AmerUs Group Announces 2004 Earnings Guidance; Date For Investor Conference in New York City.Business Editors DES MOINES, Iowa--(BUSINESS WIRE)--Jan. 12, 2004 AmerUs Group Co. (NYSE NYSE See: New York Stock Exchange :AMH AMH Abington Memorial Hospital (Abington, PA) AMH Anti-Müllerian Hormone AMH Australian Medicines Handbook AMH Automated Material Handling AMH Aviation Structural Mechanic (Hydraulics) US Navy Rating ), a leading producer of life insurance and annuity products, today announced its earnings guidance for 2004. AmerUs Group expects 2004 adjusted net operating income (1) to be within a range of $4.00 to $4.10 per diluted common share. AmerUs Group's adjusted net operating income (1) guidance for 2003 is within a range of $3.70 to $3.80 per diluted common share. The company will release fourth quarter earnings at the close of market on Tuesday, February 10, 2004 and hold a teleconference call on Wednesday, February 11, 2004 at 11 a.m. EST EST electroshock therapy. EST abbr. electroshock therapy . The company also announced it will hold its investor conference in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. on Wednesday, February 25, 2004. The half-day event will be held at The Inter-Continental The Barclay New York (Lexington and East 48th Street) and will provide an update on AmerUs Group's strategy, operations and key initiatives, among other items. Investors and other interested parties who wish to attend the event should contact the company's investor relations department at (515) 362-3695. AmerUs Group Co. is an Iowa corporation located in Des Moines, Iowa “Des Moines” redirects here. For other uses, see Des Moines (disambiguation). Des Moines (pronounced /dɪˈmɔɪn/ in English, , engaged through its subsidiaries in the business of marketing and distributing individual life insurance and annuity products in 50 states, the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). and the U.S. Virgin Islands. Its major operating subsidiaries include AmerUs Life Insurance Company, American Investors Life Insurance Company, Inc., Indianapolis Life Insurance Company and Bankers Life Insurance Company of New York. As of September 30, 2003, AmerUs Group's total assets were $21.8 billion and shareholders' equity totaled $1,411.8 million, 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 . (1) Adjusted net operating income per share is a non-GAAP financial measure. Due to the unpredictability of the timing and recognition of gains and losses, especially items such as credit impairments, trading gains and losses, FAS 133 adjustments as well as the unpredictable nature of certain other unusual or non-recurring items that management believes are not indicative of ongoing operational performance, guidance on GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). net income cannot readily be estimated because management has not regularly projected the foregoing non-recurring items. Accordingly, the company is unable to provide guidance with respect to, or a reconciliation of guidance on adjusted net operating income per share, to GAAP net income per share. |
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