EduInvesting.in | May 9, 2025
When you think of multibagger stocks, you probably picture rocket ships. You know, the kind of stocks that go straight up, fueled by hype and memers. But sometimes, the biggest winners don’t get the Instagram filters they deserve.
Enter American National Group (NASDAQ: ANAT) — an insurance company that somehow turned into one of the most lucrative stocks of the past year, despite barely making a peep in the media.
Up 300% from the lows in 2023, this $3 stock is now cruising near the $12 mark, and it’s doing it without much noise.
How did this once-forgotten insurance player end up surprising the entire market?
💼 What Does American National Actually Do?
First off, let’s clarify — American National isn’t exactly a fresh new tech company or an AI wizard. It’s an insurance firm.
And while insurance may not seem like the most exciting sector (unless you’re the person staring at your car insurance premium every six months), ANAT has quietly positioned itself in a way that’s worked wonders for its shareholders.
Their services cover:
- Life insurance
- Health insurance
- Annuities
- Property and casualty insurance
Basically, they protect you from life’s disasters — from your car to your health, all the way to your mortgage.
And everyone needs insurance — even when the market’s chaotic, and AI robots haven’t yet replaced every insurance agent.
📈 The Shocking 300% Gain
| Metric | Value (2024/25) |
|---|---|
| Market Cap | ~$3 Billion |
| Revenue (2024) | ~$8 Billion |
| Stock Price (2023 Low) | $3.10 |
| Stock Price (Now) | $12.50 |
| 1-Year Stock Gain | 300% |
| Dividend Yield | 3.2% |
What’s behind this
300% rise? A cocktail of factors that might surprise you.
🧠 The Secret Sauce
✅ 1. The Low-Key Buyout Deal
Back in 2024, Brookfield Asset Management quietly made an offer to take American National private. While the deal is still pending (and may still happen), the rumors were enough to send the stock skyrocketing.
Brookfield, a giant in the financial and real estate space, saw something in ANAT that many others missed — they were undervalued, but with steady, consistent profits, they were a perfect fit for acquisition.
The speculation that an acquisition could happen led to a flood of buying.
✅ 2. Solid Growth in Insurance Premiums
They aren’t just playing the “hold and hope” game. American National has been growing its premiums, especially in life and annuity sectors, which are relatively recession-proof. That means more stable revenue even in tough economic conditions.
In fact, life insurance premiums grew 8% YoY in 2024, while their annuity business surged by 10%. So, despite the
