weighted- Average Grant Date Fair Value		Units			Weighted- Average Grant Date Fair Value
Outstanding at December 31, 2013		74,435		$	114.08		190,667		$	107.54		121,369		$	76.23
Granted		—			—		—			—		66,383			113.49
Exercised		(2,817	)		95.58		(48,000	)		108.00		(59,438	)		76.53
Forfeited		—			—		—			—		(100	)		113.49
Expired		(15,279	)		115.23		—			—		—			—
Outstanding at September 30, 2014		56,339		$	114.69		142,667		$	107.39		128,214		$	95.82

	SAR			RS Shares		RS Units
Weighted-average contractual remaining life (in years)		2.0			4.1		2.0
Exercisable shares
Weighted-average exercise price	$	114.69		$	107.39	$	95.82
Weighted-average exercise price exercisable shares		114.78			N/A		N/A
Compensation expense (credits)
Three months ended September 30, 2014	$	(19,000	)	$	496,000	$	522,000
Three months ended September 30, 2013		87,000			674,000		409,000
Nine months ended September 30, 2014		(33,000	)		2,577,000		6,447,000
Nine months ended September 30, 2013		160,000			1,703,000		8,692,000
Fair value of liability award
September 30, 2014	$	157,000			N/A	$	15,039,000
December 31, 2013		376,000			N/A		15,018,000

Summary of Basic and Diluted Earnings Per Share

The Restricted Stock awards and units resulted in diluted earnings per share as follows (in thousands, except for share and per share data):

	Three months ended September 30,				Nine months ended September 30,
	2014		2013		2014		2013
Weighted average shares outstanding		26,805,535		26,780,313		26,800,835		26,789,564
Incremental shares from RS awards and RSUs		105,972		124,780		118,579		120,453
Total shares for diluted calculations		26,911,507		26,905,093		26,919,414		26,910,017
Net income (loss) attributable to American National	$	67,884	$	82,613	$	178,023	$	200,753
Basic earnings per share	$	2.53	$	3.08	$	6.64	$	7.49
Diluted earnings per share		2.52		3.07		6.61		7.46

Statutory Capital and Surplus and Net Income (Loss) of Insurance Entities in Accordance with Statutory Accounting Practices

The statutory capital and surplus and net income (loss) of our insurance entities in accordance with statutory accounting practices are shown below (in thousands):

	September 30, 2014		December 31, 2013
Statutory capital and surplus
Life insurance entities	$	1,898,939	$	1,771,999
Property and casualty insurance entities		952,964		904,557

	Three months ended September 30,				Nine months ended September 30,
	2014		2013		2014		2013
Statutory net income
Life insurance entities	$	43,447	$	59,602	$	139,564	$	159,286
Property and casualty insurance entities		22,718		20,205		44,852		26,136

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Related Party Transactions

9 Months Ended

Sep. 30, 2014

Related Party Transactions [Abstract]

Related Party Transactions

17. RELATED PARTY TRANSACTIONS

American National has entered into recurring transactions and agreements with certain related parties. These include mortgage loans, management contracts, agency commission contracts, marketing agreements, accident and health insurance contracts and legal services. The impact on the consolidated financial statements of the significant related party transactions is shown below (in thousands):

			Dollar Amount of Transactions				Amount due to/(from) American National
			Nine months ended September 30,				September 30, 2014			December 31, 2013
Related Party	Financial Statement Line Impacted		2014		2013
Gal-Tex Hotel Corporation		Mortgage loan on real estate	$	917	$	853	$	6,825		$	7,742
Gal-Tex Hotel Corporation		Net investment income		399		463		41			47
Greer, Herz and Adams, LLP		Other operating expenses		8,037		7,484		(404	)		(284	)

Mortgage Loans to Gal-Tex Hotel Corporation (“Gal-Tex”): The Moody Foundation and the Libbie Shearn Moody Trust own 34.0% and 50.2%, respectively, of Gal-Tex Hotel Corporation. The Moody Foundation and the Libbie Shearn Moody Trust also own approximately 22.9% and 37.1%, respectively, of American National. American National holds a first mortgage loan originated in 1999, with an interest rate of 7.30% and final maturity date of April 1, 2019 issued to Gal-Tex, which is collateralized by a hotel property in San Antonio, Texas. This loan is current as to principal and interest payments.

Transactions with Greer, Herz & Adams, L.L.P.: Irwin M. Herz, Jr. is an American National advisory director and a Partner with Greer, Herz Adams, L.L.P., which serves as American National’s General Counsel.

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Fair Value of Financial Instruments - Financial Instruments Measured at Fair Value on Recurring Basis Using (Level 3) Inputs (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Embedded Derivative Liability [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Beginning balance	$ 186,261	$ 100,963	$ 148,435	$ 75,032
Total realized and unrealized investment gains/losses included in other comprehensive income	0	0	0	0
Net fair value change included in realized gains/losses	0	0	0	0
Net gain (loss) for derivatives included in net investment income	0	0	0	0
Net change included in interest credited	1,762	11,056	16,484	39,750
Purchases	0	0	0	0
Sales	0	0	0	0
Settlements or maturities	0	0	0	0
Premiums less benefits	3,737	(730)	26,841	(3,493)
Gross transfers into Level 3	0	0	0	0
Gross transfers out of Level 3	0	0	0	0
Ending balance	191,760	111,289	191,760	111,289
Investment Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Beginning balance	11,932	55,558	48,304	107,036
Total realized and unrealized investment gains/losses included in other comprehensive income	138	(633)	(11,735)	10,496
Net fair value change included in realized gains/losses	0	(1)	13,056	218
Net gain (loss) for derivatives included in net investment income	0	0	0	0
Net change included in interest credited	0	0	0	0
Purchases	0	45	0	2,115
Sales	(120)	(138)	(37,670)	(14,272)
Settlements or maturities	(5)	0	(10)	0
Premiums less benefits	0	0	0	0
Gross transfers into Level 3	30,199	157	30,199	157
Gross transfers out of Level 3	0	(2,840)	0	(53,602)
Ending balance	42,144	52,148	42,144	52,148
Equity-Indexed Options [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Beginning balance	163,861	115,558	164,753	82,625
Total realized and unrealized investment gains/losses included in other comprehensive income	0	0	0	0
Net fair value change included in realized gains/losses	0	0	0	0
Net gain (loss) for derivatives included in net investment income	4,998	11,775	23,788	42,941
Net change included in interest credited	0	0	0	0
Purchases	3,655	4,470	12,345	12,178
Sales	0	0	0	0
Settlements or maturities	(2,171)	(2,054)	(30,543)	(7,995)
Premiums less benefits	0	0	0	0
Gross transfers into Level 3	0	0	0	0
Gross transfers out of Level 3	0	0	0	0
Ending balance	$ 170,343	$ 129,749	$ 170,343	$ 129,749

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Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
OPERATING ACTIVITIES
Net income (loss)	$ 179,906	$ 205,117
Adjustments to reconcile net income (loss) to net cash provided by operating activities
Realized investment (gains) losses	(27,548)	(107,473)
Other-than-temporary impairments	3,045	3,503
Accretion (amortization) of discounts, premiums and loan origination fees	6,316	4,460
Net capitalized interest on policy loans and mortgage loans	(23,988)	(20,156)
Depreciation	26,421	24,873
Interest credited to policyholders' account balances	258,952	309,738
Charges to policyholders' account balances	(167,041)	(152,910)
Deferred federal income tax (benefit) expense	9,974	7,959
Equity in (earnings) losses of unconsolidated affiliates	(10,405)	(9,774)
Distributions from equity method investments	679	18,925
Changes in
Policyholder liabilities	166,392	48,816
Deferred policy acquisition costs	10,854	19,568
Reinsurance recoverables	4,218	17,883
Premiums due and other receivables	(15,189)	(26,248)
Prepaid reinsurance premiums	2,188	4,945
Accrued investment income	(3,729)	3,630
Current tax receivable/payable	14,104	30,975
Liability for retirement benefits	(17,453)	8,093
Other, net	(44,626)	(38,730)
Net cash provided by (used in) operating activities	373,070	353,194
Proceeds from sale/maturity/prepayment of
Held-to-maturity securities	442,748	1,209,058
Available-for-sale securities	705,681	702,625
Investment real estate	45,843	84,371
Mortgage loans	421,023	446,480
Policy loans	41,331	43,911
Other invested assets	34,537	11,021
Disposals of property and equipment	2,571	674
Distributions from unconsolidated affiliates	49,403	22,834
Payment for the purchase/origination of
Held-to-maturity securities	(356,452)	(856,086)
Available-for-sale securities	(883,346)	(737,342)
Investment real estate	(28,865)	(35,240)
Mortgage loans	(444,140)	(638,690)
Policy loans	(21,721)	(19,564)
Other invested assets	(14,376)	(13,690)
Additions to property and equipment	(13,038)	(17,958)
Contributions to unconsolidated affiliates	(40,333)	(94,078)
Change in short-term investments	149,043	(26,393)
Other, net	3,834	8,561
Net cash provided by (used in) investing activities	93,743	90,494
FINANCING ACTIVITIES
Policyholders' account deposits	783,255	654,346
Policyholders' account withdrawals	(1,162,898)	(1,164,806)
Change in notes payable	(4,500)	(49,258)
Dividends to stockholders	(62,113)	(62,122)
Proceeds from (payments to) noncontrolling interest	(2,361)	(2,219)
Net cash provided by (used in) financing activities	(448,617)	(624,059)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	18,196	(180,371)
Beginning of the period	117,946	303,008
End of period	$ 136,142	$ 122,637

XML

Consolidated Statements of Financial Position (Unaudited) (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]
Fair value of bonds held-to-maturity	$ 8,826,253	$ 8,823,068
Amortized cost of bonds available-for-sale	4,700,235	4,456,391
Cost of equity securities	745,733	741,080
Accumulated depreciation of investment real estate	$ 181,125	$ 211,575
Common stock, par value	$ 1.00	$ 1.00
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	30,832,449	30,832,449
Common stock, shares outstanding	26,871,942	26,895,188

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Deferred Policy Acquisition Costs

9 Months Ended

Sep. 30, 2014

Insurance [Abstract]

Deferred Policy Acquisition Costs

10. DEFERRED POLICY ACQUISITION COSTS

Deferred policy acquisition costs are shown below (in thousands):

							Accident			Property &
	Life			Annuity			& Health			Casualty			Total
Beginning balance 2014	$	684,084		$	424,158		$	47,220		$	122,271		$	1,277,733
Additions		77,261			36,413			14,949			161,978			290,601
Amortization		(61,488	)		(58,469	)		(14,084	)		(167,414	)		(301,455	)
Effect of change in unrealized gains on available-for-sale securities		(4,147	)		(13,028	)		—			—			(17,175	)
Net change		11,626			(35,084	)		865			(5,436	)		(28,029	)
Ending balance at September 30, 2014	$	695,710		$	389,074		$	48,085		$	116,835		$	1,249,704

XML

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Oct. 31, 2014
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q3
Entity Registrant Name	AMERICAN NATIONAL INSURANCE CO /TX/
Entity Central Index Key	0000904163
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		26,871,942

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Liability for Unpaid Claims and Claim Adjustment Expenses

9 Months Ended

Sep. 30, 2014

Insurance [Abstract]

Liability for Unpaid Claims and Claim Adjustment Expenses

11. LIABILITY FOR UNPAID CLAIMS AND CLAIM ADJUSTMENT EXPENSES

The liability for unpaid claims and claim adjustment expenses (“claims”) for accident and health, and property and casualty insurance is included in the “Policy and contract claims” in the consolidated statements of financial position and represents the amount estimated for claims that have been reported but not settled and IBNR claims. Liability for unpaid claims are estimated based upon American National’s historical experience and actuarial assumptions that consider the effects of current developments, anticipated trends and risk management programs, reduced for anticipated salvage and subrogation. The effects of the changes are included in the consolidated results of operations in the period in which the changes occur.

Information regarding the liability for unpaid claims is shown below (in thousands):

	Nine months ended September 30,
	2014			2013
Unpaid claims balance, beginning	$	1,096,299		$	1,168,047
Less reinsurance recoverables		215,161			256,885
Net beginning balance		881,138			911,162
Incurred related to
Current		706,824			743,194
Prior years		(29,044	)		(50,553	)
Total incurred claims		677,780			692,641
Paid claims related to
Current		410,077			442,100
Prior years		252,082			266,472
Total paid claims		662,159			708,572
Net balance		896,759			895,231
Plus reinsurance recoverables		235,485			226,822
Unpaid claims balance, ending	$	1,132,244		$	1,122,053

The net and gross reserve calculations have shown favorable development for the last several years as a result of favorable loss emergence compared to what was implied by the loss development patterns used in the original estimation of losses in prior years. Estimates for ultimate incurred claims attributable to insured events of prior years decreased by approximately $29,044,000 during the first nine months of 2014 and $50,553,000 during the same period in 2013.

