Detail akcie Amer Equty Invst online

Business Summary: 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 Summary: BRIEF: 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 increase in net premium earned. Net income was offset by Change in fair value of embedded derivat decrease from $2.35B (income) to $1.14B (expense), Other operating costs and expenses increase of 26% to $301.6M (expense).