2024 Annual Report
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Stockholder Information
CUSIP #029420106
December 31st, 2024 Financial Results
| Total Assets | $120,877,813 | +21.7% | |
|---|---|---|---|
| Total Shareholders Equity | $21,315,272 | +3.8% | |
| Total Reserves for Life Ins, Annuities, and Deposits | $90,882,316 | +30.9% | |
| Comprehensive Income (year to date) | $1,951,942 | +12.8% | |
| Total Shareholder Return (year to date, annualized) | 9.97% | +0.1% |
| Quarter Results |
Release Date |
|---|---|
| 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, 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 31st, 2024, this adjusted book value is $5.059 per share. Therefore the current tender price is $4.55 per share.
| Tender Price | $5.059 x 90% = $4.55/share |
|---|
Semi-Annual Dividend
The board of directors has approved the semi-annual dividend of 13.5 cents per share to be paid on Apr 11, 2025 to stockholders of record at the end of the month preceding payment.
| Apr 11, 2025 | 13.5¢/share |
|---|---|
| Oct 2025 | TBD |
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.
