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American Equity Investment Life Holding Co Stock Research

AEL

53.99USD-0.07(-0.13%)Market Closed
Watchlist

Market Summary

USD53.99-0.07
Market Closed
-0.13%

AEL Alerts

  • 2 major insider sales recently.
  • Big jump in Revenue (Y/Y)
  • Big fall in earnings (Y/Y)

AEL Stock Price

AEL RSI Chart

AEL Valuation

Market Cap

4.2B

Price/Earnings (Trailing)

3.53

Price/Sales (Trailing)

1.58

EV/EBITDA

-0.51

Price/Free Cashflow

0.85

AEL Price/Sales (Trailing)

AEL Profitability

EBT Margin

32.81%

Return on Equity

19.14%

Return on Assets

0.67%

Free Cashflow Yield

117.06%

AEL Fundamentals

AEL Revenue

Revenue (TTM)

2.7B

Revenue Y/Y

600.31%

Revenue Q/Q

28.54%

AEL Earnings

Earnings (TTM)

1.2B

Earnings Y/Y

-53.44%

Earnings Q/Q

327.81%

Price Action

52 Week Range

27.7954.44
(Low)(High)

Last 7 days

-0.2%

Last 30 days

2%

Last 90 days

28.6%

Trailing 12 Months

43.5%

AEL Financial Health

AEL Investor Care

Dividend Yield

0.67%

Dividend/Share (TTM)

0.36

Buy Backs (1Y)

15.66%

Diluted EPS (TTM)

13.33

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for AEL

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Which funds bought or sold AEL recently?

View All Details
Datesorted ascendingFund NameType% 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%

1–10 of 45

Latest Funds Activity

Are funds buying AEL calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own AEL
No. of Funds

Schedule 13G FIlings of American Equity Investment Life Holding

Date FiledName of FilerPercent of ClassNo. of SharesForm 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

Recent SEC filings of American Equity Investment Life Holding

View All Filings
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

AEL Fair Value

Loading...

Peers (Alternatives to American Equity Investment Life Holding)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
50.0B
70.6B
6.68% 1.60%
22.49
0.71
4.01% -58.32%
38.7B
64.4B
8.46% 7.56%
125.56
0.61
4.97% -6.22%
38.7B
38.7B
4.54% 6.04%
17.31
1
8.33% -37.32%
25.2B
13.3B
0.67% 24.34%
20.79
1.9
12.64% 55.58%
11.7B
5.3B
-1.65% 6.99%
17.51
2.22
1.78% -46.10%
-
22.8B
- -
-
-
34.59% 179.04%
MID-CAP
7.2B
2.7B
-0.13% 55.74%
15.98
2.64
-1.39% 16.12%
4.4B
15.3B
0.50% -43.85%
-3.31
0.29
-26.53% -139.84%
4.2B
2.7B
2.00% 43.46%
3.53
1.58
38.34% -32.53%
3.4B
1.9B
7.96% 5.39%
2.13
1.8
-77.15% -71.29%
2.7B
7.5B
3.00% 49.36%
5.07
0.36
-1.40% -38.58%
SMALL-CAP
81.1M
171.0M
-2.50% -17.43%
-6.56
0.47
-0.92% 29.17%
39.9M
187.0M
2.62% -36.73%
60.43
0.21
-4.23% -77.34%

American Equity Investment Life Holding News

The Bakersfield Californian
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ....
The Bakersfield Californian,
13 hours ago
Financier Worldwide
Stockhouse Publishing

Returns for AEL

Cumulative Returns on AEL

11.0%


10-Year Cumulative Returns

18.2%


7-Year Cumulative Returns

9.0%


5-Year Cumulative Returns

36.8%


3-Year Cumulative Returns

Risks for AEL

What is the probability of a big loss on AEL?

83.8%


Probability that American Equity Investment Life Holding stock will be more than 20% underwater in next one year

32.7%


Probability that American Equity Investment Life Holding stock will be more than 30% underwater in next one year.

21.5%


Probability that American Equity Investment Life Holding stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does AEL drawdown profile look like?

Y-axis is the maximum loss one would have experienced if American Equity Investment Life Holding was unfortunately bought at previous high price.

