UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported: February 21, 2000)
AMERUS LIFE HOLDINGS, INC.
(Exact Name of Registrant as Specified in Charter)
IOWA 0-21459 42-1459712
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
699 WALNUT STREET
DES MOINES, IOWA 50309-3948
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (515) 362-3600
ITEM 5. OTHER EVENTS
Please see the News Release attached hereto as Exhibit 99.1.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
AMERUS LIFE HOLDINGS, INC.
By: /s/ Victor N. Daley
-----------------------------
Victor N. Daley
Executive Vice President
Chief Administrator &
Dated: February 21, 2000 Human Resources Officer
EXHIBIT
Exhibit 99.1 News Release
American Mutual Holding Company and Indianapolis Life Insurance
Company Complete Definitive Agreement
DES MOINES, Iowa (February 21, 2000) -- American Mutual Holding Co. (AMHC), a
mutual insurance holding company, AmerUs Life Holdings, Inc. (NYSE: AMH), a
publicly-traded subsidiary of AMHC, and Indianapolis Life Insurance Co., a
mutual life insurance company, announced today that they have signed a
definitive agreement for the companies to combine their operations in connection
with their respective demutualizations.
American Mutual Holding Company and Indianapolis Life (ILICo) have each
commenced their demutualization processes. AMHC members will receive 17 million
shares of the resulting publicly-traded company's stock, and over $300 million
in other assets. ILICo's members will receive 11.25 million shares of the stock.
Following the demutualizations, ILICo will become a subsidiary of AMHC and will
continue operations as a stock life insurance company.
Current public shareholders of AmerUs Life Holdings will exchange their shares
on a one-for-one basis for stock in the new company.
The contemplated transactions are subject to normal closing conditions,
including appropriate policyholder/member, shareholder and regulatory approvals.
The combined companies will have over $17 billion in assets, more than $3
billion of premium revenues, over $50 billion of life insurance in force and
$1.1 billion in shareholder equity. The group will offer a broad range of life
insurance and annuity products in all fifty states and the District of Columbia.
"This combination clearly strengthens our position in our core life insurance
and annuity lines of business, and provides significant operating efficiencies,"
said Roger K. Brooks, chairman, president and CEO of AMHC.
The combined companies will be headquartered in Des Moines. Indianapolis Life
and its subsidiaries will retain their names and continue to be based in
Indianapolis and New York. When the transaction is complete, Brooks will be
chairman, president and CEO of the new company and Larry R. Prible will be vice
chairman of the new company and will remain president and CEO of Indianapolis
Life. "We see tremendous opportunity resulting from the scale and synergies
created by this transaction," said Prible. "We're eager to move forward with our
plans."
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AMHC's operating subsidiaries include AmerUs Life Insurance Co., American
Investors Life Insurance Co., Financial Benefit Life Insurance Co. and Delta
Life and Annuity Co. ILICo's operating subsidiaries include IL Annuity and Life
Insurance Co., Bankers Life Insurance Company of New York, and Western Security
Life Insurance Co.
AMHC is the first mutual insurance holding company in the U. S. AMHC is owned by
its members who are also policyowners of AmerUs Life Insurance Company, a
subsidiary of AMHC that was formed in 1896. As of December 31, 1999, AmerUs Life
Holdings' total assets were $10.7 billion and shareholders' equity totaled
$733.0 million.
Indianapolis Life is a 95-year-old mutual life insurance and annuity company
based in Indianapolis. It has assets of $5.7 billion and insurance in force of
$22.7 billion. The company and its subsidiaries do business in all 50 states and
the District of Columbia.
