-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GRaf4oKuxrhTtAtqYkLUwtu/pW3I2n5ojBS3XCMGuO8LyqE/MQoJOzwNUzh1Cr+J 53+3B10RY6i0J5GMEwCYpg== 0000891836-98-000029.txt : 19980121 0000891836-98-000029.hdr.sgml : 19980121 ACCESSION NUMBER: 0000891836-98-000029 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19980120 SROS: NYSE GROUP MEMBERS: AMERICAN HOME ASSURANCE COMPANY GROUP MEMBERS: AMERICAN INTERNATIONAL GROUP INC GROUP MEMBERS: AMERICAN INTERNATIONAL GROUP, INC. GROUP MEMBERS: COMMERCE & INDUSTRY INSURANCE COMPANY GROUP MEMBERS: NAT'L UNION FIRE INS. COMPANY OF PITTSBURGH, PA. GROUP MEMBERS: NEW HAMPSHIRE INSURANCE COMPANY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: 20TH CENTURY INDUSTRIES CENTRAL INDEX KEY: 0000100331 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 951935264 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-40732 FILM NUMBER: 98508941 BUSINESS ADDRESS: STREET 1: 6301 OWENSMOUTH AVE STE 700 CITY: WOODLAND HILLS STATE: CA ZIP: 91367 BUSINESS PHONE: 8187043700 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN INTERNATIONAL GROUP INC CENTRAL INDEX KEY: 0000005272 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 132592361 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 70 PINE ST CITY: NEW YORK STATE: NY ZIP: 10270 BUSINESS PHONE: 2127707000 MAIL ADDRESS: STREET 1: 70 PINE STREET CITY: NEW YORK STATE: NY ZIP: 10270 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN INTERNATIONAL ENTERPRISES INC DATE OF NAME CHANGE: 19700507 SC 13D/A 1 SCHEDULE 13D, AMENDMENT NO. 2 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2 )* --- 20th Century Industries - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, Without Par Value - -------------------------------------------------------------------------------- (Title of Class of Securities) 901272 20 3 - -------------------------------------------------------------------------------- (CUSIP Number) Florence Davis, General Counsel American International Group, Inc. 70 Pine Street, NYC, NY 10270 (212) 770-7000 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 9, 1998 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If a filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ]. NOTE: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). - -------------------- CUSIP NO. 901272 20 3 - -------------------- - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON American International Group, Inc. IRS No. 13-2592361 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC, OO - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Incorporated in the State of Delaware - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF SHARES ----------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 36,754,369 EACH ----------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH ----------------------------------------------------- 10. SHARED DISPOSITIVE POWER 36,754,369 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 36,754,369 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 42.0% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON HC, CO - -------------------------------------------------------------------------------- -2- - -------------------- CUSIP NO. 901272 20 3 - -------------------- - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON American Home Assurance Company IRS No. 13-5124990 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Incorporated in the State of New York - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF SHARES ----------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 9,322,713 EACH ----------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH ----------------------------------------------------- 10. SHARED DISPOSITIVE POWER 9,322,713 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,322,713 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.7% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IC, CO - -------------------------------------------------------------------------------- -3- - -------------------- CUSIP NO. 901272 20 3 - -------------------- - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Commerce & Industry Insurance Company IRS No. 31-1938623 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Incorporated in the State of New York - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF SHARES ----------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 5,414,828 EACH ----------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH ----------------------------------------------------- 10. SHARED DISPOSITIVE POWER 5,414,828 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,414,828 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.2% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IC, CO - -------------------------------------------------------------------------------- -4- - -------------------- CUSIP NO. 901272 20 3 - -------------------- - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON New Hampshire Insurance Company IRS No. 02-0172170 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Incorporated