 GALVESTON, Tx., May 03, 2021 GLOBE NEWSWIRE -- American National Group, Inc. NASDAQ: ANAT formerly American National Insurance Company1 and subsidiaries collectively, the Company announced net income for the first quarter of 2021 of 170.2 million or 6.33 per diluted share, compared to a net loss of 220.4 million or 8.20 loss per diluted share for the same period in 2020. The increase in net income for the first quarter of 2021 was primarily attributable to an increase in the value of the Companys equity security portfolio during the first quarter of 2021 which generated after-tax net gains of 75.8 million or 2.82 per diluted share, compared to a loss on equity securities of 262.7 million or 9.77 loss per diluted share for the same period in 2020. The after-tax net loss on equity securities in the first quarter of 2020 was driven by the negative impact in financial markets associated with COVID-19. 