AmerUs Group Defers Preferred Stock Offering; Reaffirms 2005 Earnings Guidance of $4.45 to $4.57 Per Share.DES MOINES, Iowa “Des Moines” redirects here. For other uses, see Des Moines (disambiguation). Des Moines (pronounced /dɪˈmɔɪn/ in English, -- 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, announced today that it plans to defer the offering of its Series A non-cumulative perpetual preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. . On the advice of its underwriters, the company determined that market conditions are not currently optimal for completion of the proposed offering on terms in line with its criteria. Since the company does not have any current need for the liquidity or capital, it is deferring the offering until later in the year. The deferral of the offering does not impact the company's previously announced board authorization to repurchase up to six million shares of common stock. The company also reaffirmed its 2005 adjusted net operating income of $4.45 to $4.57 per diluted share. 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 March 31, 2005, AmerUs Group's total assets were $23.5 billion and shareholders' equity totaled $1.6 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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