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Stockholders' Equity and Noncontrolling Interests - Statutory Capital and Surplus and Net Income (Loss) of Insurance Entities in Accordance with Statutory Accounting Practices (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Life [Member]
Statutory Accounting Practices [Line Items]
Statutory capital and surplus	$ 1,898,939		$ 1,898,939		$ 1,771,999
Statutory net income	43,447	59,602	139,564	159,286
Property and Casualty [Member]
Statutory Accounting Practices [Line Items]
Statutory capital and surplus	952,964		952,964		904,557
Statutory net income	$ 22,718	$ 20,205	$ 44,852	$ 26,136

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Consolidated Statements of Operations (Unaudited) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Premiums
Life	$ 79,492	$ 75,278	$ 224,165	$ 215,479
Annuity	34,661	23,412	148,250	89,733
Accident and health	53,454	52,839	164,169	159,100
Property and casualty	279,429	271,270	820,953	801,106
Other policy revenues	55,255	52,975	167,041	152,910
Net investment income	236,489	254,336	697,604	752,488
Realized investment gains (losses)	(649)	43,795	27,548	107,473
Other-than-temporary impairments	(1,608)	(312)	(3,045)	(3,503)
Other income	9,647	11,911	26,707	29,423
Total premiums and other revenues	746,170	785,504	2,273,392	2,304,209
Policyholder benefits
Life	83,740	83,821	257,505	246,896
Annuity	43,893	34,860	180,372	118,155
Claims incurred
Accident and health	33,193	34,404	109,859	106,378
Property and casualty	180,413	182,809	563,650	581,042
Interest credited to policyholders' account balances	83,746	98,862	258,952	309,738
Commissions for acquiring and servicing policies	97,608	94,504	299,992	273,360
Other operating expenses	118,002	128,115	357,043	381,850
Change in deferred policy acquisition costs	10,800	7,265	10,854	19,568
Total benefits, losses and expenses	651,395	664,640	2,038,227	2,036,987
Income (loss) before federal income tax and equity in earnings/losses of unconsolidated affiliates	94,775	120,864	235,165	267,222
Less: Provision (benefit) for federal income taxes
Current	23,639	36,541	55,690	63,920
Deferred	3,110	(782)	9,974	7,959
Total provision (benefit) for federal income taxes	26,749	35,759	65,664	71,879
Equity in earnings (losses) of unconsolidated affiliates, net of tax	2,735	121	10,405	9,774
Net income (loss)	70,761	85,226	179,906	205,117
Less: Net income (loss) attributable to noncontrolling interest, net of tax	2,877	2,613	1,883	4,364
Net income (loss) attributable to American National	$ 67,884	$ 82,613	$ 178,023	$ 200,753
Earnings per share
Basic	$ 2.53	$ 3.08	$ 6.64	$ 7.49
Diluted	$ 2.52	$ 3.07	$ 6.61	$ 7.46
Cash dividends to common stockholders	$ 0.77	$ 0.77	$ 2.31	$ 2.31
Weighted average common shares outstanding	26,805,535	26,780,313	26,800,835	26,789,564
Weighted average common shares outstanding and dilutive potential common shares	26,911,507	26,905,093	26,919,414	26,910,017

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Mortgage Loans

9 Months Ended

Sep. 30, 2014

Receivables [Abstract]

Mortgage Loans

5. MORTGAGE LOANS

Generally, commercial mortgage loans are secured by first liens on income-producing real estate. American National attempts to maintain a diversified portfolio by considering the property-type and location of the underlying collateral. Mortgage loans by property-type and geographic distribution are as follows:

	September 30, 2014			December 31, 2013
Hotel and motel		11.3	%		10.0	%
Industrial		21.2			24.9
Office		35.6			34.0
Retail		18.2			19.6
Other		13.7			11.5
Total		100.0	%		100.0	%
	September 30, 2014			December 31, 2013
East North Central		19.5	%		19.3	%
East South Central		5.0			6.8
Mountain		10.3			10.0
Pacific		12.3			12.3
South Atlantic		21.0			19.6
West South Central		25.1			26.4
Other		6.8			5.6
Total		100.0	%		100.0	%

As of September 30, 2014, American National was in the process of foreclosure on two loans with a recorded investment of $15,945,000; there was one loan foreclosed in the same period in 2013 with a recorded investment of $5,600,000. No loans were sold in the nine months ended September 30, 2014 and 2013.

Credit Quality

The credit quality of the mortgage loan portfolio is assessed by evaluating the credit risk of each borrower. A loan is classified as performing or non-performing based on whether all of the contractual terms of the loan have been met.

The age analysis of past due commercial mortgage loans is shown below (in thousands):

	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Mortgage Loans
September 30, 2014
Industrial	$	—	$	—	$	—	$	—	$	705,801	$	705,801
Office		—		—		—		—		1,191,525		1,191,525
Retail		—		—		—		—		610,335		610,335
Other		—		—		—		—		828,496		828,496
Total	$	—	$	—	$	—	$	—	$	3,336,157		3,336,157
Allowance for loan losses												17,605
Mortgage loans on real estate, net of allowance											$	3,318,552
December 31, 2013
Industrial	$	—	$	—	$	2,739	$	2,739	$	821,741	$	824,480
Office		—		—		—		—		1,124,818		1,124,818
Retail		—		—		—		—		651,236		651,236
Other		—		—		—		—		710,889		710,889
Total	$	—	$	—	$	2,739	$	2,739	$	3,308,684		3,311,423
Allowance for loan losses												12,181
Mortgage loans on real estate, net of allowance											$	3,299,242

Commercial mortgage loans placed on nonaccrual status are shown below (in thousands):

	September 30, 2014		December 31, 2013
Industrial	$	—	$	2,739

Total mortgage loans are net of unamortized discounts of $708,000 and $852,000 and unamortized origination fees of $16,378,000 and $15,709,000 at September 30, 2014 and December 31, 2013, respectively. No unearned income is included in these amounts.

Allowance for Credit Losses

Loans not evaluated individually for collectability are segregated by property-type and location, and allowance factors are applied. These factors are developed annually and reviewed quarterly based on our historical loss experience adjusted for the expected trend in the rate of foreclosure losses. Allowance factors are higher for loans of certain property types and in certain regions based on loss experience or a blended historical loss factor.

The change in allowance for credit losses in commercial mortgage loans is shown below (in thousands):

	Nine months ended September 30, 2014
	Collectively Evaluated for Impairment			Individually Evaluated for Impairment
Beginning balance, 2014	$	11,688		$	493
Change Due to Factor Development		(441	)		—
Change in allowance		775			5,090
Ending balance, 2014	$	12,022		$	5,583

At September 30, 2014 and December 31, 2013, the recorded investment for loans collectively evaluated for impairment was $3,279,133,000 and $3,294,235,000, respectively, and the recorded investment for loans individually evaluated for impairment was $57,024,000 and $17,188,000, respectively.

Loans individually evaluated for impairment with and without an allowance are shown below (in thousands):

	September 30, 2014				September 30, 2013
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
Three months ended
With an allowance recorded
Office	$	27,564	$	547	$	23,159	$	393
Retail		—		—		493		—
Total	$	27,564	$	547	$	23,652	$	393
Without an allowance recorded
Office	$	26,941	$	431	$	6,432	$	110
Industrial		2,702		36		—		—
Retail		851		11		—		—
Total	$	30,494	$	478	$	6,432	$	110
Nine months ended
With an allowance recorded
Office	$	29,421	$	1,663	$	23,234	$	1,192
Retail		—		—		493		—
Total	$	29,421	$	1,663	$	23,727	$	1,192
Without an allowance recorded
Office	$	27,019	$	1,298	$	6,439	$	331
Industrial		2,721		110		—		—
Retail		1,149		16		—		—
Total	$	30,889	$	1,424	$	6,439	$	331
	September 30, 2014				December 31, 2013
	Recorded Investment		Unpaid Principal Balance		Recorded Investment		Unpaid Principal Balance
With an allowance recorded
Office	$	26,662	$	27,947	$	—	$	—
Retail		—		—		493		493
Total	$	26,662	$	27,947	$	493	$	493
Without an allowance recorded
Office	$	26,941	$	26,941	$	12,377	$	12,377
Industrial		2,702		2,702		2,739		2,739
Retail		719		719		1,579		1,579
Total	$	30,362	$	30,362	$	16,695	$	16,695

Troubled Debt Restructurings

American National has granted concessions to mortgage loan borrowers related to their ability to pay the loans which are classified as troubled debt restructurings. Concessions are generally one of, or a combination of, a delay in payment of principal or interest, a reduction of the contractual interest rate or an extension of the maturity date. American National considers the amount, timing and extent of concessions in determining any impairment or changes in the specific allowance for loan losses recorded in connection with a troubled debt restructuring. The carrying value after specific allowance, before and after modification in a troubled debt restructuring, may not decrease significantly, or may increase if the expected recovery is higher than the pre-modification recovery assessment.

The number of mortgage loans and recorded investments in troubled debt restructuring are as follows (in thousands except for number of contracts):

	Nine months ended September 30,
	2014					2013
	Number of contracts	Recorded investment pre- modification		Recorded investment post modification		Number of contracts		Recorded investment pre- modification		Recorded investment post modification
Office	3	$	34,400	$	30,996		1	$	6,432	$	6,432

There were no commitments to lend additional funds to debtors whose loans have been modified in troubled debt restructuring. One restructured loan is in the process of foreclosure.

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Investments in Securities

9 Months Ended

Sep. 30, 2014

Investments, Debt and Equity Securities [Abstract]

Investments in Securities

4. INVESTMENTS IN SECURITIES

The cost or amortized cost and fair value of investments in securities are shown below (in thousands):

	September 30, 2014
	Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
Fixed maturity securities, bonds held-to-maturity
U.S. states and political subdivisions	$	327,022	$	25,144	$	(67	)	$	352,099
Foreign governments		29,122		1,641		—			30,763
Corporate debt securities		7,636,327		453,220		(40,292	)		8,049,255
Residential mortgage-backed securities		353,444		22,178		(1,921	)		373,701
Collateralized debt securities		2,236		223		—			2,459
Other debt securities		16,580		1,396		—			17,976
Total bonds held-to-maturity		8,364,731		503,802		(42,280	)		8,826,253
Fixed maturity securities, bonds available-for-sale
U.S. treasury and government		24,073		783		—			24,856
U.S. states and political subdivisions		746,801		33,661		(2,940	)		777,522
Foreign governments		5,000		1,900		—			6,900
Corporate debt securities		3,866,518		206,396		(16,342	)		4,056,572
Residential mortgage-backed securities		45,644		2,112		(754	)		47,002
Collateralized debt securities		12,199		1,175		(8	)		13,366
Total bonds available-for-sale		4,700,235		246,027		(20,044	)		4,926,218
Equity securities
Common stock		722,015		734,419		(3,791	)		1,452,643
Preferred stock		23,718		18,123		(13	)		41,828
Total equity securities		745,733		752,542		(3,804	)		1,494,471
Total investments in securities	$	13,810,699	$	1,502,371	$	(66,128	)	$	15,246,942

	December 31, 2013
	Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
Fixed maturity securities, bonds held-to-maturity
U.S. treasury and government	$	1,738	$	6	$	—		$	1,744
U.S. states and political subdivisions		346,240		16,945		(529	)		362,656
Foreign governments		29,099		2,505		—			31,604
Corporate debt securities		7,700,559		410,232		(116,900	)		7,993,891
Residential mortgage-backed securities		400,619		20,711		(2,647	)		418,683
Collateralized debt securities		2,366		225		—			2,591
Other debt securities		10,726		1,173		—			11,899
Total bonds held-to-maturity		8,491,347		451,797		(120,076	)		8,823,068
Fixed maturity securities, bonds available-for-sale
U.S. treasury and government		21,751		725		—			22,476
U.S. states and political subdivisions		630,199		22,118		(13,756	)		638,561
Foreign governments		5,000		1,649		—			6,649
Corporate debt securities		3,689,349		171,717		(54,033	)		3,807,033
Residential mortgage-backed securities		61,135		2,940		(1,068	)		63,007
Commercial mortgage-backed securities		18,223		11,037		—			29,260
Collateralized debt securities		13,884		1,320		(18	)		15,186
Other debt securities		16,850		679		(28	)		17,501
Total bonds available-for-sale		4,456,391		212,185		(68,903	)		4,599,673
Equity securities
Common stock		717,390		653,967		(2,362	)		1,368,995
Preferred stock		23,690		18,301		(378	)		41,613
Total equity securities		741,080		672,268		(2,740	)		1,410,608
Total investments in securities	$	13,688,818	$	1,336,250	$	(191,719	)	$	14,833,349

The amortized costs and fair values, by contractual maturity, of fixed maturity securities are shown below (in thousands):

	September 30, 2014
	Bonds Held-to-Maturity				Bonds Available-for-Sale
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due in one year or less	$	902,160	$	921,894	$	345,538	$	351,549
Due after one year through five years		2,046,277		2,257,421		855,878		932,247
Due after five years through ten years		4,988,483		5,196,155		3,029,503		3,154,290
Due after ten years		421,961		445,711		464,316		483,132
Without single maturity date		5,850		5,072		5,000		5,000
Total	$	8,364,731	$	8,826,253	$	4,700,235	$	4,926,218

Actual maturities differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Residential and commercial mortgage-backed securities, which are not due at a single maturity, have been allocated to their respective categories based on the year of final contractual maturity.

Proceeds from sales of available-for-sale securities, with the related gross realized gains and losses, are shown below (in thousands):

	Three months ended September 30 ,					Nine months ended September 30,
	2014		2013			2014			2013
Proceeds from sales of available-for-sale securities	$	2,671	$	33,390		$	139,137		$	189,438
Gross realized gains		228		10,349			24,994			33,699
Gross realized losses		—		(97	)		(2,123	)		(623	)

All gains and losses for securities sold throughout the periods presented were determined using specific identification of the securities sold. During the nine months ended September 30, 2014 and 2013, bonds with a carrying value of $44,781,000 and $13,492,000, respectively, were transferred from held-to-maturity to available-for-sale after a significant deterioration in the issuers’ creditworthiness became evident. An unrealized gain of $1,301,000 and unrealized loss of $263,000 were established in 2014 and 2013, respectively following the transfers at fair value.

