SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
AMENDMENT NO. 1
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 2000
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from ____________________ to _____________________
Commission file number 1-7981
American General Corporation
(Exact name of registrant as specified in its articles of incorporation)
Texas 74-0483432
(State of Incorporation) (I.R.S. Employer
Identification No.)
2929 Allen Parkway, Houston, Texas 77019-2155
(Address of principal executive offices) (Zip Code)
(713) 522-1111
(Registrant's telephone number, including area code)
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 .
As of April 30, 2000, there were 248,393,147 shares (excluding shares held in
treasury and by a subsidiary) of American General's Common Stock outstanding.
American General Corporation hereby amends and restates Exhibit 12 included
in its Form 10-Q for the quarter ended March 31, 2000, so that Exhibit 12
included in this Form 10-Q/A replaces the previously filed Exhibit 12 in its
entirety. The original Form 10-Q filing inadvertently included Exhibit 12 for
the quarters ended March 31, 1999 and 1998, instead of Exhibit 12 for the
quarters ended March 31, 2000 and 1999.
Exhibit 12
AMERICAN GENERAL CORPORATION
Computation of Ratio of Earnings to Fixed Charges and
Ratio of Earnings to Combined Fixed Charges
and Preferred Stock Dividends
(Unaudited)
($ in millions)
Three Months Ended
March 31,
2000 1999
Consolidated operations:
Income before income tax expense and net dividends
on preferred securities of subsidiaries .......... $ 478 $ 477
Fixed charges deducted from income
Interest expense ................................. 217 182
Implicit interest in rents ....................... 6 5
Total fixed charges deducted from income ....... 223 187
Earnings available for fixed charges.......... $ 701 $ 664
Fixed charges per above ............................ $ 223 $ 187
Dividends on preferred stock and securities ........ 41 37
Combined fixed charges and preferred
stock dividends ................................ $ 264 $ 224
Ratio of earnings to fixed charges .......... 3.14 3.54
Ratio of earnings to combined fixed charges
and preferred stock dividends ........... 2.66 2.96
Consolidated operations, corporate fixed charges
and preferred stock dividends only:
Income before income tax expense and net dividends
on preferred securities of subsidiaries ........ $ 478 $ 477
Corporate fixed charges deducted from income -
corporate interest expense ..................... 61 53
Earnings available for fixed charges ......... $ 539 $ 530
Corporate fixed charges per above ................ $ 61 $ 53
Dividends on preferred stock and securities ...... 41 37
Combined corporate fixed charges and
preferred stock dividends .................... $ 102 $ 90
Ratio of earnings to corporate fixed
charges ................................. 8.80 9.95
Ratio of earnings to combined corporate
fixed charges and preferred
stock dividends ......................... 5.29 5.90
Exhibit 12
(continued)
AMERICAN GENERAL CORPORATION
Computation of Ratio of Earnings to Fixed Charges and
Ratio of Earnings to Combined Fixed Charges
and Preferred Stock Dividends
(Unaudited)
($ in millions)
Three Months Ended
March 31,
2000 1999
American General Finance, Inc.:
Income before income tax expense ................ $ 94 $ 80
Fixed charges deducted from income
Interest expense .............................. 163 138
Implicit interest in rents .................... 4 4
Total fixed charges deducted from income..... 167 142
Earnings available for fixed charges ...... $ 261 $ 222
Ratio of earnings to fixed charges .... 1.56 1.56
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized, on May 18, 2000.
AMERICAN GENERAL CORPORATION
(Registrant)
By: NICHOLAS R. RASMUSSEN
Nicholas R. Rasmussen
Executive Vice President, Chief Financial Officer
and Treasurer
(Duly Authorized Officer and Principal Financial Officer)