Drawdowns

Financials for American Equity Investment Life Holding

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22019Q42019Q32019Q22019Q12018Q42018Q32018Q22018Q1
Revenue37.8%2,6591,9291,4141,8711,9222,8763,6903,6103,8663,7113,6643,7773,5703,4641,9002,4502,4291,5472,1332,7193,306
EBITDA-100.0%-6701,5791,7281,5249886285241,1789398481,119318348-------
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 Expenses13.0%41.0037.0032.0028.0026.0026.0026.0026.0026.0026.0026.0026.0026.0026.0026.0026.0026.0025.0025.0027.0029.00
Earnings Before Taxes-25.8%1,5042,0282,4322,4532,2511,2067034981,1529078161,087286316101258349566607486412
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%1,1931,6011,9201,9281,76895055337588969665688325324680.00212287458441329262
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%-2,7672,0034,6843,9053,8444,2151,5712,2462,9351,2921,4051,1383,347-------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets4.2%77,64574,49673,18470,18571,66374,89980,54478,31873,88272,67871,68968,66568,60865,55069,69768,33066,37164,48261,62663,44961,628
    Cash Equivalents80.0%5,0012,7781,9201,8081,2871,9344,50912,68511,52411,0879,0962,6572,4091,8332,2931,1391,2161,1163441,1291,260
Liabilities4.4%75,05071,86770,81366,97467,78069,72772,80571,94367,58766,74965,34062,54663,54662,02765,12664,20362,87461,54359,22660,96059,201
Shareholder's Equity-2.2%2,5722,6292,3503,2083,6285,7207,7396,3756,2965,9296,3495,9184,9203,5004,4274,1273,4972,9402,4052,4892,427
  Retained Earnings7.6%4,8634,5194,6863,9743,6723,3232,8392,7172,5752,6402,3692,4041,7421,9961,7691,5761,5391,5201,5501,5211,352
  Additional Paid-In Capital1.0%1,0561,0451,3251,3621,5081,6901,6141,6091,6051,6881,6811,5111,5081,2151,212820818815811807804
Shares Outstanding0.4%78.0078.0085.0086.0093.0097.0093.0092.0095.0096.0096.0092.0092.0092.0091.0091.0091.0091.0090.0090.0090.00
Minority Interest-0.8%23.0023.0021.003.001.001.00---------------
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations77.3%4,9792,8092,0444,7213,9213,8614,2331,5872,2572,9421,3051,4181,1521,0753,3511,7452,0581,59843.001,244949
  Share Based Compensation50.4%30.0020.0016.0016.0018.0026.0025.0022.0019.0012.0010.009.008.009.0011.0012.0012.0012.0011.009.008.00
Cashflow From Investing-4.3%762796-2,454-9,902-9,310-8,791-6,2245,9074,8074,3995,135479-325-1,273-3,054-3,365-3,662-2,672-2,408-2,632-1,936
Cashflow From Financing26.6%-2,027-2,760-2,178-5,694-4,848-4,223-2,5952,5342,0511,913363-3793669161,6521,6291,5601,4661,2751,232672
  Dividend Payments---30.00---31.00---29.00---27.00---25.00--
  Buy Backs-27.3%49468056752237027699.00265263168165----------

AEL Income Statement

2023-06-30
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended6 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 charges71,64255,514134,233107,869[1]
Net investment income542,685592,3081,104,0081,159,731[1]
Change in fair value of derivatives242,739(506,181)288,629(983,700)[1]
Net realized losses on investments(24,679)(33,272)(52,466)(46,399)[2]
Other revenue16,7369,40833,13018,225[1]
Total revenues851,639121,6081,514,187269,635[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 $775 for six months ended June 30, 2023 and 2022, respectively)5,1256,99812,33320,613[1]
Interest sensitive and index product benefits122,387140,346180,298428,263[1]
Market risk benefits (gains) losses(144,124)(299,278)39,570(107,385)[1]
Amortization of deferred sales inducements46,95144,69693,55289,781[1]
Change in fair value of embedded derivatives213,764(885,984)618,204(2,279,633)[2]
Interest expense on notes and loan payable11,2276,46122,24512,886[1]
Interest expense on subordinated debentures1,3381,3462,6742,663[1]
Amortization of deferred policy acquisition costs68,47672,485136,711145,454[2]
Other operating costs and expenses75,69759,872149,701117,667[1]
Total benefits and expenses400,841(853,058)1,255,288(1,569,691)[1]
Income before income taxes450,798974,666258,8991,839,326[1]
Income tax expense95,652211,37759,644396,572[1]
Net income355,146763,289199,2551,442,754[3]
Less: Net loss available to noncontrolling interests(217)(4)(114)(4)[1]
Net income available to American Equity Investment Life Holding Company stockholders355,363763,293199,3691,442,758[1]
Less: Preferred stock dividends10,91910,91921,83821,838[1]
Net income available to American Equity Investment Life Holding Company common stockholders$ 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)77,766,85192,543,85080,576,30194,693,048[1]
Weighted average common shares outstanding: earnings per common share - assuming dilution (in shares)78,927,95893,374,73881,824,05695,652,085[1]
[1]Certain prior period amounts have been recast. See Note 1 - Significant Accounting Policies for more information.
[2]Certain prior period amounts have been recast. See Note 1 - Significant Accounting Policies for more information.
[3]Certain prior period amounts have been recast. See Note 1 - Significant Accounting Policies for more information.

