Last 7 days
-0.2%
Last 30 days
2%
Last 90 days
28.6%
Trailing 12 Months
43.5%
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-09-15 | Kunkel William R. | gifted | - | - | -10,525 | - |
2023-09-15 | Kunkel William R. | gifted | - | - | -7,490 | - |
2023-09-15 | Hamalainen James Louis | acquired | 1,680,370 | 24.3832 | 68,915 | evp & chief investment officer |
2023-09-15 | Hamalainen James Louis | sold | -3,723,480 | 54.03 | -68,915 | evp & chief investment officer |
2023-08-16 | Howe Robert L | sold | -266,750 | 53.35 | -5,000 | - |
2023-08-14 | Neugent Gerard D. | gifted | - | - | -4,400 | - |
2023-08-10 | Hamalainen James Louis | sold | -866,353 | 53.3206 | -16,248 | evp & chief investment officer |
2023-08-01 | Volpe Nicholas P. | sold (taxes) | -77,243 | 53.53 | -1,443 | chief technology officer |
2023-07-27 | Bhalla Anant | sold (taxes) | -3,279,150 | 50.00 | -65,583 | ceo & president |
2023-07-27 | Bhalla Anant | back to issuer | -5,054,150 | 50.00 | -101,083 | ceo & president |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | unchanged | - | 875 | 2,918 | -% |
2023-08-22 | COMERICA BANK | new | - | - | - | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | reduced | -49.79 | -242,617 | 614,898 | 0.01% |
2023-08-22 | COMERICA BANK | new | - | 16,000 | 16,000 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -5.29 | 1,162,210 | 4,458,790 | 0.01% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 5.72 | 405,000 | 1,201,000 | 0.01% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -50.31 | -93,568 | 228,787 | -% |
2023-08-21 | BOKF, NA | reduced | -13.13 | 23,461 | 120,999 | -% |
2023-08-17 | Coppell Advisory Solutions LLC | new | - | 32,746 | 32,746 | 0.01% |
2023-08-16 | Nuveen Asset Management, LLC | reduced | -32.99 | -806,341 | 17,917,700 | 0.01% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Jul 05, 2023 | brookfield reinsurance ltd. | 20.38% | 15,886,163 | SC 13D/A | |
Jun 27, 2023 | brookfield reinsurance ltd. | 20.38% | 15,886,163 | SC 13D/A | |
May 11, 2023 | brookfield reinsurance ltd. | 20.38% | 15,886,163 | SC 13D/A | |
Feb 14, 2023 | macquarie group ltd | 3.14% | 2,687,745 | SC 13G/A | |
Feb 10, 2023 | dimensional fund advisors lp | 8.2% | 7,005,497 | SC 13G/A | |
Feb 09, 2023 | vanguard group inc | 11.50% | 9,856,998 | SC 13G/A | |
Jan 26, 2023 | blackrock inc. | 13.4% | 11,484,877 | SC 13G/A | |
Jan 20, 2023 | blackrock inc. | 13.4% | 11,484,877 | SC 13G | |
Jan 13, 2023 | brookfield reinsurance ltd. | 18.54% | 15,886,163 | SC 13D/A | |
Dec 22, 2022 | brookfield reinsurance ltd. | 18.54% | 15,886,163 | SC 13D/A |
Date Filed | Form Type | Document | |
---|---|---|---|
Sep 20, 2023 | 4 | Insider Trading | |
Sep 20, 2023 | 4 | Insider Trading | |
Sep 19, 2023 | 144/A | 144/A | |
Sep 18, 2023 | 144 | Notice of Insider Sale Intent | |
Sep 18, 2023 | 144 | Notice of Insider Sale Intent | |
Sep 18, 2023 | 4 | Insider Trading | |
Sep 18, 2023 | 4 | Insider Trading | |
Sep 07, 2023 | S-8 | Employee Benefits Plan | |
Aug 17, 2023 | 4 | Insider Trading | |
Aug 15, 2023 | 4 | Insider Trading |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
MET | 50.0B | 70.6B | 6.68% | 1.60% | 22.49 | 0.71 | 4.01% | -58.32% |
PRU | 38.7B | 64.4B | 8.46% | 7.56% | 125.56 | 0.61 | 4.97% | -6.22% |
