American Equity Investment Life Holding Company - Company Profile
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American Equity Investment Life Holding Company (American Equity) is an issuer of fixed annuity products. The company, through its subsidiaries, offers fixed index and fixed rate annuity products. American Equity also provides immediate annuities. The company markets and distributes its products through independent agents, banks, registered investment advisors, broker/dealers, and national marketing organizations. The company operates in the US and the District of Columbia. Its major subsidiaries include Eagle Life Insurance Company, American Equity Investment Life Insurance Company, and American Equity Investment Life Insurance Company of New York. American Equity is headquartered in West Des Moines, Iowa, the US.
Headquarters
United States of America
Address
6000 Westown Parkway, West Des Moines, Iowa, 50266
Website
www.american-equity.com
Telephone
1 515 2210002
No of Employees
995
Industry
Financial Services
Ticker Symbol & Exchange
AEL (NYSE)
Revenue (2022)
$2.9B
102.1%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-89%
(2022 vs 2021)
Market Cap*
$4.5B
Net Profit Margin (2022)
XYZ
-94.6%
(2022 vs 2021)
* As of and is in US$
American Equity Investment Life Holding Company premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Fixed Index Annuities | Service: |
| Single Premium Immediate Annuities | Investment Management |
| Multi-year Fixed Rate Annuities | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Others | In August, the company’s was affirmed with financial rating of "BBB-" long-term issuer credit rating and its subsidiary American Equity Life was affirmed with A- financial strength rating by S&P. |
| 2023 | Contracts/Agreements | In July, the company entered into an agreement to sell its outstanding shares to Brookfield Reinsurance. |
| 2023 | Others | In July, the company’s its subsidiary American Equity Investment Life was affirmed its "A-" financial strength rating on and "BBB" issuer default rating on the Company by Fitch Ratings. |
Competitor Comparison
| Key Parameters | American Equity Investment Life Holding Company | The Penn Mutual Life Insurance Company | Allianz Life Insurance Company of North America | Athene Annuity & Life Assurance Company of New York | Midland National Life Insurance Company |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | West Des Moines | Philadelphia | Minneapolis | New York City | Sioux Falls |
| State/Province | Iowa | Pennsylvania | Minnesota | New York | South Dakota |
| No. of Employees | 995 | 3,300 | - | 50 | - |
| Entity Type | Public | Private | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Anant Bhalla | President; Director; Chief Executive Officer | Executive Board | 2020 | 46 |
| Axel Andre | Chief Financial Officer; Executive Vice President | Senior Management | 2021 | 48 |
| Dewayne Lummus | Chief Accounting Officer; Senior Vice President | Senior Management | 2021 | 54 |
| Nicholas P. Volpe | Chief Technology Officer; Executive Vice President | Senior Management | 2022 | 48 |
| Kate Etinger | Chief People Officer; Executive Vice President | Senior Management | 2023 | 48 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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