SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________
FORM 8-K
Pursuant to Section 13 or 15(d) of the
Securities Exchange Action of 1934
Date of Report (Date of earliest event reported) January 24, 1994
SUNAMERICA INC.
(Exact Name of Registrant as Specified in Charter)
Maryland 1-4618 86-0176061
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
1 SunAmerica Center, Century City
Los Angeles, California 90067-6022
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including
area code (310) 772-6000
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Item 5. Other Events
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The Registrant has released earnings information for the
three months ended December 31, 1993.
See the attached Condensed Consolidated Income Statement.
Item 7. Financial Statements, Pro Forma Financial Information and
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Exhibits
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(c) Exhibits
Exhibit 20 Condensed Consolidated Income Statement
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
SUNAMERICA INC.
Date: January 24, 1994 By: /s/ Scott L. Robinson
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Scott L. Robinson
Senior Vice President
and Controller
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EXHIBIT 20
SUNAMERICA INC.
CONDENSED CONSOLIDATED INCOME STATEMENT
(Unaudited)
(In thousands, except per common share Three months ended December 31,
amounts) -------------------------------
1993 1992
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Investment income $ 190,531 $ 179,441
Interest expense (119,817) (129,384)
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NET INVESTMENT INCOME 70,714 50,057
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NET REALIZED INVESTMENT LOSSES (5,367) (3,748)
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Fee income:
Variable annuity fees 19,587 16,134
Asset management fees 8,349 7,843
Net retained commissions 7,109 4,537
Trust fees 3,054 2,791
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TOTAL FEE INCOME 38,099 31,305
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Other income and expenses:
Surrender charges 2,514 2,608
General and administrative expenses (33,457) (29,754)
Amortization of deferred acquisition costs (15,243) (12,674)
Other income, net 4 1,611
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TOTAL OTHER INCOME AND EXPENSES (46,182) (38,209)
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PRETAX INCOME 57,264 39,405
Income tax expense (17,700) (11,400)
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INCOME BEFORE CUMULATIVE EFFECT OF CHANGE
IN ACCOUNTING FOR INCOME TAXES 39,564 28,005
Cumulative effect of change in accounting
for income taxes (33,500) --
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NET INCOME $ 6,064 $ 28,005
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PER COMMON SHARE:
Income before cumulative effect of change
in accounting for income taxes $ .85 $ .63
Cumulative effect of change in accounting
for income taxes (.80) --
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Net income $ .05 $ .63
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AVERAGE COMMON SHARES OUTSTANDING 41,911 37,873
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