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Current Financial Reports
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| CUSIP #029420106 |
| Stockholder Services |
| Prior Annual Reports |
| Letters from the President |
| Financial Statements |
3-Year Summary of Financial Performance
December 31st, 2025
Net Income Data Table
| Period | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Net Income | $1.43 | $1.79 | $2.33 |
Total Assets Data Table
| Period | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Shareholders Equity | $20.5 | $21.3 | $22.2 |
| Liabilities & Reserves | $79 | $100 | $136 |
| Total Assets | $99 | $121 | $158 |
The charts "Total Shareholder Return," "Dividends per Share," and "Net Income" are rolling 12-month periods. For example, the December 2025 figure is the sum of the 12 months from January 2025 through December 2025. The charts "Book Value per Share" and "Total Assets" show totals as of each of the dates shown. All figures are unaudited.
Quarterly financial figures, including the tender price, will be posted no later than 45 days after the close of the quarter. The following are the release dates:
| Release Dates | |
|---|---|
| Q1 | May 15 |
| Q2 | Aug 14 |
| Q3 | Nov 14 |
| Q4 | Feb 14 |
Tender Offer
The Board of Directors has authorized the purchase of 300,000 shares of Company stock this calendar year at a price equal to 90% of the last available book value, on a consolidated basis. The Board of Directors also reserves the right to revoke or modify this offer at any time.
As of December 31st, 2025, this adjusted book value is $5.295 per share.
Dividend Adjustment
The board declares dividends in the February and August board meetings. Shareholders on record as of March 31 or September 30 will receive the dividend, even if they sell their shares afterward.
To keep the tender process fair, beginning the very next day (April 1 and October 1), the tender price will be adjusted downward to reflect the dividend you will receive.
The updated tender price will be calculated as:
(latest published book value - dividend) x 90%
This tender price will apply until the next tender price is published.
| Date Range | Tender Offer |
|---|---|
| Last publication thru March 31 | $5.295 x 90% = $4.77/share |
| April 1 until the next publication | ($5.295 - $0.145) x 90% = $4.64/share |
Tender Price Data Table
| Quarter | Book Value | Tender Price |
|---|---|---|
| Q1 2024 | $4.820 | $4.34 |
| Q2 2024 | $4.914 | $4.42 |
| Q3 2024 | $4.895 | $4.41 |
| Q4 2024 | $5.058 | $4.55 |
| Q1 2025 | $5.053 | $4.55 |
| Q2 2025 | $5.127 | $4.61 |
| Q3 2025 | $5.172 | $4.65 |
| Q4 2025 | $5.295 | $4.77 |
Semi-Annual Dividend
The next cash dividend will be paid on April 10, 2026 in the amount of 14.5 cents per share to stockholders of record at the end of the month preceding payment.
Dividends are typically declared semi-annually by the board of directors, to be paid each April and October.
Semi-Annual Dividends Data Table
| Year | April Div | Oct Div |
|---|---|---|
| 2023 | - | 12.0cents/share |
| 2024 | 13.0cents/share | 13.0cents/share |
| 2025 | 13.5cents/share | 14.0cents/share |
| 2026 | 14.5cents/share | - |
Audited Financial Statements
SAP and Blue Book statements filed with regulatory authorities
Audited SAP (Statutory Accounting Principles) Financial Statements
The following financial statements differ somewhat from the Annual Reports (shown above), since these reports are prepared using specific accounting rules required by state insurance laws (Statutory Accounting Principles), which are different from GAAP (Generally Accepted Accounting Principles), which are the standard financial accounting rules.
Annual Statements (Blue Book) - NAIC Filings
Following are key pages from the detailed financial statements filed with the Arizona Department of Insurance and the NAIC (National Association of Insurance Commissioners). The full annual statements are over 100 pages. Because of their size and they always have a blue cover, they are commonly referred to as the "Blue Book". We are providing here the pages we believe are the most important pages that best represent the financial condition of American Savings Life Insurance Company.
