2022 Annual Report

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Stockholder Information
CUSIP #029420106

March 31, 2023 Financial Results

Total Assets $89,346,188
Total Shareholders Equity $19,734,573
Total Annuities $49,748,710
Life Insurance In Force $23,761,344
Net Income $481,051
Note: These figures are unaudited. The percentage changes are the difference between 3/31/2022 and 3/31/2023 figures.

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, as prepared on a GAAP basis. The Board of Directors also reserves the right to revoke or modify this offer at any time.

As of March 31, 2023, this adjusted book value is $4.628 per share. Therefore the current tender price is $4.17 per share.

Tender Price $4.628 x 90% = $4.17/share

Semi-Annual Dividend

The board of directors has approved, subject to regulatory approval, the semi-annual dividend of 13.0 cents per share to be paid on Apr 12, 2023 to stockholders of record at the end of the month preceding payment.

Apr 12, 202313.0¢/share

Annual Reports

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.

2021  SAP Financial Statement 2020  SAP Financial Statement 2019  SAP Financial Statement 2018  SAP Financial Statement 2017  SAP Financial Statement
2016  SAP Financial Statement 2015  SAP Financial Statement 2014  SAP Financial Statement 2013  SAP Financial Statement 2012  SAP Financial Statement

Annual Statements (Blue Book) filed with Insurance Department and NAIC

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.

2019 Annual Statement Key Pages 2019 Annual Statement Key Pages 2019 Annual Statement Key Pages 2018 Annual Statement Key Pages 2017 Annual Statement Key Pages
2016 Annual Statement Key Pages 2015 Annual Statement Key Pages 2014 Annual Statement Key Pages 2013 Annual Statement Key Pages 2012 Annual Statement Key Pages