<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
Quarterly Report Under Section 13 or 15(d) of the Securities Exchange Act
of 1934
(Mark one)
[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 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 33-28976
IDS LIFE INSURANCE COMPANY
(Exact name of registrant as specified in its charter)
MINNESOTA 41-0823832
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
IDS TOWER 10, MINNEAPOLIS, MINNESOTA 55440-0010
(Address of principal executive offices) (Zip Code)
(Registrant's telephone number, including area code) (612) 671-1257
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
THE REGISTRANT MEETS THE CONDITIONS SET FORTH IN GENERAL INSTRUCTION
H(1)(a) AND (b) OF FORM 10-Q AND IS THEREFORE FILING THIS FORM WITH THE
PERMITTED ABBREVIATED NARRATIVE DISCLOSURE.
<PAGE>
IDS LIFE INSURANCE COMPANY
FORM 10-Q
For the Quarter Ended June 30, 2000
Table of Contents
PART I - FINANCIAL INFORMATION Page
Item 1. Financial Statements
Consolidated Balance Sheets as of
June 30, 2000 (unaudited) and
December 31, 1999 3 - 4
Consolidated Statements of Income for the
three months ended June 30, 2000 and 1999
(unaudited) 5
Consolidated Statements of Income for the
six months ended June 30, 2000 and 1999
(unaudited) 6
Consolidated Statements of Cash Flows for the
six months ended June 30, 2000 and 1999
(unaudited) 7 - 8
Notes to Consolidated Financial Statements
(unaudited) 9 - 10
Item 2. Management's Discussion and Analysis of
Consolidated Financial Condition and
Results of Operations 11 - 12
PART II - OTHER INFORMATION 13 - 16
SIGNATURES 17
<PAGE>
IDS LIFE INSURANCE COMPANY
CONSOLIDATED BALANCE SHEETS
($ thousands)
<TABLE>
<CAPTION>
<S> <C> <C>
June 30, December 31,
ASSETS 2000 1999
---------------- ------------------
(unaudited)
Investments:
Fixed Maturities:
Held to maturity, at amortized cost (Fair value:
2000, $6,714,896; 1999,$7,105,743) $6,814,778 $7,156,292
Available for sale, at fair value (Amortized cost:
2000, $13,349,974; 1999, $13,703,137) 12,515,729 13,049,549
---------------- ------------------
19,330,507 20,205,841
Mortgage loans on real estate 3,613,382 3,606,377
Policy loans 595,351 561,834
Other investments 557,130 506,797
---------------- ------------------
Total investments 24,096,370 24,880,849
Cash and cash equivalents -- 32,333
Amounts recoverable from reinsurers 366,250 327,168
Amounts due from brokers 1,090 145
Other accounts receivable 57,695 48,578
Accrued investment income 332,723 343,449
Deferred policy acquisition costs 2,794,454 2,674,323
Deferred income taxes 267,665 216,020
Other assets 32,343 23,941
Separate account assets 36,458,358 35,894,732
---------------- ------------------
Total assets $64,406,948 $64,441,538
================ ==================
</TABLE>
<PAGE>
IDS LIFE INSURANCE COMPANY
CONSOLIDATED BALANCE SHEETS
($ thousands, except share amounts)
(continued)
<TABLE>
<CAPTION>
<S> <C> <C>
June 30, December 31,
LIABILITIES AND STOCKHOLDER'S EQUITY 2000 1999
---------------- ------------------
(unaudited)
Liabilities:
Future policy benefits:
Fixed annuities $19,939,096 $20,552,159
Universal life-type insurance 3,402,643 3,391,203
Traditional life insurance 230,368 226,842
Disability income and
long-term care insurance 905,064 811,941
Policy claims and other
policyholders' funds 42,859 24,600
Amounts due to brokers 130,033 148,112
Other 572,217 579,678
liabilities
Separate account liabilities 36,458,358 35,894,732
---------------- ------------------
Total liabilities 61,680,638 61,629,267
---------------- ------------------
Stockholder's equity:
Capital stock, $30 par value per share;
100,000 shares authorized, issued and outstanding 3,000 3,000
Additional paid-in capital 288,327 288,327
Accumulated other comprehensive loss, net of tax:
Net unrealized securities losses (524,368) (411,230)
Retained earnings 2,959,351 2,932,174
---------------- ------------------
Total stockholder's equity 2,726,310 2,812,271
---------------- ------------------
Total liabilities and stockholder's equity $64,406,948 $64,441,538
================ ==================
</TABLE>
See accompanying notes.
