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GALVESTON, Texas, March 01, 2017 (GLOBE NEWSWIRE) — American National Allowance Aggregation (Nasdaq:ANAT) (the “Company”) filed a Form 12b-25 Notification of Late Filing with the U.S. Securities and Exchange Commission today that discloses that the Aggregation is clumsy to appropriate book its Form 10-K for the year concluded December 31, 2016 (the “Form 10-K”) after absurd accomplishment or expense.  The Aggregation anticipates that it will book its Form 10-K aural the fifteen-day addendum aeon provided by Rule 12b-25 beneath the Securities Exchange Act of 1934, as amended. 

Additional time is bare to complete  the affidavit all-important to agree the Company’s and its auditor’s appraisal of the capability of the Company’s centralized ascendancy over banking advertisement and the analysis of its circumscribed banking statements for the year concluded December 31, 2016. 

While not accompanying to the filing extension, the Aggregation expects to accomplish revisions to absolute immaterial errors in its banking statements for the budgetary years concluded December 31,  2015 and 2014 for admittance in the Form 10-K that will alter the ahead appear circumscribed antithesis bedding and the circumscribed statements of banknote flows.  The Aggregation does not apprehend to adapt ahead appear net assets or stockholders’ equity.

The Aggregation expects that such Form 10-K will address that, as allotment of its appraisal of its centralized controls over banking reporting, the Aggregation articular assertive absolute weaknesses in its centralized ascendancy over banking advertisement apropos to (i) the altitude of deferred assets tax amounts and (ii) the advertisement of accessory acquaint by our disinterestedness advantage derivatives counterparties. Although none are accepted at this time, as the Aggregation and its auditors agree the analysis process, added adjustments and/or weaknesses could be identified. The Aggregation is committed to remediating these absolute weaknesses in a appropriate manner. While the Aggregation believes that advance has been fabricated in acceptable centralized controls as of December 31, 2016 and in the aeon since, the absolute weaknesses accept not been absolutely remediated due to bereft time to absolutely appraise the architecture and operating capability of the accompanying new controls.

About American National Allowance Company

American National Allowance Company, headquartered in Galveston, Texas, was founded in 1905 and is accountant to conduct the business of allowance in all states except New York. American National has been assigned an ‘A’ appraisement by A.M. Best Aggregation and an ‘A’ appraisement by Standard & Poor’s, both of which are nationally accustomed appraisement agencies.

American National is additionally a ancestors of companies that has, on a circumscribed GAAP basis, $24.5 billion in assets, $19.8 billion in liabilities and $4.7 billion in stockholders’ equity.  American National and its subsidiaries action a ample band of articles and services, which accommodate activity insurance, annuities, bloom insurance, acclaim insurance, alimony articles and acreage and blow allowance for claimed lines, agribusiness, and targeted bartering exposures.  The American National companies accomplish in all 50 states. Major allowance subsidiaries accommodate American National Activity Allowance Aggregation of Texas, American National Activity Allowance Aggregation of New York, American National Acreage and Blow Company, Garden State Activity Allowance Company, Standard Activity and Accident Allowance Company, Farm Ancestors Activity Allowance Company, Farm Ancestors Blow Allowance Aggregation and United Farm Ancestors Allowance Company.

For added information, including aggregation account and broker relations information, appointment the Company’s web armpit at www.AmericanNational.com.

Forward Looking Statements

This columnist absolution contains statements that may aggregate “forward-looking statements” aural the acceptation of the Private Securities Litigation Reform Act of 1995, as amended. Such advanced statements use words such as “anticipates,” “estimates,” “expects,” “intends,” “plans,” “believes,” and added words and agreement of agnate acceptation in affiliation with a altercation of abeyant approaching events, affairs or approaching operating or banking performance. Advanced statements are accountable to assorted accepted and alien risks and uncertainties, and the Aggregation cautions you that any advanced advice provided by it or on its account is not a agreement of approaching contest or performance. There are a cardinal of factors, risks and uncertainties that could account absolute after-effects or approaching contest to differ, possibly materially, from the expectations reflected in these advanced statements, some of which are above our control, including, but not bound to, any added adjournment in the filing of the Form 10-K; the abeyance of our accommodation to use Form S-3 allotment statements until we accept appropriate filed our SEC alternate letters for a aeon of 12 months, which may admission the time and assets we charge to expend if we accept to admission the accessible basic markets; the appulse on any ahead issued banking statements; added uncertainties accompanying to accounting issues about and those uncertainties and accident factors abundant from time to time in letters filed by us with the Securities and Exchange Commission, including our Annual Address on Form 10-K for the year concluded December 31, 2015 and our consecutive letters on Form 10-Q.  Any advanced statements in this certificate allege alone as of the date of this document, and we undertake no obligation to amend any such statements to reflect any change, except as may be appropriate by law.

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