11-K 1 c70369e11vk.txt ANNUAL REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K (Mark One) /X/ ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2001 OR / / TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 000-30898 A. Full title of the plan and the address of the plan, if different from that of the issuer named below: All*AmerUs Savings and Retirement Plan B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: AmerUs Group Co. 699 Walnut Street Des Moines, IA 50309-3948 FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULE All*AmerUs Savings and Retirement Plan Years Ended December 31, 2001 and 2000 All*AmerUs Savings and Retirement Plan Financial Statements and Supplemental Schedule Years Ended December 31, 2001 and 2000 CONTENTS Report of Independent Auditors ....................................... 1 Audited Financial Statements Statements of Net Assets Available for Benefits ...................... 2 Statements of Changes in Net Assets Available for Benefits ........... 3 Notes to Financial Statements ........................................ 4 Supplemental Schedule Schedule H, Line 4(i) - Schedule of Assets (Held at End of Year) ..... 11 Report of Independent Auditors The Board of Trustees All*AmerUs Savings and Retirement Plan We have audited the accompanying statements of net assets available for benefits of All*AmerUs Savings and Retirement Plan as of December 31, 2001 and 2000, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan at December 31, 2001 and 2000, and the changes in its net assets available for plan benefits for the years then ended in conformity with accounting principles generally accepted in the United States. Our audits were made for the purpose of forming an opinion on the financial statements taken as a whole. The accompanying supplemental schedule of assets (held at end of year) is presented for the purposes of additional analysis and is not a required part of the financial statements but are supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This supplemental schedule is the responsibility of the Plan's management. This supplemental schedule has been subjected to the auditing procedures applied in our audit of the financial statements and, in our opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole. /s/Ernst & Young LLP Des Moines, Iowa June 7, 2002 1 All*AmerUs Savings and Retirement Plan Statements of Net Assets Available for Benefits DECEMBER 31 2001 2000 ------------------------- Assets Investments $90,735,411 $73,415,374 Employer contributions receivable 2,172,921 1,945,346 ------------------------- Net assets available for benefits $92,908,332 $75,360,720 ========================= See accompanying notes. 2 All*AmerUs Savings and Retirement Plan Statements of Changes in Net Assets Available for Benefits
YEAR ENDED DECEMBER 31 2001 2000 ----------------------------- Additions: Investment income: Interest and dividends $ 1,455,714 $ 6,183,560 Net unrealized and realized losses on investments (4,658,485) (7,895,072) ----------------------------- (3,202,771) (1,711,512) Contributions: Employer 4,417,328 4,910,474 Employees 3,982,601 2,818,125 ----------------------------- 8,399,929 7,728,599 Transfer of net assets from other plans 129,882 225,495 Transfer of net assets resulting from plan merger 19,587,533 -- ----------------------------- Total additions 24,914,573 6,242,582 Deductions - benefits paid to participants (7,366,961) (7,352,068) ----------------------------- Net additions (deductions) 17,547,612 (1,109,486) Net assets available for benefits at beginning of year 75,360,720 76,470,206 ----------------------------- Net assets available for benefits at end of year $ 92,908,332 $ 75,360,720 =============================
