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) January 24, 1995
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, 1994.
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, 1995 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
(In thousands, except per common share amounts)
(Unaudited)
Three months ended December 31,
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1994 1993
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Investment income $ 202,167 $ 190,531
Interest expense (124,058) (119,817)
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NET INVESTMENT INCOME 78,109 70,714
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NET REALIZED INVESTMENT LOSSES (7,066) (5,367)
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Fee income:
Variable annuity fees 20,453 19,587
Asset management fees 7,025 8,349
Net retained commissions 6,620 6,637
Trust fees 3,750 3,054
Loan servicing fees 1,813 --
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TOTAL FEE INCOME 39,661 37,627
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Other income and expenses:
Surrender charges 2,744 2,514
General and administrative expenses (33,108) (33,457)
Amortization of deferred acquisition
costs (18,674) (15,243)
Other, net 1,868 476
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TOTAL OTHER INCOME AND EXPENSES (47,170) (45,710)
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PRETAX INCOME 63,534 57,264
Income tax expense (18,400) (17,700)
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INCOME BEFORE CUMULATIVE EFFECT OF CHANGE
IN ACCOUNTING FOR INCOME TAXES 45,134 39,564
Cumulative effect of change in accounting
for income taxes -- (33,500)
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NET INCOME $ 45,134 $ 6,064
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PER COMMON SHARE:
Income before cumulative effect of change
in accounting for income taxes $ .98 $ .85
Cumulative effect of change in accounting
for income taxes -- (.80)
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Net income $ .98 $ .05
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AVERAGE COMMON SHARES OUTSTANDING 41,850 41,640
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