<PAGE>
IDS LIFE INSURANCE COMPANY
CONSOLIDATED STATEMENTS OF INCOME
($ thousands)
(unaudited)
<TABLE>
<CAPTION>
<S> <C> <C>
Three months ended
June 30,
2000 1999
---------------- ------------------
Revenues:
Premiums:
Traditional life insurance $14,104 $13,670
Disability income and
long-term care insurance 56,648 47,826
---------------- ------------------
Total premiums 70,752 61,496
Policyholder and contractholder charges 114,601 103,945
Management and other fees 146,198 115,445
Net investment income 444,684 486,238
Net realized gain on investments 5,758
11,596
----------------- -----------------
Total revenues 787,831 772,882
----------------- -----------------
Benefits and expenses:
Death and other benefits:
Traditional life insurance 7,215 7,328
Universal life-type insurance
and investment contracts 29,919 29,985
Disability income and
long-term care insurance 8,801 7,611
Increase in liabilities for
future policy benefits:
Traditional life insurance 1,436 1,635
Disability income and
long-term care insurance 26,985 21,560
Interest credited on universal life-type
insurance and investment contracts 296,376 313,602
Amortization of deferred policy
acquisition costs 103,679 96,785
Other insurance and operating expenses 82,973 72,275
---------------- ------------------
Total benefits and expenses 557,384 550,781
---------------- ------------------
Income before income taxes 230,447 222,101
Income taxes 65,615 53,952
---------------- ------------------
Net income $164,832 $168,149
================ ==================
</TABLE>
See accompanying notes.
<PAGE>
IDS LIFE INSURANCE COMPANY
CONSOLIDATED STATEMENTS OF INCOME
($ thousands)
(unaudited)
<TABLE>
<CAPTION>
<S> <C> <C>
Six months ended
June 30,
2000 1999
---------------- ------------------
Revenues:
Premiums:
Traditional life insurance $27,823 $27,047
Disability income and
long-term care insurance 110,925 95,261
---------------- ------------------
Total premiums 138,748 122,308
Policyholder and contractholder charges 220,960 205,119
Management and other fees 304,058 225,442
Net investment income 907,947 967,370
Net realized (loss) gain on investments (9,299) 9,461
----------------- ------------------
Total revenues 1,562,414 1,529,701
----------------- ------------------
Benefits and expenses:
Death and other benefits:
Traditional life insurance 15,714 15,101
Universal life-type insurance
and investment contracts 61,666 57,648
Disability income and
long-term care insurance 18,249 14,740
Increase in liabilities for
future policy benefits:
Traditional life insurance 3,274 3,226
Disability income and
long-term care insurance 51,717 41,525
Interest credited on universal life-type
insurance and investment contracts 595,669 624,387
Amortization of deferred policy
acquisition costs 198,866 190,354
Other insurance and operating expenses 172,312 142,055
---------------- ------------------
Total benefits and expenses 1,117,467 1,089,036
---------------- ------------------
Income before income taxes 444,947 440,665
Income taxes 127,769 131,649
---------------- ------------------
Net income $317,178 $309,016
================ ==================
</TABLE>
See accompanying notes.
