-----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, Ct5rnDtyeHDpkxn2VrOftl9Xeb3lkB+WXAiYWiEYBmpc9toP0mMlFjBA6Oc5pjMB t3cxT45SIw+Y2dmNi5Ml8A== 0000054727-95-000065.txt : 19951215 0000054727-95-000065.hdr.sgml : 19951215 ACCESSION NUMBER: 0000054727-95-000065 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19950930 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19951214 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/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-04618 FILM NUMBER: 95601701 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/A 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________ FORM 8-K/A 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 10, 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 LOS ANGELES, CALIFORNIA 90067-6022 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) Registrant's telephone number, including area code (310) 772-6000 The undersigned registrant hereby amends the following items, financial statements, exhibits or other portions of its Current Report on Form 8-K, dated and filed December 12, 1995, as set forth in the pages attached hereto: Exhibit 99.3 - Pro Forma Condensed Balance Sheet at September 30, 1995, giving effect to the proposed acquisition of Ford Life Insurance Company. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits ------------------------------------------------------------------ (c) Exhibits 99.3 Pro Forma Condensed Balance Sheet at September 30, 1995, giving effect to the proposed acquisition of Ford Life Insurance Company. 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: December 14, 1995 By: /s/ SCOTT L. ROBINSON ----------------------------- Scott L. Robinson Senior Vice President and Controller LIST OF EXHIBITS FILED ---------------------- Exhibit Number - ------- 99.3 Pro Forma Condensed Balance Sheet at September 30, 1995, giving effect to the proposed acquisition of Ford Life Insurance Company. EX-99.3 2 SUNAMERICA INC. PRO FORMA CONDENSED BALANCE SHEET SEPTEMBER 30, 1995 (IN THOUSANDS)
Historical cost financial information as reported Pro forma adjustments -------------------------- ----------------------------- Elimination of Purchase SunAmerica Ford Life Ford Life's credit accounting Pro forma At 9/30/95 At 9/30/95 life business adjustments combined ---------- ---------- ------------- ----------- ---------- Assets Investments $10,808,959 $ 3,093,660 $ (50,127) $ (172,500) (1) $13,679,992 Variable annuity assets 5,263,006 - - - 5,263,006 Deferred acquisition costs 526,415 156,677 (3,946) (60,269) (2) 618,877 Other assets 245,787 193,431 (148,496) - 290,722 ----------- ----------- ------------- ---------- ----------- Total assets $16,844,167 $ 3,443,768 $ (202,569) $ (232,769) $19,852,597 =========== =========== ============= ========== =========== Liabilities and shareholders' equity Reserves for fixed annuity contracts $ 4,862,250 $ 2,998,216 $ (22,232) $ - $ 7,838,234 Reserves for guaranteed investment contracts 3,607,192 - - - 3,607,192 Trust deposits 426,595 - - - 426,595 Unearned premiums - 156,196 (156,196) - - Other liabilities 747,733 85,185 (49,967) 40,650 (3) 823,601 Variable annuity liabilities 5,263,006 - - - 5,263,006 Senior indebtedness 524,835 - - - 524,835 Deferred income taxes 146,847 (16,907) (5,421) (21,094) (4) 103,425 Preferred securities of grantor trust 52,631 - - - 52,631 Shareholders' equity 1,213,078 221,078 31,247 (252,325) (5) 1,213,078 ------------ ------------ -------------- ---------- ----------- Total liabilities and shareholders' equity $ 16,844,167 $ 3,443,768 $ (202,569) $ (232,769) $19,852,597 ============ ============ ============== ========== =========== Footnotes to the Pro Forma Condensed Balance Sheet appear on the following page. SUNAMERICA INC. PRO FORMA CONDENSED BALANCE SHEET SEPTEMBER 30, 1995 (IN THOUSANDS) (CONTINUED) Note (1) - To record the contractual purchase price. Note (2) - To adjust deferred acquisition costs to $92,462, computed as follows: Ford Life's equity at September 30, 1995 after cession of credit life business $ 252,325 Write off Ford Life's deferred acquisition costs, net of related deferred taxes (99,275) Record acquisition taxes and other costs (40,650) Record deferred taxes on excess purchase price (32,362) ------------- Purchase accounting adjusted equity 80,038 Purchase price 172,500 ------------- Deferred acquisition costs arising from this transaction $ 92,462 ============= Note (3) - To record $37,650 of Federal taxes payable resulting from the election to use Section 338 (h)(10) of the Internal Revenue Code and $3,000 of other acquisition costs. Note (4) - To adjust deferred taxes for the tax effect, at 35%, of the adjustment made to deferred acquisition costs. Note (5) - To eliminate Ford Life's adjusted equity.
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