in the State of Pennsylvania - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF SHARES ----------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 5,414,828 EACH ----------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH ----------------------------------------------------- 10. SHARED DISPOSITIVE POWER 5,414,828 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,414,828 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.2% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IC, CO - -------------------------------------------------------------------------------- -5- - -------------------- CUSIP NO. 901272 20 3 - -------------------- - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON National Union Fire Insurance Company of Pittsburgh, Pa. IRS No. 25-0687550 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC, OO - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Incorporated in the State of Pennsylvania - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF SHARES ----------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 16,602,000 EACH ----------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH ----------------------------------------------------- 10. SHARED DISPOSITIVE POWER 16,602,000 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 16,602,000 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.0% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IC, CO - -------------------------------------------------------------------------------- -6- ITEM 1. SECURITY AND ISSUER. This statement amends the statement on Schedule 13D dated December 16, 1994, as amended by Amendment No. 1 to Schedule 13D dated March 23, 1995 ("Schedule 13D"), previously filed by American International Group, Inc., a Delaware corporation ("AIG"), relating to the common stock, without par value ("Common Stock"), of 20th Century Industries, a California corporation (the "Company"). The principal executive offices of the Company are located at 6301 Owensmouth Avenue, Woodland Hills, California 91367. Each capitalized term used in this statement which is defined in the Schedule 13D shall have the meaning ascribed in the Schedule 13D. On January 9, 1998, the Board of Directors of the Company resolved that Salomon Smith Barney be authorized to explore the feasibility of strategic alternatives that may be available to the Company to protect and enhance shareholder value, including, without limitation, a business combination with AIG or other third parties. Mr. Robert Sandler, one of AIG's two representatives serving on the Company's Board of Directors, abstained from voting with respect to such resolution, and Mr. Howard Smith, AIG's other representative, was absent from the meeting. However, Mr. Sandler communicated to the Board of Directors that, while AIG would be willing to discuss the possibility of its acquiring the Company, AIG was not currently interested in selling its interests in the Company, or in a sale of the Company, to a third party. In response to prior inquiries of the Company's Board of Directors, AIG and the Company have from time to time discussed the Company's and AIG's relationship, including the possible acquisition of the Company by AIG, and such discussions may occur hereafter. AIG from time to time may acquire additional shares of Common Stock, including in such amounts that AIG may obtain ownership of more than 50% of the outstanding shares of Common Stock and thereby control the Company. Such acquisitions may be accomplished through one or more of the following methods: purchases of shares of Common Stock in the open market (on the New York Stock Exchange ("NYSE") or other exchanges or over-the-counter), in privately negotiated transactions or in other secondary transactions, including tender offers ("Secondary Market Purchases"); conversions of the Series A Preferred Stock into Common Stock; exercises of the Series A Warrants to obtain Common Stock; and a negotiated agreement with the Company to acquire all of the outstanding shares of Common Stock, by merger or otherwise. Any such purchases, conversions, exercises or negotiated agreement will depend upon AIG's evaluation at such time of the Company's operating results and prospects, the market price for the Common Stock, the purchase price applicable to such a negotiated agreement or Secondary Market Purchases and other factors, and there can be no assurance that any such purchase, conversion, exercise or agreement will occur or, if they occur, the timing or -7- extent thereof. The Transfer Restrictions in the Company's Restated Articles of Incorporation generally restrict Secondary Market Purchases and exercises of Warrants prior to February 16, 1998, subject to various exceptions contained therein. AIG would file notification(s) under the Hart-Scott-Rodino Antitrust Improvements Act in order to permit the foregoing to the extent necessary. AIG would make any negotiated acquisition of the Company or Secondary Market Purchases itself. ITEM 2. IDENTITY AND