American National Insurance Company

The Moody family, founded by William Lloyd Moody Jr., controlled American National for over a century from its founding in 1905 until the 2022 sale to Brookfield Reinsurance. The family's influence extended through voting control and board representation, with the firm operating as a publicly traded but family-governed insurer. The Moody Foundation, established by the family, remains a separate and active philanthropic entity in Texas.

American National managed a general account portfolio heavily weighted toward fixed-income assets, commercial mortgages, and direct real estate equity. The firm owned a mix of office, industrial, residential, and mixed-use properties, alongside a notable agribusiness exposure tied to the Moody family's historic ranching operations. The portfolio also included corporate bonds and private placements, managed to support the firm's long-duration life-insurance liabilities.

The 2022 acquisition transferred American National's investment portfolio under Brookfield's institutional asset-management framework. Where the Moody family had historically managed real estate and credit assets internally as a family-controlled insurer, Brookfield now integrates those holdings into its broader insurance-solutions platform, applying its scale and alternative-asset expertise. The American National brand and policyholder operations were retained.

No. The 2022 sale to Brookfield Reinsurance ended the Moody family's controlling interest and operational involvement in American National Insurance Company. The Moody Foundation, which operates independently, continues as a major Texas philanthropic institution focusing on education, health, and the arts, entirely separate from the insurance company.

American National's owned real estate included One Moody Plaza, its headquarters tower in Galveston; the South Shore Harbour mixed-use development in League City, Texas; Baron Phoenix Apartments in Arizona; and industrial property on Battery Brooke Parkway in Virginia. The firm also held land for development in Colorado and a corporate art collection housed at its Galveston headquarters.