<PAGE>
IDS LIFE INSURANCE COMPANY
CONSOLIDATED STATEMENTS OF CASH FLOWS
($thousands)
(unaudited)
<TABLE>
<CAPTION>
<S> <C> <C>
Six months ended
June 30,
2000 1999
----------------- -------------------
Cash flows from operating activities:
Net income $317,178 $309,016
Adjustments to reconcile net income to
net cash provided by operating activities:
Policy loans, excluding universal
life-type insurance:
Issuance (31,532) (27,212)
Repayment 27,514 25,876
Change in amounts recoverable from reinsurers (39,082) (29,940)
Change in other accounts receivable (9,117) (9,300)
Change in accrued investment income 10,726 (9,323)
Change in deferred policy
acquisition costs, net (115,007) (15,245)
Change in liabilities for future policy
benefits for traditional life,
disability income and
long-term care insurance 96,649 68,147
Change in policy claims and other
policyholders' funds 18,259 26,298
Change in deferred income taxes 9,276 22,743
Change in other liabilities (7,461) 66,968
Amortization of premium, net 2,382 2,445
Net realized gain (loss) on investments 9,299 (9,461)
Policyholder and contractholder charges,
non-cash (75,976) (87,597)
Other, net (6,614) (6,181)
------------------ -------------------
Net cash provided by operating activities $206,494 $327,234
------------------ -------------------
</TABLE>
<PAGE>
IDS LIFE INSURANCE COMPANY
CONSOLIDATED STATEMENTS OF CASH FLOWS
($ thousands)
(unaudited)
(continued)
<TABLE>
<CAPTION>
<S> <C> <C>
Six months ended
June 30,
2000 1999
---------------- ------------------
Cash flows from investing activities: Fixed maturities held to maturity:
Purchases $ -- ($859)
Maturities, sinking fund payments and calls 329,790 356,447
Sales 8,193 42,965
Fixed maturities available for sale:
Purchases (434,922) (1,662,373)
Maturities, sinking fund payments and calls 520,113 896,855
Sales 264,490 389,920
Other investments, excluding policy loans:
Purchases (274,890) (301,977)
Sales 212,567 179,616
Change in amounts due from broker (945) 327
Change in amounts due to broker (18,079) 333,876
----------------- -----------------
Net cash provided by investing activities
606,317 234,797
----------------- -----------------
Cash flows from financing activities:
Activity related to universal life-type insurance
and investment contracts:
Considerations received 914,664 954,742
Surrenders and death benefits (2,035,979) (1,690,731)
Interest credited to account balances 595,670 624,375
Universal life-type insurance policy loans:
Issuance (66,797) (50,525)
Repayment 37,298 33,906
Cash dividends to parent (290,000) (230,000)
----------------- -----------------
Net cash used in financing activities (845,144) (358,233)
----------------- -----------------
Net increase in cash and cash equivalents (32,333) 203,798
Cash and cash equivalents at beginning of period 32,333 22,453
----------------- -----------------
Cash and cash equivalents at end of period $ -- $226,251
================= =================
</TABLE>
See accompanying notes.
<PAGE>
IDS LIFE INSURANCE COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2000
($ thousands)
(unaudited)
1. General
In the opinion of the management of IDS Life Insurance Company (the
Company), the accompanying unaudited consolidated financial statements
contain all adjustments (consisting of normal recurring adjustments)
necessary to present fairly its balance sheet as of June 30, 2000,
statements of income for the three and six months ended June 30, 2000 and
1999 and statements of cash flows for the six months ended June 30, 2000
and 1999.
The Company is a wholly owned subsidiary of American Express Financial
Corporation (AEFC), which is a wholly-owned subsidiary of American Express
Company. The accompanying unaudited consolidated financial statements
include the accounts of the Company and its wholly owned subsidiaries, IDS
Life Insurance Company of New York, American Enterprise Life Insurance
Company, American Centurion Life Assurance Company, American Partners Life
Insurance Company and American Express Corporation. All material
intercompany accounts and transactions have been eliminated in
consolidation.
2. Comprehensive Income
Total comprehensive income was $103,828 and ($27,602) for the three months
ended June 30, 2000 and $204,040 and $3,104 for the six months ended June
30, 2000 and 1999 respectively.
3. Statements of cash flows
Cash paid for interest on borrowings totaled $2,826 and $1,535 for the six
months ended June 30, 2000, and 1999, respectively. Cash paid for income
taxes totaled $116,241 and $135,986 for the six months ended June 30, 2000
and 1999, respectively.
<PAGE>
IDS LIFE INSURANCE COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
($ thousands)
(unaudited)
(continued)
4. Commitments and contingencies
Commitments for purchases of investments in the ordinary course of business
at June 30, 2000 aggregated $112,893.
The maximum amount of life insurance risk retained by the Company is $750
on any policy insuring a single life and $1,500 on any policy insuring a
joint-life combination. Beginning in 1999, the Company retains only 20% of
the mortality risk on new variable universal life insurance policies. Risk
not retained is reinsured with other life insurance companies, primarily on
a yearly renewable term basis. Long-term care policies are primarily
reinsured on a coinsurance basis. The Company retains all disability income
and waiver of premium risk. Beginning in 2000, the Company retains all
accidental death benefit risk.
