AmerUs Group's Chairman and CEO Roger K. Brooks Endows $1 Million to United Way of Central Iowa.DES MOINES, Iowa “Des Moines” redirects here. For other uses, see Des Moines (disambiguation). Des Moines (pronounced /dɪˈmɔɪn/ in English, -- AmerUs Group today announced that its chairman and chief executive officer, Roger K. Brooks and his spouse Sunnie Richer have endowed $1 million to the United Way of Central Iowa to support its activities in the Des Moines community. Their endowment has been made through the Greater Des Moines Community Foundation's LifeTown Legacy Society. The Greater Des Moines Community Foundation will manage the endowment's assets and will disburse five percent of the assets annually to the United Way. Brooks funded the endowment, in part, through a contribution of AmerUs Group stock. "Sunnie and I agreed that the United Way was clearly the best way to give back to the community. The United Way of Central Iowa is exceptionally well-managed. We believe that it has tremendous potential to make a positive difference in the lives of Iowans in need for many years to come," said Brooks. "With this gift, Roger has continued to provide great leadership and set a wonderful example to all AmerUs employees on the importance of giving back to the community," said Thomas C. Godlasky, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of AmerUs Group. In addition to their financial support, Brooks and Richer share a special personal connection to the United Way. "I actually first met Sunnie when I paid a visit to her IBM office seeking its support of United Way activities," said Brooks. "We married just a few years later." About Roger K. Brooks Brooks is chairman and chief executive officer of AmerUs Group (NYSE NYSE See: New York Stock Exchange :AMH), a position he has held for thirty-three years. Brooks joined the company in 1959 as an actuarial assistant, and became a corporate officer three years later. He assumed his current position in 1972. Brooks drove the first-in-the-nation creation of a mutual holding company, followed by a successful demutualization Demutualization The process of changing corporate structure from a mutual fund company to some other form, such as a limited liability or corporation. Notes: This means mutual/life insurance companies convert from policyholder companies to stock companies. which distributed over $800 million to the company's policyowners. AmerUs Group is recognized as a leader in the insurance industry. It has received the national Points of Light award, and has been being named by Forbes as one of America's best-managed companies. In addition to his professional achievements, Brooks was one of the initial inductees into the Iowa Insurance Hall of Fame The Insurance Hall of Fame is an international list of business leaders in the insurance field. It was founded in 1957 and now has more than 100 inductees; it is kept by the University of Alabama in the United States. , and has since been inducted into the Iowa Business Hall of Fame. He also serves in various professional and civil capacities at the state, local and national levels with the American Council of Life Insurance, Belin-Blank Advisory Board, Des Moines Development, Des Moines Art Center The Des Moines Art Center is an art museum with an extensive collection of paintings, sculpture, modern art and mixed media. A large exhibition hall rotates through several themes during the year, most of which are featured from one to three months at a time. , Des Moines Arts Festival, Greater Des Moines Partnership, Drake University, Iowa Methodist Medical Center and the YMCA. Brooks has also served as chairman for the Greater Des Moines Chamber of Commerce and chair of the annual fundraising campaign for the United Way of Central Iowa. Brooks graduated magna cum laude from the University of Iowa Not to be confused with Iowa State University. The first faculty offered instruction at the University in March 1855 to students in the Old Mechanics Building, situated where Seashore Hall is now. In September 1855, the student body numbered 124, of which, 41 were women. with a bachelor of science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in mathematics and is a graduate of the Stanford Executive Program. Brooks is a Fellow in the Society of Actuaries Mission Statement The Society of Actuaries is a professional organization for actuaries based in North America. Its headquarters are located in Schaumburg, Illinois. and Member of the American Academy of Actuaries The The American Academy of Actuaries, also known as the “Academy” or the AAA, is the body that represents and unites United States actuaries in all practice areas. . Earlier this year Brooks announced that he plans to retire from his executive position with the company effective at the end of 2005. Brooks' retirement is part of a planned succession process that began in 2003. Thomas C. Godlasky, now president and chief operating officer of the company, will continue as president and become chairman and chief executive officer concurrent with Brooks' retirement. About AmerUs Group AmerUs Group Co. is located in Des Moines, Iowa, and is engaged through its subsidiaries in the business of marketing individual life insurance and annuity products in the United States. Its major subsidiaries include: AmerUs Life Insurance Company, American Investors Life Insurance Company, Inc., Bankers Life Insurance Company of New York and Indianapolis Life Insurance Company. As of June 30, 2005, AmerUs Group's total assets were $24.2 billion and shareholders' equity totaled $1.7 billion, including accumulated other comprehensive income In 1997 the Financial Accounting Standards Board issued a Statement on Financial Accounting Standards entitled “Comprehensive Income”. This statement required all income statement items to be reported either as a regular item in the income statement and or a special item as . |
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