8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported), August 15, 2006 (August 14, 2006)

AMERUS GROUP CO.

(Exact Name of Registrant as Specified in its Charter)

IOWA	001-15166	42-1458424
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)
699 WALNUT STREET DES MOINES, IOWA		50309-3948
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (515) 362-3600

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.

On August 14, 2006, AmerUs Group Co. (the “Company”) announced the final terms of the Company’s Income PRIDES conversion. A copy of the press release is attached to this Current Report on Form 8-K, which the Company is filing under this Item 8.01, as Exhibit 99.1.

ITEM 9.01 (d). EXHIBITS

99.1 Press Release, dated August 14, 2006.

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

AMERUS GROUP CO.
By:	/s/ Melinda Urion
	Melinda Urion
	Executive Vice President, Chief Financial Officer & Treasurer

Dated: August 15, 2006

EXHIBITS

Exhibit No.	Description
99.1	Press Release, dated August 14, 2006.

EX-99.1

EXHIBIT 99.1

FOR IMMEDIATE RELEASE	For more information, contact:
	Martin P. Ketelaar, Vice President,
	Investor Relations
	(515) 362-3693

AmerUs Group Announces Final Income PRIDES Terms

     DES MOINES, Iowa (August 14, 2006)—AmerUs Group Co. (NYSE: AMH), a leading producer of life insurance and annuity products, today announced the final terms of the company’s Income PRIDES (NYSE: AMH PrA) conversion occurring on August 16, 2006.

     Under the terms of the agreement, AmerUs Group will issue 4,885,775 shares of common stock, or a conversion rate of 0.8497 shares of common stock for each issued and outstanding Income PRIDES security. Holders of Income PRIDES will also receive their final quarterly contract adjustment payment of 0.75 percent of the $25 stated amount per year, or $0.046875. Additionally, a cash distribution on the applicable ownership interest of the Treasury portfolio, at the rate of 5.50 percent of the $25 stated amount, will be paid from BNY Midwest Trust Company, at a rate of $0.34375 per Income PRIDES.

     In May 2006, the company remarketed the senior notes originally associated with the Income PRIDES under the terms of the agreement. At that time, the interest rate and maturity date on the remarketed senior notes was reset to 6.583 percent and May 16, 2011, respectively. Interest payments on the remarketed debt will be payable semi-annually in arrears on May 16 and November 16 of each year. The first interest payment will be made on November 16, 2006.

     AmerUs Group Co. is located in Des Moines, Iowa, and is engaged through its subsidiaries in the business of marketing individual life insurance and annuity products in the United States. Its major subsidiaries include: AmerUs Life Insurance Company, American Investors Life Insurance Company, Inc., Bankers Life Insurance Company of New York and Indianapolis Life Insurance Company.

     As of June 30, 2006, AmerUs Group’s total assets were $24.6 billion and shareholders’ equity totaled $1.6 billion, including accumulated other comprehensive income.

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