Exhibit 99.1

AMERUS GROUP CO.
CONSOLIDATED STATEMENTS OF INCOME
($ in thousands, except share data)

		For The Three Months Ended September 30,						For The Nine Months Ended September 30,
		2003			2002			2003		2002
Revenues:
	Insurance premiums	$	64,355		$	80,926		$	225,597	$	263,262
	Product charges		40,634			37,054			136,168		111,110
	Net investment income		244,278			256,732			751,098		748,399
	Realized gains (losses) on investments		9,770			(11,632	)		41,566		(58,019	)
	Unrealized gains (losses) on investments		(1,228	)		(10,319	)		33,799		(64,555	)
	Other income		17,757			20,634			53,073		53,568
			375,566			373,395			1,241,301		1,053,765
Benefits and expenses:
	Policyowner benefits		195,020			225,201			673,145		643,648
	Underwriting, acquisition and other expenses		40,734			38,485			114,533		122,276
	Demutualization costs		—			722			—		1,186
	Restructuring costs		1,551			2,569			17,415		10,780
	Amortization of deferred policy acquisition costs and value of business acquired		47,780			35,289			147,755		103,452
	Dividends to policyowners		22,016			24,377			86,330		72,000
			307,101			326,643			1,039,178		953,342
Income before interest and income tax expense			68,465			46,752			202,123		100,423
Interest expense			7,864			6,414			22,238		18,778
Income before income tax expense			60,601			40,338			179,885		81,645
Income tax expense			19,766			13,848			59,545		25,978
Net income		$	40,835		$	26,490		$	120,340	$	55,667
Net income per common share:
	Basic	$	1.04		$	0.67		$	3.07	$	1.38
	Diluted	$	1.03		$	0.66		$	3.05	$	1.36
Weighted average common shares outstanding:
	Basic		39,208,151			39,497,355			39,144,872		40,327,236
	Diluted		39,650,473			39,835,426			39,453,126		40,812,121

AMERUS GROUP CO.
CONSOLIDATED BALANCE SHEETS
($ in thousands)

				September 30,		December 31,
				2003		2002
Assets
Investments:
	Securities available-for-sale at fair value:
		Fixed maturity securities		$	14,218,810	$	13,328,902
		Equity securities			71,475		63,345
		Short-term investments			23,308		32,318
	Securities held for trading purposes:
		Fixed maturity securities			1,840,758		1,843,868
		Equity securities			537		—
	Mortgage loans				939,975		883,034
	Real estate				33		476
	Policy loans				491,512		496,753
	Other investments				389,756		283,794
			Total investments		17,976,164		16,932,490
Cash and cash equivalents					681,607		102,612
Accrued investment income					198,515		185,660
Premiums, fees and other receivables					40,886		13,082
Reinsurance receivables					663,020		865,930
Deferred policy acquisition costs					1,001,877		884,239
Value of business acquired					428,459		454,159
Goodwill					224,075		218,995
Property and equipment					49,016		74,188
Other assets					332,818		326,397
Separate account assets					243,464		235,913
			Total assets	$	21,839,901	$	20,293,665

AMERUS GROUP CO.
CONSOLIDATED BALANCE SHEETS
($ in thousands)

				September 30,			December 31,
				2003			2002
Liabilities and Stockholders’ Equity
Liabilities:
	Policy reserves and policyowner funds:
		Future life and annuity policy benefits		$	16,723,784		$	16,244,016
		Policyowner funds			1,537,345			1,335,144
					18,261,129			17,579,160
	Accrued expenses and other liabilities				869,770			283,836
	Dividends payable to policyowners				353,828			303,062
	Policy and contract claims				32,731			39,569
	Income taxes payable				54,813			61,325
	Deferred income taxes				59,712			16,499
	Notes payable				552,670			511,353
	Separate account liabilities				243,464			235,913
			Total liabilities		20,428,117			19,030,717
Stockholders’ equity:
	Preferred Stock, no par value, 20,000,000 shares authorized, none issued				—			—
	Common Stock, no par value, 230,000,000 shares authorized; 43,816,580 shares issued and 39,171,878 shares outstanding in 2003; 43,656,280 shares issued and 39,011,578 shares outstanding in 2002				43,817			43,656
	Additional paid-in capital				1,183,541			1,179,646
	Accumulated other comprehensive income				114,197			88,522
	Unearned compensation				(1,730	)		(458	)
	Unallocated ESOP shares				(1,406	)		(1,443	)
	Retained earnings				229,857			109,517
	Treasury stock, at cost (4,644,702 shares in 2003 and 2002)				(156,492	)		(156,492	)
			Total stockholders’ equity		1,411,784			1,262,948
			Total liabilities and stockholders’ equity	$	21,839,901		$	20,293,665

AMERUS GROUP CO.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
For the Nine Months Ended September 30, 2003 and the Year Ended December 31, 2002
($ in thousands)

							Accumulated
				Additional			Other						Unallocated									Total
				Paid-In			Comprehensive			Unearned			ESOP			Retained			Treasury			Stockholders’
		Common Stock		Capital			Income			Compensation			Shares			Earnings			Stock			Equity
Balance at December 31, 2001		$	43,506	$	1,177,688		$	12,669		$	(727	)	$	(224	)	$	62,187		$	(56,582	)	$	1,238,517
2002:
	Net income		—		—			—			—			—			62,866			—			62,866
	Net unrealized gain on securities		—		—			73,646			—			—			—			—			73,646
	Net unrealized gain on derivatives designated as cash flow hedges		—		—			3,434			—			—			—			—			3,434
	Stock issued under various incentive plans, net of forfeitures		150		5,730			—			269			—			—			1			6,150
	Stock issued under exercise of warrants		—		(3,802	)		—			—			—			—			12,205			8,403
	Purchase of treasury stock and ESOP shares		—		—			—			—			(2,522	)		—			(112,116	)		(114,638	)
	Dividends declared on common stock		—		—			—			—			—			(15,536	)		—			(15,536	)
	Allocation of shares in leveraged ESOP		—		30			—			—			1,303			—			—			1,333
	Minimum pension liability adjustment		—		—			(1,227	)		—			—			—			—			(1,227	)
Balance at December 31, 2002			43,656		1,179,646			88,522			(458	)		(1,443	)		109,517			(156,492	)		1,262,948
2003:
	Net income		—		—			—			—			—			120,340			—			120,340
	Net unrealized gain (loss) on securities		—		—			23,510			—			—			—			—			23,510
	Net unrealized gain (loss) on derivatives designated as cash flow hedges		—		—			2,165			—			—			—			—			2,165
	Stock issued under various incentive plans, net of forfeitures		161		11,162			—			(1,272	)		—			—			—			10,051
	PRIDES purchase contract adjustments and allocated fees and expenses		—		(7,267	)		—			—			—			—			—			(7,267	)
	Allocation of shares in leveraged ESOP		—		—			—			—			37			—			—			37
Balance at September 30, 2003		$	43,817	$	1,183,541		$	114,197		$	(1,730	)	$	(1,406	)	$	229,857		$	(156,492	)	$	1,411,784