11.10.2016, 19:01
A.M. Best Affirms Credit Ratings of American National Insurance Company
OREANDA-NEWS. A.M. Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” of American National Insurance Company (ANICO) [NASDAQ:ANAT] and ANICO’s subsidiary, American National Life Insurance Company of New York (ANICONY) (Glenmont, NY). The Credit Ratings (ratings) of ANICO have been extended to ANICONY based on its strategic role as the New York marketing arm of its ultimate parent. A.M. Best also has affirmed the FSRs of A (Excellent) and the Long-Term ICRs of “a” of the following life insurance subsidiaries of ANICO: Garden State Life Insurance Company (League City, TX), Standard Life and Accident Insurance Company and Farm Family Life Insurance Company (Glenmont, NY). In addition, A.M. Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” of American National Life Insurance Company of Texas. The outlook of these ratings is stable. All the above companies are headquartered in Galveston, TX, unless otherwise specified.
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