BACKGROUND. (a) through (c). This statement is filed by AIG, on behalf of itself and the AIG Subs. AIG is a holding company which through its subsidiaries is primarily engaged in a broad range of insurance and insurance-related activities and financial services in the United States and abroad. AIG's primary activities through its subsidiaries include both general and life insurance operations. Each of the AIG Subs is a multiple line insurance company which writes substantially all lines of property and casualty insurance in all states of the United States and abroad. The principal executive offices of AIG and each of the AIG Subs are located at 70 Pine Street, New York, New York 10270. A list of the directors and executive officers ("Covered Persons") of AIG, American Home, Commerce & Industry, National Union, New Hampshire, SICO, The Starr Foundation and Starr, their business addresses and principal occupations is attached hereto as Exhibit A. Each of the Covered Persons is a citizen of the United States, except Messrs. Johnson, Manton, Milton, Sullivan and Tse, who are British subjects, Messrs. Cohen and McMillan, who are Canadian citizens, and Mr. Sakai, who is a Japanese citizen. (d) and (e). During the last five years, none of AIG, SICO, The Starr Foundation, Starr, American Home, Commerce & Industry, National Union and New Hampshire, or any of the Covered Persons, has (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. (a)-(b) If executed on the NYSE or other exchanges or in the over-the-counter market, the purchase prices for Secondary Market Purchases will be market prices when executed. With respect to any privately negotiated -8- transactions, the purchase price and form of consideration will be as negotiated between AIG and the Company or, if applicable, the seller. With respect to any tender offers, the purchase price will be as specified in the tender offer materials. AIG would pay cash for Secondary Market Purchases. The aggregate amount of funds necessary to effectuate Secondary Market Purchases is not determinable, as it is dependent upon (i) the purchase prices discussed above and (ii) the number of shares of Common Stock purchased. AIG would obtain funding for any Secondary Market Purchases internally from working capital or, if external funding were used, from the capital markets in the form of commercial paper or medium term notes. In the case of conversion of the Series A Preferred Stock, the consideration for the shares of Common Stock obtained by AIG would be the Series A Preferred Stock. Each share of Series A Preferred Stock is convertible into approximately 88.26 shares of Common Stock (equivalent to a conversion price of $11.33 per share). In the case of exercise of the Series A Warrants, the cash consideration to the Company would be $9.10 per share or, assuming full exercise of the Series A Warrants, $145.6 million. The aggregate consideration for the Common Stock underlying the Series A Warrants may be obtained internally from working capital or from external funding as indicated above with respect to Secondary Market Purchases. ITEM 4. PURPOSE OF TRANSACTION. (a). See discussion in Item 1. (b) through (j). AIG currently has no plans or proposals to change the present Board of Directors or management of the Company or to change the Company's dividend policy, capitalization, certificate of incorporation or by-laws; however, AIG may from time to time reevaluate the desirability of proposing changes to the composition of the Company's Board of Directors to increase AIG's representation thereon. AIG currently has no plans or proposals with respect to a reorganization, liquidation, sale of material assets or similar transaction involving the Company. See Item 1 for discussion concerning the possibility of AIG's acquisition of the Company by merger or otherwise. AIG believes that any Secondary Market Purchases it may make of the Company's Common Stock will not result in delisting of the shares of Common Stock from the New York Stock Exchange. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a). Each AIG Sub's current ownership -9- interests in the Company and the Common Stock are as shown in the following table: Number of Shares of Common Stock Percentage of Obtainable Fully Diluted AIG Sub Upon Shares of (and state Conversion/ Common Stock of domicile) Number of Shares Exercise Outstanding (1) ------------ ---------------- ------------ --------------- American Home 102,250 shares of Assurance Company Series A 9,024,713 10.32% (New York) Preferred Stock(2) 298,000 shares of 298,000 0.34 Common Stock(4) Commerce & 61,350 shares of Industry Insurance Series A 5,414,828 6.19 Company Preferred Stock(2) (New York) New Hampshire 61,350 shares of 5,414,828 6.19 Insurance Company Series A (Pennsylvania) Preferred Stock(2) National Union 16 Million Series Fire Insurance A Warrants(3) 16,000,000 18.29 Company of Pittsburgh, Pa. 602,000 shares(5) (Pennsylvania) of Common Stock 602,000 0.69 ---------- -------- Total Common Shares 36,754,369 42.02 - ------------- (1) Based