TRV | 38.7B | 38.7B | 4.54% | 6.04% | 17.31 | 1 | 8.33% | -37.32% |
RE | 25.2B | 13.3B | 0.67% | 24.34% | 20.79 | 1.9 | 12.64% | 55.58% |
GL | 11.7B | 5.3B | -1.65% | 6.99% | 17.51 | 2.22 | 1.78% | -46.10% |
ATH | - | 22.8B | - | - | - | - | 34.59% | 179.04% |
MID-CAP | ||||||||
PRI | 7.2B | 2.7B | -0.13% | 55.74% | 15.98 | 2.64 | -1.39% | 16.12% |
LNC | 4.4B | 15.3B | 0.50% | -43.85% | -3.31 | 0.29 | -26.53% | -139.84% |
AEL | 4.2B | 2.7B | 2.00% | 43.46% | 3.53 | 1.58 | 38.34% | -32.53% |
BHF | 3.4B | 1.9B | 7.96% | 5.39% | 2.13 | 1.8 | -77.15% | -71.29% |
GNW | 2.7B | 7.5B | 3.00% | 49.36% | 5.07 | 0.36 | -1.40% | -38.58% |
SMALL-CAP | ||||||||
VERY | 81.1M | 171.0M | -2.50% | -17.43% | -6.56 | 0.47 | -0.92% | 29.17% |
AAME | 39.9M | 187.0M | 2.62% | -36.73% | 60.43 | 0.21 | -4.23% | -77.34% |
11.0%
18.2%
9.0%
36.8%
83.8%
32.7%
21.5%
Y-axis is the maximum loss one would have experienced if American Equity Investment Life Holding was unfortunately bought at previous high price.
Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 | 2018Q1 |
Revenue | 37.8% | 2,659 | 1,929 | 1,414 | 1,871 | 1,922 | 2,876 | 3,690 | 3,610 | 3,866 | 3,711 | 3,664 | 3,777 | 3,570 | 3,464 | 1,900 | 2,450 | 2,429 | 1,547 | 2,133 | 2,719 | 3,306 |
EBITDA | -100.0% | - | 670 | 1,579 | 1,728 | 1,524 | 988 | 628 | 524 | 1,178 | 939 | 848 | 1,119 | 318 | 348 | - | - | - | - | - | - | - |
EBITDA Margin | -100.0% | - | 0.35* | 1.12* | 0.92* | 0.79* | 0.34* | 0.17* | 0.15* | 0.30* | 0.25* | 0.23* | 0.30* | 0.09* | 0.10* | - | - | - | - | - | - | - |
Interest Expenses | 13.0% | 41.00 | 37.00 | 32.00 | 28.00 | 26.00 | 26.00 | 26.00 | 26.00 | 26.00 | 26.00 | 26.00 | 26.00 | 26.00 | 26.00 | 26.00 | 26.00 | 26.00 | 25.00 | 25.00 | 27.00 | 29.00 |
Earnings Before Taxes | -25.8% | 1,504 | 2,028 | 2,432 | 2,453 | 2,251 | 1,206 | 703 | 498 | 1,152 | 907 | 816 | 1,087 | 286 | 316 | 101 | 258 | 349 | 566 | 607 | 486 | 412 |
EBT Margin | -100.0% | - | 0.33* | 1.09* | 0.91* | 0.78* | 0.33* | 0.16* | 0.14* | 0.30* | 0.24* | 0.22* | 0.29* | 0.08* | 0.09* | - | - | - | - | - | - | - |
Net Income | -25.5% | 1,193 | 1,601 | 1,920 | 1,928 | 1,768 | 950 | 553 | 375 | 889 | 696 | 656 | 883 | 253 | 246 | 80.00 | 212 | 287 | 458 | 441 | 329 | 262 |
Net Income Margin | -100.0% | - | 0.26* | 0.86* | 0.71* | 0.61* | 0.26* | 0.13* | 0.10* | 0.23* | 0.19* | 0.18* | 0.23* | 0.07* | 0.07* | - | - | - | - | - | - | - |
Free Cashflow | -100.0% | - | 2,767 | 2,003 | 4,684 | 3,905 | 3,844 | 4,215 | 1,571 | 2,246 | 2,935 | 1,292 | 1,405 | 1,138 | 3,347 | - | - | - | - | - | - | - |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Assets | 4.2% | 77,645 | 74,496 | 73,184 | 70,185 | 71,663 | 74,899 | 80,544 | 78,318 | 73,882 | 72,678 | 71,689 | 68,665 | 68,608 | 65,550 | 69,697 | 68,330 | 66,371 | 64,482 | 61,626 | 63,449 | 61,628 |
Cash Equivalents | 80.0% | 5,001 | 2,778 | 1,920 | 1,808 | 1,287 | 1,934 | 4,509 | 12,685 | 11,524 | 11,087 | 9,096 | 2,657 | 2,409 | 1,833 | 2,293 | 1,139 | 1,216 | 1,116 | 344 | 1,129 | 1,260 |
Liabilities | 4.4% | 75,050 | 71,867 | 70,813 | 66,974 | 67,780 | 69,727 | 72,805 | 71,943 | 67,587 | 66,749 | 65,340 | 62,546 | 63,546 | 62,027 | 65,126 | 64,203 | 62,874 | 61,543 | 59,226 | 60,960 | 59,201 |
