-----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, VEOvwbqy6A5Wpg6Lai0Sgu6NRJ+L0JRU/WFFB/YN9z8d4nkNhEMYkRcyl+zMHIsX SNUI3VZ4VbLu7UiucLhyQA== 0000054727-96-000035.txt : 19960425 0000054727-96-000035.hdr.sgml : 19960425 ACCESSION NUMBER: 0000054727-96-000035 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19960331 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19960424 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: 96550086 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) APRIL 23, 1996 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 Item 5. Other Events ------------- The Registrant has released earnings information for the periods ended March 31, 1996 and 1995. See the attached Consolidated Income Statement. Item 7. Financial Statements, Pro Forma Financial Information and --------------------------------------------------------- Exhibits --------- (c) Exhibits Exhibit 20 Consolidated Income Statement SIGNATURES 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. SUNAMERICA INC. Date: April 23, 1996 By: /s/ Scott L. Robinson ----------------------------- Scott L. Robinson Senior Vice President and Controller EXHIBIT 20 SUNAMERICA INC. CONSOLIDATED INCOME STATEMENT (In thousands, except per-share amounts) (Unaudited)
Three months ended March 31, Six months ended March 31, ---------------------------- -------------------------- 1996 1995 1996 1995 -------------- ----------- ------------ ----------- Investment income $ 287,538 $ 215,457 $ 541,528 $ 417,624 -------------- ----------- ------------ ----------- Interest expense on: Fixed annuity contracts (89,588) (62,466) (157,684) (122,344) Guaranteed investment contracts (59,918) (50,306) (121,342) (97,561) Trust deposits (2,552) (2,606) (5,123) (5,276) Senior indebtedness (18,014) (13,363) (33,066) (27,618) -------------- ----------- ------------ ----------- Total interest expense (170,072) (128,741) (317,215) (252,799) -------------- ----------- ------------ ----------- Dividends paid on preferred securities of grantor trusts (5,172) -- (9,893) -- -------------- ----------- ------------ ----------- NET INVESTMENT INCOME 112,294 86,716 214,420 164,825 -------------- ----------- ------------ ----------- NET REALIZED INVESTMENT LOSSES (3,589) (8,344) (2,185) (15,575) -------------- ----------- ------------ ----------- Fee income: Variable annuity fees 25,337 19,768 49,753 40,221 Net retained commissions 13,066 7,383 21,931 14,003 Asset management fees 6,361 6,662 12,864 13,687 Loan servicing fees 6,203 6,055 11,773 8,033 Trust fees 4,126 3,942 8,321 7,692 -------------- ----------- ------------ ------------ TOTAL FEE INCOME 55,093 43,810 104,642 83,636 -------------- ----------- ------------ ------------ Other income and expenses: Surrender charges 5,025 3,412 7,613 6,156 General and administrative expenses (50,242) (41,116) (94,340) (74,224) Amortization of deferred acquisition costs (21,514) (18,740) (40,516) (37,414) Other, net 374 1,016 393 2,884 ------------- ----------- ------------ ------------ TOTAL OTHER INCOME AND EXPENSES (66,357) (55,428) (126,850) (102,598) ------------- ----------- ------------ ------------ PRETAX INCOME 97,441 66,754 190,027 130,288 Income tax expense (29,200) (19,400) (57,000) (37,800) ------------- ----------- ------------ ------------ NET INCOME $ 68,241 $ 47,354 $ 133,027 $ 92,488 ============= =========== ============ ============ EARNINGS PER SHARE $ 0.96 $ 0.68 $ 1.90 $ 1.34 ============= =========== ============ =========== NET EARNINGS APPLICABLE TO COMMON STOCK (used in the computation of earnings per share) $ 65,358 $ 43,180 $ 127,261 $ 84,175 ============= =========== ============ =========== AVERAGE SHARES OUTSTANDING 67,964 63,101 66,855 62,938 ============= =========== ============ ===========
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