See accompanying notes. 3 All*AmerUs Savings and Retirement Plan Notes to Financial Statements December 31, 2001 1. DESCRIPTION OF PLAN The following description of the All*AmerUs Savings and Retirement Plan (the Plan) provides only general information. Participants should refer to the plan agreement for a more complete description of the Plan's provisions. GENERAL The Plan is a contributory defined contribution plan covering all employees of AmerUs Group Co., formerly AmerUs Life Holdings, Inc. (the Company or AmerUs). The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA). Effective October 1, 2001, the Indianapolis Life Insurance Company Salary Reduction Plan and the Bankers Life Insurance Company of New York Profit-Sharing and Salary- Deferral Plan (the Indianapolis Life plans) merged into the Plan. ELIGIBILITY Employees are eligible to participate the first of the month coinciding with, or next following, their hire date. Full-time employees and part-time employees who are scheduled to work fewer than 20 hours per week are eligible if the employee has earned 1,000 hours of service during (a) the one-year period which commences on his date of employment, or (b) any Plan year subsequent to the employee's date of employment. Any individual who was eligible to participate in one of the Indianapolis Life plans as of September 30, 2001 and who is an employee on October 1, 2001 are also eligible employees. CONTRIBUTIONS Participants may contribute up to 15% of annual base salary, overtime pay, short-term disability plan payments, and bonuses (W-2 compensation), but excluding sign-on bonuses, long-term incentives, moving expenses, severance payments, flexible benefit credits taken in cash, car allowances, fitness reimbursements, and exam awards. In addition, participants may contribute flexible benefit credits to the Plan as pretax contributions. Contributions of flexible benefit credits shall be made at the time and in the manner specified in the flexible benefit plan. The amount contributed per year shall not exceed $10,500 in 2001 and $10,500 in 2000. The annual contribution to all retirement benefit plans shall not exceed the lesser of $30,000 or 25% of the participant's compensation. 4 All*AmerUs Savings and Retirement Plan Notes to Financial Statements (continued) 1. DESCRIPTION OF PLAN (CONTINUED) In addition to the above general plan provisions, special provisions of the Plan applicable in connection with the merger of the Indianapolis Life plans provides that an individual who was an eligible participant in one of the Indianapolis Life plans is eligible for profit sharing contributions, salary deferral contributions, and matching contributions during the period from October 1, 2001 to December 31, 2001 in accordance with the terms of the Indianapolis Life plans. The Company contributes 125% of the participant's contribution up to the first 4% of pay contributed, which is called the "company match." The Company also contributes 4% of compensation as of the end of the Plan year, which is called a "core contribution." The Company's "core contribution" is made as a combination of cash and Company stock, with the cash portion being contributed to the Money Purchase Pension component of the Plan and the stock portion being contributed to the Employee Stock Ownership (ESOP) component of the Plan. Each business unit within the Company could elect a "profit sharing contribution" to be allocated among participants employed by the business unit. In addition prior to 2001, the Company contributed annually to each eligible participant who was an active participant in the defined benefit plan sponsored by AmerUs Life Insurance Company (a wholly owned subsidiary of the Company) as of December 31, 1995, an "interim benefit supplement" which is an amount equal to the supplemental percentage multiplied by the participant's compensation. The "interim benefit supplement" is reduced by the profit sharing contribution, if any, for the Plan year. Further, the Company contributes annually to each eligible participant