Exhibit 11(a)
AMERICAN LIFE GROUP, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE - PRIMARY (a)
(Dollars in millions, except per share data)
Three months Nine months
Year ended ended ended Year ended
December 31, December 31, September 30, December 31,
1995 1994 1994 1993
---- ---- ---- ----
Weighted average primary shares outstanding........ 11,487,000 11,299,000 6,766,000 6,784,000
Net effect of exercisable stock options............ - - 334,000 377,000
----------- ----------- ---------- -----------
Weighted average primary shares outstanding........ 11,487,000 11,299,000 7,100,000 7,161,000
========== =========== ========== ============
Net income for primary earnings per share:
Net income as reported............................. $71.1 $5.2 $5.2 $37.3
Dividend requirements on
Series Preferred Stock $1 Par................... 7.7 1.9 1.1 1.6
----- ---- ---- ------
Net income for primary earnings per share.......... $63.4 $3.3 $4.1 $35.7
===== ==== ==== =====
Net income per primary common share................ $5.52 $.30 $.58 $4.98
===== ==== ==== =====
<FN>
(a) The number of shares and per share amounts have been restated to give
retroactive effect to: (i) the August 8, 1995 one-for-two stock split, and
(ii) the 5 percent stock dividend paid in December 1993.
</FN>