Stockholders

2022 Annual Report

2022_Report
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Stockholder Information
CUSIP #029420106

December 31, 2023 Financial Results

Total Assets $99,364,790
+28.5%
Total Shareholders Equity $20,543,845
+3.7%
Total Annuities $51,713,369.51
+40.0%
Life Insurance In Force $23,946,408
+1.7%
Net Income $1,433,104
-0.6%
Note: These figures are unaudited. The percentage changes are the difference between 12/31/2022 and 12/31/2023 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 December 31, 2023, this adjusted book value is $4.837 per share. Therefore the current tender price is $4.35 per share.

Tender Price $4.837 x 90% = $4.35/share

Semi-Annual Dividend

The board of directors has approved the semi-annual dividend of 12.0 cents per share which was paid on Oct 11, 2023 to stockholders of record at the end of the month preceding payment.

Apr 12, 202313.0¢/share
Oct 11, 202312.0¢/share

Annual Reports

Letters from the President

Read Letters from the President here.

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) 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.