Shareholder's Equity | -2.2% | 2,572 | 2,629 | 2,350 | 3,208 | 3,628 | 5,720 | 7,739 | 6,375 | 6,296 | 5,929 | 6,349 | 5,918 | 4,920 | 3,500 | 4,427 | 4,127 | 3,497 | 2,940 | 2,405 | 2,489 | 2,427 |
Retained Earnings | 7.6% | 4,863 | 4,519 | 4,686 | 3,974 | 3,672 | 3,323 | 2,839 | 2,717 | 2,575 | 2,640 | 2,369 | 2,404 | 1,742 | 1,996 | 1,769 | 1,576 | 1,539 | 1,520 | 1,550 | 1,521 | 1,352 |
Additional Paid-In Capital | 1.0% | 1,056 | 1,045 | 1,325 | 1,362 | 1,508 | 1,690 | 1,614 | 1,609 | 1,605 | 1,688 | 1,681 | 1,511 | 1,508 | 1,215 | 1,212 | 820 | 818 | 815 | 811 | 807 | 804 |
Shares Outstanding | 0.4% | 78.00 | 78.00 | 85.00 | 86.00 | 93.00 | 97.00 | 93.00 | 92.00 | 95.00 | 96.00 | 96.00 | 92.00 | 92.00 | 92.00 | 91.00 | 91.00 | 91.00 | 91.00 | 90.00 | 90.00 | 90.00 |
Minority Interest | -0.8% | 23.00 | 23.00 | 21.00 | 3.00 | 1.00 | 1.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Cashflow From Operations | 77.3% | 4,979 | 2,809 | 2,044 | 4,721 | 3,921 | 3,861 | 4,233 | 1,587 | 2,257 | 2,942 | 1,305 | 1,418 | 1,152 | 1,075 | 3,351 | 1,745 | 2,058 | 1,598 | 43.00 | 1,244 | 949 |
Share Based Compensation | 50.4% | 30.00 | 20.00 | 16.00 | 16.00 | 18.00 | 26.00 | 25.00 | 22.00 | 19.00 | 12.00 | 10.00 | 9.00 | 8.00 | 9.00 | 11.00 | 12.00 | 12.00 | 12.00 | 11.00 | 9.00 | 8.00 |
Cashflow From Investing | -4.3% | 762 | 796 | -2,454 | -9,902 | -9,310 | -8,791 | -6,224 | 5,907 | 4,807 | 4,399 | 5,135 | 479 | -325 | -1,273 | -3,054 | -3,365 | -3,662 | -2,672 | -2,408 | -2,632 | -1,936 |
Cashflow From Financing | 26.6% | -2,027 | -2,760 | -2,178 | -5,694 | -4,848 | -4,223 | -2,595 | 2,534 | 2,051 | 1,913 | 363 | -379 | 366 | 916 | 1,652 | 1,629 | 1,560 | 1,466 | 1,275 | 1,232 | 672 |
Dividend Payments | - | - | - | 30.00 | - | - | - | 31.00 | - | - | - | 29.00 | - | - | - | 27.00 | - | - | - | 25.00 | - | - |
Buy Backs | -27.3% | 494 | 680 | 567 | 522 | 370 | 276 | 99.00 | 265 | 263 | 168 | 165 | - | - | - | - | - | - | - | - | - | - |
Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | [1] | Jun. 30, 2023 | Jun. 30, 2022 | ||||||||
Revenues: | ||||||||||||
Premiums and other considerations | $ 2,516 | $ 3,831 | $ 6,653 | $ 13,909 | [1] | |||||||
Annuity product charges | 71,642 | 55,514 | 134,233 | 107,869 | [1] | |||||||
Net investment income | 542,685 | 592,308 | 1,104,008 | 1,159,731 | [1] | |||||||
Change in fair value of derivatives | 242,739 | (506,181) | 288,629 | (983,700) | [1] | |||||||
Net realized losses on investments | (24,679) | (33,272) | (52,466) | (46,399) | [2] | |||||||
Other revenue | 16,736 | 9,408 | 33,130 | 18,225 | [1] | |||||||
Total revenues | 851,639 | 121,608 | 1,514,187 | 269,635 | [1] | |||||||
Benefits and expenses: | ||||||||||||
Insurance policy benefits and change in future policy benefits (remeasurement gains (losses) of future policy benefit reserves of $997 and $138 for three months ended and $1,351 and $775 for six months ended June 30, 2023 and 2022, respectively) | 5,125 | 6,998 | 12,333 | 20,613 | [1] | |||||||
Interest sensitive and index product benefits | 122,387 | 140,346 | 180,298 | 428,263 | [1] | |||||||
Market risk benefits (gains) losses | (144,124) | (299,278) | 39,570 | (107,385) | [1] | |||||||
