American Equity Investment Life Holding Co AEL Income Statement

American equity investment life holding co (AEL)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues:
Premiums and other considerations
7,664	8,846	5,152	4,126	5,410	4,430	7,240	5,757	9,053	8,537	8,569	7,720	9,402	12,233	12,731	11,458	7,345	10,679	8,335	10,037	6,997	10,126	6,043	9,123	7,331	18,219	2,493	11,551	13,084	66,905	3,300	3,248	3,222	109,581	3,126	3,289	2,916	3,181	2,643
Insurance Commissions and Fees
59,549	62,722	63,647	60,700	52,966	60,394	58,365	55,006	50,723	56,388	51,931	48,603	43,572	48,275	47,675	41,124	36,505	37,102	37,975	32,409	28,682	32,513	31,958	29,247	25,272	32,148	26,451	23,511	21,481	23,830	23,875	21,908	19,393	18,930	20,405	19,892	16,962	18,538	18,617
Net investment income
573,318	588,217	590,412	570,568	558,438	554,355	549,391	533,282	510,784	512,709	500,202	493,489	485,597	475,633	463,583	459,830	450,826	438,262	436,085	418,176	399,669	403,849	386,931	370,882	370,005	363,947	354,147	336,143	329,690	321,160	318,594	320,259	326,910	324,272	305,502	296,878	292,128	260,475	254,845
Change in fair value of derivatives
-941,874	466,434	-20,042	76,045	384,469	-1,054,281	595,311	132,205	-451,083	661,993	362,525	266,820	386,533	95,391	103,794	39,099	-74,065	69,338	-351,360	-23,024	-31,100	146,231	39,218	270,883	48,493	444,985	193,028	64,040	373,962	-48,266	161,090	-150,847	259,161	92,269	-333,621	-22,029	148,653	93,980	-208,737
Net realized gains (losses) on investments, excluding credit losses on fixed maturity securities, available for sale
11,035	-	-	-	-563	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Credit losses on fixed maturity securities, available for sale
31,371	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net realized gains (losses) on investments, excluding other than temporary impairment (OTTI) losses
-	-	4,328	-3,832	-	3,097	-2,196	-38,381	302	2,719	1,579	3,873	2,338	844	5,256	2,737	2,687	-151	1,159	4,324	4,879	2,131	-3,190	-2,230	-714	16,364	-2,077	15,689	10,585	1,471	-1,238	-611	-6,076	698	-17,292	-854	-1,193	11,298	1,063
OTTI losses on investments:
Total OTTI losses
-	-	101	998	-	18,980	14,373	745	907	2,485	273	0	0	10,015	4,554	762	6,018	15,415	10,000	0	132	0	0	0	0	0	0	2,775	2,189	3,255	0	375	1,781	9,834	5,133	113	5,100	2,160	1,603
Portion of OTTI losses recognized from other comprehensive income
-	-	0	-215	-	0	0	-1,651	0	-591	-191	-949	-141	-3,115	-1,575	3,684	-324	-2,068	-4,771	828	0	564	564	594	905	0	222	0	1,048	6,132	1,686	603	1,100	6,451	3,758	2,116	1,471	1,830	-785
Net OTTI losses recognized in operations
-	-	101	1,213	-	18,980	14,373	2,396	907	3,076	464	949	141	9,560	2,979	4,446	5,694	13,347	5,229	828	132	564	564	594	905	0	222	2,775	3,237	9,387	1,686	978	2,881	16,285	8,891	2,229	6,571	3,990	818
Gain (Loss) on Extinguishment of Debt
-2,024	-	-	-	0	-	-	-	-	-	-18,389	-428	-	-	0	0	-	-	-	-	-	-1,951	0	-6,574	-3,977	-30,988	-938	-589	0	-	0	0	-	-	-	-	-	0	-292
Total revenues
