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