Amortization of deferred sales inducements | 46,951 | 44,696 | 93,552 | 89,781 | [1] | |||||||
Change in fair value of embedded derivatives | 213,764 | (885,984) | 618,204 | (2,279,633) | [2] | |||||||
Interest expense on notes and loan payable | 11,227 | 6,461 | 22,245 | 12,886 | [1] | |||||||
Interest expense on subordinated debentures | 1,338 | 1,346 | 2,674 | 2,663 | [1] | |||||||
Amortization of deferred policy acquisition costs | 68,476 | 72,485 | 136,711 | 145,454 | [2] | |||||||
Other operating costs and expenses | 75,697 | 59,872 | 149,701 | 117,667 | [1] | |||||||
Total benefits and expenses | 400,841 | (853,058) | 1,255,288 | (1,569,691) | [1] | |||||||
Income before income taxes | 450,798 | 974,666 | 258,899 | 1,839,326 | [1] | |||||||
Income tax expense | 95,652 | 211,377 | 59,644 | 396,572 | [1] | |||||||
Net income | 355,146 | 763,289 | 199,255 | 1,442,754 | [3] | |||||||
Less: Net loss available to noncontrolling interests | (217) | (4) | (114) | (4) | [1] | |||||||
Net income available to American Equity Investment Life Holding Company stockholders | 355,363 | 763,293 | 199,369 | 1,442,758 | [1] | |||||||
Less: Preferred stock dividends | 10,919 | 10,919 | 21,838 | 21,838 | [1] | |||||||
Net income available to American Equity Investment Life Holding Company common stockholders | $ 344,444 | $ 752,374 | $ 177,531 | $ 1,420,920 | [1] | |||||||
Earnings per common share (dollars per share) | $ 4.43 | $ 8.13 | $ 2.20 | $ 15.01 | [1] | |||||||
Earnings per common share - assuming dilution (dollars per share) | $ 4.36 | $ 8.06 | $ 2.17 | $ 14.86 | [1] | |||||||
Weighted average common shares outstanding (in thousands): | ||||||||||||
Weighted average common shares outstanding: earnings per common share (in shares) | 77,766,851 | 92,543,850 | 80,576,301 | 94,693,048 | [1] | |||||||
Weighted average common shares outstanding: earnings per common share - assuming dilution (in shares) | 78,927,958 | 93,374,738 | 81,824,056 | 95,652,085 | [1] | |||||||
|
Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | |||
---|---|---|---|---|---|
Investments: | |||||
Fixed maturity securities, available for sale, at fair value (amortized cost of $43,323,015 as of 2023 and $44,866,019 as of 2022; allowance for credit losses of $4,146 as of 2023 and $3,347 as of 2022) | $ 38,680,457 | $ 39,804,617 | [1] | ||
Mortgage loans, carrying value | 7,373,609 | 6,949,027 | [1] | ||
Limited partnerships and limited liability companies (2023 and 2022 include $1,069,965 and $684,834 related to consolidated variable interest entities) | 1,649,959 | 1,266,779 | [1] | ||
Derivative instruments | 1,131,597 | 431,727 | [1] | ||
Other investments | 1,412,939 | 1,817,085 | [1] | ||
Total investments | 51,518,774 | 51,325,298 | [1] | ||
Cash and cash equivalents (2023 and 2022 include $44,919 and $27,235 related to consolidated variable interest entities) | 5,000,657 | 1,919,669 | [1] | ||
Coinsurance deposits (net of allowance for credit losses of $3,392 as of 2023 and $8,737 as of 2022) | 14,247,284 | 13,254,956 | [1] | ||
Market risk benefits | 234,470 | 229,871 | [1] | ||
Accrued investment income (2023 and 2022 include $3,745 and $3,444 related to consolidated variable interest entities) | 488,396 | 497,851 | [1] | ||
