American Equity Investment Life Holding Company (AEL) financial statements (2020 and earlier)

Company profile

Business Address 6000 WESTOWN PARKWAY
WEST DEMOINES, IA 50266
State of Incorp. IA
Fiscal Year End December 31
SIC 6311 - Life Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,2933441,434791398702898
Cash and cash equivalents2,2933441,434791398702898
Total current assets:2,2933441,434791398702898
Noncurrent Assets
Other undisclosed assets67,40361,28160,59755,26248,64343,28838,724
TOTAL ASSETS:69,69761,62662,03156,05349,04143,99039,621
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 109     
Total current liabilities: 109     
Noncurrent Liabilities
Liabilities, other than long-term debt178      
Deferred income tax liabilities178
Total noncurrent liabilities:178      
Other undisclosed liabilities64,94959,11759,18153,76247,09741,85038,237
Total liabilities:65,12659,22659,18153,76247,09741,85038,237
Stockholders' equity
Stockholders' equity attributable to parent, including:4,5702,3992,8502,2921,9452,1401,385
Preferred stock0      
Common stock91908988817671
Additional paid in capital1,212811791770630513550
Accumulated other comprehensive income (loss)1,498(52)72534020272146
Retained earnings1,7691,5501,2451,0931,031829718
Unearned esop shares      (2)
Other undisclosed stockholders' equity attributable to parent      1
Total stockholders' equity:4,5702,3992,8502,2921,9452,1401,385
TOTAL LIABILITIES AND EQUITY:69,69761,62662,03156,05349,04143,99039,621

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues3,4641,5473,8922,2201,5192,1692,611
Net investment income2,3082,1481,9921,8501,6921,5321,384
Cost of revenue(212)(590)(476)(678)(541)(337)(53)
Policyholder benefits and claims incurred, net(35)(40)
Deferred sales inducement cost, amortization expense(89)(222)(177)(251)(209)(131)253
Deferred policy acquisition costs, amortization expense(88)(328)(256)(374)(286)(164)365
Financial services costs(43)(52)(45)(42)(53)
Gross profit:3,2539573,4161,5439781,8322,558
Operating expenses(154)(129)(112)(102)(96)(98)(113)
Operating income:3,0988283,3041,4408821,7342,445
Nonoperating income
(Investment Income, Nonoperating)
     4851,097
Interest and debt expense(41)(41)(44)(41)(41)(61)(71)
Other undisclosed loss from continuing operations before equity method investments, income taxes(2,742)(221)(2,943)(1,269)(503)(1,962)(3,081)
Income from continuing operations before income taxes:316566316130337196389
Income tax expense(69)(108)(142)(47)(117)(70)(136)
Net income available to common stockholders, diluted:24645817583220126253

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:24645817583220126253
Other comprehensive income (loss)3,137(2,223) 1   
Comprehensive income (loss):3,383(1,765)17584220126253
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,587)1,319385138(520)675(641)
Comprehensive income (loss), net of tax, attributable to parent:1,796(447)559222(300)801(387)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: