American National Group (“American National”) today announced the
launch of its first proprietary custom index, which will be paired
with American National’s Strategy Index 10 annuity. Developed in
collaboration with BNP Paribas, the Patriot Technology Index is
designed to offer clients a unique blend of innovation, protection,
and growth potential.
The Strategy Index 10 annuity includes a flexible
premium option, allowing clients to adapt their investment
strategies over time with a 10-year surrender period. This
flexibility is crucial for meeting the evolving financial goals and
needs of clients. Furthermore, the indexed annuity offers clients
the option of allocating their investments across various
strategies to diversify their portfolios. Available options include
the S&P 500®, S&P MARC 5%, Nasdaq®, and the new Patriot
Technology Index.
The Patriot Technology Index is comprised of U.S. large and
mid-cap technology companies identified by the U.S. government as
critical and emerging technologies that help to inform national
security-related activities. This index provides clients with a
unique investment opportunity, leveraging the strong performance of
the U.S. stock market and the trend towards deglobalization. As the
market shifts, U.S.-focused and U.S.-based companies are poised for
considerable upside, making this a strategic addition to any
portfolio.
“We are excited to introduce the Patriot Technology Index,
reflecting our commitment to innovation and our dedication to
serving the needs of our prospective and existing clients with
products to meet their financial goals,” said Chad Ferrell, Senior
Vice President and Chief of Life and Annuity Distribution at
American National. “This collaboration enables us to offer a
proprietary index that is composed of US Large/Mid Cap companies
that align with the U.S. priorities and interest.”
“BNP Paribas is excited to be working with American National to
bring a highly differentiated and exclusive index strategy to
market,” added Ryan Cullen, Head of EQD Insurance Solutions Sales
at BNP Paribas.
The Patriot Technology Index offers exposure to U.S. companies
with the potential to benefit from strategic investment in 14
critical and emerging technologies identified by the U.S.
government and incorporates geostrategic risk ratings made possible
through a collaboration with the industry-leading teams at J.H.
Whitney and Solactive.
ABOUT AMERICAN NATIONAL
American National is a group of companies writing a broad array
of insurance products and services and operating in all 50 states.
American National Insurance Company was founded in 1905 and is
headquartered in Galveston, Texas. Life insurance, annuities,
health insurance, credit insurance, pension products, and other
products and services are written through multiple companies.
Property and casualty insurance is written through American
National Property And Casualty Company, Springfield, Missouri, and
affiliates. In New York, business is written through Farm Family
Casualty Insurance Company, United Farm Family Insurance Company,
and American National Life Insurance Company of New York, Glenmont,
New York. Not all products and services are available in all
states. Not all companies are licensed in all states. Each company
has financial responsibility for only the products and services it
issues. For more information, please
visit AmericanNational.com.
ABOUT BNP PARIBAS
BNP Paribas is the European Union’s leading bank and key player
in international banking. It operates in 63 countries and has
nearly 183,000 employees, including more than 145,000 in Europe.
The Group has key positions in its three main fields of activity:
Commercial, Personal Banking & Services for the Group’s
commercial & personal banking and several specialized
businesses including BNP Paribas Personal Finance and Arval;
Investment & Protection Services for savings, investment and
protection solutions; and Corporate & Institutional Banking,
focused on corporate and institutional clients. Based on its strong
diversified and integrated model, the Group helps all its clients
(individuals, community associations, entrepreneurs, SMEs,
corporates and institutional clients) to realize their projects
through solutions spanning financing, investment, savings and
protection insurance. In Europe, BNP Paribas has four domestic
markets: Belgium, France, Italy and Luxembourg. The Group is
rolling out its integrated commercial & personal banking model
across several Mediterranean countries, Turkey, and Eastern Europe.
As a key player in international banking, the Group has leading
platforms and business lines in Europe, a strong presence in the
Americas as well as a solid and fast-growing business in
Asia-Pacific. BNP Paribas has implemented a Corporate Social
Responsibility approach in all its activities, enabling it to
contribute to the construction of a sustainable future, while
ensuring the Group's performance and stability.
This product is not sponsored, endorsed, sold, or promoted by
BNP Paribas or any of its affiliates (collectively, “BNP Paribas”).
Neither BNP Paribas nor any other party (including without
limitation any calculation agents or data providers) makes any
representation or warranty, express or implied, regarding the
advisability of purchasing this product. BNPP Patriot Technology
Index (the “Index”) is the exclusive property of BNP Paribas. BNP
Paribas and the Index are service marks of BNP Paribas and have
been licensed for use for certain purposes by American National
Insurance Company. Neither BNP Paribas nor any other party has or
will have any obligation or liability to owners of this product in
connection with the administration or marketing of this product,
and neither BNP Paribas nor any other party guarantees the accuracy
and/or the completeness of the Index or any data included
therein.
The S&P MARC 5% Index and the S&P 500® Index are
products of S&P Dow Jones Indices LLC or its affiliates
(“SPDJI”) and have been licensed for use by American National
Insurance Company. S&P®, S&P 500®, US 500, The 500, iBoxx®,
iTraxx® and CDX® are trademarks of S&P Global, Inc. or its
affiliates (“S&P”); Dow Jones® is a registered trademark of Dow
Jones Trademark Holdings LLC (“Dow Jones”) and these trademarks
have been licensed for use by SPDJI and sublicensed for certain
purposes by American National Insurance Company. American National
Insurance Company’s products are not sponsored, endorsed, sold or
promoted by SPDJI, Dow Jones, S&P, their respective affiliates,
and none of such parties make any representation regarding the
advisability of investing in such product(s) nor do they have any
liability for any errors, omissions, or interruptions of the
S&P MARC 5% Index and the S&P 500® Index.
Nasdaq® and the Nasdaq-100 Index® are registered trademarks of
Nasdaq, Inc. (which with its affiliates is referred to as the
“Corporations”) and are licensed for use by American National
Insurance Company. The Product(s) have not been passed on by the
Corporations as to their legality or suitability. The Product(s)
are not issued, endorsed, sold, or promoted by the Corporations.
THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH
RESPECT TO THE PRODUCT(S).
Guarantees are based on the claims paying ability of American
National Insurance Company. Form Series FPIA19. Forms may vary by
state. American National Insurance Company, Galveston, Texas.
Contact: Scott CampbellSVP, Corporate
CommunicationsScott.Campbell@AmericanNational.com