Deferred policy acquisition costs | 2,842,615 | 2,773,643 | [1] | ||
Deferred sales inducements | 2,134,254 | 2,045,683 | [1] | ||
Deferred income taxes | 293,466 | 438,434 | [1] | ||
Income taxes recoverable | 55,678 | 55,498 | [1] | ||
Other assets (2023 and 2022 include $19,726 and $10,690 related to consolidated variable interest entities) | 829,831 | 642,696 | [1] | ||
Total assets | 77,645,425 | 73,183,599 | [1] | ||
Liabilities: | |||||
Policy benefit reserves | 59,856,677 | 58,781,836 | [1] | ||
Market risk benefits | 2,673,272 | 2,455,492 | [1] | ||
Other policy funds and contract claims | 202,251 | 512,790 | [1] | ||
Notes and loan payable | 788,754 | 792,073 | [1] | ||
Subordinated debentures | 78,927 | 78,753 | [1] | ||
Funds withheld for reinsurance liabilities | 7,565,295 | 6,577,426 | [1] | ||
Other liabilities (2023 and 2022 include $94,705 and $78,644 related to consolidated variable interest entities) | 3,885,208 | 1,614,479 | [1] | ||
Total liabilities | 75,050,384 | 70,812,849 | [1] | ||
Stockholders' equity: | |||||
Common stock; par value $1 per share; 200,000,000 shares authorized; issued and outstanding: 2023 - 78,047,941 shares (excluding 31,713,969 treasury shares); 2022 - 84,810,255 shares (excluding 24,590,353 treasury shares) | 78,048 | 84,810 | [1] | ||
Additional paid-in capital | 1,055,963 | 1,325,316 | [1] | ||
Accumulated other comprehensive loss | (3,425,248) | (3,746,230) | [1] | ||
Retained earnings | 4,863,124 | 4,685,593 | [1] | ||
Total stockholders' equity attributable to American Equity Investment Life Holding Company | 2,571,915 | 2,349,517 | [1] | ||
Noncontrolling interests | 23,126 | 21,233 | [1] | ||
Total stockholders' equity | 2,595,041 | 2,370,750 | [1] | ||
Total liabilities and stockholders' equity | 77,645,425 | 73,183,599 | [1] | ||
Depositary Shares, each representing a 1/1,000th interest in a share of 5.95% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series A | |||||
Stockholders' equity: | |||||
Preferred stock | 16 | 16 | [1] | ||
Depositary Shares, each representing a 1/1,000th interest in a share of 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series B | |||||
Stockholders' equity: | |||||
Preferred stock | 12 | 12 | [1] | ||
Variable Interest Entities | |||||
Investments: | |||||
Real estate investments related to consolidated variable interest entities | 1,270,213 | 1,056,063 | [1] | ||
Limited partnerships and limited liability companies (2023 and 2022 include $1,069,965 and $684,834 related to consolidated variable interest entities) | 1,069,965 | 684,834 | |||
Cash and cash equivalents (2023 and 2022 include $44,919 and $27,235 related to consolidated variable interest entities) | 44,919 | 27,235 | |||
Accrued investment income (2023 and 2022 include $3,745 and $3,444 related to consolidated variable interest entities) | 3,745 | 3,444 | |||
Other assets (2023 and 2022 include $19,726 and $10,690 related to consolidated variable interest entities) | 19,726 | 10,690 | |||
Total assets | 2,408,568 | 1,782,266 | |||
Liabilities: | |||||
Other liabilities (2023 and 2022 include $94,705 and $78,644 related to consolidated variable interest entities) | 94,705 | 78,644 | |||
Total liabilities | $ 94,705 | $ 78,644 | |||
|