who would have been an active participant on January 2, 1999 in the AmVestors Money Purchase Pension Plan had that plan not been discontinued, an "interim benefit supplement" which is an amount equal to the supplemental percentage multiplied by the participant's compensation. PARTICIPANT ACCOUNTS Each participant's account is credited with the participant's contribution, the Company's contribution, and an allocation of Plan net earnings. Allocations of net earnings are based on account balances, as defined. Forfeited balances of terminated participants' nonvested accounts are used to reduce future Company contributions. The benefit to which a participant is entitled is the vested benefit that could be provided from the participant's account. 5 All*AmerUs Savings and Retirement Plan Notes to Financial Statements (continued) 1. DESCRIPTION OF PLAN (CONTINUED) VESTING A participant's interest in pre-tax employee contributions and rollover contributions is fully vested and nonforfeitable at all times. After one year of service, the participant is fully vested in the portion of the participant's account attributable to employer matching contributions. After five years of service, the participant is fully vested in the core contribution, profit sharing contributions, and any interim benefit supplement, however some employees (generally those that have been merged into the plan) are subject to different vesting schedules. In addition, any participant whose position is eliminated during the period from September 1, 2001 to December 31, 2002 shall have a fully vested interest in their account balance upon their termination of employment. PAYMENT OF BENEFITS On termination of service, a participant may elect to receive a lump-sum amount equal to the value of the participant's account; regular installments paid monthly, quarterly, or annually over a period designated or dollar amount specified by the participant, not to exceed the participant's life expectancy; a joint and 50% survivor annuity for the lives of the participant and spouse, which is purchased from a life insurance company with the proceeds from the participant's account; or a participant may elect to rollover the value of the account into another company's plan or into an established individual retirement account. INVESTMENT OPTIONS Participants may direct contributions in 1% increments among thirteen core investment options, including 11 mutual funds offered by American Century Services Corporation, investments through American Century Personal Choice Retirement Account (PCRA) or common stock of AmerUs. Prior to January 1, 2001, participants could also direct their contributions to be invested in individual securities through Schwab Personal Choice Retirement Accounts. Participants are limited to 50% of their vested account balance (minimum of $1,000) in the American Century Personal Choice Retirement Account or common stock of AmerUs. Ultra Investors Fund - funds invested in stocks of larger companies with a long-term capital growth potential. 6 All*AmerUs Savings and Retirement Plan Notes to Financial Statements (continued) 1. DESCRIPTION OF PLAN (CONTINUED) Vista Investors Fund - funds invested primarily in stocks of small to medium-sized companies with long-term capital growth potential. This fund was frozen and made unavailable for new contributions effective January 1, 1999. International Growth Fund - funds invested in companies of all sizes located in foreign countries. Value Fund - funds invested primarily in equity securities of well-established companies that are believed to be undervalued at time of purchase. Strategic Allocation: Aggressive Fund - funds invested in a diversified portfolio of stocks, bonds, and money market securities. The fund's targeted mix of assets is 75% stocks, 20% bonds, and 5% money market securities. Strategic Allocation: Moderate Fund - funds invested in