In January 2000, AEFC reached an agreement in principle to settle three
class-action lawsuits. The Company had been named as a co-defendant in all
three lawsuits. It is expected the settlement will provide $215 million of
benefits to more than 2 million class participants. The agreement in
principle to settle also provides for release by class members of all
insurance and annuity market conduct claims dating back to 1985 and is
subject to a number of contingencies, including a definitive agreement and
court approval. The settlement costs allocated to the Company are included
in the accompanying 1999 statement of income and did not have a material
impact on the Company's consolidated financial position or results of
operations.
The Company is named as a defendant in various other lawsuits. The outcome
of any litigation cannot be predicted with certainty. In the opinion of
management, however, the ultimate resolution of these lawsuits, taken in
aggregate should not have a material adverse effect on the Company's
consolidated financial position.
<PAGE>
MANAGEMENT'S DISCUSSION AND ANALYSIS OF CONSOLIDATED FINANCIAL CONDITION AND
RESULTS OF OPERATIONS
Results of Operations
Six Months Ended June 30, 2000 Compared to Six Months Ended June 30, 1999:
Consolidated net income increased 3 percent to $317 million for the six
months ended June 30, 2000, compared to $309 million in 1999. Earnings growth
resulted primarily from increases in management fees and policyholder and
contractholder charges partially offset by a decrease in spread rates and by a
realized loss on investments.
Premiums received totaled $3.5 billion for the six months ended June 30,
2000, compared to $2.2 billion a year ago. The premium growth is primarily due
to increased sales of variable annuities and variable universal life insurance.
Policyholder and contractholder charges increased to $221 million for the
six months ended June 30, 2000, compared with $205 million a year ago. This
increase was primarily due to an increase in life insurance in force.
Management and other fees increased to $304 million for the six months
ended June 30, 2000 compared with $225 million a year ago. This was primarily
due to an increase in average separate account assets outstanding, resulting
primarily from market appreciation. The Company provides investment management
services for many of the mutual funds which are used as investment options for
variable annuities and variable life insurance. The Company also receives a
mortality and expense risk fee from the separate accounts.
Net investment income decreased to $908 million for the six months ended
June 30, 2000 compared to $967 million one year ago. This is primarily due to
lower investments in fixed maturities at June 30, 2000 compared to June 30,
1999.
Total benefits and expenses were $1.1 billion for the six months ended June
30, 2000, an increase of 3 percent from a year ago. The largest component of
expenses, interest credited on universal life-type insurance and investment
contracts, decreased 4 percent to $596 million. This was due to lower aggregate
amounts of fixed annuities in force. Other insurance and operating expenses
increased 21 percent as a result of business growth and technology costs related
to growth initiatives.
<PAGE>
MANAGEMENT'S DISCUSSION AND ANALYSIS OF CONSOLIDATED FINANCIAL CONDITION
AND RESULTS OF OPERATIONS
Liquidity and Capital Resources
The liquidity requirements of the Company are met by funds provided from
operations and investment activity. The primary components of the funds provided
are premiums, investment income, proceeds from sales of investments as well as
maturities and periodic repayments of investment principal.
The primary uses of funds are policy benefits, commissions and operating
expenses, policy loans, new investment purchases and dividends to parent.
The Company has an available line of credit with its parent of $200 million
($100 million committed and $100 million uncommitted). This line of credit is
used strictly as a short-term source of funds. At June 30, 2000, outstanding
borrowings under this agreement were $100 million. The Company also uses reverse
repurchase agreements for short-term liquidity needs. Outstanding reverse
repurchase agreements totaled $27 million at June 30, 2000.
At June 30, 2000, approximately 12 percent of the Company's invested assets
were below-investment-grade bonds, compared to 11 percent at December 31, 1999.
These investments may be subject to a higher degree of risk than higher-rated
issues because of the borrowers' generally greater sensitivity to adverse
economic conditions, such as recession or increasing interest rates, and in
certain instances the lack of an active secondary market. Expected returns on
below-investment-grade bonds reflect consideration of such factors. The Company
has identified those fixed maturities for which a decline in fair value is
determined to be other than temporary, and has written them down to fair value
with a charge to earnings. In recent months, the industry-wide default rate on
below-investment-grade bonds has increased significantly and this trend is
expected to continue over the next several months and possibly beyond.*
Additional investment security losses throughout the remainder of 2000 are
likely but the amount of these losses is dependent on a number of factors and
cannot be estimated at this time.* Management believes that there will not be a
significant adverse impact on the Company's consolidated financial position.*
For the six months ended June 30, 2000, sales of fixed maturities held to
maturity were due to significant deterioration in the issuers' creditworthiness.