Change in net unrealized gains (losses) on securities

The components of the change in net unrealized gains (losses) on securities are shown below (in thousands):

	Nine months ended September 30,
	2014			2013
Bonds available-for-sale	$	82,701		$	(163,493	)
Equity securities		79,211			165,613
Change in net unrealized gains (losses) on securities during the year		161,912			2,120
Adjustments for
Deferred policy acquisition costs		(17,175	)		46,643
Participating policyholders’ interest		(8,526	)		1,018
Deferred federal income tax benefit (expense)		(47,160	)		(18,212	)
Change in net unrealized gains (losses) on securities, net of tax	$	89,051		$	31,569

The gross unrealized losses and fair value of the investment securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are shown below (in thousands):

	September 30, 2014
	Less than 12 months					12 Months or more					Total
	Unrealized (Losses)			Fair Value		Unrealized (Losses)			Fair Value		Unrealized (Losses)			Fair Value
Fixed maturity securities, bonds held-to-maturity
U.S. states and political subdivisions	$	(2	)	$	588	$	(65	)	$	2,455	$	(67	)	$	3,043
Corporate debt securities		(7,727	)		511,249		(32,565	)		799,719		(40,292	)		1,310,968
Residential mortgage-backed securities		(225	)		18,589		(1,696	)		31,203		(1,921	)		49,792
Total bonds held-to-maturity		(7,954	)		530,426		(34,326	)		833,377		(42,280	)		1,363,803
Fixed maturity securities, bonds available-for-sale
U.S. Treasury & other U.S. Gov corporations and agencies		—			476		—			—		—			476
U.S. states and political subdivisions		(449	)		37,887		(2,491	)		79,485		(2,940	)		117,372
Corporate debt securities		(5,167	)		372,578		(11,175	)		338,870		(16,342	)		711,448
Residential mortgage-backed securities		(147	)		10,908		(607	)		13,835		(754	)		24,743
Collateralized debt securities		(1	)		117		(7	)		361		(8	)		478
Other Debt Securities		—			—		—			—		—			—
Total bonds available-for-sale		(5,764	)		421,966		(14,280	)		432,551		(20,044	)		854,517
Equity securities
Common stock		(3,791	)		37,132		—			—		(3,791	)		37,132
Preferred stock		(13	)		1,874		—			—		(13	)		1,874
Total equity securities		(3,804	)		39,006		—			—		(3,804	)		39,006
Total	$	(17,522	)	$	991,398	$	(48,606	)	$	1,265,928	$	(66,128	)	$	2,257,326
	December 31, 2013
	Less than 12 months					12 Months or more					Total
	Unrealized (Losses)			Fair Value		Unrealized (Losses)			Fair Value		Unrealized (Losses)			Fair Value
Fixed maturity securities, bonds held-to-maturity
U.S. states and political subdivisions	$	(529	)	$	22,430	$	—		$	—	$	(529	)	$	22,430
Corporate debt securities		(104,308	)		1,916,758		(12,592	)		109,603		(116,900	)		2,026,361
Residential mortgage-backed securities		(1,718	)		31,715		(929	)		13,514		(2,647	)		45,229
Total bonds held-to-maturity		(106,555	)		1,970,903		(13,521	)		123,117		(120,076	)		2,094,020
Fixed maturity securities, bonds available-for-sale
U.S. Treasury & other U.S. Gov corporations and agencies		—			725		—			—		—			725
U.S. states and political subdivisions		(13,271	)		168,093		(485	)		2,905		(13,756	)		170,998
Corporate debt securities		(49,198	)		1,083,677		(4,835	)		92,004		(54,033	)		1,175,681
Residential mortgage-backed securities		(978	)		16,835		(90	)		1,872		(1,068	)		18,707
Collateralized debt securities		(3	)		205		(15	)		587		(18	)		792
Other debt securities		(28	)		10,027		—			—		(28	)		10,027
Total bonds available-for-sale		(63,478	)		1,279,562		(5,425	)		97,368		(68,903	)		1,376,930
Equity securities
Common stock		(2,362	)		29,978		—			—		(2,362	)		29,978
Preferred stock		(378	)		6,123		—			—		(378	)		6,123
Total equity securities		(2,740	)		36,101		—			—		(2,740	)		36,101
Total	$	(172,773	)	$	3,286,566	$	(18,946	)	$	220,485	$	(191,719	)	$	3,507,051

As of September 30, 2014, the securities with unrealized losses were not deemed to be other-than-temporarily impaired, including those with the duration of the unrealized losses exceeding one year. American National has the ability and intent to hold those securities until a market price recovery or maturity. Further, it is not more-likely-than-not that American National will be required to sell them prior to recovery, and recovery is expected in a reasonable period of time. It is possible an issuer’s financial circumstances may be different in the future, which may lead to a different impairment conclusion in future periods.

Credit Risk Management

Bonds distributed by credit quality rating, using both S&P and Moody’s ratings, are shown below:

	September 30, 2014			December 31, 2013
AAA		4.9	%		4.9	%
AA		12.5			11.3
A		40.1			40.7
BBB		39.0			39.2
BB and below		3.5			3.9
Total		100.0	%		100.0	%

Equity securities by market sector distribution are shown below:

	September 30, 2014			December 31, 2013
Consumer goods		19.2	%		19.8	%
Energy and utilities		14.7			15.0
Financials		18.8			19.3
Healthcare		13.8			12.7
Industrials		8.4			9.0
Information technology		16.3			15.7
Other		8.8			8.5
Total		100.0	%		100.0	%

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Commitments and Contingencies

9 Months Ended

Sep. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

16. COMMITMENTS AND CONTINGENCIES

Commitments

American National had aggregate commitments at September 30, 2014, to purchase, expand or improve real estate, to fund fixed interest rate mortgage loans, and to purchase other invested assets of $452,166,000 of which $176,259,000 is expected to be funded in 2014. The remaining $275,907,000 will be funded in 2015 and beyond.

American National has a $100,000,000 short-term variable rate borrowing facility containing a $55,000,000 sub-feature for the issuance of letters of credit. Borrowings under the facility are at the discretion of the lender and would be used only for funding working capital requirements. The combination of borrowings and outstanding letters of credit cannot exceed $100,000,000 at any time. As of September 30, 2014 and December 31, 2013, the outstanding letters of credit were $12,191,000 and $15,560,000, respectively, and there were no borrowings on this facility. This facility expires on October 30, 2015. American National expects it will be renewed on substantially equivalent terms upon expiration.

Guarantees

American National has guaranteed bank loans for customers of a third-party marketing operation. The bank loans are used to fund premium payments on life insurance policies issued by American National. The loans are secured by the cash values of the life insurance policies. If the customer were to default on the bank loan, American National would be obligated to pay off the loans. As the cash values of the life insurance policies always equal or exceed the balance of the loans, management does not foresee any loss on these guarantees. The total amount of the guarantees outstanding as of September 30, 2014, was approximately $206,376,000, while the total cash values of the related life insurance policies was approximately $208,418,000.

Litigation

American National Insurance Company and certain subsidiaries, in common with the insurance industry in general, are defendants in various lawsuits concerning alleged breaches of contracts, various employment matters, allegedly deceptive insurance sales and marketing practices, and miscellaneous other causes of action arising in the ordinary course of operations. Certain of these lawsuits include claims for compensatory and punitive damages. We provide accruals for these items to the extent we deem the losses probable and reasonably estimable. After reviewing these matters with legal counsel, based upon information presently available, management is of the opinion that the ultimate resultant liability, if any, would not have a material adverse effect on American National’s consolidated financial position, liquidity or results of operations; however, assessing the eventual outcome of litigation necessarily involves forward-looking speculation as to judgments to be made by judges, juries and appellate courts in the future. Such speculation warrants caution, as the frequency of large damage awards, which bear little or no relation to the economic damages incurred by plaintiffs in some jurisdictions, continues to create the potential for an unpredictable judgment in any given lawsuit. These lawsuits are in various stages of development, and future facts and circumstances could result in management’s changing its conclusions. It is possible that, if the defenses in these lawsuits are not successful, and the judgments are greater than management can anticipate, the resulting liability could have a material impact on our consolidated financial position, liquidity or results of operations. With respect to the existing litigation, management currently believes that the possibility of a material judgment adverse to American National is remote and no estimate of range can be made for loss contingencies that are at least reasonably possible but not accrued.

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Federal Income Taxes

9 Months Ended

Sep. 30, 2014

Income Tax Disclosure [Abstract]

Federal Income Taxes

12. FEDERAL INCOME TAXES

A reconciliation of the effective tax rate to the statutory federal tax rate is shown below (in thousands, except percentages):

	Three months ended September 30,												Nine months ended September 30,
	2014						2013						2014						2013
	Amount			Rate			Amount			Rate			Amount			Rate			Amount			Rate
Income tax (benefit) on pre-tax income	$	33,171			35.0	%	$	42,302			35.0	%	$	82,308			35.0	%	$	93,527			35.0	%
Tax-exempt investment income		(1,742	)		(1.8	)		(1,502	)		(1.2	)		(4,897	)		(2.1	)		(4,700	)		(1.8	)
Dividend exclusion		(1,700	)		(1.8	)		(1,710	)		(1.4	)		(5,253	)		(2.2	)		(4,802	)		(1.8	)
Miscellaneous tax credits, net		(2,658	)		(2.8	)		(1,930	)		(1.6	)		(5,873	)		(2.5	)		(5,820	)		(2.2	)
Other items, net		(322	)		(0.3	)		(1,401	)		(1.2	)		(621	)		(0.3	)		(6,326	)		(2.3	)
	$	26,749			28.3	%	$	35,759			29.6	%	$	65,664			27.9	%	$	71,879			26.9	%

American National made federal tax payments of $41,121,000 during the nine months ended September 30, 2014 and $37,784,000 during the nine months ended September 30, 2013.

Management believes a sufficient level of taxable income will be achieved over time to utilize the deferred tax assets in the consolidated federal tax return; therefore, no valuation allowance was recorded as of September 30, 2014 and December 31, 2013. However, if not utilized beforehand, approximately $2,260,000 of ordinary loss tax carryforwards will expire on December 31, 2034.

The statute of limitations for the examination of federal income tax returns by the Internal Revenue Service for years 2006 to 2009 has been extended. In the opinion of management, all prior year deficiencies have been paid or adequate provisions have been made for any tax deficiencies that may be upheld. No provision for penalties was established, and no interest expense was incurred for 2014 or 2013, relating to uncertain tax positions. Management does not believe there are any uncertain tax benefits that could be recognized within the next twelve months that would decrease American National’s effective tax rate.

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Related Party Transactions - Related Party Transactions (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended								9 Months Ended
	Sep. 30, 2014 Gal-Tex Hotel Corporation [Member] Mortgage Loan on Real Estate Income Statement Effect [Member]	Sep. 30, 2013 Gal-Tex Hotel Corporation [Member] Mortgage Loan on Real Estate Income Statement Effect [Member]	Sep. 30, 2014 Gal-Tex Hotel Corporation [Member] Net Investment Income [Member]	Sep. 30, 2013 Gal-Tex Hotel Corporation [Member] Net Investment Income [Member]	Sep. 30, 2014 Gal-Tex Hotel Corporation [Member] Mortgage Loan On Real Estate [Member]	Dec. 31, 2013 Gal-Tex Hotel Corporation [Member] Mortgage Loan On Real Estate [Member]	Sep. 30, 2014 Gal-Tex Hotel Corporation [Member] Net Investment Income Accrual [Member]	Dec. 31, 2013 Gal-Tex Hotel Corporation [Member] Net Investment Income Accrual [Member]	Sep. 30, 2014 Greer, Herz and Adams, LLP [Member] Other Operating Expenses [Member]	Sep. 30, 2013 Greer, Herz and Adams, LLP [Member] Other Operating Expenses [Member]	Sep. 30, 2014 Greer, Herz and Adams, LLP [Member] Other Operating Expenses Accrual [Member]	Dec. 31, 2013 Greer, Herz and Adams, LLP [Member] Other Operating Expenses Accrual [Member]
Related Party Transaction [Line Items]
Dollar amount of transactions	$ 917	$ 853	$ 399	$ 463					$ 8,037	$ 7,484
Amount due to/(from) American National					$ 6,825	$ 7,742	$ 41	$ 47			$ (404)	$ (284)

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Net Investment Income and Realized Investment Gains (Losses)

9 Months Ended

Sep. 30, 2014

Text Block [Abstract]

Net Investment Income and Realized Investment Gains (Losses)

8. NET INVESTMENT INCOME AND REALIZED INVESTMENT GAINS (LOSSES)

Net investment income is shown below (in thousands):

	Three months ended September 30,				Nine months ended September 30,
	2014		2013		2014		2013
Bonds	$	148,715	$	157,888	$	450,110	$	479,296
Equity securities		8,146		7,417		26,488		22,653
Mortgage loans		51,652		55,629		159,010		163,497
Real estate		14,245		11,297		11,347		10,228
Options		6,562		13,260		29,011		48,019
Other invested assets		7,169		8,845		21,638		28,795
Total	$	236,489	$	254,336	$	697,604	$	752,488

Realized investment gains (losses) are shown below (in thousands):

