Is Anico a good insurance company?

UPDATED: Oct 25, 2011

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UPDATED: Oct 25, 2011Fact Checked

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Asked October 25, 2011

1 Answer

Anico is an anagram for the American National Insurance Company. The company was founded in 1905, and sells life, health, and home insurance. Home insurance is offered through the subsidiary company, American National Property and Casualty Company. In addition to a wide range of life insurance policies, American national also offers annuities, mutual funds, pensions and other credit services.

Financial Rating
American National is rated A+ by the A.M. Best financial ratings company. They are publicly traded under the "ANAT" ticker symbol. In 2006, the most recent year for which data is available, American National reported over $2.2 billion insurance premium revenues. The company is recognized as a stable financial institution.

Customer Satisfaction
Online customer reviews are difficult to depend on, because they are often the result of negative campaigns launched by competitors. Additionally, statistics have shown that unhappy customers are more likely to participate in customer reviews than are customers who are completely satisfied. Even so, American National scores a 39% customer satisfaction rating in online reviews.

Anico Reviews

Company Availability
The American National insurance company serves the entire United States, its territories, and Mexico. The company is represented locally by independent agents and insurance brokers. They also provide online access to customers and potential customers. The bottom line is that no matter where you travel, American National wants to go there with you.

The Bottom Line
American National Insurance Company is a large and well-established company. They are stable enough to cover your home over the long run, and financially worthy of investments in both the short and long term. No company is perfect, and even American National has had some customer complaints, but overall the company showing has been positive. Policy owners and investors alike can put their money into American National with little to fear.

Answered October 25, 2011 by Anonymous

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