on the number of shares of Common Stock outstanding as of October 23, 1997 (51,629,861 shares) as reported by the Company in its Quarterly Report on Form 10-Q for the nine months ended September 30, 1997, as adjusted to give effect to the issuance of shares of Common Stock issuable on full conversion of the 224,950 shares of Series A Preferred Stock and on full exercise of the 16 million Series A Warrants. (2) The aggregate number of shares of Series A Preferred Stock owned by the AIG Subs is 224,950, representing 200,000 shares purchased at the time of the initial investment in December 1994, 20,000 shares purchased in March 1995 when the Investment Agreement was amended and 4,950 shares issued as a pay-in-kind dividend by the Company in 1995. To date, the AIG Subs have not converted any shares of Series A Preferred Stock. The aggregate number of shares of Common Stock obtainable upon full conversion is 19,854,369 (or 22.69% of fully converted shares). -10- (3) The 16 million Series A Warrants were purchased at the time of the initial investment in December 1994 and to date the AIG Subs have not exercised any Series A Warrants. (4) Purchased prior to November, 1991. (5) Purchased prior to June, 1994. (b) AIG and each AIG Sub share voting and dispositive power as to the securities owned by such AIG Sub. (c). AIG, American Home, Commerce and Industry, National Union, New Hampshire, SICO, The Starr Foundation and Starr, and, to the best of each of their knowledge, the Covered Persons, have not engaged in any transactions in the Common Stock within the past 60 days. (d) and (e). Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS & RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Contracts, arrangements, understandings and relationships with respect to the securities of the Company consist of the Investment Agreement, the Series A Warrant, the Certificate of Determination, the Certificate of Amendment, the By-Laws, the Quota Share Agreements and the Registration Rights Agreement and the Amendment, each of which was attached as an exhibit to the Schedule 13D. All of such contracts, arrangements, understandings and relationships are incorporated herein in their entirety by reference. In addition, Section 5.2 of the Investment Agree ment provided that AIG and the Company would enter into one or more joint ventures in the form of a separate subsidiary or subsidiaries to engage in the Company's business outside of California. The Company and AIG established one such venture in Arizona, 20th Century Insurance Company of Arizona. AIG understands that in 1997 the Company decided to proceed to engage in business outside California without AIG as a partner. As of February 15, 1997, the Company began offering renewal of policies for 68,000 homeowner insurance customers. The Company is complying with California's requirement to offer earthquake coverage to those customers through a separate residential earthquake insurance policy underwritten and issued by American Home Assurance Company, one of the AIG Subs. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. (A) List of Covered Persons -11- (B) Exhibits A through F and H to the Schedule 13D dated December 16, 1994 previously filed by American International Group, Inc., a Delaware corporation ("AIG"), relating to the common stock, without par value ("Common Stock"), of 20th Century Industries, a California corporation (the "Company") are incorporated herein by reference. (C) Exhibit A to Amendment No. 1 to Schedule 13D dated March 23, 1995 previously filed by AIG relating to the Common Stock of the Company is incorporated herein by reference. -12- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 20, 1998 AMERICAN INTERNATIONAL GROUP, INC. By:______________________ AMERICAN HOME ASSURANCE COMPANY By:_______________________ COMMERCE AND INDUSTRY INSURANCE COMPANY By:_______________________ NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA. By:_______________________ NEW HAMPSHIRE INSURANCE COMPANY By:_______________________ -13- EXHIBIT INDEX -------------- (A) List of Covered Persons (B) Exhibits A through F and H to the Schedule 13D dated December 16, 1994 previously filed by American International Group, Inc., a Delaware corporation ("AIG"), relating to the common stock, without par value ("Common Stock"), of 20th Century Industries, a California corporation (the "Company") are incorporated herein by reference. (C) Exhibit A to Amendment No. 1 to Schedule 13D dated March 23, 1995 previously filed by AIG relating to the Common Stock of the Company is incorporated herein by reference. -14- EX-99 2 LIST OF COVERED PERSONS AS EXHIBIT A EXHIBIT A AMERICAN INTERNATIONAL GROUP, INC. DIRECTORS M. Bernard Aidinoff Sullivan & Cromwell 125 Broad Street New York, New York 10004 Lloyd M. Bentsen Verner Liipfert Bernhard McPherson & Hand 2600 Texas Commerce Tower 600 Travis Street Suite 2600 Houston, Texas 77002 Pei-yuan Chia 298 Bedford - Banksville Road Bedford, New York 10506 Marshall A. Cohen Cassels, Brock & Blackwell 40 