a diversified portfolio of stocks, bonds, and money market securities. The fund's targeted mix of assets is 60% stocks, 30% bonds, and 10% money market securities. Strategic Allocation: Conservative Fund - funds invested in a diversified portfolio of stocks, bonds, and money market securities. The fund's targeted mix of assets is 40% stocks, 45% bonds, and 15% money market securities. Stable Asset Fund - funds invested exclusively in a diversified pool of high quality fixed income securities. Income & Growth Fund - funds invested in large U.S. companies whose stocks appear undervalued. J.P. Morgan U.S. Small Company Opportunities Fund - funds invested primarily in the common stocks of small U.S. companies whose market capitalization are greater than $150 million and less than $1.25 billion when purchased. Diversified Bond Fund - funds invested in high and medium grade, non-money market debt securities. They are payable in U.S. or foreign currencies, including corporate bonds and notes, government securities, and securities backed by mortgages or other assets. 7 All*AmerUs Savings and Retirement Plan Notes to Financial Statements (continued) 1. DESCRIPTION OF PLAN (CONTINUED) Common Stock of AmerUs - funds invested in common stock of AmerUs. For reporting purposes, AmerUs stock represents both common stock held under the AmerUs stock core investment fund and stock held under the ESOP component of the Plan. Charles Schwab & Co. Inc. (Schwab) Personal Choice Retirement Account - funds allow the individual participant to purchase the mutual funds, stocks, and bonds offered through Schwab. PARTICIPANT LOANS Participants may borrow from their fund accounts. Maximum allowable borrowings are 50% of the participant's vested account balance, not to exceed $50,000. The minimum borrowing is $1,000. The loans bear interest at rates established by the AmerUs Benefit and Pension Committee. Interest rates ranged from 5.5% to 6% at December 31, 2001 and 2000, respectively. PLAN TERMINATION Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants will become 100% vested in their accounts. ADMINISTRATIVE EXPENSES The Company pays all expenses of the Plan, with the exception of loan origination fees, which are charged directly to the participant's account. 2. SIGNIFICANT ACCOUNTING POLICIES INVESTMENT VALUATION AND INCOME RECOGNITION Investments in mutual funds and common stock of AmerUs is reported at fair value, based upon the latest quoted market price. Participant loans are valued at their unpaid principal balance, representing estimated fair value. The marketable securities in the PCRA, which include common stocks, mutual funds, bonds and a money market fund, are reported at fair value. 8 All*AmerUs Savings and Retirement Plan Notes to Financial Statements (continued) 2. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. USE OF ESTIMATES The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. 3. INVESTMENTS Participants have no investment direction authority over that portion the AmerUs common stock related to the non-vested ESOP Company core contributions. A summary of the significant components of the changes in the ESOP portion of the AmerUs common stock is as follows: YEAR ENDED DECEMBER 31 2001 2000 -------------------------- AmerUs Group Co. common stock, beginning of year $ 7,941,442 $ 5,603,121 Dividend income 90,099 295,080 Net unrealized and realized gains on investments 178,380 1,875,692 Employer contributions 1,299,242 551,567 Benefits paid to participants (1,351,842) (363,813) Net transfers to other investments (42,976) (20,205) -------------------------- AmerUs Group Co. common stock, end of year $ 8,114,345 $ 7,941,442 ========================== 9 All*AmerUs Savings and Retirement Plan Notes to Financial Statements (continued) 3. INVESTMENTS (CONTINUED) The fair values of individual investments that represent 5% or more of the Plan's net assets