American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products in the United States. The company issues fixed index and rate annuities; and single premium immediate annuities. It markets its products through independent agents, including independent marketing organizations, broker/dealers, banks, and registered investment advisors. The company was founded in 1995 and is headquartered in West Des Moines, Iowa.
IPO Year: 2003
Exchange: NYSE
Website: american-equity.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/14/2023 | $55.00 | Buy → Hold | Truist |
| 6/28/2023 | Strong Buy → Mkt Perform | Raymond James | |
| 2/21/2023 | $45.00 → $48.00 | Overweight → Neutral | Piper Sandler |
| 12/19/2022 | $48.00 | Outperform → Strong Buy | Raymond James |
| 8/15/2022 | $42.00 → $44.00 | Outperform → In-line | Evercore ISI |
| 7/22/2022 | $43.00 → $38.00 | Outperform → Neutral | Credit Suisse |
| 7/13/2022 | $43.00 → $41.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 6/28/2022 | $43.00 | Outperform | Credit Suisse |
| 2/22/2022 | $40.00 → $41.00 | Equal-Weight | Morgan Stanley |
| 1/26/2022 | $42.00 | Hold | Jefferies |
4 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Issuer)
4 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Issuer)
4 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Issuer)
4 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Issuer)
4 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Issuer)
4 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Issuer)
4 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Issuer)
4 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Issuer)
4 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Issuer)
4 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Issuer)
15-12G - American National Group Inc. (0001039828) (Filer)
10-Q - American National Group Inc. (0001039828) (Filer)
8-K - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Filer)
S-8 POS - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Filer)
S-8 POS - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Filer)
S-8 POS - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Filer)
S-8 POS - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Filer)
S-8 POS - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Filer)
S-8 POS - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Filer)
S-8 POS - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Filer)
AM Best has removed from under review with developing implications and downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to "a" (Excellent) from "a+" (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of American National Insurance Company (ANICO) and its affiliates, American National Life Insurance Company of Texas and American National Life Insurance Company of New York (Glenmont, NY). These companies are referred to collectively as the American National Group (ANG). In addition, AM Best has removed from under review with developing implications and downgraded the Long-Term ICR to "a" (Excellent) from "a+" (Excellent) and affirmed the FSR of A (Exc
AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of North End Re (Cayman) SPC (Cayman Islands) (NERC). Following the recent closure of Brookfield Reinsurance Ltd.'s (NYSE:BNRE, BNRE.A])) acquisition of American Equity Investment Life Holding Company (AEL) (NYSE:AEL), the strategy for subsidiary NERC is under review by AM Best. In 2021, prior to the acquisition, NERC entered into a reinsurance agreement with AEL affiliate American Equity Investment Life Insurance Company, whereby NERC agreed to assume up to $10 billion of fixed deferred annuities. NERC has managed the assu
NEW YORK, May 1, 2024 /PRNewswire/ -- IAC Inc. (NASD: IAC) will replace American Equity Investment Life Holding Company (NYSE:AEL) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, May 6. Brookfield Reinsurance (TSX:BNRE) is acquiring American Equity Investment Life Holding Company in a deal expected to be completed prior to the open on May 3. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector May 6, 2024 S&P SmallCap 600 Addition IAC IAC Communication Services S&P SmallCap 600 Deletion American Equity Investment Life Holdings AEL Fin
Brookfield Reinsurance ((NYSE, TSX:BNRE) and American Equity Investment Life Holding Company (NYSE:AEL) ("AEL") today announced that the previously announced acquisition of AEL by Brookfield Reinsurance is expected to close following the close of market on May 2, 2024. About AEL At American Equity Investment Life Holding Company, our policyholders work with over 40,000 independent agents and advisors affiliated with independent market organizations (IMOs), banks and broker-dealers through our wholly-owned operating subsidiaries. Advisors and agents choose one of our leading annuity products best suited for their clients' personal needs to create financial dignity in retirement. To deliv
