AmerUs Group Expects No Material Adverse Impact From Recent Litigation; Reaffirms 2005 Earnings Guidance.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, today commented on the filing of a lawsuit by the California Attorney General The California Attorney General is the State Attorney General of the government of the state of California in the USA. The officer's duty is to ensure that "the laws of the state are uniformly and adequately enforced" (California Constitution, Article V, Section 13. on sales practices against one of its insurance subsidiaries and certain marketing organizations. The company believes it has appropriate defenses against the suit and intends to vigorously defend its position in court. AmerUs Group does not believe there will be any material adverse impact to the company's financial condition, operations or future sales of insurance products. Additionally, AmerUs Group reaffirmed its net adjusted operating income guidance of $4.45 to $4.57 per diluted share for 2005. 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 December 31, 2004, AmerUs Group's total assets were $23.2 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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