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Earnings roundup: American National posts higher Q4'17 operating income YOY

With earnings season in gear, S&P Global Market Intelligence presents a snapshot of recently reported financial results for companies in the financial services space.

Multiline

American National Insurance Co. reported fourth-quarter 2017 after-tax operating income of $288.2 million, or $10.69 per share, compared with $46.3 million, or $1.72 per share, in the year-ago period.

Net income for the quarter was $344.6 million, or $12.78 per share, up from $59.8 million, or $2.22 per share, in the prior-year period.

The increase in fourth quarter net income includes a provisional $206.4 million benefit resulting from the U.S. tax reform.

Property and casualty

State Auto Financial Corp. reported a fourth-quarter 2017 net loss of $5.8 million, or 14 cents per share, compared with net income of $32.5 million, or 77 cents per share, in the year-ago quarter.

Net loss from operations for the quarter was $19.6 million, or 46 cents per share, compared with net income from operations of $19.6 million, or 46 cents per share, in the prior-year quarter.

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Universal Insurance Holdings Inc. reported fourth-quarter 2017 net income of $36.4 million, or $1.03 per share, up from $13.7 million, or 38 cents per share, in the fourth quarter of 2016.