American Equity Investment Life Holding (N:AEL)
Business Focus: Life Insurance
| Sector: Financials | Industry: Life & Health Insurance |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 6000 Westown Parkway WEST DES MOINES IA 50266 |
| Tel: | 1-888-2211234 |
| Website: | https://www.american-equity.com |
| IR: | See website |
| Key People | ||
| Anant Bhalla President, Chief Executive Officer, Director | Axel P. Andre Chief Financial Officer, Executive Vice President | Nicholas P. Volpe Executive Vice President, Chief Technology Officer |
| James L. Hamalainen Executive Vice President, Chief Investment Officer | Jeffrey D. Lorenzen Executive Vice President, Chief Risk Officer | Dewayne Lummus Senior Vice President, Finance of an AEL affiliate |
| Business Overview |
| American Equity Investment Life Holding Company is an issuer of fixed index annuities. The Company's policyholders work with over 40,000 independent agents and advisors affiliated with independent market organizations (IMOs), banks and broker-dealers through its wholly owned subsidiaries. Advisors and agents choose one of its annuity products suited for their client's personal needs. The Company issues fixed annuity products through its wholly owned life insurance subsidiaries, American Equity Investment Life Insurance Company (American Equity Life), American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company. The Company operates through one segment, which consists of the sale of fixed index and fixed rate annuities. Its product types include fixed index annuities, annual reset fixed rate annuities, multi-year fixed rate annuities and single premium immediate annuities. It markets its products through a variable cost distribution network. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, American Equity Investment Life Holding revenues increased from $1.41B to $2.85B. Net income applicable to common stockholders decreased 91% to $166.9M. Revenues reflect Investment Expense - Insurance increase of 2% to -$143.1M. Net income was offset by Change in fair value of embedded derivat decrease from $2.35B (income) to $1.14B (expense). |
| Employees: | 995 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $2,851M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,780M as of Dec 31, 2023 |
| Net annual income (TTM): | $166.86M as of Dec 31, 2023 |
| Free cash flow (TTM): | $3,846M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 79,400,008 as of Feb 22, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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