	Three months ended September 30,						Nine months ended September 30,
	2014			2013			2014			2013
Bonds	$	1,925		$	9,907		$	21,837		$	16,826
Equity securities		229			10,149			10,293			30,668
Mortgage loans		(1,551	)		(1,561	)		(5,424	)		(1,172	)
Real estate		(1,242	)		25,311			1,787			61,257
Other invested assets		(10	)		(11	)		(945	)		(106	)
Total	$	(649	)	$	43,795		$	27,548		$	107,473

The other-than-temporary-impairment losses are shown below (in thousands):

	Three months ended September 30,						Nine months ended September 30,
	2014			2013			2014			2013
Bonds	$	—		$	—		$	(41	)	$	—
Equity securities		(1,608	)		(312	)		(3,004	)		(3,503	)
Total	$	(1,608	)	$	(312	)	$	(3,045	)	$	(3,503	)

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Investment Real Estate - Carrying Amount and Maximum Exposure to Loss Related to VIEs (Detail) (Variable Interest Entity, Not Primary Beneficiary [Member], USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Mortgage Loans on Real Estate [Member]
Variable Interest Entity [Line Items]
Carrying Amount	$ 153,626	$ 101,648
Maximum Exposure to Loss	153,626	101,648
Investments in Unconsolidated Affiliates [Member]
Variable Interest Entity [Line Items]
Carrying Amount	195,794	195,794
Maximum Exposure to Loss	195,794	195,794
Accrued Investment Income [Member]
Variable Interest Entity [Line Items]
Carrying Amount	617	454
Maximum Exposure to Loss	$ 617	$ 454

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Investment Real Estate

9 Months Ended

Sep. 30, 2014

Real Estate [Abstract]

Investment Real Estate

6. INVESTMENT REAL ESTATE

Investment real estate by property-type and geographic distribution are as follows:

	September 30, 2014			December 31, 2013
Industrial		13.8	%		12.3	%
Office		20.7			23.1
Retail		46.4			43.4
Other		19.1			21.2
Total		100.0	%		100.0	%
	September 30, 2014			December 31, 2013
East North Central		4.8	%		7.8	%
East South Central		4.8			5.4
Mountain		6.5			6.0
Pacific		7.4			5.5
South Atlantic		12.7			13.4
West South Central		57.1			59.0
Other		6.7			2.9
Total		100.0	%		100.0	%

American National regularly invests in real estate partnerships and joint ventures. American National frequently participates in the design of these entities with the sponsor, but in most cases, its involvement is limited to financing. Through analysis performed by American National, some of these partnerships and joint ventures have been determined to be variable interest entities (“VIEs”). In certain instances, in addition to an economic interest in the entity, American National holds the power to direct the most significant activities of the entity and is deemed the primary beneficiary or consolidator of the entity. The assets of the consolidated VIEs are restricted and must first be used to settle their liabilities. Creditors or beneficial interest holders of these VIEs have no recourse to the general credit of American National, as American National’s obligation is limited to the amount of its committed investment. American National has not provided financial or other support to the VIEs in the form of liquidity arrangements, guarantees, or other commitments to third parties that may affect the fair value or risk of its variable interest in the VIEs in 2014 or 2013.

The assets and liabilities relating to the VIEs included in the consolidated financial statements are as follows (in thousands):

	September 30, 2014		December 31, 2013
Investment real estate	$	138,994	$	123,624
Cash and cash equivalents		1,761		2,154
Accrued investment income		412		2,197
Other receivables		7,986		8,488
Other assets		5,686		6,016
Total assets of consolidated VIEs	$	154,839	$	142,479
Notes payable	$	109,349	$	113,849
Other liabilities		4,595		6,680
Total liabilities of consolidated VIEs	$	113,944	$	120,529

The notes payable in the consolidated statements of financial position pertain to the borrowings of the consolidated VIEs. The liability of American National Insurance Company relating to notes payable of the consolidated VIEs is limited to the amount of its direct or indirect investment in the respective ventures, which totaled $14,948,000 and $12,782,000 at September 30, 2014 and December 31, 2013, respectively. The current portion of notes payable was $543,000 and $3,199,000 at September 30, 2014 and December 31, 2013, respectively. The average interest rate on the current portion of the notes payable was 4.25% during 2014. The total long-term portion of notes payable consists of three notes with the following interest rates: 4.0 %, and adjusted LIBOR plus 1.0%. Of the long-term notes payable, $9,375,000 will mature in 2016, with the remainder maturing beyond 5 years.

For other VIEs in which American National invests, it is not the primary beneficiary and these entities were not consolidated, as the major decisions that most significantly impact the economic activities of the VIE require unanimous consent of all owners. The following table presents the carrying amount and maximum exposure to loss relating to unconsolidated VIEs (in thousands):

	September 30, 2014				December 31, 2013
	Carrying Amount		Maximum Exposure to Loss		Carrying Amount		Maximum Exposure to Loss
Investment in unconsolidated affiliates	$	195,794	$	195,794	$	195,794	$	195,794
Mortgage loans		153,626		153,626		101,648		101,648
Accrued investment income		617		617		454		454

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Derivative Instruments

9 Months Ended

Sep. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments

7. DERIVATIVE INSTRUMENTS

American National purchases over-the-counter equity-indexed options as economic hedges against fluctuations in the equity markets to which equity-indexed policies are exposed. Equity-indexed policies include a fixed host universal-life insurance or annuity policy and an equity-indexed embedded derivative. The detail of derivative instruments is shown below (in thousands, except the number of instruments):

		September 30, 2014						December 31, 2013
Derivatives Not Designated as Hedging Instruments	Location in the Consolidated Statements of Financial Position	Number of Instruments		Notional Amounts		Estimated Fair Value		Number of Instruments		Notional Amounts		Estimated Fair Value
Equity-indexed options	Other invested assets		416	$	1,034,600	$	170,343		394	$	951,400	$	164,753
Equity-indexed embedded derivative	Policyholders’ account balances		39,723		957,600		191,760		33,579		819,200		148,435

Derivatives Not Designated as Hedging Instruments	Location in the Consolidated Statements of Operations	Gains (Losses) Recognized in Income on Derivatives
		Three months ended September 30,						Nine months ended September 30,
		2014			2013			2014			2013
Equity-indexed options	Net investment income	$	6,562		$	13,260		$	29,011		$	48,019
Equity-indexed embedded derivative	Interest credited to policyholders’ account balances		(1,762	)		(11,056	)		(16,484	)		(39,750	)

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Fair Value of Financial Instruments

9 Months Ended

Sep. 30, 2014

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

9. FAIR VALUE OF FINANCIAL INSTRUMENTS

The carrying amount and fair value of financial instruments are shown below (in thousands):

	September 30, 2014				December 31, 2013
	Carrying				Carrying
	Amount		Fair Value		Amount		Fair Value
Financial assets
Fixed maturity securities, bonds held-to-maturity	$	8,364,731	$	8,826,253	$	8,491,347	$	8,823,068
Fixed maturity securities, bonds available-for-sale		4,926,218		4,926,218		4,599,673		4,599,673
Equity securities		1,494,471		1,494,471		1,410,608		1,410,608
Equity-indexed options		170,343		170,343		164,753		164,753
Mortgage loans on real estate, net of allowance		3,318,552		3,515,463		3,299,242		3,470,663
Policy loans		404,705		404,705		397,407		397,407
Short-term investments		346,343		346,343		495,386		495,386
Separate account assets		992,615		992,615		970,954		970,954
Total financial assets	$	20,017,978	$	20,676,411	$	19,829,370	$	20,332,512
Financial liabilities
Investment contracts	$	9,039,356	$	9,039,356	$	9,423,122	$	9,423,122
Embedded derivative liability for equity-indexed contracts		191,760		191,760		148,435		148,435
Notes payable		109,349		109,349		113,849		113,849
Separate account liabilities		992,615		992,615		970,954		970,954
Total financial liabilities	$	10,333,080	$	10,333,080	$	10,656,360	$	10,656,360

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability. A fair value hierarchy is used to determine fair value based on a hypothetical transaction at the measurement date from the perspective of a market participant. American National has evaluated the types of securities in its investment portfolio to determine an appropriate hierarchy level based upon trading activity and the observability of market inputs. The classification of assets or liabilities within the fair value hierarchy is based on the lowest level of significant input to its valuation. The input levels are defined as follows:

Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2 Quoted prices in markets that are not active or inputs that are observable directly or indirectly. Level 2 inputs include quoted prices for similar assets or liabilities other than quoted prices in Level 1; quoted prices in markets that are not active; or other inputs that are observable or can be derived principally from or corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 Unobservable inputs that are supported by little or no market activity and are significant to the fair value of the assets or liabilities. Unobservable inputs reflect American National’s own assumptions about the assumptions that market participants would use in pricing the asset or liability. Level 3 assets and liabilities include financial instruments whose values are determined using pricing models and third-party evaluation, as well as instruments for which the determination of fair value requires significant management judgment or estimation.

Fixed Maturity Securities and Equity Options—American National utilizes a pricing service to estimate fair value measurements. The estimates of fair value for most fixed maturity securities, including municipal bonds, provided by the pricing service are disclosed as Level 2 measurements as the estimates are based on observable market information rather than market quotes.

The pricing service utilizes market quotations for fixed maturity securities that have quoted prices in active markets. Since fixed maturity securities generally do not trade on a daily basis, the pricing service prepares estimates of fair value measurements for these securities using its proprietary pricing applications, which include available relevant market information, benchmark curves, benchmarking of like securities, sector groupings and matrix pricing. Additionally, an option adjusted spread model is used to develop prepayment and interest rate scenarios.

The pricing service evaluates each asset class based on relevant market information, credit information, perceived market movements and sector news. The market inputs utilized in the pricing evaluation, listed in the approximate order of priority, include: benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers, reference data, and economic events. The extent of the use of each market input depends on the asset class and the market conditions. Depending on the security, the priority of the use of inputs may change or some market inputs may not be relevant. For some securities, additional inputs may be necessary.

American National has reviewed the inputs and methodology used and the techniques applied by the pricing service to produce quotes that represent the fair value of a specific security. The review confirms that the pricing service is utilizing information from observable transactions or a technique that represents a market participant’s assumptions. American National does not adjust quotes received from the pricing service. The pricing service utilized by American National has indicated that they will produce an estimate of fair value only if there is objectively verifiable information available.

American National holds a small amount of private placement debt and fixed maturity securities that have characteristics that make them unsuitable for matrix pricing. For these securities, a quote from an independent broker (typically a market maker) is obtained. Due to the disclaimers on the quotes that indicate that the price is indicative only, American National includes these fair value estimates in Level 3.

For securities priced using a quote from an independent broker, such as the equity options and certain fixed maturity securities, American National uses a market-based fair value analysis to validate the reasonableness of prices received from an independent broker. Price variances above a certain threshold are analyzed further to determine if any pricing issue exists. This analysis is performed quarterly.

Equity Securities—For publicly-traded equity securities, prices are received from a nationally recognized pricing service that are based on observable market transactions, and these securities are classified as Level 1 measurements. For certain preferred stock, current market quotes in active markets are unavailable. In these instances, an estimate of fair value is received from the pricing service. The service utilizes similar methodologies to price preferred stocks as it does for fixed maturity securities. These estimates are disclosed as Level 2 measurements. American National tests the accuracy of the information provided by reference to other services regularly.

Mortgage Loans—The estimated fair value of mortgage loans is determined on a loan by loan basis by applying a discount rate to expected cash flows from future installment and balloon payments. The discount rate takes into account general market trends and specific credit risk trends for the individual loan. Factors used to arrive at the discount rate include inputs from spreads based on U.S. Treasury notes and the loan’s credit quality, region, property type, lien priority, payment type and current status.

Embedded Derivative—The embedded derivative liability for equity-indexed contracts is measured at fair value and is recalculated each reporting period using equity option pricing models. To validate the assumptions used to price the embedded derivative liability, American National measures and compares embedded derivative returns against the returns of equity options held to hedge the liability cash flows.

The significant unobservable input used to calculate the fair value of the embedded derivatives is equity option implied volatility. An increase in implied volatility will result in an increase in the value of the equity-indexed embedded derivatives, all other things being equal. At September 30, 2014 and December 31, 2013, the one year implied volatility used to estimate embedded derivative value was 16.0% and 15.0%, respectively.

Other Financial Instruments—Other financial instruments classified as Level 3 measurements, as there is little or no market activity, are as follows:

Policy loans—The carrying value of policy loans is the outstanding balance plus any accrued interest. Due to the collateralized nature of policy loans, that it cannot be separated from the policy contract and the unpredictable timing of repayments and that settlement is at outstanding value, American National believes the carrying value of policy loans approximates fair value.

Investment contracts —The carrying value of investment contracts is equivalent to the accrued account balance. The accrued account balance consists of deposits, net of withdrawals, plus or minus interest credited, fees and charges assessed and other adjustments. American National believes that the carrying value of investment contracts approximates fair value because the majority of these contracts’ interest rates reset to current rates offered at anniversary.

Notes payable—Notes payable are carried at outstanding principal balance. The carrying value of the notes payable approximates fair value because the underlying interest rates approximate market rates at the balance sheet date.

