American National maintains the highest ethical standards in business practices and financial reporting. All of the company's business activities are designed to adhere to the company's code of ethical conduct that promotes:

• Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships
• Full, fair, accurate, timely, and understandable disclosures in public reports and documents
• Compliance with applicable governmental laws, rules, and regulations
• The prompt internal reporting of violations of the code to an appropriate person or persons identified in the code
• Accountability for adherence to the code