American Equity Investment Life Holding Company (AEL) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,0962,2933441,434791398702
Cash and cash equivalents9,0962,2933441,434791398702
Total current assets:9,0962,2933441,434791398702
Noncurrent Assets
Other undisclosed assets62,29467,40361,28160,59755,26248,64343,288
TOTAL ASSETS:71,39069,69761,62662,03156,05349,04143,990
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  109    
Total current liabilities:  109    
Noncurrent Liabilities
Liabilities, other than long-term debt564178     
Deferred income tax liabilities564178
Total noncurrent liabilities:564178     
Other undisclosed liabilities64,25164,94959,11759,18153,76247,09741,850
Total liabilities:64,81565,12659,22659,18153,76247,09741,850
Stockholders' equity
Stockholders' equity attributable to parent, including:6,5754,5702,3992,8502,2921,9452,140
Preferred stock 0     
Common stock96919089888176
Additional paid in capital1,6811,212811791770630513
Accumulated other comprehensive income (loss)2,4291,498(52)725340202721
Retained earnings2,3691,7691,5501,2451,0931,031829
Other undisclosed stockholders' equity attributable to parent0      
Total stockholders' equity:6,5754,5702,3992,8502,2921,9452,140
TOTAL LIABILITIES AND EQUITY:71,39069,69761,62662,03156,05349,04143,990

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,4253,4641,5473,8922,2201,5192,169
Net investment income2,1822,3082,1481,9921,8501,6921,532
Cost of revenue(1,088)(212)(590)(476)(678)(541)(337)
Policyholder benefits and claims incurred, net (35)(40)
Deferred sales inducement cost, amortization expense(438)(89)(222)(177)(251)(209)(131)
Deferred policy acquisition costs, amortization expense(650)(88)(328)(256)(374)(286)(164)
Gross profit:1,3373,2539573,4161,5439781,832
Operating expenses(184)(154)(129)(112)(102)(96)(98)
Operating income:1,1533,0988283,3041,4408821,734
Nonoperating income
(Investment Income, Nonoperating)
      485
Interest and debt expense(31)(41)(41)(44)(41)(41)(61)
Other undisclosed loss from continuing operations before equity method investments, income taxes(306)(2,742)(221)(2,943)(1,269)(503)(1,962)
Income from continuing operations before income taxes:816316566316130337196
Income tax expense(145)(69)(108)(142)(47)(117)(70)
Net income attributable to parent:67124645817583220126
Preferred stock dividends and other adjustments(34)      
Net income available to common stockholders, diluted:63824645817583220126

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:67124645817583220126
Other comprehensive income (loss)1,7083,137(2,223) 1  
Comprehensive income (loss):2,3793,383(1,765)17584220126
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(777)(1,587)1,319385138(520)675
Comprehensive income (loss), net of tax, attributable to parent:1,6031,796(447)559222(300)801

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.

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