AEL Balance Sheet

2023-06-30
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 value7,373,6096,949,027[1]
Limited partnerships and limited liability companies (2023 and 2022 include $1,069,965 and $684,834 related to consolidated variable interest entities)1,649,9591,266,779[1]
Derivative instruments1,131,597431,727[1]
Other investments1,412,9391,817,085[1]
Total investments51,518,77451,325,298[1]
Cash and cash equivalents (2023 and 2022 include $44,919 and $27,235 related to consolidated variable interest entities)5,000,6571,919,669[1]
Coinsurance deposits (net of allowance for credit losses of $3,392 as of 2023 and $8,737 as of 2022)14,247,28413,254,956[1]
Market risk benefits234,470229,871[1]
Accrued investment income (2023 and 2022 include $3,745 and $3,444 related to consolidated variable interest entities)488,396497,851[1]
Deferred policy acquisition costs2,842,6152,773,643[1]
Deferred sales inducements2,134,2542,045,683[1]
Deferred income taxes293,466438,434[1]
Income taxes recoverable55,67855,498[1]
Other assets (2023 and 2022 include $19,726 and $10,690 related to consolidated variable interest entities)829,831642,696[1]
Total assets77,645,42573,183,599[1]
Liabilities:  
Policy benefit reserves59,856,67758,781,836[1]
Market risk benefits2,673,2722,455,492[1]
Other policy funds and contract claims202,251512,790[1]
Notes and loan payable788,754792,073[1]
Subordinated debentures78,92778,753[1]
Funds withheld for reinsurance liabilities7,565,2956,577,426[1]
Other liabilities (2023 and 2022 include $94,705 and $78,644 related to consolidated variable interest entities)3,885,2081,614,479[1]
Total liabilities75,050,38470,812,849[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)78,04884,810[1]
Additional paid-in capital1,055,9631,325,316[1]
Accumulated other comprehensive loss(3,425,248)(3,746,230)[1]
Retained earnings4,863,1244,685,593[1]
Total stockholders' equity attributable to American Equity Investment Life Holding Company2,571,9152,349,517[1]
Noncontrolling interests23,12621,233[1]
Total stockholders' equity2,595,0412,370,750[1]
Total liabilities and stockholders' equity77,645,42573,183,599[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 stock1616[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 stock1212[1]
Variable Interest Entities  
Investments:  
Real estate investments related to consolidated variable interest entities1,270,2131,056,063[1]
Limited partnerships and limited liability companies (2023 and 2022 include $1,069,965 and $684,834 related to consolidated variable interest entities)1,069,965684,834
Cash and cash equivalents (2023 and 2022 include $44,919 and $27,235 related to consolidated variable interest entities)44,91927,235
Accrued investment income (2023 and 2022 include $3,745 and $3,444 related to consolidated variable interest entities)3,7453,444
Other assets (2023 and 2022 include $19,726 and $10,690 related to consolidated variable interest entities)19,72610,690
Total assets2,408,5681,782,266
Liabilities:  
Other liabilities (2023 and 2022 include $94,705 and $78,644 related to consolidated variable interest entities)94,70578,644
Total liabilities$ 94,705$ 78,644
[1]Certain prior period amounts have been recast. See Note 1 - Significant Accounting Policies for more information.
Anant Bhalla
900
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, as well as single premium immediate annuities. It markets its products through independent agents, including independent marketing organizations, broker/dealers, banks, and registered investment advisors. American Equity Investment Life Holding Company was incorporated in 1995 and is headquartered in West Des Moines, Iowa.