are as follows: DECEMBER 31 2001 2000 ---------------------------- Ultra Investors Fund $12,035,208 $13,332,415 International Growth Fund 5,762,814 7,440,779 Value Fund 10,594,934 6,950,711 Strategic Allocation: Moderate Fund 3,942,996 3,802,262 Stable Asset Fund 19,736,425 8,374,140 Income & Growth Fund 12,679,938 10,382,686 Common stock of AmerUs Group Co. 11,365,391 10,389,024 During the years ended December 31, 2001 and 2000, the Plan's investments (including gains and losses on investments bought and sold, as well as held during the year) depreciated in fair value as follows: DECEMBER 31 2001 2000 ---------------------------- Mutual funds $(4,923,186) $(10,482,000) Common stock 264,701 2,586,928 ---------------------------- $(4,658,485) $ (7,895,072) ============================ 4. Income Tax Status The Plan has received a determination letter from the Internal Revenue Service dated February 1, 2001, stating that the Plan is qualified under Section 401(a) of the Internal Revenue Code (the Code) and, therefore, the related trust is exempt from taxation. Subsequent to this issuance of the determination letter, the Plan was amended. Once qualified, the Plan is required to operate in conformity with the Code to maintain its qualification. The plan administrator believes the Plan is being operated in compliance with the applicable requirements of the Code and, therefore, believes that the Plan, as amended, is qualified and the related trust is tax exempt. 10 SUPPLEMENTAL SCHEDULE All*AmerUs Savings and Retirement Plan EIN- 42-1458424 Schedule H, Line 4(i) - Schedule of Assets (Held at End of Year) December 31, 2001
DESCRIPTION OF INVESTMENT, IDENTITY OF ISSUE, BORROWER, INCLUDING MATURITY DATE, RATE CURRENT LESSOR OR SIMILAR PARTY OF INTEREST, PAR OR MATURITY VALUE COST VALUE ------------------------------------------------------------------------------------------------------ PARTICIPANT DIRECTED: American Century Funds(*): Ultra Investors Fund 435,427 shares $12,035,208 Vista Investors Fund 96,738 shares 1,073,796 International Growth Fund 723,063 shares 5,762,814 Value Fund 1,513,562 shares 10,594,934 Strategic Allocation: Aggressive Fund 404,160 shares 2,618,955 Strategic Allocation: Moderate Fund 667,174 shares 3,942,996 Strategic Allocation: Conservative Fund 185,636 shares 970,876 Stable Asset Fund 19,736,425 shares 19,736,425 Income & Growth Fund 463,617 shares 12,679,938 J.P. Morgan U.S. Small Company Opportunities Fund 135,156 shares 1,416,430 Diversified Bond Fund 328,272 shares 3,325,400 ----------- 74,157,772 Common Stock: AmerUs Group Co.(*) - Core Investment Fund 89,954 shares 3,251,046 Personal Choice Retirement Account (PCRA): Common Stock 130,779 shares 1,550,769 Mutual Funds 13,162 shares 337,705 American Century Prime Money Market Fund 641,291 shares 641,291 Bonds $95,000 par value 77,937 Participant loans receivable Loans to participants, 5.0% to 9.5% due through 2006 2,604,546 NON-PARTICIPANT DIRECTED: Common stock: AmerUs Group Co.(*) - ESOP 225,422 shares $4,410,146 8,114,345 ========== ----------- Total investments $90,735,411 ===========
(*)Indicates party-in-interest to the Plan. 11 All*AmerUs Savings and Retirement Plan EIN- 42-1458424 Schedule H, Line 4(i) - Schedule of Assets (Held at End of Year) December 31, 2000
DESCRIPTION OF INVESTMENT, IDENTITY OF ISSUE, BORROWER, INCLUDING MATURITY DATE, RATE CURRENT LESSOR OR SIMILAR PARTY OF INTEREST, PAR OR MATURITY VALUE COST VALUE ------------------------------------------------------------------------------------------------------ Participant Directed: American Century Funds(*): Ultra Investors Fund 411,876 shares $13,332,415 Vista Investors Fund 116,474 shares 1,785,543 International Growth Fund 680,767 shares 7,440,779 Value Fund 1,089,453 shares 6,950,711 Strategic Allocation: Aggressive Fund 366,705 shares 2,658,612 Strategic Allocation: Moderate Fund 602,577 shares 3,802,262 Strategic Allocation: Conservative Fund 131,128 shares 702,846 Bond Fund 257,558 shares 2,384,987 Sable Asset Fund 8,374,141 shares 8,374,140 Income & Growth Fund 343,911 shares 10,382,686 J.P. Morgan U.S. Small Company Opportunities Fund 97, 785 shares 1,362,139 ------------ 59,177,120 Common Stock: AmerUs Group Co.