King Street West 20th Fl. Toronto, Ontario M5H 3C2 Barber B. Conable, Jr. P.O. Box 218 Alexander, New York 14005 Martin S. Feldstein National Bureau of Economic Research, Inc. 1050 Massachusetts Avenue Cambridge, Massachusetts 02138 Leslie L. Gonda International Lease Finance Corporation 1999 Avenue of the Stars Los Angeles, California 90067 Evan G. Greenberg American International Group, Inc. 70 Pine Street New York, New York 10270 M. R. Greenberg American International Group, Inc. 70 Pine Street New York, New York 10270 -1- Carla A. Hills Hills & Company 1200 19th Street, N.W. - 5th Fl. Washington, DC 20036 Frank J. Hoenemeyer 7 Harwood Drive Madison, New Jersey 07940 Edward E. Matthews American International Group, Inc. 70 Pine Street New York, New York 10270 Dean P. Phypers 220 Rosebrook Road New Canaan, Connecticut 06840 Howard I. Smith American International Group, Inc. 70 Pine Street New York, New York 10270 Thomas R. Tizzio American International Group, Inc. 70 Pine Street New York, New York 10270 Edmund S.W. Tse American International Assurance Co., Ltd. 1 Stubbs Road Hong Kong Frank G. Wisner American International Group, Inc. 70 Pine Street New York, New York 10270 -2- AMERICAN INTERNATIONAL GROUP, INC. EXECUTIVE OFFICERS M.R. Greenberg Chairman & Chief Executive Officer 70 Pine Street New York, New York 10270 Thomas R. Tizzio Senior Vice Chairman - General 70 Pine Street Insurance New York, New York 10270 Edward E. Matthews Vice Chairman - Investments & 70 Pine Street Financial Services New York, New York 10270 Edmund S.W. Tse Vice Chairman - Life Insurance American International Assurance Co., Ltd. 1 Stubbs Road Hong Kong Frank G. Wisner Vice Chairman - External Affairs 70 Pine Street New York, New York 10270 Evan G. Greenberg President & Chief Operating Officer 70 Pine Street New York, New York 10270 Edwin A.G. Manton Senior Advisor 70 Pine Street New York, New York 12070 John J. Roberts Senior Advisor 70 Pine Street New York, New York 10270 Ernest E. Stempel Senior Advisor 70 Pine Street New York, New York 10270 Robert B. Sandler Executive Vice President - Senior 70 Pine Street Casualty Actuary & Senior Claims Officer New York, New York 10270 -3- Howard I. Smith Executive Vice President, Chief 70 Pine Street Financial Officer & Comptroller New York, New York 10270 Lawrence W. English Senior Vice President - Administration 70 Pine Street New York, New York 10270 Axel I. Freudmann Senior Vice President - Human Resources 72 Wall Street New York, New York 10270 Win J. Neuger Senior Vice President & Chief 70 Pine Street Investment Officer New York, New York 10270 Martin J. Sullivan Senior Vice President - 70 Pine Street Foreign General Insurance New York, New York 10270 Florence A. Davis Vice President & General Counsel 70 Pine Street New York, New York 10270 William N. Dooley Vice President & Treasurer 70 Pine Street New York, New York 10270 Robert E. Lewis Vice President & Chief Credit Officer 70 Pine Street New York, New York 10270 Frank Petralito II Vice President & Director of Taxes 70 Pine Street New York, New York 10270 Kathleen E. Shannon Vice President, Secretary & 70 Pine Street Associate General Counsel New York, New York 10270 John T. Wooster, Jr. Vice President - Communications 72 Wall Street New York, New York 10270 -4- STARR INTERNATIONAL COMPANY, INC. EXECUTIVE OFFICERS & DIRECTORS Houghton Freeman 1880 Mountain Road, #14 Director Stowe, Vermont 05672 Evan G. Greenberg 70 Pine Street Director New York, New York 10270 Maurice R. Greenberg 70 Pine Street Director & Chairman of New York, New York 10270 the Board Joseph C.H. Johnson American International Building Director, President Richmond Road & Treasurer Pembroke 543 Bermuda Edwin A.G. Manton 70 Pine Street Director New York, New York 10270 Edward E. Matthews 70 Pine Street Director New York, New York 10270 L. Michael Murphy American International Building Director, Vice President Richmond Road & Secretary Pembroke 543 Bermuda John J. Roberts 70 Pine Street Director New York, New York 10270 Robert M. Sandler 70 Pine Street Director New York, New York 10270 Howard I. Smith 70 Pine Street Director New York, New York 10270 Ernest E. Stempel 70 Pine Street Director New York, New York 10270 Thomas R. Tizzio 70 Pine Street Director New York, New York 10270 Edmund S.W. Tse 1, Stubbs Road Director Hong Kong -5- THE STARR FOUNDATION EXECUTIVE OFFICERS & DIRECTORS M.R. Greenberg 70 Pine Street Director and Chairman New York, New York 10270 T.C. Hsu 70 Pine Street Director and President New York, New York 10270 Marion Breen 70 Pine Street Director and Vice President New York, New York 10270 John J. Roberts 70 Pine Street Director New York, New York 10270 Ernest E. Stempel 70 Pine Street Director New York, New York 10270 Houghton Freeman 1880 Mountain Road, #14 Director Stowe, Vermont 05672 Edwin A.G. Manton 70 Pine Street Director New York, New York 10270 Gladys Thomas 70 Pine Street Vice President New York, New York 10270 Frank Tengi 70 Pine Street Treasurer New York, New York 10270 Ida Galler 70 Pine Street Secretary