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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-K/A
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the Fiscal Year Ended December 31, 1996
Commission File Number 33-94670-01
FARMERS GROUP, INC.
Incorporated in Nevada I.R.S. Employer Identification No.
4680 Wilshire Boulevard 95-0725935
Los Angeles, California 90010
(213) 932-3200
Securities registered pursuant to Section 12(b) of the Act:
Name of Each Exchange
Title of Each Class on which registered
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8.45% Cumulative Quarterly Income New York Stock Exchange
Preferred Securities, Series A (QUIPS)
(liquidation preference $25 per share)*
8.45% Cumulative Quarterly Income New York Stock Exchange
Preferred Securities, Series B (QUIPS)
(liquidation preference $25 per share)*
*Issued by Farmers Group Capital (Series A) and Farmers Group Capital II
(Series B) and the payments of trust distributions and payments on
liquidation or redemption are guaranteed under certain circumstances by
Farmers Group, Inc., the owner of 100% of the common securities issued by
Farmers Group Capital and Farmers Group Capital II, Delaware statutory
business trusts.
Securities registered pursuant to Section 12(g) of the Act: None.
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that
the registrant was required to file such reports), and (2) has been subject
to such filing requirements for the past 90 days.
Yes /X/ No / /
Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained,
to the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this form 10-K or any
amendment to this Form 10-K. /X/
Registrant's Common Stock outstanding on December 31, 1996 was 1,000 shares.
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SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this amendment to be signed
on its behalf by the undersigned, thereunto duly authorized, in the City of
Los Angeles, State of California on March 28, 1997.
FARMERS GROUP, INC.
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(Registrant)
Date: March 28,1997 By: /s/ Anthony L.R. Clark
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Anthony L.R. Clark, Senior Vice President and
Chief Financial Officer
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Exhibit 12
FARMERS GROUP, INC.
AND SUBSIDIARIES
COMPUTATION OF THE RATIO
OF EARNINGS TO FIXED CHARGES
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<CAPTION>
Years Ended December 31,
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1996 1995 1994 1993 1992
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($ in thousands)
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Consolidated income before
provision for taxes $ 862,274 $ 762,457 $ 716,199 $ 692,059 $ 616,517
Add:
Portion of rents
representative of interest 6,707 7,315 7,368 7,452 6,394
Interest 52,883 29,836 18,276 18,440 18,826
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Income, as adjusted $ 921,864 $ 799,608 $ 741,843 $ 717,951 $ 641,737
========= ========= ========= ========= =========
Fixed Charges:
Portion of rents
representative of interest $ 6,707 $ 7,315 $ 7,368 $ 7,452 $ 6,394
Interest 52,883 29,836 18,276 18,440 18,826
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Total fixed charges $ 59,590 $ 37,151 $ 25,644 $ 25,892 $ 25,220
========= ========= ========= ========= =========
Ratio of earnings to fixed
charges: 15.5 x 21.5 x 28.9 x 27.7 x 25.4 x
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