(*) - Core Investment Fund 74,651 shares 2,447,582 Personal Choice Retirement Account (PCRA): ADC Telecommunication 20 shares 363 AT&T Corp. 713 shares 12,350 Avaya Inc. 91 shares 938 Agilent Technologies 100 shares 5,475 Amazon.com Inc. 20 shares 311 America Online Inc. 20 shares 696 American Millennium Corp. 400 shares 225 American Custom Components 1,000 shares 10 American General Corp. 701 shares 57,143 Amgen Inc. 20 shares 1,279 Applied Digital Solution 1,000 shares 688 Applied Materials Inc. 22 shares 840 Arc Wireless Solutions 24,000 shares 6,000 Bank One Corp. 26 shares 958 Bico Inc. 2,000 shares 98 Biomira Inc. 1,200 shares 6,450 Bluefly Inc. 40 shares 23
12 All*AmerUs Savings and Retirement Plan EIN- 42-1458424 Schedule H, Line 4(i) - Schedule of Assets (Held at End of Year) (continued)
DESCRIPTION OF INVESTMENT, IDENTITY OF ISSUE, BORROWER, INCLUDING MATURITY DATE, RATE CURRENT LESSOR OR SIMILAR PARTY OF INTEREST, PAR OR MATURITY VALUE COST VALUE ------------------------------------------------------------------------------------------------------ PARTICIPANT DIRECTED (CONTINUED): Common Stock (continued): PCRA (continued): Brocade Communication Systems Inc. 150 shares $ 13,772 Cable & Wireless PLC ADRF 200 shares 7,975 Casey's General Stores Inc. 405 shares 6,049 Cell Pathways Inc. 21,600 shares 102,600 Cendant Corp. 400 shares 3,850 Charter Communications 204 shares 4,628 Ciena Corp. 240 shares 19,500 Cincinnati Microwave Inc. 400 shares 1 Cisco Systems Inc. 1,255 shares 48,004 Clayton Homes Inc. 328 shares 3,777 Commercial Federal Corp. 50 shares 972 Compaq Computer Corp. 100 shares 1,505 Computer Associates International Inc. 1,000 shares 19,500 Conseco Inc. 300 shares 3,956 Cray Inc. 350 shares 525 Dave & Busters Inc. 50 shares 550 Deere & Company 100 shares 4,581 Dell Computer Corp. 30 shares 523 DNA Medical Techs Inc. 5,000 shares 30 Duramed Pharmaceutical 2,500 shares 8,527 Ebay Inc. 144 shares 4,752 Econnect 1,000 shares 310 E.Mergent Inc. 1,000 shares 1,500 Enron Corp. 75 shares 6,265 Exodus Communication Inc. 834 shares 16,680 Exxon Mobil Corp. 1,000 shares 86,938 Federal Signal Corp. 109 shares 2,143 First Union Corp. 1,066 shares 29,657 GAP Inc. 1,000 shares 25,500 Gardenburger Inc. 500 shares 250 Gateway Inc. 320 shares 5,757 Global Crossing Ltd. 2,000 shares 28,625 Goupe AB SA ADR 300 shares 5,100 Gulf Canada Res Ltd. 1,000 shares 5,063 John Hancock Financial Services 100 shares 3,763
13 All*AmerUs Savings and Retirement Plan EIN- 42-1458424 Schedule H, Line 4(i) - Schedule of Assets (Held at End of Year) (continued)
DESCRIPTION OF INVESTMENT, IDENTITY OF ISSUE, BORROWER, INCLUDING MATURITY DATE, RATE CURRENT LESSOR OR SIMILAR PARTY OF INTEREST, PAR OR MATURITY VALUE COST VALUE ------------------------------------------------------------------------------------------------------ PARTICIPANT DIRECTED (CONTINUED): Common Stock (continued): PCRA (continued): Harley Davidson Inc. 37 shares $ 1,471 Headstrong Group Inc. 1,000 shares 1 Homeservices.com Inc. 500 shares 5,438 I Link Inc. 100 shares 78 Intel Corp. 262 shares 7,885 Interact Commerce Corp. 5,000 shares 41,875 Interdigital Communication Corp 100 shares 541 International Business Machines 221 shares 18,762 Interneuron Pharmaceuticals Inc 400 shares 513 Internet Capital Group 200 shares 656 Iomega Corp. 250 shares 843 ISIS Pharmaceuticals Inc. 347 shares 3,687 JDS Uniphase Corp. 600 shares 25,013 Keycorp Inc. 2,091 shares 58,541 L-3 Communications Holdings 25 shares 1,925 Laserscope 4,800 shares 5,250 Leasing Solutions Inc. 4,000 shares 62 Lennox