Middle market private credit vehicle structured in partnership with American Equity Investment Life Insurance Company The Private Credit team of Adams Street Partners, LLC ("Adams Street"), a private markets investment firm with more than $58 billion in assets under management, today announced the final closing of a $1 billion middle market collateralized loan obligation ("CLO"), ASP Summa. The CLO is a first for Adams Street and was structured in partnership with American Equity Investment Life Insurance Company ("American Equity Life") (NYSE:AEL), a leading issuer of fixed index annuities. ASP Summa was comprised of a high-conviction portfolio of senior loans issued by private equity
BROOKFIELD, NEWS, March 13, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BNRE) today announced that the Iowa Insurance Division has confirmed a hearing date of April 5, 2024 for the Brookfield Reinsurance acquisition of American Equity Investment Life Holding Company (NYSE:AEL) ("AEL"). Sachin Shah, CEO of Brookfield Reinsurance said, "We are excited to move toward closing this transaction and begin the work of building AEL into a leader in the U.S. annuity markets. We look forward to working with all stakeholders to drive the business forward, and to make a positive impact in the Des Moines community and on AEL's policyholders and employees." Brookfield Reinsurance and AE
Company Highlights Fourth quarter 2023 net loss available to common stockholders of $(475.9) million, or $(6.04) per diluted common share compared to net income of $21.7 million, or $0.25 per diluted common share for fourth quarter 2022 restated for the adoption of Accounting Standards Update 2018-12 — more commonly known as Long Duration Targeted Improvements (LDTI) Full year 2023 net income available to common stockholders of $166.9 million, or $2.06 per diluted common share compared to net income of $1.9 billion, or $20.50 per diluted common for full year 2022 restated for the adoption of LDTI Non-GAAP operating income available to common stockholders1 for the fourth quarter a
American Equity Investment Life Holding Company (NYSE:AEL), today announced that in accordance with the terms of its 5.95% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series A (the "Series A Preferred Stock"), which is represented by depositary shares, each representing a 1/1,000th interest in a share of Series A Preferred Stock (the "Series A Depositary Shares"), the Board of Directors has declared a cash dividend of $371.8750000 per share of Series A Preferred Stock (equivalent to $0.371875000 per Series A Depositary Share). The dividend will be payable on March 1, 2024 to Series A Preferred Stock shareholders of record as of February 15, 2024. Depositary receipts for the Series A Pr
Rings NYSE Opening Bell to Commemorate Milestone on Friday, December 8th American Equity Investment Life Holding Company ("American Equity") (NYSE:AEL), a leading issuer of fixed index annuities (FIAs), today announced that it will celebrate the 20th anniversary of its listing on the New York Stock Exchange (NYSE) by ringing the NYSE Opening Bell on Friday, December 8, 2023. President and CEO Anant Bhalla will be joined by members of American Equity's Board of Directors and management team to commemorate the occasion. "We are proud of the growth we have achieved over the last two decades as a public company, culminating in AEL's successful transformation into an asset light insurer and
Company Highlights Third quarter 2023 net income available to common stockholders of $465.2 million, or $5.82 per diluted common share compared to net income of $434.0 million, or $4.90 per diluted common share for third quarter 2022 restated for the adoption of Accounting Standards Update 2018-12 — more commonly known as Long Duration Targeted Improvements or LDTI Non-GAAP operating income available to common stockholders1 for the third quarter 2023 was $195.5 million, or $2.45 per diluted common share; Notable items2 positively impacted results in the quarter by $21.0 million, or $0.26 per share, after-tax On a trailing twelve-month basis, GAAP return on equity of 47.3% and non
Company Highlights Fourth quarter 2023 net loss available to common stockholders of $(475.9) million, or $(6.04) per diluted common share compared to net income of $21.7 million, or $0.25 per diluted common share for fourth quarter 2022 restated for the adoption of Accounting Standards Update 2018-12 — more commonly known as Long Duration Targeted Improvements (LDTI) Full year 2023 net income available to common stockholders of $166.9 million, or $2.06 per diluted common share compared to net income of $1.9 billion, or $20.50 per diluted common for full year 2022 restated for the adoption of LDTI Non-GAAP operating income available to common stockholders1 for the fourth quarter a
American Equity Investment Life Holding Company (NYSE:AEL), today announced that in accordance with the terms of its 5.95% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series A (the "Series A Preferred Stock"), which is represented by depositary shares, each representing a 1/1,000th interest in a share of Series A Preferred Stock (the "Series A Depositary Shares"), the Board of Directors has declared a cash dividend of $371.8750000 per share of Series A Preferred Stock (equivalent to $0.371875000 per Series A Depositary Share). The dividend will be payable on March 1, 2024 to Series A Preferred Stock shareholders of record as of February 15, 2024. Depositary receipts for the Series A Pr
