 GALVESTON, Tx., Nov. 02, 2020 GLOBE NEWSWIRE -- American National Group, Inc. NASDAQ: ANAT formerly American National Insurance Company1 and subsidiaries collectively, the Company announced net income for the third quarter of 2020 of 171.1 million or 6.36 per diluted share, compared to 92.2 million or 3.43 per diluted share for the same period in 2019. The increase in net income for the third quarter of 2020 was primarily attributable to an increase in after-tax net gain on equity securities due to favorable equity market conditions. This increase was partially offset by a reduction in net realized investment earnings due to fewer sales of real estate related assets in the third quarter of 2020. After-tax net gains on equity securities for the third quarter of 2020 were 120.1 million or 4.47 per diluted share compared to 6.8 million or 0.25 per diluted share for the same period in 2019. After-tax net realized investment earnings for the third quarter of 2020 were 23.6 million or 0.88 per diluted share, compared to 47.1 million or 1.75 per diluted share during the same period in 2019. 