International Inc. 5,639 shares 43,706 Level 3 Communications 600 shares 19,688 Lincoln National Corp. 259 shares 12,245 Lowes Companies Inc. 200 shares 8,900 Lucent Technologies Inc. 1,617 shares 21,830 Marsh & McLennan Company Inc. 25 shares 2,925 Martha Stewart Living Omni 100 shares 2,006 Maytag Corp. 1,663 shares 53,747 Maxtor Corp. 3,500 shares 19,578 McLeod USA Inc. 1,799 shares 25,411 McKesson HBOC Inc. 101 shares 3,633 Merck & Company Inc. 74 shares 6,928 Microsoft Corp. 125 shares 5,422 Microware Systems Corp. 900 shares 394 Motorola Inc. 80 shares 1,620 NBC Internet Inc. 20 shares 70 Net Perceptions Inc. 500 shares 1,047 Newell Rubbermaid Inc. 100 shares 2,275 Nokia Corp. 20 shares 870 Occidental Pete Corp. 1,900 shares 46,075
14 All*AmerUs Savings and Retirement Plan EIN- 42-1458424 Schedule H, Line 4(i) - Schedule of Assets (Held at End of Year) (continued)
DESCRIPTION OF INVESTMENT, IDENTITY OF ISSUE, BORROWER, INCLUDING MATURITY DATE, RATE CURRENT LESSOR OR SIMILAR PARTY OF INTEREST, PAR OR MATURITY VALUE COST VALUE ------------------------------------------------------------------------------------------------------ PARTICIPANT DIRECTED (CONTINUED): Common Stock (continued): PCRA (continued): Ontro Inc. 1,000 shares $ 1,813 Oracle Corporation 660 shares 19,181 PMC Sierra Inc. 50 shares 3,931 Pawnbroker.com Inc. 275 shares 32 Pepsico Inc. 408 shares 20,216 Philip Morris Cos Inc. 19 shares 836 Pioneer Natural Resources Company 5,000 shares 98,438 Pixar 30 shares 900 Portal Software Inc. 200 shares 1,569 Priceline.com Inc. 100 shares 131 Qualcomm Inc. 100 shares 8,219 R&B Falcon Corp. 2,600 shares 59,638 Redhat Inc. 50 shares 313 Royal Precision Inc. 608 shares 1,824 SBC Communications Inc. 57 shares 2,725 SDL Inc. 135 shares 20,005 Say Yes Foods Inc. 1,000 shares 10 Scudder New Asia Fund 446 shares 4,155 Skymall Inc. 130 shares 146 Smartalk Teleservices 200 shares 1 Solv-Ex Corp. 919 shares 1 Sprint PCS Group 63 shares 1,288 Standard Management Corp. 5,000 shares 14,688 Starbridge Global Inc. 1,000 shares 500 Sun Microsystems Inc. 200 shares 5,575 Sungard Data Systems Inc. 50 shares 2,356 Sycamore Networks Inc. 600 shares 22,350 Syquest Tech Inc 700 shares 1 Tommy Hilfiger Corp. 40 shares 393 T/R Systems Inc. 600 shares 3,825 Taiwan Semiconductor 51 shares 880 Talk Visual Corp. 1,400 shares 162 Texas Instruments Inc. 500 shares 23,688 Trans Orient Pete Ltd. 1,800 shares 121 Tricon Global Restructure Inc 120 shares 3,960 TYCO International Ltd. 340 shares 18,889
15 All*AmerUs Savings and Retirement Plan EIN- 42-1458424 Schedule H, Line 4(i) - Schedule of Assets (Held at End of Year) (continued)
DESCRIPTION OF INVESTMENT, IDENTITY OF ISSUE, BORROWER, INCLUDING MATURITY DATE, RATE CURRENT LESSOR OR SIMILAR PARTY OF INTEREST, PAR OR MATURITY VALUE COST VALUE ------------------------------------------------------------------------------------------------------ PARTICIPANT DIRECTED (CONTINUED): Common Stock (continued): PCRA (continued): Unumprovident Corp. 310 shares $ 8,338 USA Video Interactive 400 shares 184 Usinternetworking Inc. 150 shares 750 Wal-Mart Stores Inc. 310 shares 16,475 Walt Disney Holding Company 50 shares 1,447 Wamex Holdings Inc. 250 shares 4 Watson Pharmaceuticals 500 shares 25,594 Wells Fargo & Company 200 shares 11,138 Worldcom Inc. 190 shares 26,719 Xerox Corp. 1,409 shares 6,515 Yahoo! Inc. 80 shares 2,405 Yarc Systems Inc. 3,600 shares 32 Zany Brainy Inc. 200 shares 106 --------- 1,460,353 Mutual Funds: PCRA: CGM Realty Fund 801 shares 10,836 Baron Asset Fund 243 shares 13,196 Berger Growth & Income Fund 548 shares 8,163 Berger New Generation Fund 641 shares 10,214 Dreyfus Emerging Markets Fund 128 shares 1,367 Wilshire Target Fund 187 shares 6,784 Invesco Telecommunication Fund 20 shares 718 Invesco Technology Fund 325 shares 19,442 Invesco European Fund 691 shares 12,298 Harbor Capital Appreciation Fund 550 shares 19,557 Janus Overseas Fund 140 shares 3,716 Janus Global Life Sciences Fund 1,165 shares 24,993 Janus Global Technology 1,140 shares 23,057 Janus Twenty Fund 87 shares 4,789 Janus Mercury Fund 391 shares 11,587 Janus Equity Income Fund 85 shares 1,745 Janus Growth & Income Fund 280 shares 9,910 Janus Worldwide Fund 955 shares 54,323 Janus Enterprise Fund 59 shares 3,150 Janus Special Situation Fund 315 shares 5,564 Kaufmann Fund 207 shares 916
