Stockholder Information
CUSIP #029420106
October 31, 2021 Financial Results
| Total Assets | $74,838,732 | +4.6% | |
|---|---|---|---|
| Total Shareholders Equity | $18,949,335 | -0.8% | |
| Total Annuities | $35,995,848 | +2.9% | |
| Life Insurance In Force | $20,505,307 | +6.4% | |
| Net Income | $997,265 | -5.8% |
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 October 31, 2021, this adjusted book value is $4.389 per share. Therefore the current tender price is $3.95 per share.
Tender Price:$3.95/share
Letter from the President
Click here to read the latest letter (and previous letters) from the President to the shareholders.
Semi-Annual Dividend
The following semi-annual dividends were paid during 2021 to stockholders of record at the end of the month preceding payment.
Apr 10, 2021:10.0¢/share
Oct 13, 2021:12.0¢/share
Annual Reports
Annual Stockholders Meetings
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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.
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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.
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