Quantitative Disclosures

The fair value hierarchy measurements of the financial instruments are shown below (in thousands):

	Fair Value Measurement as of September 30, 2014
	Total Fair Value		Level 1		Level 2		Level 3
Financial assets
Fixed maturity securities, bonds held-to-maturity
U.S. states and political subdivisions	$	352,099	$	—	$	352,099	$	—
Foreign governments		30,763		—		30,763		—
Corporate debt securities		8,049,255		—		7,998,901		50,354
Residential mortgage-backed securities		373,701		—		372,724		977
Collateralized debt securities		2,459		—		—		2,459
Other debt securities		17,976		—		13,113		4,863
Total bonds held-to-maturity		8,826,253		—		8,767,600		58,653
Fixed maturity securities, bonds available-for-sale
U.S. treasury and government		24,856		—		24,856		—
U.S. states and political subdivisions		777,522		—		775,012		2,510
Foreign governments		6,900		—		6,900		—
Corporate debt securities		4,056,572		—		4,021,030		35,542
Residential mortgage-backed securities		47,002		—		45,076		1,926
Collateralized debt securities		13,366		—		11,200		2,166
Total bonds available-for-sale		4,926,218		—		4,884,074		42,144
Equity securities
Common stock		1,452,643		1,452,643		—		—
Preferred stock		41,828		41,828		—		—
Total equity securities		1,494,471		1,494,471		—		—
Options		170,343		—		—		170,343
Mortgage loans on real estate		3,515,463		—		3,515,463		—
Policy loans		404,705		—		—		404,705
Short-term investments		346,343		—		346,343		—
Separate account assets		992,615		—		992,615		—
Total financial assets	$	20,676,411	$	1,494,471	$	18,506,095	$	675,845
Financial liabilities
Investment contracts	$	9,039,356	$	—	$	—	$	9,039,356
Embedded derivative liability for equity-indexed contracts		191,760		—		—		191,760
Notes payable		109,349		—		—		109,349
Separate account liabilities		992,615		—		992,615		—
Total financial liabilities	$	10,333,080	$	—	$	992,615	$	9,340,465

	Fair Value Measurement as of December 31, 2013
	Total Fair Value		Level 1		Level 2		Level 3
Financial assets
Fixed maturity securities, bonds held-to-maturity
U.S. treasury and government	$	1,744	$	—	$	1,744	$	—
U.S. states and political subdivisions		362,656		—		362,656		—
Foreign governments		31,604		—		31,604		—
Corporate debt securities		7,993,891		—		7,950,418		43,473
Residential mortgage-backed securities		418,683		—		417,688		995
Collateralized debt securities		2,591		—		—		2,591
Other debt securities		11,899		—		11,899		—
Total bonds held-to-maturity		8,823,068		—		8,776,009		47,059
Fixed maturity securities, bonds available-for-sale
U.S. treasury and government		22,476		—		22,476		—
U.S. states and political subdivisions		638,561		—		636,041		2,520
Foreign governments		6,649		—		6,649		—
Corporate debt securities		3,807,033		—		3,794,809		12,224
Residential mortgage-backed securities		63,007		—		60,841		2,166
Commercial mortgage-backed securities		29,260		—		—		29,260
Collateralized debt securities		15,186		—		13,052		2,134
Other debt securities		17,501		—		17,501		—
Total bonds available-for-sale		4,599,673		—		4,551,369		48,304
Equity securities
Common stock		1,368,995		1,368,995		—		—
Preferred stock		41,613		41,613		—		—
Total equity securities		1,410,608		1,410,608		—		—
Options		164,753		—		—		164,753
Mortgage loans on real estate		3,470,663		—		3,470,663		—
Policy loans		397,407		—		—		397,407
Short-term investments		495,386		—		495,386		—
Separate account assets		970,954		—		970,954		—
Total financial assets	$	20,332,512	$	1,410,608	$	18,264,381	$	657,523
Financial liabilities
Investment contracts	$	9,423,122	$	—	$	—	$	9,423,122
Embedded derivative liability for equity-indexed contracts		148,435		—		—		148,435
Notes payable		113,849		—		—		113,849
Separate account liabilities		970,954		—		970,954		—
Total financial liabilities	$	10,656,360	$	—	$	970,954	$	9,685,406

For financial instruments measured at fair value on a recurring basis using Level 3 inputs during the period, a reconciliation of the beginning and ending balances is shown below (in thousands):

	Level 3
	Three months ended September 30,									Nine months ended September 30,
	Assets						Liability			Assets						Liability
				Equity-									Equity-
	Investment			Indexed			Embedded			Investment			Indexed			Embedded
	Securities			Options			Derivative			Securities			Options			Derivative
Beginning balance, 2014	$	11,932		$	163,861		$	186,261		$	48,304		$	164,753		$	148,435
Total realized and unrealized investment gains/losses included in other comprehensive income		138			—			—			(11,735	)		—			—
Net fair value change included in realized gains/losses		—			—			—			13,056			—			—
Net gain (loss) for derivatives included in net investment income		—			4,998			—			—			23,788			—
Net change included in interest credited		—			—			1,762			—			—			16,484
Purchases, sales and settlements or maturities
Purchases		—			3,655			—			—			12,345			—
Sales		(120	)		—			—			(37,670	)		—			—
Settlements or maturities		(5	)		(2,171	)		—			(10	)		(30,543	)		—
Premiums less benefits								3,737									26,841
Gross transfers into Level 3		30,199			—			—			30,199			—			—
Gross transfers out of Level 3		—			—			—			—			—			—
Ending balance September 30, 2014	$	42,144		$	170,343		$	191,760		$	42,144		$	170,343		$	191,760
Beginning balance, 2013	$	55,558		$	115,558		$	100,963		$	107,036		$	82,625		$	75,032
Total realized and unrealized investment gains/losses included in other comprehensive income		(633	)		—			—			10,496			—			—
Net fair value change included in realized gains/losses		(1	)		—			—			218			—			—
Net gain (loss) for derivatives included in net investment income		—			11,775			—			—			42,941			—
Net change included in interest credited		—			—			11,056			—			—			39,750
Purchases, sales and settlements or maturities
Purchases		45			4,470			—			2,115			12,178			—
Sales		(138	)		—			—			(14,272	)		—			—
Settlements or maturities		—			(2,054	)		—			—			(7,995	)		—
Premiums less benefits		—			—			(730	)		—			—			(3,493	)
Gross transfers into Level 3		157			—			—			157			—			—
Gross transfers out of Level 3		(2,840	)		—			—			(53,602	)		—			—
Ending balance September 30, 2013	$	52,148		$	129,749		$	111,289		$	52,148		$	129,749		$	111,289

Within the net gain (loss) for derivatives included in net investment income were unrealized gain/(loss) of $7,395,000 and $39,652,000 relating to assets still held at September 30, 2014 and 2013, respectively.

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Net Investment Income and Realized Investment Gains (Losses) - Summary of Realized Investment Gains (Losses) and Other than Temporary Impairment Losses (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Gain (Loss) on Investments [Line Items]
Realized investment gains (losses)	$ (649)	$ 43,795	$ 27,548	$ 107,473
Other-than-temporary impairment losses	(1,608)	(312)	(3,045)	(3,503)
Bonds Available-for-Sale [Member]
Gain (Loss) on Investments [Line Items]
Realized investment gains (losses)	1,925	9,907	21,837	16,826
Other-than-temporary impairment losses			(41)
Equity Securities [Member]
Gain (Loss) on Investments [Line Items]
Realized investment gains (losses)	229	10,149	10,293	30,668
Other-than-temporary impairment losses	(1,608)	(312)	(3,004)	(3,503)
Mortgage Loans on Real Estate [Member]
Gain (Loss) on Investments [Line Items]
Realized investment gains (losses)	(1,551)	(1,561)	(5,424)	(1,172)
Real Estate [Member]
Gain (Loss) on Investments [Line Items]
Realized investment gains (losses)	(1,242)	25,311	1,787	61,257
Other Invested Assets [Member]
Gain (Loss) on Investments [Line Items]
Realized investment gains (losses)	$ (10)	$ (11)	$ (945)	$ (106)

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Related Party Transactions - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2014
Parent Company [Member] | Moody Foundation [Member]
Related Party Transaction [Line Items]
Ownership percentage in mortgage loans	22.90%
Parent Company [Member] | Libbie Shearn Moody Trust [Member]
Related Party Transaction [Line Items]
Ownership percentage in mortgage loans	37.10%
Gal-Tex Hotel Corporation [Member]
Related Party Transaction [Line Items]
Interest rate on mortgage loans	7.30%
Due date of mortgage loans receivable	Apr. 01, 2019
Gal-Tex Hotel Corporation [Member] | Moody Foundation [Member]
Related Party Transaction [Line Items]
Ownership percentage in mortgage loans	34.00%
Gal-Tex Hotel Corporation [Member] | Libbie Shearn Moody Trust [Member]
Related Party Transaction [Line Items]
Ownership percentage in mortgage loans	50.20%

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Fair Value of Financial Instruments - Additional Information (Detail) (USD $)	9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Fair Value Disclosures [Abstract]
Volatility rate used to estimate derivative values	16.00%		15.00%
Unrealized gain (loss) relating to assets still held and included in net investment income	$ 7,395,000	$ 39,652,000

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Net Investment Income and Realized Investment Gains (Losses) - Summary of Net Investment Income (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Net Investment Income [Line Items]
Net Investment Income, Total	$ 236,489	$ 254,336	$ 697,604	$ 752,488
Bonds Available-for-Sale [Member]
Net Investment Income [Line Items]
Net Investment Income, Total	148,715	157,888	450,110	479,296
Equity Securities [Member]
Net Investment Income [Line Items]
Net Investment Income, Total	8,146	7,417	26,488	22,653
Mortgage Loans on Real Estate [Member]
Net Investment Income [Line Items]
Net Investment Income, Total	51,652	55,629	159,010	163,497
Real Estate [Member]
Net Investment Income [Line Items]
Net Investment Income, Total	14,245	11,297	11,347	10,228
Options [Member]
Net Investment Income [Line Items]
Net Investment Income, Total	6,562	13,260	29,011	48,019
Other Invested Assets [Member]
Net Investment Income [Line Items]
Net Investment Income, Total	$ 7,169	$ 8,845	$ 21,638	$ 28,795

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Federal Income Taxes (Tables)

9 Months Ended

Sep. 30, 2014

Income Tax Disclosure [Abstract]

Effective Income Tax Reconciliation

A reconciliation of the effective tax rate to the statutory federal tax rate is shown below (in thousands, except percentages):

	Three months ended September 30,												Nine months ended September 30,
	2014						2013						2014						2013
	Amount			Rate			Amount			Rate			Amount			Rate			Amount			Rate
Income tax (benefit) on pre-tax income	$	33,171			35.0	%	$	42,302			35.0	%	$	82,308			35.0	%	$	93,527			35.0	%
Tax-exempt investment income		(1,742	)		(1.8	)		(1,502	)		(1.2	)		(4,897	)		(2.1	)		(4,700	)		(1.8	)
Dividend exclusion		(1,700	)		(1.8	)		(1,710	)		(1.4	)		(5,253	)		(2.2	)		(4,802	)		(1.8	)
Miscellaneous tax credits, net		(2,658	)		(2.8	)		(1,930	)		(1.6	)		(5,873	)		(2.5	)		(5,820	)		(2.2	)
Other items, net		(322	)		(0.3	)		(1,401	)		(1.2	)		(621	)		(0.3	)		(6,326	)		(2.3	)
	$	26,749			28.3	%	$	35,759			29.6	%	$	65,664			27.9	%	$	71,879			26.9	%

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Mortgage Loans - Age Analysis of Past Due Commercial Mortgage Loans (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due
60-89 Days Past Due
Greater Than 90 Days		2,739
Total Past Due		2,739
Current	3,336,157	3,308,684
Total Mortgage Loans	3,336,157	3,311,423
Allowance for loan losses	17,605	12,181
Mortgage loans on real estate, net of allowance	3,318,552	3,299,242
Industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due
60-89 Days Past Due
Greater Than 90 Days		2,739
Total Past Due		2,739
Current	705,801	821,741
Total Mortgage Loans	705,801	824,480
Office [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due
60-89 Days Past Due
Greater Than 90 Days
Total Past Due
Current	1,191,525	1,124,818
Total Mortgage Loans	1,191,525	1,124,818
Retail [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due
60-89 Days Past Due
Greater Than 90 Days
Total Past Due
Current	610,335	651,236
Total Mortgage Loans	610,335	651,236
Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due
60-89 Days Past Due
Greater Than 90 Days
Total Past Due
Current	828,496	710,889
Total Mortgage Loans	$ 828,496	$ 710,889

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Stockholders' Equity and Noncontrolling Interests

9 Months Ended

Sep. 30, 2014

Equity [Abstract]

Stockholders' Equity and Noncontrolling Interests

14. STOCKHOLDERS’ EQUITY AND NONCONTROLLING INTERESTS

American National has one class of common stock with a par value of $1.00 per share and 50,000,000 authorized shares. The amounts outstanding at the dates indicated are shown below:

	September 30,			December 31,
	2014			2013
Common stock
Shares issued		30,832,449			30,832,449
Treasury shares		(3,960,507	)		(3,937,261	)
Outstanding shares		26,871,942			26,895,188
Restricted shares		(142,667	)		(190,667	)
Unrestricted outstanding shares		26,729,275			26,704,521

Stock-based compensation

American National has one stock-based compensation plan, which allows for grants of Non-Qualified Stock Options, Stock Appreciation Rights (“SAR”), Restricted Stock (“RS”) Awards, Restricted Stock Units (“RSU”), Performance Awards, Incentive Awards or any combination thereof. This plan is administered by the American National Board Compensation Committee. The Board Compensation Committee makes incentive awards under this plan to our executives after meeting established performance objectives. All awards are subject to review by the Board of Directors, both when setting applicable performance objectives and at the payment of the awards. The number of shares available for grants under the plan cannot exceed 2,900,000, and no more than 200,000 shares may be granted to any one individual in any calendar year. Grants are made to certain officers and directors as compensation and to align their interests with those of other shareholders.

