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ANIC Q4 Revenues Up 46% To $789.6m

American National Insurance Company (ANIC) has reported revenues of $789.6m for the fourth quarter of 2009, an increase of 46% compared to $540.9m for the same period last year.

The company posted an operating profit of $30.13m for the fourth quarter, compared to $44.02m for the same period last year.

For the fourth quarter ended December 31, 2009, the company posted net income of $34.97m, or $1.31 per share compared to a net loss of $65.05m, or $2.46 per share for the same period last year.

For the full year 2009, the company has reported revenues of $2.95bn, compared to $2.52bn in 2008. Operating income was $64.83m compared to $92.81m in 2008. Net income was $15.6m, or $0.59 per share, compared to a net loss of $154m, or $5.82 per diluted share, for the same period last year.