Company Highlights Third quarter 2023 net income available to common stockholders of $465.2 million, or $5.82 per diluted common share compared to net income of $434.0 million, or $4.90 per diluted common share for third quarter 2022 restated for the adoption of Accounting Standards Update 2018-12 — more commonly known as Long Duration Targeted Improvements or LDTI Non-GAAP operating income available to common stockholders1 for the third quarter 2023 was $195.5 million, or $2.45 per diluted common share; Notable items2 positively impacted results in the quarter by $21.0 million, or $0.26 per share, after-tax On a trailing twelve-month basis, GAAP return on equity of 47.3% and non
American Equity Investment Life Holding Company (NYSE:AEL), today announced that in accordance with the terms of its 5.95% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series A (the "Series A Preferred Stock"), which is represented by depositary shares, each representing a 1/1,000th interest in a share of Series A Preferred Stock (the "Series A Depositary Shares"), the Board of Directors has declared a cash dividend of $371.8750000 per share of Series A Preferred Stock (equivalent to $0.371875000 per Series A Depositary Share). The dividend will be payable on December 1, 2023 to Series A Preferred Stock shareholders of record as of November 15, 2023. Depositary receipts for the Series A
American Equity Investment Life Holding Company (NYSE:AEL) ("AEL") today announced that its third-quarter 2023 sales totaled $2.2 billion, substantially all of which were in fixed index annuities. AEL also announced that it will release its third quarter 2023 earnings results after the market closes on Tuesday, November 7, 2023. The press release and financial supplement will be posted on the American Equity IR website at https://ir.american-equity.com/ at that time. In light of AEL's pending merger with Brookfield Reinsurance ((NYSE, TSX:BNRE), AEL will not be holding an earnings conference call with investors. FIA SALES INCREASE 18% FROM PRIOR SEQUENTIAL QUARTER Third quarter 2023 s
AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of "a-" (Excellent) of American Equity Investment Life Insurance Company and its subsidiaries, American Equity Investment Life Insurance Company of New York (Lake Success, NY) and Eagle Life Insurance Company, collectively referred to as American Equity. Concurrently, AM Best has placed under review with developing implications the Long-Term ICR of "bbb-" (Good) of American Equity Investment Life Holding Company (AEL) (NYSE:AEL) and its Long-Term Issue Credit Ratings (Long-Term IRs). All companies are domiciled in West Des Moin
Company Highlights Second quarter 2023 net income available to common stockholders of $344.4 million, or $4.36 per diluted common share compared to net income of $752.4 million, or $8.06 per diluted common share for second quarter 2022 restated for the adoption of Accounting Standards Update 2018-12 — more commonly known as Long Duration Targeted Improvements or LDTI. Non-GAAP operating income available to common stockholders1 for the second quarter 2023 was $127.6 million, or $1.62 per diluted common share; Notable items2 negatively impacted results in the quarter by $8.9 million, or $0.11 per share, after-tax. On a trailing twelve-month basis GAAP return on equity of 26.4% and no
American Equity Investment Life Holding Company (NYSE:AEL), today announced that in accordance with the terms of its 5.95% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series A (the "Series A Preferred Stock"), which is represented by depositary shares, each representing a 1/1,000th interest in a share of Series A Preferred Stock (the "Series A Depositary Shares"), the Board of Directors has declared a cash dividend of $371.8750000 per share of Series A Preferred Stock (equivalent to $0.371875000 per Series A Depositary Share). The dividend will be payable on September 1, 2023 to Series A Preferred Stock shareholders of record as of August 15, 2023. Depositary receipts for the Series A
AM Best has commented that the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of "a-" (Excellent) of American Equity Investment Life Insurance Company and its subsidiaries, American Equity Investment Life Insurance Company of New York (Lake Success, NY) and Eagle Life Insurance Company, remain unchanged following the announcement that a definitive agreement has been reached whereby Brookfield Reinsurance Ltd. will acquire all of the outstanding shares of common stock of the parent company, American Equity Investment Life Holding Company (AEL) (NYSE:AEL), that it does not already own, in a cash and stock transaction of approximately $4.3 billion. The outl