New York, New York 10270 -6- C.V. STARR & CO., INC. EXECUTIVE OFFICERS & DIRECTORS Houghton Freeman 1880 Mountain Road, #14 Director Stowe, Vermont 05672 E.G. Greenberg 70 Pine Street Director & Executive Vice New York, New York 10270 President Maurice R. Greenberg 70 Pine Street Director, President & New York, New York 10270 Chief Executive Officer Edwin A.G. Manton 70 Pine Street Director New York, New York 10270 Edward E. Matthews 70 Pine Street Director, Senior Vice New York, New York 10270 President & Secretary John J. Roberts 70 Pine Street Director New York, New York 10270 Robert M. Sandler 70 Pine Street Director & Vice President New York, New York 10270 Howard I. Smith 70 Pine Street Director & Senior Vice New York, New York 10270 President Ernest E. Stempel 70 Pine Street Director New York, New York 10270 Thomas R. Tizzio 70 Pine Street Director & Senior Vice New York, New York 10270 President Edmund S.W. Tse 1, Stubbs Road Director & Senior Vice Hong Kong President Gary Nitzsche 70 Pine Street Treasurer New York, New York 10270 -7- AMERICAN HOME ASSURANCE COMPANY DIRECTORS Michael J. Castelli American Home Assurance Company 70 Pine Street New York, New York 10270 Charles Dangelo American International Group, Inc. 70 Pine Street New York, New York 10270 Florence A. Davis American International Group, Inc. 70 Pine Street New York, New York 10270 Evan G. Greenberg American International Group, Inc. 70 Pine Street New York, New York 10270 M.R. Greenberg American International Group, Inc. 70 Pine Street New York, New York 10270 Larry D. Hollen American International Group, Inc. 70 Pine Street New York, New York 10270 John G. Hughes American Home Assurance Company 70 Pine Street New York, New York 10270 David M. Hupp American Home Assurance Company 70 Pine Street New York, New York 10270 Edwin A.G. Manton American International Group, Inc. 70 Pine Street New York, New York 10270 Edward E. Matthews American International Group, Inc. 70 Pine Street New York, New York 10270 Christian M. Milton American International Group, Inc. 70 Pine Street New York, New York 10270 -8- Michael Mitrovic American International Group, Inc. 70 Pine Street New York, New York 10270 Kristian P. Moor American International Group, Inc. 70 Pine Street New York, New York 10270 Win J. Neuger American International Group, Inc. 70 Pine Street New York, New York 10270 Takaki Sakai A.I.U. K.K. P.O. Box 951 Tokyo, Japan Robert B. Sandler American International Group, Inc. 70 Pine Street New York, New York 10270 B. Michael Schlenke American Home Assurance Company 70 Pine Street New York, New York 10270 Howard I. Smith American International Group, Inc. 70 Pine Street New York, New York 10270 Thomas R. Tizzio American International Group, Inc. 70 Pine Street New York, New York 10270 -9- AMERICAN HOME ASSURANCE COMPANY EXECUTIVE OFFICERS Thomas R. Tizzio Chairman of the Board 70 Pine Street New York, New York 10270 B. Michael Schlenke Vice Chairman 70 Pine Street New York, New York 10270 Larry D. Hollen President 70 Pine Street New York, New York 10270 Timothy P. Mitchell Executive Vice President 70 Pine Street New York, New York 10270 Kristian P. Moor Executive Vice President 70 Pine Street New York, New York 10270 Michael J. Castelli Senior Vice President & Treasurer 70 Pine Street New York, New York 10270 Frank H. Douglas, Jr. Senior Vice President & Actuary 70 Pine Street New York, New York 10270 David M. Hupp Senior Vice President 70 Pine Street New York, New York 10270 William R. Jacobi Senior Vice President 70 Pine Street New York, New York 10270 Vincent J. Masucci Senior Vice President 777 S. Figueroa Street 18th Floor Los Angeles, California 90017 Edward E. Matthews Senior Vice President 70 Pine Street New York, New York 10270 -10- John F. Schumacher Senior Vice President 70 Pine Street New York, New York 10270 David J. Walsh Senior Vice President & General Counsel 70 Pine Street New York, New York 10270 Mark T. Willis Senior Vice President 500 W. Madison Street Chicago, Illinois 60661 Robert Beier Vice President 70 Pine Street New York, New York 10270 John J. Blumenstock Vice President & Assistant Comptroller 70 Pine Street New York, New York 10270 Lawrence W. Carlstrom Vice President 70 Pine Street New York, New York 10270 John G. Colona Vice President 70 Pine Street New York, New York 10270 Robert K. Conry Vice President 70 Pine Street New York, New York 10270 Brian S. Frisch Vice President & Assistant Comptroller 70 Pine Street New York, New York 10270 Kumar Gursahaney Vice President & Comptroller 70 Pine Street New York, New York 10270 Harold S. Jacobowitz Vice President 70 Pine Street New York, New York 10270 Dee R. Klock Vice President 70 Pine Street New York, New York 10270 -11- Gary A. McMillan Vice President 70 Pine Street New York, New York 10270 Robert B. Meyer Vice President 70 Pine Street New York, New York 10270 Christian M. Milton Vice President 70 Pine Street New York, New York 10270 Win J. Neuger Vice President 70 Pine Street New York, New York 10270 David B. Pinkerton Vice President 