American Equity Investment Life Holding Co AEL Income Statement

American equity investment life holding co (AEL)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Revenues:
Premiums and other considerations
23	26	34	43	36	32	45	76	118	11	12
Insurance Commissions and Fees
240	224	200	173	136	118	103	89	76	69	63
Net investment income
2,307	2,147	1,991	1,849	1,692	1,531	1,383	1,286	1,218	1,036	932
Change in fair value of derivatives
906	-777	1,677	164	-336	504	1,076	221	-114	168	216
Net realized gains (losses) on investments, excluding other than temporary impairment (OTTI) losses
6	-37	10	11	10	-4	40	-6	-18	23	51
OTTI losses on investments:
Total OTTI losses
18	35	2	21	25	0	4	5	20	19	220
Portion of OTTI losses recognized from other comprehensive income
-0	-1	-1	-1	-6	2	1	9	13	4	-133
Net OTTI losses recognized in operations
18	36	4	22	19	2	6	14	33	23	86
Gain (Loss) on Extinguishment of Debt
-2	0	-18	0	0	-12	-32	0	0	-0	-0
Total revenues
3,464	1,547	3,891	2,220	1,518	2,168	2,610	1,652	1,246	1,285	1,188
Benefits and expenses:
Insurance policy benefits and change in future policy benefits
35	39	43	52	45	41	53	81	115	8	8
Interest sensitive and index product benefits
1,287	1,610	2,023	725	968	1,473	1,272	808	775	733	347
Amortization of deferred sales inducements
88	222	176	251	209	131	253	87	71	59	39
Change in fair value of embedded derivatives
-1,454	1,389	-919	-543	464	-32	-133	-286	105	-130	-529
Interest expense on notes payable
25	25	30	28	28	36	38	28	31	22	14
Interest expense on subordinated debentures
15	15	14	12	12	12	12	13	13	14	15
Interest expense on amounts due under repurchase agreements
-	-	-	-	-	-	-	-	-	0	0
Amortization of deferred policy acquisition costs
87	327	255	374	286	163	365	164	143	136	88
Other operating costs and expenses
154	129	111	102	96	81	91	95	67	114	57
Total benefits and expenses
3,148	981	3,575	2,090	1,181	1,972	2,221	1,566	1,113	1,220	1,102
Income (loss) before income taxes
315	565	316	130	337	196	389	85	132	65	86
Income tax expense (benefit)
69	107	141	47	117	70	136	28	46	22	17
Net Income (Loss) Attributable to Parent
246	458	174	83	219	126	253	57	86	42	68
Earnings (loss) per common share
2.70	5.07	1.96	0.98	2.78	1.69	3.86	0.94	1.45	0.73	1.22
Earnings (loss) per common share - assuming dilution
2.68	5.01	1.93	0.97	2.72	1.58	3.38	0.89	1.37	0.68	1.18
Weighted average common shares outstanding: earnings (loss) per common share
91	90	88	84	78	74	65	61	59	58	0
Weighted average common shares outstanding: earnings (loss) per common share - assuming dilution
91	91	90	85	80	79	75	65	63	64	0