American National Insurance Company (ANICO) Annuity Review (2026)

American National (ANICO) at a Glance

American National’s Financial Strength and Background

ANICO was founded by William Lewis Moody Jr. in 1905 and remained under Moody family control for over a century. In 2022, Brookfield Asset Management acquired the company for $5.1 billion in one of the largest insurance acquisitions of that year. Brookfield is a Toronto-based global alternative asset manager with over $1 trillion in assets under management. Under Brookfield’s direction, ANICO is expanding aggressively into annuities and pension risk transfer while exiting the life insurance business entirely – applications for new life policies closed in May 2025.

AM Best rates ANICO at A (Excellent) with a Very Strong balance sheet assessment – affirmed November 2025. The Comdex composite score of 75 is above average but one notch below the A+ elite tier. This is a meaningful rating distinction: ANICO is a strong, well-capitalized insurer, but buyers who require A+ should compare against Midland National, North American, or Athene. Always verify the current AM Best rating at ambest.com before committing to a contract.

One notable consideration: ANICO is now investor-owned by Brookfield. Buyers who prefer mutual/ESOP ownership structures (like Penn Mutual or Sammons companies) should factor this in. That said, AM Best’s November 2025 affirmation reflects no concerns about solvency or claims-paying ability under Brookfield’s stewardship.

What Annuity Products Does American National Offer?

• Palladium MYG and Palladium MYG Max – MYGA available in 3 to 10-year terms. Minimum premium of just $2,000 – among the lowest in the MYGA market. Guaranteed minimum renewal rate of 2.55%. Current rates approximately 5.10%-5.52% for 6-10 year terms (rates subject to change).
• ANICO Strategy Indexed Annuity PLUS 7 and PLUS 10 – Fixed indexed annuities with up to 10% annual penalty-free withdrawals after year one. Optional income riders available. Multiple index crediting strategies.
• Palladium Single Premium Immediate Annuity (SPIA) – Multiple payout structures including life only, period certain, and joint life options. Competitive immediate payout rates.

American National Palladium MYGA Products and Current Rates

Live rates from AnnuityRateWatch · Rates updated November 12, 2026

Rates apply to standard products. State availability varies. Not an offer or solicitation. Always verify current rates before purchasing.

Note: American National Insurance Company is not licensed directly in New York. NY residents are served through affiliated entities. Confirm state availability with a licensed agent before applying.

Who Is American National Best For?

• Buyers with smaller allocations – the $2,000 Palladium MYGA minimum is one of the lowest available for a top-rated carrier. This matters for buyers parceling out smaller accounts or testing a new carrier before committing larger amounts.
• Conservative accumulation buyers aged 55-75 who want a 120-year-old carrier with solid strong financial ratings and competitive 6-10 year MYGA rates.
• SPIA income seekers who want a long-tenured, stable payer with multiple payout options.
• Independent agents serving diverse client needs – ANICO’s broad state availability (all 50 states and PR via affiliated entities) and low minimums make it accessible for clients across a wide range of premium amounts.

American National is not the best fit for clients who require A+ minimum financial strength, anyone seeking a life insurance product from the same carrier (ANICO exited life insurance in 2025), or buyers who prefer mutual/ESOP ownership over private equity-backed carriers.

American National Pros and Cons

Pros

• 120-year operating history with A (Excellent) AM Best rating
• $2,000 minimum premium on Palladium MYGA – lowest in class for a top-rated carrier
• 2.55% guaranteed minimum renewal rate – meaningful floor relative to many competitors
• Available in all 50 states + Puerto Rico
• Below-average NAIC complaint ratio
• Brookfield ownership brings $1 trillion+ asset management backing

Cons

• A rating, not A+ – one notch below top-tier competitors like Midland National or North American
• Comdex score of 75 vs. 89-91 for top-tier carriers
• Owned by Brookfield (private equity/alternative asset manager) – introduces investor return objectives that may influence future product design
• Life insurance business discontinued May 2025 – no single-carrier life + annuity solution available
• FIA lineup narrower than Midland National or North American
• NY availability via affiliated entity only

Other Annuity Companies to Consider

• Midland National Life Insurance Company Review
• North American Company Annuity Review
• Gainbridge Annuity Review
• Browse All Annuity Insurance Companies

Use our live rate comparison tool or request a personalized quote.

American National fixed index annuity rates

Current caps on every American National fixed index annuity we cover, pulled from the carrier's filed rate sheets in our live feed. Caps shown are the best S&P 500 1-year point-to-point cap at a $100,000 premium. Open a product for its full crediting strategy menu and surrender schedule.

Frequently Asked Questions