Brookfield Reinsurance ((NYSE, TSX:BNRE) and American Equity Investment Life Holding Company (NYSE:AEL) ("AEL") today announced that they have entered into a definitive agreement whereby Brookfield Reinsurance will acquire all of the outstanding shares of common stock of AEL it does not already own in a cash and stock transaction that values AEL at approximately $4.3 billion. As part of the agreement, each AEL shareholder will receive $55.00 per AEL share, consisting of $38.85 in cash and 0.49707 of a Brookfield Asset Management Ltd. ((NYSE, TSX:BAM) ("BAM") class A limited voting share ("BAM Shares") having a value equal to $16.15 (based on the undisturbed 90-day volume-weighted average
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NEW YORK, May 1, 2024 /PRNewswire/ -- IAC Inc. (NASD: IAC) will replace American Equity Investment Life Holding Company (NYSE:AEL) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, May 6. Brookfield Reinsurance (TSX:BNRE) is acquiring American Equity Investment Life Holding Company in a deal expected to be completed prior to the open on May 3. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector May 6, 2024 S&P SmallCap 600 Addition IAC IAC Communication Services S&P SmallCap 600 Deletion American Equity Investment Life Holdings AEL Fin
American Equity Investment Life Holding Company ("American Equity") (NYSE:AEL), a leading provider of financial dignity solutions through general account annuities, today announced the appointment of Mike Hayes to its Board as an independent director. Following the appointment of Mr. Hayes, the Board will be comprised of 10 directors, eight of whom are independent. "I am pleased to welcome Mike Hayes to the American Equity Board. Mike brings significant operating experience in both the financial services and technology industries, as well as a strong track record of designing and overseeing operations to drive best-in-class customer value propositions and strategic execution," said David
BROOKFIELD, NEWS, Nov. 11, 2021 (GLOBE NEWSWIRE) -- Brookfield Asset Management Reinsurance Partners Ltd. ("Brookfield Reinsurance") ((NYSE, TSX:BAMR) today announced financial results for the quarter ended September 30, 2021. Sachin Shah, CEO of Brookfield Reinsurance, stated, "We continue to make significant progress in advancing our priorities with a focus on executing our previously announced transactions. Since we last reported, we have closed on a number of reinsurance and pension risk transfer opportunities, increasing our assets under management to $8 billion. Through our strategic partnership with Brookfield, we have successfully redeployed a significant portion of th
American Equity Investment Life Holding Company® (NYSE:AEL) (American Equity) announced today that its Board of Directors has appointed Dewayne Lummus Senior Vice President and Chief Accounting Officer, effective November 30, 2021. Scott Samuelson will transition into a new role as Controller for American Equity's Insurance and Reinsurance business, including all related transactions. "We are thrilled to welcome Dewayne to our team," said Axel André, Chief Financial Officer of American Equity. "We feel his depth of experience guiding strategic finance initiatives will help shape American Equity as we continue executing on tactical and financial priorities during this transformational perio
BROOKFIELD NEWS, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Brookfield today announced the appointment of Michael McRaith as Vice Chair of its Insurance Solutions business. In this newly created role, Mr. McRaith will participate in all aspects of Brookfield's global insurance operations. Brookfield's Insurance Solutions business is focused on providing capital and investment solutions that match assets and liabilities for the benefit of policyholders and other stakeholders. Leveraging Brookfield's extensive expertise and capacity across real estate, infrastructure, renewable power and private credit, Insurance Solutions partners with leading insurers to develop portfolios with high-quality inve
4 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Issuer)
4 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Issuer)
Truist downgraded American Equity Investment Life from Buy to Hold and set a new price target of $55.00
Raymond James downgraded American Equity Investment Life from Strong Buy to Mkt Perform
Piper Sandler downgraded American Equity Investment Life from Overweight to Neutral and set a new price target of $48.00 from $45.00 previously
Raymond James upgraded American Equity Investment Life from Outperform to Strong Buy and set a new price target of $48.00
Evercore ISI downgraded American Equity Investment Life from Outperform to In-line and set a new price target of $44.00 from $42.00 previously
Credit Suisse downgraded American Equity Investment Life from Outperform to Neutral and set a new price target of $38.00 from $43.00 previously
Keefe Bruyette downgraded American Equity Investment Life from Outperform to Mkt Perform and set a new price target of $41.00 from $43.00 previously
Credit Suisse resumed coverage of American Equity Investment Life with a rating of Outperform and set a new price target of $43.00
Morgan Stanley reiterated coverage of American Equity Inv with a rating of Equal-Weight and set a new price target of $41.00 from $40.00 previously
Jefferies initiated coverage of American Equity Inv with a rating of Hold and set a new price target of $42.00