At June 30, 2000, the Company had an allowance for losses on mortgage loans
of $12 million.
The Company paid $290 million in dividends to its parent during the six
months ended June 30, 2000.
* Statements in this discussion of the Company's liquidity and capital
resources marked with an asterisk are forward-looking statements which are
subject to risks and uncertainties. Important factors that could cause results
to differ materially from these forward-looking statements include, among other
things, changes in the ability of issuers of investment securities held by the
Company to meet their debt obligations.
<PAGE>
MANAGEMENT'S DISCUSSION AND ANALYSIS OF CONSOLIDATED FINANCIAL CONDITION
AND RESULTS OF OPERATIONS
PART II - OTHER INFORMATION
Item 1. LEGAL PROCEEDINGS
Reference is made to Note 4 of the Notes to Consolidated Financial
Statements (unaudited) contained in the Report filed on Form 10-Q for
the quarterly period ended June 30, 2000.
Item 2. CHANGES IN SECURITIES AND USE OF PROCEEDS
Not applicable.
Item 3. DEFAULTS UPON SENIOR SECURITIES
Not applicable.
Item 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
Not applicable.
Item 5. OTHER INFORMATION
Not applicable.
Item 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits
3.1 Copy of Certificate of Incorporation of IDS Life Insurance
Company filed electronically as Exhibit 3.1 to Post
Effective Amendment No. 5 to Registration Statement
No. 33-28976 is incorporated herein by reference.
3.2 Copy of the Amended By-laws of IDS Life Insurance Company
filed electronically as Exhibit 3.2 to Post-Effective
Amendment No. 5 to Registration Statement No. 33-28976 is
incorporated herein by reference.
3.3 Copy of Resolution of the Board of Directors of IDS Life
Insurance Company, dated May 5, 1989, establishing IDS Life
Account MGA filed electronically as Exhibit 3.3 to
Post-Effective Amendment No. 5 to Registration Statement
No. 33-28976 is incorporated herein by reference.
<PAGE>
PART II - OTHER INFORMATION (continued)
4.1 Copy of Non-tax qualified Group Annuity Contract, Form
30363C, filed electronically as Exhibit 4.1 to
Post-Effective Amendment No. 5 to Registration Statement No.
33-28976 is incorporated herein by reference.
4.2 Copy of Non-tax qualified Group Annuity Certificate,
Form 30360C, filed electronically as Exhibit 4.2 to
Post-Effective Amendment No. 5 to Registration Statement
No. 33-28976 is incorporated herein by reference.
4.3 Copy of Endorsement No. 30340C-GP to the Group Annuity
Contract filed electronically as Exhibit 4.3 to
Post-Effective Amendment No. 5 to Registration Statement
No. 33-28976 is incorporated herein by reference.
4.4 Copy of Endorsement No. 30340C to the Group Annuity
Certificate filed electronically as Exhibit 4.4 to
Post-Effective Amendment No. 5 to Registration Statement
No. 33-28976 is incorporated herein by reference.
4.5 Copy of Tax qualified Group Annuity Contract, Form 30369C,
filed electronically as Exhibit 4.5 to Post-Effective
Amendment No. 10 to Registration Statement No. 33-28976 is
incorporated herein by reference.
4.6 Copy of Tax qualified Group Annuity Certificate,
Form 30368C, filed electronically as Exhibit 4.6 to
Post-Effective Amendment No. 10 to Registration Statement
No. 33-28976 is incorporated herein by reference.
4.7 Copy of Group IRA Annuity Contract, Form 30372C, filed
electronically as Exhibit 4.7 to Post-Effective Amendment
No. 10 to Registration Statement No. 33-28976 is
incorporated herein by reference.
4.8 Copy of Group IRA Annuity Certificate, Form 30371C, filed
electronically as Exhibit 4.8 to Post-Effective Amendment
No. 10 to Registration Statement No. 33-28976 is
incorporated herein by reference.
