Notice of Annual Shareholders Meeting
The 2017 Annual Meeting of Shareholders of American Savings Life Insurance Company will be held at:
The American Savings Life Building
935 E. Main Street, Suite 100, Mesa, AZ 85203
Tuesday, April 18, 2017 at 10:00 a.m.
For the following purposes:
- To elect four directors, each to serve for a term of two years;
- To ratify the appointment of Larson & Company, PC, CPA, as principal independent auditor;
- To act upon such other matters as may properly come before the meeting.
Shareholders of record as of the close of business on February 28, 2017 are entitle to notice of, and to vote at the annual meeting.
American Savings Stockholder Information
March 31, 2017 Financial Results
|Total Shareholders Equity
|Life Insurance In Force
|Net Operating Income
Note: These figures are unaudited. The percentage changes are the difference between 3/31/16 and 3/31/17 figures.
Stock Buy-Back (Tender) Offer
The Board of Directors has authorized the purchase of Company stock at a price equal to 90% of the last available book value, as prepared on a GAAP basis, adjusted for unpaid declared dividends. As of
March 31, 2017, this adjusted book value is $3.886 per share. Therefore the current tender price is $3.50 per share.
Tender Price: $3.50 Per Share
Semi-Annual Dividend Declared
The following semi-annual dividend has been declared during 2017 to stockholders of record at the end of the month preceding payment:
- 12.0 cent per share dividend paid on April 7, 2017.