-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OESiQjoYv82xntHCJZ5BeXBbegdcPrKl8DMOaC/MEHKtwn8QcxUoDu1BSXcDnb1N IQpzXelEX5RT4gS8mPWVAw== 0000054727-95-000059.txt : 19951118 0000054727-95-000059.hdr.sgml : 19951118 ACCESSION NUMBER: 0000054727-95-000059 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19950930 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19951109 SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: SUNAMERICA INC CENTRAL INDEX KEY: 0000054727 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 860176061 STATE OF INCORPORATION: MD FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04618 FILM NUMBER: 95588463 BUSINESS ADDRESS: STREET 1: 1 SUNAMERICA CENTER CITY: LOS ANGELES STATE: CA ZIP: 90067-6022 BUSINESS PHONE: 3107726000 FORMER COMPANY: FORMER CONFORMED NAME: KAUFMAN & BROAD INC DATE OF NAME CHANGE: 19890515 FORMER COMPANY: FORMER CONFORMED NAME: KAUFMAN & BROAD BUILDING CO DATE OF NAME CHANGE: 19711006 8-K 1 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) November 7, 1995 SUNAMERICA INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER) MARYLAND 1-4618 86-0176061 (STATE OR OTHER JURISDICTION (COMMISSION (IRS EMPLOYER OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO.) 1 SUNAMERICA CENTER, CENTURY CITY LOS ANGELES, CALIFORNIA 90067-6022 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) Registrant's telephone number, including area code (310) 772-6000 Item 5. Other Events ------------- The Registrant has released financial position and earnings information as of and for the periods ending September 30, 1995. See the attached Condensed Consolidated Balance Sheet and Condensed Consolidated Income Statement. Item 7. Financial Statements, Pro Forma Financial Information and --------------------------------------------------------- Exhibits --------- (c) Exhibits Exhibit 20(a) Condensed Consolidated Balance Sheet Exhibit 20(b) Condensed Consolidated Income Statement SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SUNAMERICA INC. Date: November 8, 1995 By: /s/ Scott L. Robinson ----------------------------- Scott L. Robinson Senior Vice President and Controller EXHIBIT 20(a) SUNAMERICA INC. CONDENSED CONSOLIDATED BALANCE SHEET
September 30, September 30, (In thousands) 1995 1994 -------------- ------------- ASSETS Cash and short-term investments $ 855,350 $ 569,382 Bonds, notes and redeemable preferred stocks: Available for sale, at fair value 6,589,502 5,270,738 Held for investment, at amortized cost 713,269 1,064,132 Mortgage loans 1,543,285 1,426,924 Common stocks, at fair value 39,906 61,660 Partnerships 774,417 593,854 Real estate 105,637 107,053 Other invested assets 187,593 186,647 -------------- -------------- Total investments 10,808,959 9,280,390 Variable annuity assets 5,263,006 4,513,093 Deferred acquisition costs 526,415 581,874 Other assets 245,787 280,868 -------------- -------------- TOTAL ASSETS $ 16,844,167 $ 14,656,225 ============== ============== LIABILITIES AND SHAREHOLDERS' EQUITY Reserves for fixed annuity contracts $ 4,862,250 $ 4,519,623 Reserves for guaranteed investment contracts 3,607,192 2,783,522 Trust deposits 426,595 442,320 Variable annuity liabilities 5,263,006 4,513,093 Senior indebtedness 524,835 501,497 Payable to brokers for purchases of securities 473,728 643,734 Other payables and accrued liabilities 274,005 217,029 Deferred income taxes 146,847 74,319 Preferred securities of grantor trust 52,631 -- Shareholders' equity 1,213,078 961,088 -------------- -------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 16,844,167 $ 14,656,225 ============== ==============
EXHIBIT 20(b) SUNAMERICA INC. CONDENSED CONSOLIDATED INCOME STATEMENT (In thousands, except per share amounts)
Quarters ended September 30, Years ended September 30, ------------------------- ------------------------- 1995 1994 1995 1994 ----------- ----------- ----------- ----------- (Unaudited) Net investment income: Investment income $ 254,917 $ 197,198 $ 905,802 $ 758,150 Interest expense (148,891) (118,435) (540,247) (463,696) ----------- ----------- ----------- ----------- NET INVESTMENT INCOME 106,026 78,763 365,555 294,454 ----------- ----------- ----------- ----------- NET REALIZED INVESTMENT LOSSES (8,462) (4,558) (33,012) (21,124) ----------- ----------- ----------- ----------- Fee income: Variable annuity fees 23,116 20,335 84,583 79,483 Net retained commissions 9,911 7,121 32,584 28,009 Asset management fees 6,536 7,285 26,935 31,302 Loan servicing fees 5,885 -- 19,792 -- Trust fees 3,810 2,891 15,394 11,942 ----------- ----------- ----------- ------------ TOTAL FEE INCOME 49,258 37,632 179,288 150,736 ----------- ----------- ----------- ------------ Other income and expenses: Surrender charges 2,716 2,682 11,885 10,716 General and administrative expenses (47,958) (34,588) (166,540) (132,743) Amortization of deferred acquisition costs (21,632) (18,351) (80,829) (66,925) Other, net 5 2,187 3,259 4,887 ---------- ----------- ----------- ------------ TOTAL OTHER INCOME AND EXPENSES (66,869) (48,070) (232,225) (184,065) ---------- ----------- ----------- ------------ PRETAX INCOME 79,953 63,767 279,606 240,001 Income tax expense (26,500) (20,100) (85,400) (74,700) ---------- ----------- ----------- ------------ INCOME BEFORE CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING FOR INCOME TAXES 53,453 43,667 194,206 165,301 Cumulative effect of change in accounting for income taxes -- -- -- (33,500) ---------- ----------- ----------- ------------ NET INCOME $ 53,453 $ 43,667 $ 194,206 $ 131,801 ========== =========== =========== ============ EARNINGS PER SHARE*: INCOME BEFORE CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING FOR INCOME TAXES $ .80 $ 0.63 $ 2.84 $ 2.39 Cumulative effect of change in accounting for income taxes -- -- (0.54) ---------- ----------- ----------- ----------- NET INCOME $ .80 $ 0.63 $ 2.84 $ 1.85 ========== =========== =========== =========== AVERAGE COMMON SHARES OUTSTANDING* 63,149 62,480 63,114 62,415 ========== =========== =========== =========== *Adjusted to reflect the effect of a three-for-two stock split to be paid on November 10, 1995,
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