American National Insurance Co. (ANAT: Quote) reported first-quarter net income of $45.22 million or $1.69 per share, compared to $47.53 million or $1.78 per share in the same quarter last year.
First-quarter after tax operating income, which exclude some investment gains, improved to $40.69 million or $1.52 per share from $33.21 million or $1.24 per share in the comparable quarter last year. After tax operating income improved primarily as a result of increased earnings in the property and casualty segment.
Revenues for the quarter were $742.68 million, compared to $751.87 million in the prior year period.
by RTT Staff Writer
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