4.9 Copy of Non-tax qualified Individual Annuity Contract, Form
30365D, filed electronically as Exhibit 4.9 to
Post-Effective Amendment No. 10 to Registration Statement
No. 33-28976 is incorporated herein by reference.
<PAGE>
PART II - OTHER INFORMATION (continued)
4.10 Copy of Endorsement No. 30379 to the Individual Annuity
Contract, filed electronically as Exhibit 4.10 to
Post-Effective Amendment No. 10 to Registration Statement
No. 33-28976 is incorporated herein by reference.
4.11 Copy of Tax qualified Individual Annuity Contract, Form
30370C, filed electronically as Exhibit 4.11 to
Post-Effective Amendment No. 10 to Registration Statement
No. 33-28976 is incorporated herein by reference.
4.12 Copy of Individual IRA Annuity Contract, Form 30373C, filed
electronically as Exhibit 4.12 to Post-Effective Amendment
No. 10 to Registration Statement No. 33-28976 is incorporated
herein by reference.
4.13 Copy of Endorsement No. 33007 filed electronically as Exhibit
4.13 to Post-Effective Amendment No. 12 to Registration
Statement No. 33-28976 is incorporated herein by reference.
4.14 Copy of Group Annuity Contract, Form 30363D, filed
electronically as Exhibit 4.1 to Post-Effective Amendment
No. 2 to Registration Statement No. 33-50968 is incorporated
herein by reference.
4.15 Copy of Group Annuity Certificate, Form 30360D, filed
electronically as Exhibit 4.2 to Post-Effective Amendment
No. 2 to Registration Statement No. 33-50968 is incorporated
herein by reference.
4.16 Form of Deferred Annuity Contract, Form 30365E, filed
electronically as Exhibit 4.3 to Post-Effective Amendment
No. 2 to Registration Statement No. 33-50968 is incorporated
herein by reference.
4.17 Form of Group Deferred Variable Annuity Contract, Form 34660,
filed electronically as Exhibit 4.1 to Post-Effective
Amendment No. 2 to Registration Statement No. 33-48701
is incorporated herein by reference.
4.18 Copy of Non-tax qualified Group Annuity Contract, Form 33111,
filed electronically as Exhibit 4.1 to Registration Statement
No. 333-42793 is incorporated herein by reference.
<PAGE>
PART II - OTHER INFORMATION (continued)
4.19 Copy of Non-tax qualified Group Annuity Certificate, Form
33114, filed electronically as Exhibit 4.2 to Registration
Statement No. 333-42793 is incorporated herein by reference.
4.20 Copy of Tax qualified Group Annuity Contract, Form 33112,
filed electronically as Exhibit 4.3 to Registration Statement
No. 333-42793 is incorporated herein by reference.
4.21 Copy of Tax qualified Group Annuity Certificate, Form 33115,
filed electronically as Exhibit 4.4 to Registration Statement
No. 333-42793 is incorporated herein by reference.
4.22 Copy of Group IRA Annuity Contract, Form 33113, filed
electronically as Exhibit 4.5 to Registration Statement No.
333-42793 is incorporated herein by reference.
4.23 Copy of Group IRA Annuity Certificate, Form 33116, filed
electronically as Exhibit 4.6 to Registration Statement No.
333-42793 is incorporated herein by reference.
4.24 Copy of Non-tax qualified Individual Annuity Contract, Form
30484, filed electronically as Exhibit 4.7 to Post-Effective
Amendment No. 1 to Registration Statement No. 333-42793 is
incorporated herein by reference.
4.25 Copy of Tax qualified Individual Annuity Contract, Form
30485, filed electronically as Exhibit 4.8 to Post-Effective
Amendment No. 1 to Registration Statement No. 333-42793 is
incorporated herein by reference.
4.26 Copy of Individual IRA Contract, Form 30486, filed
electronically as Exhibit 4.9 to Post-Effective Amendment
No. 1 to Registration Statement No. 333-42793 is incorporated
herein by reference.
27. Financial data schedule is filed electronically herewith.
(b) No reports on Form 8-K were required to be filed by the
Company for the six months ended June 30, 2000.
<PAGE>
SIGNATURES
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.
REGISTRANT IDS LIFE INSURANCE COMPANY
BY /s/Philip C. Wentzel
NAME AND TITLE Philip C. Wentzel
Vice President and Controller
DATE August 10, 2000