SAR, RS and RSU information for the periods indicated is shown below:

	SAR					RS Shares					RS Units
	Shares			Weighted- Average Grant Date Fair Value		Shares			Weighted- Average Grant Date Fair Value		Units			Weighted- Average Grant Date Fair Value
Outstanding at December 31, 2013		74,435		$	114.08		190,667		$	107.54		121,369		$	76.23
Granted		—			—		—			—		66,383			113.49
Exercised		(2,817	)		95.58		(48,000	)		108.00		(59,438	)		76.53
Forfeited		—			—		—			—		(100	)		113.49
Expired		(15,279	)		115.23		—			—		—			—
Outstanding at September 30, 2014		56,339		$	114.69		142,667		$	107.39		128,214		$	95.82

	SAR			RS Shares		RS Units
Weighted-average contractual remaining life (in years)		2.0			4.1		2.0
Exercisable shares
Weighted-average exercise price	$	114.69		$	107.39	$	95.82
Weighted-average exercise price exercisable shares		114.78			N/A		N/A
Compensation expense (credits)
Three months ended September 30, 2014	$	(19,000	)	$	496,000	$	522,000
Three months ended September 30, 2013		87,000			674,000		409,000
Nine months ended September 30, 2014		(33,000	)		2,577,000		6,447,000
Nine months ended September 30, 2013		160,000			1,703,000		8,692,000
Fair value of liability award
September 30, 2014	$	157,000			N/A	$	15,039,000
December 31, 2013		376,000			N/A		15,018,000

The SARs give the holder the right to cash compensation based on the difference between the price of a share of stock on the grant date and the price on the exercise date. The SARs vest at a rate of 20% per year for five years and expire five years after vesting.

RS Awards entitle the participant to full dividend and voting rights. Each award has the value of one share of restricted stock and vests 10 years from the grant date. Unvested shares are restricted as to disposition, and are subject to forfeiture under certain circumstances. Compensation expense is recognized over the vesting period. The restrictions on these awards lapse after 10 years and these awards generally feature a graded vesting schedule in the case of the retirement of an award holder. Restricted stock for 350,334 shares has been granted at an exercise price of zero, of which 142,667 shares are unvested.

Effective December 31, 2012, the settlement provision within outstanding RSU awards was modified to allow the recipient of the awards to settle the vested RSUs in either cash or American National’s common stock. This change in the settlement provision is expected to apply to all future issuance of RSU awards. Prior to the modification, vested RSUs were converted to American National’s common stock on a one-for-one basis. This modification changes the award classification from equity to liability award. At the date of modification, American National recorded a liability of $7,974,000 with a corresponding reduction in additional paid-in capital. The liability will be remeasured and adjusted for changes in the fair value each reporting period through the vesting date. RSUs generally vest after a three-year graded vesting requirement. Certain awards vest over a shorter period as a result of retirement provisions. The modification, which was applied consistently to all participants, resulted in an incremental cost of $5,310,000 for the nine months ended September 30, 2014 and added an incremental cost of $2,947,000 during the nine months ended September 30, 2013.

Earnings per share

Basic earnings per share were calculated using a weighted average number of shares outstanding. The Restricted Stock awards and units resulted in diluted earnings per share as follows (in thousands, except for share and per share data):

	Three months ended September 30,				Nine months ended September 30,
	2014		2013		2014		2013
Weighted average shares outstanding		26,805,535		26,780,313		26,800,835		26,789,564
Incremental shares from RS awards and RSUs		105,972		124,780		118,579		120,453
Total shares for diluted calculations		26,911,507		26,905,093		26,919,414		26,910,017
Net income (loss) attributable to American National	$	67,884	$	82,613	$	178,023	$	200,753
Basic earnings per share	$	2.53	$	3.08	$	6.64	$	7.49
Diluted earnings per share		2.52		3.07		6.61		7.46

Statutory Capital and Surplus

Risk Based Capital (“RBC”) requirements are measures insurance regulators use to evaluate the capital adequacy of American National Insurance Company and its insurance subsidiaries. RBC is calculated using formulas applied to certain financial balances and activities that consider, among other things, risks related to the type and quality of the invested assets, insurance risks associated with an insurer’s products and liabilities, interest rate risks and general business risks. Insurance companies that do not maintain capital and surplus at a level at least 200% of the authorized control level RBC are required to take certain actions. At September 30, 2014 and December 31, 2013, American National Insurance Company’s statutory capital and surplus was $2,842,984,000 and $2,667,858,000, respectively. Additionally, each of the insurance subsidiaries had statutory capital and surplus at September 30, 2014 and December 31, 2013, substantially above each subsidiary’s authorized control level RBC.

American National’s insurance subsidiaries prepare statutory-basis financial statements in accordance with statutory accounting practices prescribed or permitted by the insurance department of the state of domicile, which include certain components of the National Association of Insurance Commissioners’ Codification of Statutory Accounting Principles (“NAIC Codification”). NAIC Codification is intended to standardize regulatory accounting and reporting to state insurance departments. However, statutory accounting practices continue to be established by individual state laws and permitted practices. Modifications by the various state insurance departments may impact the statutory capital and surplus of American National Insurance Company and its insurance subsidiaries.

Statutory accounting differs from GAAP primarily by charging policy acquisition costs to expense as incurred, establishing future policy benefit liabilities using different actuarial assumptions, and valuing securities on a different basis. In addition, certain assets are not admitted under statutory accounting principles and are charged directly to surplus.

One of American National’s insurance subsidiaries has been granted a permitted practice from the Missouri Department of Insurance to record as the valuation of its investment in a wholly-owned subsidiary that is the attorney-in-fact for a Texas domiciled insurer, the statutory capital and surplus of the Texas domiciled insurer. This permitted practice increases the statutory capital and surplus of both American National Insurance Company and the Missouri domiciled insurance subsidiary by $60,732,000 and $56,205,000 at September 30, 2014 and 2013, respectively. The statutory capital and surplus of both American National Insurance Company and the Missouri domiciled insurance subsidiary would have remained substantially above the company action level RBC had it not used the permitted practice.

The statutory capital and surplus and net income (loss) of our insurance entities in accordance with statutory accounting practices are shown below (in thousands):

	September 30, 2014		December 31, 2013
Statutory capital and surplus
Life insurance entities	$	1,898,939	$	1,771,999
Property and casualty insurance entities		952,964		904,557

	Three months ended September 30,				Nine months ended September 30,
	2014		2013		2014		2013
Statutory net income
Life insurance entities	$	43,447	$	59,602	$	139,564	$	159,286
Property and casualty insurance entities		22,718		20,205		44,852		26,136

Dividends

American National Insurance Company’s payment of dividends to stockholders is restricted by state laws. The restrictions require life insurance companies to maintain minimum amounts of capital and surplus, and in the absence of special approval, limit the payment of dividends to the greater of prior year statutory net income from operations on an annual, non-cumulative basis, or 10% of prior year statutory surplus. Under Texas insurance law, American National Insurance Company is permitted to pay total dividends of $266,786,000 during 2014 without prior approval of the Texas Department of Insurance. Similar restrictions on amounts that can transfer in the form of dividends, loans, or advances to American National Insurance Company apply to its insurance subsidiaries.

Noncontrolling interests

American National County Mutual Insurance Company (“County Mutual”) is a mutual insurance company that is owned by its policyholders. American National has a management agreement that effectively gives it control of County Mutual. As a result, County Mutual is included in the consolidated financial statements of American National. Policyholder interests in the financial position of County Mutual are reflected as noncontrolling interest of $6,750,000 at September 30, 2014 and December 31, 2013.

American National Insurance Company and its subsidiaries exercise significant control or ownership of various joint ventures, resulting in their consolidation into American National’s consolidated financial statements. The interests of the other partners in the consolidated joint ventures are shown as noncontrolling interests of $5,529,000 and $6,007,000 at September 30, 2014 and December 31, 2013, respectively.

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Investments in Securities (Tables)

9 Months Ended

Sep. 30, 2014

Investments, Debt and Equity Securities [Abstract]

Investments in Securities

The cost or amortized cost and fair value of investments in securities are shown below (in thousands):

	September 30, 2014
	Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
Fixed maturity securities, bonds held-to-maturity
U.S. states and political subdivisions	$	327,022	$	25,144	$	(67	)	$	352,099
Foreign governments		29,122		1,641		—			30,763
Corporate debt securities		7,636,327		453,220		(40,292	)		8,049,255
Residential mortgage-backed securities		353,444		22,178		(1,921	)		373,701
Collateralized debt securities		2,236		223		—			2,459
Other debt securities		16,580		1,396		—			17,976
Total bonds held-to-maturity		8,364,731		503,802		(42,280	)		8,826,253
Fixed maturity securities, bonds available-for-sale
U.S. treasury and government		24,073		783		—			24,856
U.S. states and political subdivisions		746,801		33,661		(2,940	)		777,522
Foreign governments		5,000		1,900		—			6,900
Corporate debt securities		3,866,518		206,396		(16,342	)		4,056,572
Residential mortgage-backed securities		45,644		2,112		(754	)		47,002
Collateralized debt securities		12,199		1,175		(8	)		13,366
Total bonds available-for-sale		4,700,235		246,027		(20,044	)		4,926,218
Equity securities
Common stock		722,015		734,419		(3,791	)		1,452,643
Preferred stock		23,718		18,123		(13	)		41,828
Total equity securities		745,733		752,542		(3,804	)		1,494,471
Total investments in securities	$	13,810,699	$	1,502,371	$	(66,128	)	$	15,246,942
	December 31, 2013
	Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
Fixed maturity securities, bonds held-to-maturity
U.S. treasury and government	$	1,738	$	6	$	—		$	1,744
U.S. states and political subdivisions		346,240		16,945		(529	)		362,656
Foreign governments		29,099		2,505		—			31,604
Corporate debt securities		7,700,559		410,232		(116,900	)		7,993,891
Residential mortgage-backed securities		400,619		20,711		(2,647	)		418,683
Collateralized debt securities		2,366		225		—			2,591
Other debt securities		10,726		1,173		—			11,899
Total bonds held-to-maturity		8,491,347		451,797		(120,076	)		8,823,068
Fixed maturity securities, bonds available-for-sale
U.S. treasury and government		21,751		725		—			22,476
U.S. states and political subdivisions		630,199		22,118		(13,756	)		638,561
Foreign governments		5,000		1,649		—			6,649
Corporate debt securities		3,689,349		171,717		(54,033	)		3,807,033
Residential mortgage-backed securities		61,135		2,940		(1,068	)		63,007
Commercial mortgage-backed securities		18,223		11,037		—			29,260
Collateralized debt securities		13,884		1,320		(18	)		15,186
Other debt securities		16,850		679		(28	)		17,501
Total bonds available-for-sale		4,456,391		212,185		(68,903	)		4,599,673
Equity securities
Common stock		717,390		653,967		(2,362	)		1,368,995
Preferred stock		23,690		18,301		(378	)		41,613
Total equity securities		741,080		672,268		(2,740	)		1,410,608
Total investments in securities	$	13,688,818	$	1,336,250	$	(191,719	)	$	14,833,349

Maturities of Investments

The amortized costs and fair values, by contractual maturity, of fixed maturity securities are shown below (in thousands):

	September 30, 2014
	Bonds Held-to-Maturity				Bonds Available-for-Sale
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due in one year or less	$	902,160	$	921,894	$	345,538	$	351,549
Due after one year through five years		2,046,277		2,257,421		855,878		932,247
Due after five years through ten years		4,988,483		5,196,155		3,029,503		3,154,290
Due after ten years		421,961		445,711		464,316		483,132
Without single maturity date		5,850		5,072		5,000		5,000
Total	$	8,364,731	$	8,826,253	$	4,700,235	$	4,926,218

Proceeds from Available for Sale Securities and Realized Gain Loss

Proceeds from sales of available-for-sale securities, with the related gross realized gains and losses, are shown below (in thousands):

	Three months ended September 30 ,					Nine months ended September 30,
	2014		2013			2014			2013
Proceeds from sales of available-for-sale securities	$	2,671	$	33,390		$	139,137		$	189,438
Gross realized gains		228		10,349			24,994			33,699
Gross realized losses		—		(97	)		(2,123	)		(623	)

Change in Net Unrealized Gains (Losses) on Available-for-Sale Securities

The components of the change in net unrealized gains (losses) on securities are shown below (in thousands):

	Nine months ended September 30,
	2014			2013
Bonds available-for-sale	$	82,701		$	(163,493	)
Equity securities		79,211			165,613
Change in net unrealized gains (losses) on securities during the year		161,912			2,120
Adjustments for
Deferred policy acquisition costs		(17,175	)		46,643
Participating policyholders’ interest		(8,526	)		1,018
Deferred federal income tax benefit (expense)		(47,160	)		(18,212	)
Change in net unrealized gains (losses) on securities, net of tax	$	89,051		$	31,569

Gross Unrealized Losses and Fair Value of Investment Securities

The gross unrealized losses and fair value of the investment securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are shown below (in thousands):

