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American National Insurance Company (Nasdaq: ANAT) announces that, effective January 1, 2018, American National Life Insurance Company of New York merged into Farm Family Life Insurance Company. Following the merger of these two subsidiaries, the surviving company has assumed the name American National Life Insurance Company of New York.
The merger of American National’s New York life insurance companies into a single entity furthers American National’s commitment to promoting and strengthening the American National brand while simplifying the corporate structure and improving service to New York customers.
A more simplified but powerful structure will allow American National to better focus its efforts, improve speed to market and reduce expenses associated with implementing products in multiple companies, resulting in benefits to American National, as well as to agents and policyholders.
American National remains committed to our clients. As part of that commitment, American National Life Insurance Company of New York will continue to provide innovative insurance, annuity and pension products.