16 All*AmerUs Savings and Retirement Plan EIN- 42-1458424 Schedule H, Line 4(i) - Schedule of Assets (Held at End of Year) (continued)
DESCRIPTION OF INVESTMENT, IDENTITY OF ISSUE, BORROWER, INCLUDING MATURITY DATE, RATE CURRENT LESSOR OR SIMILAR PARTY OF INTEREST, PAR OR MATURITY VALUE COST VALUE ------------------------------------------------------------------------------------------------------ PARTICIPANT DIRECTED (CONTINUED): Mutual Funds (continued): PCRA (continued): Pimco Innovation Fund 112 shares $ 4,646 Montgomery U.S. Emerging 8,983 Growth Fund 543 shares Montgomery Growth Fund 474 shares 7,952 Munder Net Fund 82 shares 2,833 NB Partners Fund 229 shares 5,020 Red Oak Technology Select Portfolio Fund 108 shares 2,356 White Oak Growth Stock Fund 997 shares 62,853 PBHG Growth Fund 21 shares 638 PBHG Large Cap Growth Fund 57 shares 1,657 PBHG Emerging Growth Fund 303 shares 7,191 Rydex DTC Fund 1,691 shares 28,589 RS Diversified Growth Fund 774 shares 17,681 Steinroe Growth & Income 587 shares 13,479 Strong Enterprise Fund 974 shares 27,634 Strong Growth 20 Fund 748 shares 18,803 Firsthand Technology Value Fund 144 shares 10,738 Vanguard Asset Allocation Fund 177 shares 4,183 Vanguard Growth Index Fund 237 shares 7,236 Vanguard Index Trust 500 Port Fund 872 shares 106,316 Vanguard Healthcare Fund 306 shares 40,600 Vanguard Healthcare Fund 153 shares 20,285 Warburg Pincus Global Fund 503 shares 11,418 -------- 657,416 Bonds: PCRA: Federal Home Loan Bank 7.55%, Due 04/18/05 $15,000 par value 15,111 U.S. Treasury Strip 0.00%, Due 08/15/01 $10,000 par value 9,669 U.S. Treasury Strip 0.08%, Due 08/15/08 $10,000 par value 6,763 U.S. Treasury Strip 0.00%, Due 08/15/06 $10,000 par value 7,544 U.S. Treasury Strip 0.00%, Due 08/15/05 $10,000 par value 7,934
17 All*AmerUs Savings and Retirement Plan EIN- 42-1458424 Schedule H, Line 4(i) - Schedule of Assets (Held at End of Year) (continued)
DESCRIPTION OF INVESTMENT, IDENTITY OF ISSUE, BORROWER, INCLUDING MATURITY DATE, RATE CURRENT LESSOR OR SIMILAR PARTY OF INTEREST, PAR OR MATURITY VALUE COST VALUE ------------------------------------------------------------------------------------------------------ PARTICIPANT DIRECTED (CONTINUED): Bonds (continued): PCRA (continued): U.S. Treasury Strip 0.00%, Due 08/15/02 $10,000 par value $ 9,222 U.S. Treasury Strip 0.07%, Due 08/15/07 $10,000 par value 7,141 U.S. Treasury Strip 0.13%, Due 08/15/13 $10,000 par value 5,019 U.S. Treasury Strip 0.00%, Due 08/15/10 $10,000 par value 6,034 U.S. Treasury Strip 0.00%, Due 08/15/03 $10,000 par value 8,788 MBNA American Bank 6.40%, Due 04/02/02 $7,000 par value 7,000 M&I Bank 6.05%, Due 08/21/01 $44,000 par value 44,000 ----------- 134,225 PCRA: Schwab Money Market Fund 171,564 shares 171,564 Participant loans receivable Loans to participants, 6.0% to 10.0%, due through 2005 1,425,672 Non-participant directed: Common stock: AmerUs Group Co.(*) - ESOP 229,181 shares $3,783,798 7,941,442 ========== ----------- Total investments $73,415,374 ===========
(*)Indicates party-in-interest to the Plan. 18 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed by the undersigned representing a majority of the All*AmerUs Savings and Retirement Plan. All*AmerUs Savings and Retirement Plan ----------------------------------------- (Name of Plan) Date: June 28, 2002 By /s/ Douglas K. Owens ----------------------------------------- Douglas K. Owens Vice President - Compensation & Benefits