	September 30, 2014
	Less than 12 months					12 Months or more					Total
	Unrealized (Losses)			Fair Value		Unrealized (Losses)			Fair Value		Unrealized (Losses)			Fair Value
Fixed maturity securities, bonds held-to-maturity
U.S. states and political subdivisions	$	(2	)	$	588	$	(65	)	$	2,455	$	(67	)	$	3,043
Corporate debt securities		(7,727	)		511,249		(32,565	)		799,719		(40,292	)		1,310,968
Residential mortgage-backed securities		(225	)		18,589		(1,696	)		31,203		(1,921	)		49,792
Total bonds held-to-maturity		(7,954	)		530,426		(34,326	)		833,377		(42,280	)		1,363,803
Fixed maturity securities, bonds available-for-sale
U.S. Treasury & other U.S. Gov corporations and agencies		—			476		—			—		—			476
U.S. states and political subdivisions		(449	)		37,887		(2,491	)		79,485		(2,940	)		117,372
Corporate debt securities		(5,167	)		372,578		(11,175	)		338,870		(16,342	)		711,448
Residential mortgage-backed securities		(147	)		10,908		(607	)		13,835		(754	)		24,743
Collateralized debt securities		(1	)		117		(7	)		361		(8	)		478
Other Debt Securities		—			—		—			—		—			—
Total bonds available-for-sale		(5,764	)		421,966		(14,280	)		432,551		(20,044	)		854,517
Equity securities
Common stock		(3,791	)		37,132		—			—		(3,791	)		37,132
Preferred stock		(13	)		1,874		—			—		(13	)		1,874
Total equity securities		(3,804	)		39,006		—			—		(3,804	)		39,006
Total	$	(17,522	)	$	991,398	$	(48,606	)	$	1,265,928	$	(66,128	)	$	2,257,326
	December 31, 2013
	Less than 12 months					12 Months or more					Total
	Unrealized (Losses)			Fair Value		Unrealized (Losses)			Fair Value		Unrealized (Losses)			Fair Value
Fixed maturity securities, bonds held-to-maturity
U.S. states and political subdivisions	$	(529	)	$	22,430	$	—		$	—	$	(529	)	$	22,430
Corporate debt securities		(104,308	)		1,916,758		(12,592	)		109,603		(116,900	)		2,026,361
Residential mortgage-backed securities		(1,718	)		31,715		(929	)		13,514		(2,647	)		45,229
Total bonds held-to-maturity		(106,555	)		1,970,903		(13,521	)		123,117		(120,076	)		2,094,020
Fixed maturity securities, bonds available-for-sale
U.S. Treasury & other U.S. Gov corporations and agencies		—			725		—			—		—			725
U.S. states and political subdivisions		(13,271	)		168,093		(485	)		2,905		(13,756	)		170,998
Corporate debt securities		(49,198	)		1,083,677		(4,835	)		92,004		(54,033	)		1,175,681
Residential mortgage-backed securities		(978	)		16,835		(90	)		1,872		(1,068	)		18,707
Collateralized debt securities		(3	)		205		(15	)		587		(18	)		792
Other debt securities		(28	)		10,027		—			—		(28	)		10,027
Total bonds available-for-sale		(63,478	)		1,279,562		(5,425	)		97,368		(68,903	)		1,376,930
Equity securities
Common stock		(2,362	)		29,978		—			—		(2,362	)		29,978
Preferred stock		(378	)		6,123		—			—		(378	)		6,123
Total equity securities		(2,740	)		36,101		—			—		(2,740	)		36,101
Total	$	(172,773	)	$	3,286,566	$	(18,946	)	$	220,485	$	(191,719	)	$	3,507,051

Bond by Credit Quality Rating Distribution

Bonds distributed by credit quality rating, using both S&P and Moody’s ratings, are shown below:

	September 30, 2014			December 31, 2013
AAA		4.9	%		4.9	%
AA		12.5			11.3
A		40.1			40.7
BBB		39.0			39.2
BB and below		3.5			3.9
Total		100.0	%		100.0	%

Equity Securities by Market Sector Distribution

Equity securities by market sector distribution are shown below:

	September 30, 2014			December 31, 2013
Consumer goods		19.2	%		19.8	%
Energy and utilities		14.7			15.0
Financials		18.8			19.3
Healthcare		13.8			12.7
Industrials		8.4			9.0
Information technology		16.3			15.7
Other		8.8			8.5
Total		100.0	%		100.0	%

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Mortgage Loans - Mortgage Loans by Property Type and Geographic Distribution (Detail) (Mortgage Loans On Real Estate Concentration Risk [Member])	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Credit Concentration Risk [Member]
Concentration Risk [Line Items]
Mortgage loans	100.00%	100.00%
Credit Concentration Risk [Member] | Hotel and Motel [Member]
Concentration Risk [Line Items]
Mortgage loans	11.30%	10.00%
Credit Concentration Risk [Member] | Industrial [Member]
Concentration Risk [Line Items]
Mortgage loans	21.20%	24.90%
Credit Concentration Risk [Member] | Office [Member]
Concentration Risk [Line Items]
Mortgage loans	35.60%	34.00%
Credit Concentration Risk [Member] | Retail [Member]
Concentration Risk [Line Items]
Mortgage loans	18.20%	19.60%
Credit Concentration Risk [Member] | Other [Member]
Concentration Risk [Line Items]
Mortgage loans	13.70%	11.50%
Geographic Concentration Risk [Member]
Concentration Risk [Line Items]
Mortgage loans	100.00%	100.00%
Geographic Concentration Risk [Member] | East North Central [Member]
Concentration Risk [Line Items]
Mortgage loans	19.50%	19.30%
Geographic Concentration Risk [Member] | East South Central [Member]
Concentration Risk [Line Items]
Mortgage loans	5.00%	6.80%
Geographic Concentration Risk [Member] | Mountain [Member]
Concentration Risk [Line Items]
Mortgage loans	10.30%	10.00%
Geographic Concentration Risk [Member] | Pacific [Member]
Concentration Risk [Line Items]
Mortgage loans	12.30%	12.30%
Geographic Concentration Risk [Member] | South Atlantic [Member]
Concentration Risk [Line Items]
Mortgage loans	21.00%	19.60%
Geographic Concentration Risk [Member] | West South Central [Member]
Concentration Risk [Line Items]
Mortgage loans	25.10%	26.40%
Geographic Concentration Risk [Member] | Other [Member]
Concentration Risk [Line Items]
Mortgage loans	6.80%	5.60%

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Investments in Securities - Investments in Securities (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Investment [Line Items]
Held-to-maturity securities, Cost or Amortized Cost	$ 8,364,731	$ 8,491,347
Held-to-maturity securities, Gross Unrealized Gains	503,802	451,797
Held-to-maturity securities, Gross Unrealized (Losses)	(42,280)	(120,076)
Held-to-maturity securities, Fair Value	8,826,253	8,823,068
Available-for-sale debt securities, Cost or Amortized Cost	4,700,235	4,456,391
Available-for-sale debt securities, Gross Unrealized Gains	246,027	212,185
Available-for-sale debt securities, Gross Unrealized (Losses)	(20,044)	(68,903)
Available-for-sale debt securities, Fair Value	4,926,218	4,599,673
Available-for-sale equity securities, Cost or Amortized Cost	745,733	741,080
Available-for-sale equity securities, Gross Unrealized Gains	752,542	672,268
Available-for-sale equity securities, Gross Unrealized (Losses)	(3,804)	(2,740)
Available-for-sale equity securities, Fair Value	1,494,471	1,410,608
Investments in securities, Cost or Amortized cost	13,810,699	13,688,818
Investments in securities, Gross Unrealized Gains	1,502,371	1,336,250
Investments in securities, Gross Unrealized (Losses)	(66,128)	(191,719)
Investments in securities, Fair Value	15,246,942	14,833,349
Common Stock [Member]
Investment [Line Items]
Available-for-sale equity securities, Cost or Amortized Cost	722,015	717,390
Available-for-sale equity securities, Gross Unrealized Gains	734,419	653,967
Available-for-sale equity securities, Gross Unrealized (Losses)	(3,791)	(2,362)
Available-for-sale equity securities, Fair Value	1,452,643	1,368,995
Preferred Stocks [Member]
Investment [Line Items]
Available-for-sale equity securities, Cost or Amortized Cost	23,718	23,690
Available-for-sale equity securities, Gross Unrealized Gains	18,123	18,301
Available-for-sale equity securities, Gross Unrealized (Losses)	(13)	(378)
Available-for-sale equity securities, Fair Value	41,828	41,613
U.S. Treasury and Government [Member]
Investment [Line Items]
Held-to-maturity securities, Cost or Amortized Cost		1,738
Held-to-maturity securities, Gross Unrealized Gains		6
Held-to-maturity securities, Gross Unrealized (Losses)
Held-to-maturity securities, Fair Value		1,744
Available-for-sale debt securities, Cost or Amortized Cost	24,073	21,751
Available-for-sale debt securities, Gross Unrealized Gains	783	725
Available-for-sale debt securities, Gross Unrealized (Losses)
Available-for-sale debt securities, Fair Value	24,856	22,476
U.S. States and Political Subdivisions [Member]
Investment [Line Items]
Held-to-maturity securities, Cost or Amortized Cost	327,022	346,240
Held-to-maturity securities, Gross Unrealized Gains	25,144	16,945
Held-to-maturity securities, Gross Unrealized (Losses)	(67)	(529)
Held-to-maturity securities, Fair Value	352,099	362,656
Available-for-sale debt securities, Cost or Amortized Cost	746,801	630,199
Available-for-sale debt securities, Gross Unrealized Gains	33,661	22,118
Available-for-sale debt securities, Gross Unrealized (Losses)	(2,940)	(13,756)
Available-for-sale debt securities, Fair Value	777,522	638,561
Foreign Governments [Member]
Investment [Line Items]
Held-to-maturity securities, Cost or Amortized Cost	29,122	29,099
Held-to-maturity securities, Gross Unrealized Gains	1,641	2,505
Held-to-maturity securities, Gross Unrealized (Losses)
Held-to-maturity securities, Fair Value	30,763	31,604
Available-for-sale debt securities, Cost or Amortized Cost	5,000	5,000
Available-for-sale debt securities, Gross Unrealized Gains	1,900	1,649
Available-for-sale debt securities, Gross Unrealized (Losses)
Available-for-sale debt securities, Fair Value	6,900	6,649
Corporate Debt Securities [Member]
Investment [Line Items]
Held-to-maturity securities, Cost or Amortized Cost	7,636,327	7,700,559
Held-to-maturity securities, Gross Unrealized Gains	453,220	410,232
Held-to-maturity securities, Gross Unrealized (Losses)	(40,292)	(116,900)
Held-to-maturity securities, Fair Value	8,049,255	7,993,891
Available-for-sale debt securities, Cost or Amortized Cost	3,866,518	3,689,349
Available-for-sale debt securities, Gross Unrealized Gains	206,396	171,717
Available-for-sale debt securities, Gross Unrealized (Losses)	(16,342)	(54,033)
Available-for-sale debt securities, Fair Value	4,056,572	3,807,033
Residential Mortgage-Backed Securities [Member]
Investment [Line Items]
Held-to-maturity securities, Cost or Amortized Cost	353,444	400,619
Held-to-maturity securities, Gross Unrealized Gains	22,178	20,711
Held-to-maturity securities, Gross Unrealized (Losses)	(1,921)	(2,647)
Held-to-maturity securities, Fair Value	373,701	418,683
Available-for-sale debt securities, Cost or Amortized Cost	45,644	61,135
Available-for-sale debt securities, Gross Unrealized Gains	2,112	2,940
Available-for-sale debt securities, Gross Unrealized (Losses)	(754)	(1,068)
Available-for-sale debt securities, Fair Value	47,002	63,007
Collateralized Debt Securities [Member]
Investment [Line Items]
Held-to-maturity securities, Cost or Amortized Cost	2,236	2,366
Held-to-maturity securities, Gross Unrealized Gains	223	225
Held-to-maturity securities, Gross Unrealized (Losses)
Held-to-maturity securities, Fair Value	2,459	2,591
Available-for-sale debt securities, Cost or Amortized Cost	12,199	13,884
Available-for-sale debt securities, Gross Unrealized Gains	1,175	1,320
Available-for-sale debt securities, Gross Unrealized (Losses)	(8)	(18)
Available-for-sale debt securities, Fair Value	13,366	15,186
Commercial Mortgage-Backed Securities [Member]
Investment [Line Items]
Available-for-sale debt securities, Cost or Amortized Cost		18,223
Available-for-sale debt securities, Gross Unrealized Gains		11,037
Available-for-sale debt securities, Gross Unrealized (Losses)
Available-for-sale debt securities, Fair Value		29,260
Other Debt Securities [Member]
Investment [Line Items]
Held-to-maturity securities, Cost or Amortized Cost	16,580	10,726
Held-to-maturity securities, Gross Unrealized Gains	1,396	1,173
Held-to-maturity securities, Gross Unrealized (Losses)
Held-to-maturity securities, Fair Value	17,976	11,899
Available-for-sale debt securities, Cost or Amortized Cost		16,850
Available-for-sale debt securities, Gross Unrealized Gains		679
Available-for-sale debt securities, Gross Unrealized (Losses)		(28)
Available-for-sale debt securities, Fair Value		$ 17,501

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Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 70,761	$ 85,226	$ 179,906	$ 205,117
Other comprehensive income (loss), net of tax
Change in net unrealized gain (loss) on securities	(17,708)	26,747	89,051	31,569
Foreign currency transaction and translation adjustments	(476)	(625)	(577)	(211)
Defined pension benefit plan adjustment	718	2,876	2,152	8,627
Other comprehensive income (loss), net of tax	(17,466)	28,998	90,626	39,985
Total comprehensive income (loss)	53,295	114,224	270,532	245,102
Less: Comprehensive income (loss) attributable to noncontrolling interest	2,877	2,613	1,883	4,364
Total comprehensive income (loss) attributable to American National	$ 50,418	$ 111,611	$ 268,649	$ 240,738

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Recently Issued Accounting Pronouncements

9 Months Ended

Sep. 30, 2014

Accounting Changes and Error Corrections [Abstract]

Recently Issued Accounting Pronouncements

3. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

Adoption of New Accounting Standards—The Financial Accounting Standards Board (“FASB”) issued the following accounting guidance relevant to American National, including technical amendments and corrections to make the accounting standards easier to understand and fair value measurement easier to apply. Each became effective for American National on January 1, 2014 and, unless stated otherwise, did not have a material effect on the consolidated financial statements.

