-----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, KgclORXObT9AdT197LcX+rVk58vXUdrRmCPh15elHpI2ufrhLhioCjzm0RE50rZK 1N2sCqy2c0IlKKq5r6CdIg== 0000054727-96-000003.txt : 19960131 0000054727-96-000003.hdr.sgml : 19960131 ACCESSION NUMBER: 0000054727-96-000003 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19951231 ITEM INFORMATION: Acquisition or disposition of assets ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19960129 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: 96507806 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) January 24, 1996 SUNAMERICA INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER) MARYLAND 1-4618 86-0176061 (STATE OR OTHER JURISDICTION (COMMISSION FILE NUMBER) (IRS EMPLOYER OF INCORPORATION) 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 financial position and earnings information as of and for the three months ended December 31, 1995. See the attached Condensed Consolidated Balance Sheet and 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) 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: January 26, 1996 By: /s/ Scott L. Robinson ----------------------------- Scott L. Robinson Senior Vice President and Controller EXHIBIT 20(a) SUNAMERICA INC. CONDENSED CONSOLIDATED BALANCE SHEET (In thousands - unaudited)
December 31, September 30, 1995 1995 -------------- ------------- ASSETS Cash and short-term investments $ 657,210 $ 855,350 Bonds, notes and redeemable preferred stocks: Available for sale, at fair value 8,210,874 6,584,488 Held for investment, at amortized cost -- 718,283 Mortgage loans 1,575,390 1,543,285 Common stocks, at fair value 36,619 39,906 Partnerships 794,279 774,417 Real estate 103,418 105,637 Other invested assets 209,318 187,593 -------------- -------------- Total investments 11,587,108 10,808,959 Variable annuity assets 5,454,132 5,263,006 Deferred acquisition costs 532,941 526,415 Other assets 270,172 245,787 -------------- -------------- TOTAL ASSETS $ 17,844,353 $ 16,844,167 ============== ============== LIABILITIES AND SHAREHOLDERS' EQUITY Reserves for fixed annuity contracts $ 5,486,957 $ 4,862,250 Reserves for guaranteed investment contracts 3,683,168 3,607,192 Trust deposits 427,788 426,595 Variable annuity liabilities 5,454,132 5,263,006 Senior indebtedness 539,835 524,835 Payable to brokers for purchases of securities -- 473,728 Other payables and accrued liabilities 289,048 274,005 Deferred income taxes 159,792 146,847 Preferred securities of grantor trusts 237,631 52,631 Shareholders' equity 1,566,002 1,213,078 -------------- -------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 17,844,353 $ 16,844,167 ============== ==============
EXHIBIT 20(b) SUNAMERICA INC. CONSOLIDATED INCOME STATEMENT (In thousands, except per share amounts) (Unaudited)
Three months ended December 31, -------------------------------------- 1995 1994 ------------- ------------- Investment income $ 253,990 $ 202,167 ------------- ------------- Interest expense on: Fixed annuity contracts (68,096) (59,878) Guaranteed investment contracts (61,424) (47,255) Trust deposits (2,571) (2,670) Senior indebtedness (15,052) (14,255) ------------- ------------- Total interest expense (147,143) (124,058) ------------- ------------- Dividends paid on preferred securities of grantor trusts (4,721) -- ------------- ------------- NET INVESTMENT INCOME 102,126 78,109 ------------- ------------- NET REALIZED INVESTMENT GAINS (LOSSES) 1,404 (7,231) ------------- ------------- Fee income: Variable annuity fees 24,416 20,453 Net retained commissions 8,865 6,620 Asset management fees 6,503 7,025 Loan servicing fees 5,570 1,978 Trust fees 4,195 3,750 ------------- ------------- TOTAL FEE INCOME 49,549 39,826 ------------- ------------- Other income and expenses: Surrender charges 2,588 2,744 General and administrative expenses (44,098) (33,108) Amortization of deferred acquisition costs (19,002) (18,674) Other, net 19 1,868 ------------- ------------- TOTAL OTHER INCOME AND EXPENSES (60,493) (47,170) ------------- ------------- PRETAX INCOME 92,586 63,534 Income tax expense (27,800) (18,400) ------------- ------------- NET INCOME $ 64,786 $ 45,134 ============= ============= EARNINGS PER SHARE $ 0.94 $ 0.65 ============= ============= NET EARNINGS APPLICABLE TO COMMON STOCK (used in the computation of earnings per share) $ 61,903 $ 40,995 ============= ============= AVERAGE SHARES OUTSTANDING 65,746 62,776 ============= =============
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