70 Pine Street New York, New York 10270 Elizabeth M. Tuck Secretary 70 Pine Street New York, New York 10270 -12- COMMERCE & INDUSTRY INSURANCE COMPANY DIRECTORS Joseph L. Boren American International Group, Inc. 70 Pine Street New York, New York 10270 Michael J. Castelli American Home Assurance Company 70 Pine Street New York, New York 10270 Florence A. Davis American International Group, Inc. 70 Pine Street New York, New York 10270 Evan G. Greenberg American International Group, Inc. 70 Pine Street New York, New York 10270 M.R. Greenberg American International Group, Inc. 70 Pine Street New York, New York 10270 John G. Hughes American International Group, Inc. 70 Pine Street New York, New York 10270 David M. Hupp American Home Assurance Company 70 Pine Street New York, New York 10270 Kevin H. Kelley Lexington Insurance Company 200 State Street Boston, Massachusetts 02109 Edwin A.G. Manton American International Group, Inc. 70 Pine Street New York, New York 10270 Edward E. Matthews American International Group, Inc. 70 Pine Street New York, New York 10270 Michael Mitrovic American International Group, Inc. 70 Pine Street New York, New York 10270 -13- Win J. Neuger American International Group, Inc. 70 Pine Street New York, New York 10270 B. Michael Schlenke American International Group, Inc. 70 Pine Street New York, New York 10270 Howard I. Smith American International Group, Inc. 70 Pine Street New York, New York 10270 Thomas R. Tizzio American International Group, Inc. 70 Pine Street New York, New York 10270 -14- COMMERCE & INDUSTRY INSURANCE COMPANY EXECUTIVE OFFICERS Thomas R. Tizzio Chairman of the Board 70 Pine Street & Chief Executive Officer New York, New York 10270 Joseph L. Boren President 70 Pine Street New York, New York 10270 Michael J. Castelli Senior Vice President & Treasurer 70 Pine Street New York, New York 10270 Robert K. Conry Senior Vice President 70 Pine Street New York, New York 10270 Frank H. Douglas, Jr. Senior Vice President 70 Pine Street New York, New York 10270 David M. Hupp Senior Vice President 70 Pine Street New York, New York 10270 Vincent J. Masucci Senior Vice President 777 S. Figueroa Street 18th Floor Los Angeles, California 90017 Edward E. Matthews Senior Vice President - Finance 70 Pine Street New York, New York 10270 David J. Walsh Senior Vice President 70 Pine Street & General Counsel New York, New York 10270 Robert Beier Vice President 70 Pine Street New York, New York 10270 -15- John J. Blumenstock Vice President & Assistant 70 Pine Street Comptroller New York, New York 10270 Kenneth B. Cornell Vice President 70 Pine Street New York, New York 10270 Brian S. Frisch Vice President & Assistant 70 Pine Street Comptroller New York, New York 10270 Kumar Gursahaney Vice President & Comptroller 70 Pine Street New York, New York 10270 John G. Hughes Vice President 70 Pine Street New York, New York 10270 Shaun E. Kelly Vice President 70 Pine Street New York, New York 10270 Dee R. Klock Vice President 70 Pine Street New York, New York 10270 Robert B. Meyer Vice President 70 Pine Street New York, New York 10270 Christian M. Milton Vice President 70 Pine Street New York, New York 10270 Clifford P. Moore Vice President 70 Pine Street New York, New York 10270 Win J. Neuger Vice President 70 Pine Street New York, New York 10270 David B. Pinkerton Vice President 70 Pine Street New York, New York 10270 -16- Elizabeth M. Tuck Secretary 70 Pine Street New York, New York 10270 -17- NEW HAMPSHIRE INSURANCE COMPANY DIRECTORS Michael J. Castelli American International Group, Inc. 70 Pine Street New York, New York 10270 Evan G. Greenberg American International Group, Inc. 70 Pine Street New York, New York 10270 M.R. Greenberg American International Group, Inc. 70 Pine Street New York, New York 10270 Edwin A.G. Manton American International Group, Inc. 70 Pine Street New York, New York 10270 Edward E. Matthews American International Group, Inc. 70 Pine Street New York, New York 10270 Win J. Neuger American International Group, Inc. 70 Pine Street New York, New York 10270 Theodore J. Rupley American International Group, Inc. 70 Pine Street New York, New York 10270 Robert M. Sandler American International Group, Inc. 70 Pine Street New York, New York 10270 Howard I. Smith American International Group, Inc. 70 Pine Street New York, New York 10270 Thomas R. Tizzio American International Group, Inc. 70 Pine Street New York, New York 10270 -18- NEW HAMPSHIRE INSURANCE COMPANY EXECUTIVE OFFICERS Theodore J. Rupley Chairman of the Board & President 70 Pine Street New York, New York 10270 Michael J. Castelli Senior Vice President & Treasurer 70 Pine Street New York, New York 10270 Alan G. Driscoll Senior Vice President 70 Pine Street New York, New York 10270 Robert Beier Vice President 70 Pine Street New York, New York 10270 John J. Blumenstock Vice President & Assistant Comptroller 70 Pine Street New York, New York 10270 John G. Colona Vice President 70 Pine Street New York, New York 10270 Frank H. Douglas, Jr. Vice President 70 Pine Street New York, New York 10270 