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American National Insurance posts 4Q profit

GALVESTON, Texas (AP) _ American National Insurance Co. (ANAT) on Monday reported fourth-quarter profit of $59.8 million.

The Galveston, Texas-based company said it had profit of $2.22 per share. Earnings, adjusted for investment gains, were $1.72 per share.

The insurance company posted revenue of $839.4 million in the period.

For the year, the company reported profit of $181 million, or $6.71 per share. Revenue was reported as $3.23 billion.

American National Insurance shares have decreased 3 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $120.62, an increase of 18 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ANAT at https://www.zacks.com/ap/ANAT

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Keywords: American National Insurance, Earnings Report