American Equity Investment Life Holding Company (AEL) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,5099,0962,2933441,434791398
Cash and cash equivalents4,5099,0962,2933441,434791398
Total current assets:4,5099,0962,2933441,434791398
Noncurrent Assets
Other undisclosed assets73,84062,29467,40361,28160,59755,26248,643
TOTAL ASSETS:78,34971,39069,69761,62662,03156,05349,041
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   109   
Total current liabilities:   109   
Noncurrent Liabilities
Liabilities, other than long-term debt542564178    
Deferred income tax liabilities542564178
Total noncurrent liabilities:542564178    
Other undisclosed liabilities71,48464,25164,94959,11759,18153,76247,097
Total liabilities:72,02664,81565,12659,22659,18153,76247,097
Stockholders' equity
Stockholders' equity attributable to parent, including:6,3236,5754,5702,3992,8502,2921,945
Preferred stock  0    
Common stock93969190898881
Additional paid in capital1,6141,6811,212811791770630
Accumulated other comprehensive income (loss)1,8492,4291,498(52)725340202
Retained earnings2,7672,3691,7691,5501,2451,0931,031
Other undisclosed stockholders' equity attributable to parent00     
Total stockholders' equity:6,3236,5754,5702,3992,8502,2921,945
TOTAL LIABILITIES AND EQUITY:78,34971,39069,69761,62662,03156,05349,041

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues3,6892,4253,4641,5473,8922,2201,519
Net investment income2,0372,1822,3082,1481,9921,8501,692
Cost of revenue(421)(1,088)(212)(590)(476)(678)(541)
Policyholder benefits and claims incurred, net  (35)(40)
Deferred sales inducement cost, amortization expense(153)(438)(89)(222)(177)(251)(209)
Deferred policy acquisition costs, amortization expense(268)(650)(88)(328)(256)(374)(286)
Gross profit:3,2681,3373,2539573,4161,543978
Operating expenses(244)(184)(154)(129)(112)(102)(96)
Operating income:3,0251,1533,0988283,3041,440882
Interest and debt expense(31)(31)(41)(41)(44)(41)(41)
Other undisclosed loss from continuing operations before equity method investments, income taxes (306)(2,742)(221)(2,943)(1,269)(503)
Income from continuing operations before equity method investments, income taxes:2,994816316566316130337
Other undisclosed loss from continuing operations before income taxes(2,391)      
Income from continuing operations before income taxes:603816316566316130337
Income tax expense(129)(145)(69)(108)(142)(47)(117)
Net income attributable to parent:47467124645817583220
Preferred stock dividends and other adjustments(44)(34)     
Net income available to common stockholders, diluted:43063824645817583220

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:47467124645817583220
Other comprehensive income (loss)(897)1,7083,137(2,223) 1 
Comprehensive income (loss):(423)2,3793,383(1,765)17584220
Other undisclosed comprehensive income (loss), net of tax, attributable to parent542(777)(1,587)1,319385138(520)
Comprehensive income (loss), net of tax, attributable to parent:1191,6031,796(447)559222(300)

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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