Thomas M. Flaherty Vice President 70 Pine Street New York, New York 10270 Richard G. Friesenhahn Vice President 70 Pine Street New York, New York 10270 Brian S. Frisch Vice President & Assistant Comptroller 70 Pine Street New York, New York 10270 Kumar Gursahaney Vice President & Comptroller 70 Pine Street New York, New York 10270 -19- Dee R. Klock Vice President 70 Pine Street New York, New York 10270 Anthony J. Kyasky Vice President 70 Pine Street New York, New York 10270 Edward E. Matthews Vice President 70 Pine Street New York, New York 10270 Robert B. Meyer Vice President 70 Pine Street New York, New York 10270 Christian M. Milton Vice President 70 Pine Street New York, New York 10270 Win J. Neuger Vice President 70 Pine Street New York, New York 10270 David B. Pinkerton Vice President 70 Pine Street New York, New York 10270 Marc D. Vivori Vice President 70 Pine Street New York, New York 10270 David J. Walsh Vice President & General Counsel 70 Pine Street New York, New York 10270 Elizabeth M. Tuck Secretary 70 Pine Street New York, New York 10270 -20- NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA DIRECTORS Michael J. Castelli American Home Assurance Company 70 Pine Street New York, New York 10270 Charles Dangelo American International Group, Inc. 70 Pine Street New York, New York 10270 Evan G. Greenberg American International Group, Inc. 70 Pine Street New York, New York 10270 M.R. Greenberg American International Group, Inc. 70 Pine Street New York, New York 10270 John G. Hughes American Home Assurance Company 70 Pine Street New York, New York 10270 David M. Hupp American Home Assurance Company 70 Pine Street New York, New York 10270 Edwin A.G. Manton American International Group, Inc. 70 Pine Street New York, New York 10270 Edward E. Matthews American International Group, Inc. 70 Pine Street New York, New York 10270 Christian M. Milton American International Group, Inc. 70 Pine Street New York, New York 10270 Michael Mitrovic American International Group, Inc. 70 Pine Street New York, New York 10270 -21- Kristian P. Moor American International Group, Inc., 70 Pine Street New York, New York 10270 Win J. Neuger American International Group, Inc. 70 Pine Street New York, New York 10270 Robert M. Sandler American International Group, Inc. 70 Pine Street New York, New York 10270 B. Michael Schlenke American International Group, Inc. 70 Pine Street New York, New York 10270 Thomas R. Tizzio American International Group, Inc. 70 Pine Street New York, New York 10270 -22- NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA EXECUTIVE OFFICERS Thomas R. Tizzio Chairman of the Board 70 Pine Street New York, New York 10270 Kristian P. Moor President 70 Pine Street New York, New York 10270 B. Michael Schlenke Executive Vice President 70 Pine Street New York, New York 10270 Lawrence W. Calstrom Senior Vice President 70 Pine Street New York, New York 10270 Michael J. Castelli Senior Vice President 70 Pine Street New York, New York 10270 Frank H. Douglas Jr. Senior Vice President 70 Pine Street New York, New York 10270 David M. Hupp Senior Vice President 70 Pine Street New York, New York 10270 Vincent J. Masucci Senior Vice President 777 S. Figueroa Street 18th Floor Los Angeles, California 90017 Edward E. Matthews Senior Vice President 70 Pine Street New York, New York 10270 Christian M. Milton Senior Vice President 70 Pine Street New York, New York 10270 -23- Michael Mitrovic Senior Vice President 70 Pine Street New York, New York 10270 David J. Walsh Senior Vice President 70 Pine Street & General Counsel New York, New York 10270 Mark T. Willis Senior Vice President 500 W. Madison Street Chicago, Illinois 60661 Robert Beier Vice President 70 Pine Street New York, New York 10270 John J. Blumenstock Vice President & Assistant 70 Pine Street Comptroller New York, New York 10270 John G. Colona Vice President 70 Pine Street New York, New York 10270 Robert K. Conry Vice President 70 Pine Street New York, New York 10270 Gregory J. Flood Vice President 70 Pine Street New York, New York 10270 Brian S. Frisch Vice President & Assistant 70 Pine Street Comptroller New York, New York 10270 Kumar Gursahaney Vice President 70 Pine Street & Comptroller New York, New York 10270 Harold S. Jacobowitz Vice President 70 Pine Street New York, New York 10270 Dee R. Klock Vice President 70 Pine Street New York, New York 10270 -24- Donn R. Kolbeck Vice President 70 Pine Street New York, New York 10270 Louis Lubrano Vice President 70 Pine Street New York, New York 10270 Robert B. Meyer Vice President 70 Pine Street New York, New York 10270 Lena Mkhitarian Vice President 70 Pine Street New York, New York 10270 Christian M. Milton Vice President 70 Pine Street New York, New York 10270 Win J. Neuger Vice President 70 Pine Street New York, New York 10270 Robert E. Omahne Vice President 70 Pine Street New York, New York 10270 David B. Pinkerton Vice President 70 Pine Street New York, New York 10270 Elizabeth M. Tuck Secretary 70 Pine Street New York, New York 10270 -25- -----END PRIVACY-ENHANCED MESSAGE-----