GALVESTON, Texas, July 02, 2020 (GLOBE NEWSWIRE) — American Nationwide Insurance coverage Firm (“ANICO”) at the moment introduced that it has accomplished its beforehand introduced holding firm reorganization. Pursuant to such reorganization, American Nationwide Group, Inc. (NASDAQ: ANAT), a Delaware company (“American National”), is now the mum or dad firm of ANICO and has changed it because the publicly held company. The administrators and officers of ANICO instantly previous to the reorganization function the administrators and officers of American Nationwide, and enterprise operations proceed from our present workplace areas and corporations.
Every share of ANICO’s frequent stock excellent instantly previous to the reorganization has robotically transformed into one share of American Nationwide’s frequent stock and trades below the NASDAQ Stock Market image “ANAT”. Former stockholders of ANICO needn’t return stock certificates or in any other case take any motion to exchange their shares for American Nationwide’s frequent stock. American Nationwide’s frequent stock has been assigned a brand new CUSIP quantity: 02772A 109.
ABOUT AMERICAN NATIONAL
American Nationwide is a household of corporations that has, on a consolidated GAAP foundation, $27.eight billion in belongings, $22.2 billion in liabilities and $5.6 billion in stockholders’ fairness, as of March 31, 2020. American Nationwide Insurance coverage Firm, based in 1905 and headquartered in Galveston, Texas, and different American Nationwide subsidiaries supply a broad portfolio of services, which embrace life insurance coverage, annuities, property and casualty insurance coverage, medical insurance, credit score insurance coverage, and pension merchandise. The American Nationwide corporations function in all 50 states. Main insurance coverage subsidiaries embrace American Nationwide Insurance coverage Firm, American Nationwide Life Insurance coverage Firm of Texas, American Nationwide Life Insurance coverage Firm of New York, American Nationwide Property and Casualty Firm, Backyard State Life Insurance coverage Firm, Normal Life and Accident Insurance coverage Firm, Farm Household Casualty Insurance coverage Firm and United Farm Household Insurance coverage Firm.
American Nationwide Insurance coverage Firm has been assigned an ‘A’ score by A.M. Greatest Firm and an ‘A’ score by Normal & Poor’s, each of that are nationally acknowledged score companies, and is licensed to conduct the enterprise of insurance coverage in all states besides New York.
For extra data, together with firm information and investor relations data, go to the corporate’s website at www.AmericanNational.com.
Contact: Timothy A. Walsh (409) 766-6553