Amended guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of the guidance is fixed at the reporting date. The amended guidance requires the entity to measure obligations resulting from joint and several liability arrangements as the sum of the amount the reporting entity agreed with co-obligors to pay and any additional amounts it expects to pay on behalf of one or more co-obligors.

Future Adoption of New Accounting Standards—The FASB issued the following accounting standards relevant to American National:

Guidance that allows investors to elect the use of proportional amortization method to account for investments in qualified affordable housing projects, if certain conditions are met. The new guidance replaces the effective yield method and allows an investor to amortize the cost of its investment, in proportion to the tax credits and other tax benefits it receives, to income tax expense. The guidance requires new disclosure for all investors for all investments in qualified affordable housing projects, regardless of the accounting method used for those investments.

Guidance that will supersede most existing revenue recognition requirements in U.S. Generally Accepted Accounting Principles. The Standard will become effective for American National on January 1, 2017 and allows for both retrospective and prospective methods of adoption. American National is in the process of determining the adoption method and is currently assessing the impact of this standard.

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Investment Real Estate - Assets and Liabilities Related to VIEs (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2012
Variable Interest Entity [Line Items]
Investment real estate	$ 458,116	$ 507,142
Cash and cash equivalents	136,142	117,946	122,637	303,008
Accrued investment income	198,559	194,830
Other assets	148,448	142,043
Notes payable	109,349	113,849
Other liabilities	433,855	456,818
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Investment real estate	138,994	123,624
Cash and cash equivalents	1,761	2,154
Accrued investment income	412	2,197
Other receivables	7,986	8,488
Other assets	5,686	6,016
Total assets of consolidated VIEs	154,839	142,479
Notes payable	109,349	113,849
Other liabilities	4,595	6,680
Total liabilities of consolidated VIEs	$ 113,944	$ 120,529

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Segment Information - Summary of Results of Operations by Operating Segments (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Segment Reporting Information [Line Items]
Income (loss) from continuing operations	$ 94,775	$ 120,864	$ 235,165	$ 267,222	$ 235,165	$ 267,222
Life [Member]
Segment Reporting Information [Line Items]
Income (loss) from continuing operations	10,794	9,005	22,076	23,420
Annuity [Member]
Segment Reporting Information [Line Items]
Income (loss) from continuing operations	24,366	18,631	70,415	69,633
Accident and Health [Member]
Segment Reporting Information [Line Items]
Income (loss) from continuing operations	9,304	7,170	19,579	16,164
Property and Casualty [Member]
Segment Reporting Information [Line Items]
Income (loss) from continuing operations	30,088	24,634	59,790	33,198
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Income (loss) from continuing operations	$ 20,223	$ 61,424	$ 63,305	$ 124,807

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Deferred Policy Acquisition Costs - Deferred Policy Acquisition Costs (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2014
Deferred Policy Acquisition Costs [Line Items]
Beginning balance	$ 1,277,733
Additions	290,601
Amortization	(301,455)
Effect of change in unrealized gains on available-for-sale securities	(17,175)
Net change	(28,029)
Ending balance	1,249,704
Life [Member]
Deferred Policy Acquisition Costs [Line Items]
Beginning balance	684,084
Additions	77,261
Amortization	(61,488)
Effect of change in unrealized gains on available-for-sale securities	(4,147)
Net change	11,626
Ending balance	695,710
Annuity [Member]
Deferred Policy Acquisition Costs [Line Items]
Beginning balance	424,158
Additions	36,413
Amortization	(58,469)
Effect of change in unrealized gains on available-for-sale securities	(13,028)
Net change	(35,084)
Ending balance	389,074
Accident and Health [Member]
Deferred Policy Acquisition Costs [Line Items]
Beginning balance	47,220
Additions	14,949
Amortization	(14,084)
Net change	865
Ending balance	48,085
Property and Casualty [Member]
Deferred Policy Acquisition Costs [Line Items]
Beginning balance	122,271
Additions	161,978
Amortization	(167,414)
Net change	(5,436)
Ending balance	$ 116,835

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Mortgage Loans (Tables)

9 Months Ended

Sep. 30, 2014

Receivables [Abstract]

Mortgage Loans by Property Type and Geographic Distribution

Mortgage loans by property-type and geographic distribution are as follows:

	September 30, 2014			December 31, 2013
Hotel and motel		11.3	%		10.0	%
Industrial		21.2			24.9
Office		35.6			34.0
Retail		18.2			19.6
Other		13.7			11.5
Total		100.0	%		100.0	%
	September 30, 2014			December 31, 2013
East North Central		19.5	%		19.3	%
East South Central		5.0			6.8
Mountain		10.3			10.0
Pacific		12.3			12.3
South Atlantic		21.0			19.6
West South Central		25.1			26.4
Other		6.8			5.6
Total		100.0	%		100.0

Age Analysis of Past Due Commercial Mortgage Loans

The age analysis of past due commercial mortgage loans is shown below (in thousands):

	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Mortgage Loans
September 30, 2014
Industrial	$	—	$	—	$	—	$	—	$	705,801	$	705,801
Office		—		—		—		—		1,191,525		1,191,525
Retail		—		—		—		—		610,335		610,335
Other		—		—		—		—		828,496		828,496
Total	$	—	$	—	$	—	$	—	$	3,336,157		3,336,157
Allowance for loan losses												17,605
Mortgage loans on real estate, net of allowance											$	3,318,552
December 31, 2013
Industrial	$	—	$	—	$	2,739	$	2,739	$	821,741	$	824,480
Office		—		—		—		—		1,124,818		1,124,818
Retail		—		—		—		—		651,236		651,236
Other		—		—		—		—		710,889		710,889
Total	$	—	$	—	$	2,739	$	2,739	$	3,308,684		3,311,423
Allowance for loan losses												12,181
Mortgage loans on real estate, net of allowance											$	3,299,242

Commercial Mortgage Loans Placed on Nonaccrual Status

Commercial mortgage loans placed on nonaccrual status are shown below (in thousands):

	September 30, 2014		December 31, 2013
Industrial	$	—	$	2,739

Change in Allowance for Credit Losses in Commercial Mortgage Loans

The change in allowance for credit losses in commercial mortgage loans is shown below (in thousands):

	Nine months ended September 30, 2014
	Collectively Evaluated for Impairment			Individually Evaluated for Impairment
Beginning balance, 2014	$	11,688		$	493
Change Due to Factor Development		(441	)		—
Change in allowance		775			5,090
Ending balance, 2014	$	12,022		$	5,583

Loans Individually Evaluated for Impairment With and Without Allowance

Loans individually evaluated for impairment with and without an allowance are shown below (in thousands):

	September 30, 2014				September 30, 2013
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
Three months ended
With an allowance recorded
Office	$	27,564	$	547	$	23,159	$	393
Retail		—		—		493		—
Total	$	27,564	$	547	$	23,652	$	393
Without an allowance recorded
Office	$	26,941	$	431	$	6,432	$	110
Industrial		2,702		36		—		—
Retail		851		11		—		—
Total	$	30,494	$	478	$	6,432	$	110
Nine months ended
With an allowance recorded
Office	$	29,421	$	1,663	$	23,234	$	1,192
Retail		—		—		493		—
Total	$	29,421	$	1,663	$	23,727	$	1,192
Without an allowance recorded
Office	$	27,019	$	1,298	$	6,439	$	331
Industrial		2,721		110		—		—
Retail		1,149		16		—		—
Total	$	30,889	$	1,424	$	6,439	$	331
	September 30, 2014				December 31, 2013
	Recorded Investment		Unpaid Principal Balance		Recorded Investment		Unpaid Principal Balance
With an allowance recorded
Office	$	26,662	$	27,947	$	—	$	—
Retail		—		—		493		493
Total	$	26,662	$	27,947	$	493	$	493
Without an allowance recorded
Office	$	26,941	$	26,941	$	12,377	$	12,377
Industrial		2,702		2,702		2,739		2,739
Retail		719		719		1,579		1,579
Total	$	30,362	$	30,362	$	16,695	$	16,695

Number of Mortgage Loans and Recorded Investment

The number of mortgage loans and recorded investments in troubled debt restructuring are as follows (in thousands except for number of contracts):

	Nine months ended September 30,
	2014					2013
	Number of contracts	Recorded investment pre- modification		Recorded investment post modification		Number of contracts		Recorded investment pre- modification		Recorded investment post modification
Office	3	$	34,400	$	30,996		1	$	6,432	$	6,432

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Accumulated Other Comprehensive Income (Loss) - Components of Other Comprehensive Income (Loss) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income, Beginning balance			$ 413,712	$ 242,010
Amounts reclassified from AOCI, net of tax benefit (expense)			(14,387)	(14,468)
Unrealized holding gains (losses) arising during the period, net of tax expense			121,782	24,658
Unrealized adjustment to DAC, net of tax expense (benefit)			(10,650)	29,344
Unrealized (gains) losses on investments attributable to participating policyholders' interest, net of tax expense (benefit)			(5,542)	662
Foreign currency adjustment, net of tax benefit	(476)	(625)	(577)	(211)
Accumulated Other Comprehensive Income, Ending balance	504,338	281,995	504,338	281,995
Net Unrealized Gains/(Losses) on Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income, Beginning balance			457,937	370,842
Amounts reclassified from AOCI, net of tax benefit (expense)			(16,539)	(23,095)
Unrealized holding gains (losses) arising during the period, net of tax expense			121,782	24,658
Unrealized adjustment to DAC, net of tax expense (benefit)			(10,650)	29,344
Unrealized (gains) losses on investments attributable to participating policyholders' interest, net of tax expense (benefit)			(5,542)	662
Accumulated Other Comprehensive Income, Ending balance	546,988	402,411	546,988	402,411
Defined Benefit Pension Plan Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income, Beginning balance			(43,884)	(129,003)
Amounts reclassified from AOCI, net of tax benefit (expense)			2,152	8,627
Accumulated Other Comprehensive Income, Ending balance	(41,732)	(120,376)	(41,732)	(120,376)
Foreign Currency Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income, Beginning balance			(341)	171
Foreign currency adjustment, net of tax benefit			(577)	(211)
Accumulated Other Comprehensive Income, Ending balance	$ (918)	$ (40)	$ (918)	$ (40)

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Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2014

Related Party Transactions [Abstract]

Related Party Transactions

The impact on the consolidated financial statements of the significant related party transactions is shown below (in thousands):

			Dollar Amount of Transactions				Amount due to/(from) American National
			Nine months ended September 30,				September 30, 2014			December 31, 2013
Related Party	Financial Statement Line Impacted		2014		2013
Gal-Tex Hotel Corporation		Mortgage loan on real estate	$	917	$	853	$	6,825		$	7,742
Gal-Tex Hotel Corporation		Net investment income		399		463		41			47
Greer, Herz and Adams, LLP		Other operating expenses		8,037		7,484		(404	)		(284	)

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Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2014

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

13. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The components of and changes in the accumulated other comprehensive income (loss) (“AOCI”), and the related tax effects, are shown below (in thousands):

	Net Unrealized Gains/(Losses) on Securities			Defined Benefit Pension Plan Adjustments			Foreign Currency Adjustments			AOCI
Beginning balance 2014	$	457,937		$	(43,884	)	$	(341	)	$	413,712
Amounts reclassified from AOCI (net of tax benefit $8,906 and expense $1,159)		(16,539	)		2,152			—			(14,387	)
Unrealized holding gains (losses) arising during the period (net of tax expense $65,575)		121,782									121,782
Unrealized adjustment to DAC (net of tax benefit $6,525)		(10,650	)								(10,650	)
Unrealized (gains) losses on investments attributable to participating policyholders’ interest (net of tax benefit $2,984)		(5,542	)								(5,542	)
Foreign currency adjustment (net of tax benefit $311)								(577	)		(577	)
Ending balance at September 30, 2014	$	546,988		$	(41,732	)	$	(918	)	$	504,338
	Net Unrealized Gains/(Losses) on Securities			Defined Benefit Pension Plan Adjustments			Foreign Currency Adjustments			AOCI
Beginning balance 2013	$	370,842		$	(129,003	)	$	171		$	242,010
Amounts reclassified from AOCI (net of tax benefit $12,720 and expense $4,645)		(23,095	)		8,627			—			(14,468	)
Unrealized holding gains (losses) arising during the period (net of tax expense $13,277)		24,658									24,658
Unrealized adjustment to DAC (net of tax expense $17,299)		29,344									29,344
Unrealized (gains) losses on investments attributable to participating policyholders’ interest (net of tax expense $356)		662									662
Foreign currency adjustment (net of tax benefit $114)								(211	)		(211	)
Ending balance at September 30, 2013	$	402,411		$	(120,376	)	$	(40	)	$	281,995