American Equity Investment Life Holding AEL Stock Quotes and Insider News

Insider Chart Past 6 Months

Technical Chart

Filings by transaction date

Sep 22, 2023 (filed on Sep 25, 2023)

Insider Name:

Chapman Joyce Ann

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

G - Gift

# or value acquired/disposed of:

-7,000

Price:

--
Sep 21, 2023 (filed on Sep 25, 2023)

Insider Name:

Lorenzen Jeffrey D

Ownership Type:

Direct Ownership

Securities:

Options - Right to Buy

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

-49,565

Price:

--
Sep 21, 2023 (filed on Sep 25, 2023)

Insider Name:

Lorenzen Jeffrey D

Ownership Type:

Direct Ownership

Securities:

Options - Right to Buy

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

-15,755

Price:

--
Sep 21, 2023 (filed on Sep 25, 2023)

Insider Name:

Lorenzen Jeffrey D

Ownership Type:

Direct Ownership

Securities:

Options - Right to Buy

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

-11,299

Price:

--
Sep 21, 2023 (filed on Sep 25, 2023)

Insider Name:

Lorenzen Jeffrey D

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-20,776

Price:

$53.87
Sep 21, 2023 (filed on Sep 25, 2023)

Insider Name:

Lorenzen Jeffrey D

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-76,619

Price:

$53.85
Sep 21, 2023 (filed on Sep 25, 2023)

Insider Name:

Lorenzen Jeffrey D

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

49,565

Price:

$27.05
Sep 21, 2023 (filed on Sep 25, 2023)

Insider Name:

Lorenzen Jeffrey D

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

15,755

Price:

$27.40
Sep 21, 2023 (filed on Sep 25, 2023)

Insider Name:

Lorenzen Jeffrey D

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

11,299

Price:

$31.63
Sep 21, 2023 (filed on Sep 25, 2023)

Insider Name:

Mulcahy David S.

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

G - Gift

# or value acquired/disposed of:

-9,000

Price:

--

Filings by filing date

Sep 22, 2023 (filed on Sep 25, 2023)

Insider Name:

Chapman Joyce Ann

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

G - Gift

# or value acquired/disposed of:

-7,000

Price:

--
Sep 21, 2023 (filed on Sep 25, 2023)

Insider Name:

Lorenzen Jeffrey D

Ownership Type:

Direct Ownership

Securities:

Options - Right to Buy

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

-49,565

Price:

--
Sep 21, 2023 (filed on Sep 25, 2023)

Insider Name:

Lorenzen Jeffrey D

Ownership Type:

Direct Ownership

Securities:

Options - Right to Buy

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

-15,755

Price:

--
Sep 21, 2023 (filed on Sep 25, 2023)

Insider Name:

Lorenzen Jeffrey D

Ownership Type:

Direct Ownership

Securities:

Options - Right to Buy

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

-11,299

Price:

--
Sep 21, 2023 (filed on Sep 25, 2023)

Insider Name:

Lorenzen Jeffrey D

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-20,776

Price:

$53.87
Sep 21, 2023 (filed on Sep 25, 2023)

Insider Name:

Lorenzen Jeffrey D

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-76,619

Price:

$53.85
Sep 21, 2023 (filed on Sep 25, 2023)

Insider Name:

Lorenzen Jeffrey D

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

49,565

Price:

$27.05
Sep 21, 2023 (filed on Sep 25, 2023)

Insider Name:

Lorenzen Jeffrey D

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

15,755

Price:

$27.40
Sep 21, 2023 (filed on Sep 25, 2023)

Insider Name:

Lorenzen Jeffrey D

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

11,299

Price:

$31.63
Sep 21, 2023 (filed on Sep 25, 2023)

Insider Name:

Mulcahy David S.

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

G - Gift

# or value acquired/disposed of:

-9,000

Price:

--

News

Biz Brief

Sector: Financials	Industry: Life & Health Insurance

See Regulatory Filings on SEC

Company Contact

Address:	6000 Westown Pkwy WEST DES MOINES IA 50266-7711
Tel:	1-888-2211234
Website:	https://www.american-equity.com
IR:	See website

Key People

Anant Bhalla President, Chief Executive Officer, Director	Axel P. Andre Chief Financial Officer, Executive Vice President	Nicholas P. Volpe Executive Vice President, Chief Technology Officer
James L. Hamalainen Executive Vice President, Chief Investment Officer	Jeffrey D. Lorenzen Executive Vice President, Chief Risk Officer	Dewayne Lummus Senior Vice President, Chief Accounting Officer

Business Overview

American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products. The Company issues fixed annuity products through its life insurance subsidiaries, American Equity Investment Life Insurance Company (American Equity Life), American Equity Investment Life Insurance Company of New York (American Equity Life of New York) and Eagle Life Insurance Company (Eagle Life). The Company operates through one segment, which comprises of the sale of fixed index and fixed rate annuities. Its product types include Fixed index annuities, Annual reset fixed rate annuities, Multi-year fixed rate annuities and Single premium immediate annuities. The Company markets its products through a variable cost distribution network, including independent agents through independent marketing organizations (IMOs), broker/dealers, banks and registered investment advisors.

Financial Overview

For the six months ended 30 June 2023, American Equity Investment Life Holding revenues increased from $377M to $1.47B. Net income applicable to common stockholders decreased 88% to $177.5M. Revenues reflect increase in net premium earned. Net income was offset by Change in fair value of embedded derivat decrease from $2.28B (income) to $618.2M (expense), Other operating costs and expenses increase of 27% to $149.7M (expense).

Employees:	840 as of Dec 31, 2022

Reporting Currency:	U.S. Dollars
Enterprise value:	$83.42M as of Jun 30, 2023
Annual revenue (TTM):	$2,621M as of Jun 30, 2023
EBITDA (TTM):	$1,603M as of Jun 30, 2023
Net annual income (TTM):	$449.84M as of Jun 30, 2023
Free cash flow (TTM):	$4,859M as of Jun 30, 2023
Net Debt Last Fiscal Year:	N/A
Shares outstanding:	78,298,297 as of Aug 2, 2023
Index Membership:	S&P 600 Small Cap
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization