American National has made the strategic decision to stop writing new life insurance business and will focus on continuing to grow our Annuity, Pension Risk Transfer (PRT) and farm and ranch and targeted commercial Property & Casualty businesses. As of May 31, 2025, American National will no longer accept new life insurance applications.
American National Announcement
Legal and General (Banner) announced that it is selling its U.S. protection and pension risk transfer businesses to Japanese carrier Meiji Yasuda Life Insurance Company. The deal, which is expected to close in late 2025, will have Meiji Yasuda owning all its U.S. life businesses and will also have a 20% stake in its U.S. pension risk transfer business.