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Stockholders' Equity and Noncontrolling Interests (Tables)
9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Common Stock, Amounts Outstanding The amounts outstanding at the dates indicated are shown below:
 
September 30, 2019
 
December 31, 2018
Common stock
 
 
 
Shares issued
30,832,449

 
30,832,449

Treasury shares
(3,945,249
)
 
(3,947,000
)
Outstanding shares
26,887,200

 
26,885,449

Restricted shares
(10,000
)
 
(10,000
)
Unrestricted outstanding shares
26,877,200

 
26,875,449


Stock-Based Compensation Information
SAR, RS and RSU information for the periods indicated are shown below:
 
SAR
 
RS Shares
 
RS Units
 
Shares
 
Weighted-Average
Grant Date
Fair Value
 
Shares
 
Weighted-Average
Grant Date
Fair Value
 
Units
 
Weighted-Average
Grant Date
Fair Value
Outstanding at December 31, 2018
335

 
$
84.41

 
10,000

 
$
80.05

 
18,316

 
$
111.12

Granted

 

 

 

 
8,250

 
113.19

Exercised

 

 

 

 
(18,316
)
 
111.12

Forfeited

 

 

 

 

 

Expired
(269
)
 
77.90

 

 

 

 

Outstanding at September 30, 2019
66

 
$
110.83

 
10,000

 
$
80.05

 
8,250

 
$
113.19

 
SAR
 
RS Shares
 
RS Units
Weighted-average contractual remaining life (in years)
0.59

 
3.42

 
0.59

Exercisable shares
66

 
N/A

 
N/A

Weighted-average exercise price
$
110.83

 
$
80.05

 
$
111.12

Weighted-average exercise price exercisable shares
110.83

 
N/A

 
N/A

Compensation expense (credit)
 
 
 
 
 
Three months ended September 30, 2019
$
1,000

 
$
20,000

 
$
154,000

Three months ended September 30, 2018
7,000

 
24,000

 
371,000

Nine months ended September 30, 2019
$
(14,000
)
 
$
60,000

 
$
1,094,000

Nine months ended September 30, 2018
(27,000
)
 
308,000

 
920,000

Fair value of liability award
 
 
 
 
 
September 30, 2019
$
1,000

 
N/A

 
$
1,021,000

December 31, 2018
33,000

 
N/A

 
2,426,000


Summary of Basic and Diluted Earnings Per Share
 
Three months ended September 30,
 
Nine months ended September 30,
 
2019
 
2018
 
2019
 
2018
Weighted average shares outstanding
26,881,700

 
26,886,498

 
26,883,025

 
26,886,299

Incremental shares from RS awards and RSUs
6,472

 
6,515

 
6,313

 
37,241

Total shares for diluted calculations
26,888,172

 
26,893,013

 
26,889,338

 
26,923,540

Net income attributable to American National (in thousands)
$
92,184

 
$
173,464

 
$
449,241

 
$
276,380

Basic earnings per share
$
3.43

 
$
6.45

 
$
16.71

 
$
10.28

Diluted earnings per share
$
3.43

 
$
6.44

 
$
16.71

 
$
10.26





Statutory Capital and Surplus and Net Income of Insurance Entities in Accordance with Statutory Accounting Practices
The statutory capital and surplus and net income of our life and property and casualty insurance entities in accordance with statutory accounting practices are shown below (in thousands):
 
 
September 30, 2019
 
December 31, 2018
Statutory capital and surplus
 
 
 
 
Life insurance entities
 
$
2,268,400

 
$
1,989,586

Property and casualty insurance entities
 
1,295,544

 
1,183,913

 
Three months ended September 30,
 
Nine months ended September 30,
 
2019
 
2018
 
2019
 
2018
Statutory net income
 
 
 
 
 
 
 
Life insurance entities
$
26,498

 
$
9,537

 
$
32,196

 
$
25,650

Property and casualty insurance entities
15,626

 
21,382

 
66,090

 
30,611