-323,703	1,113,835	643,396	706,394	1,000,720	-450,985	1,193,738	685,473	118,872	1,239,270	905,953	819,128	927,301	622,816	630,060	549,802	417,604	541,883	126,965	441,094	408,995	592,335	460,396	670,737	445,505	844,675	572,882	447,570	745,565	355,713	503,935	192,979	599,729	529,465	-30,771	294,947	452,895	383,482	67,321
Benefits and expenses:
Insurance policy benefits and change in future policy benefits
10,072	-	-	-	9,299	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance policy benefits and change in future policy benefits
-	-	7,627	6,939	-	7,439	10,721	9,276	12,094	10,535	10,823	9,986	11,875	14,916	15,065	13,393	9,109	12,829	10,959	12,450	9,220	11,624	9,109	10,987	10,095	22,896	1,647	13,768	14,760	75,249	1,865	2,250	2,117	109,009	1,888	2,499	1,895	2,128	2,169
Interest sensitive and index product benefits
400,219	399,514	500,285	251,103	136,674	255,700	413,089	427,951	514,095	630,905	501,028	472,596	419,139	237,737	278,943	111,121	97,671	165,622	213,465	306,141	282,825	359,319	429,415	367,774	317,192	388,720	327,976	333,001	223,170	280,518	246,105	142,733	139,123	153,780	223,232	238,420	159,665	159,155	228,818
Amortization of deferred sales inducements
73,591	91,260	-55,769	19,785	33,309	-11,578	55,244	78,112	100,423	65,885	14,707	33,695	62,325	123,770	69,245	30,672	27,479	57,112	65,807	75,518	10,953	34,743	40,661	55,349	666	69,121	34,625	120,536	28,831	36,798	7,709	25,940	16,710	48,889	-28,065	20,265	30,692	5,184	3,243
Change in fair value of embedded derivatives
1,250,061	-147,879	-212,278	-327,562	-766,323	804,026	-383,716	101,949	867,232	-290,890	-229,702	-174,973	-224,170	151,099	-144,404	-284,303	-265,857	-118,414	414,724	219,601	-51,213	-53,973	195,206	-80,935	-92,619	-142,881	-36,224	408,409	-363,272	179,379	-188,201	80,989	-359,066	-33,031	205,565	60,963	-128,303	-114,823	190,211
Interest expense on notes payable
6,385	6,384	6,382	6,380	6,379	6,376	6,376	6,374	6,372	6,371	7,597	8,678	7,722	7,599	6,887	6,882	6,880	6,873	7,283	7,354	7,339	8,244	8,741	9,121	10,264	11,885	12,957	6,780	7,248	7,271	7,141	7,072	6,995	7,910	7,984	7,832	7,907	4,940	4,673
Interest expense on subordinated debentures
1,588	3,651	3,968	4,057	4,088	4,041	3,942	3,878	3,630	3,864	3,502	3,422	3,336	3,331	3,253	3,206	3,168	3,101	3,075	3,047	3,016	3,046	3,044	3,024	3,008	3,027	3,034	3,018	3,009	3,074	3,235	3,563	3,586	3,542	3,488	3,481	3,466	3,805	3,716
Interest expense on amounts due under repurchase agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1	4	0	0
Amortization of deferred policy acquisition costs
120,702	133,573	-120,934	29,946	45,132	-8,750	81,053	115,049	140,639	93,716	23,023	49,547	89,678	175,526	98,108	50,665	49,713	99,243	67,885	104,700	14,286	49,629	39,671	67,084	7,194	99,934	50,034	169,270	46,230	59,833	25,954	44,848	34,284	78,323	-28,930	38,862	55,223	45,795	917
Other operating costs and expenses
43,626	39,194	38,554	37,426	38,979	33,597	31,924	32,540	31,240	29,366	28,782	25,964	27,579	23,445	25,133	26,823	26,830	25,731	24,497	24,868	21,122	20,996	20,616	20,887	19,085	26,886	20,658	24,851	19,520	18,710	36,170	18,902	21,713	17,548	15,903	16,634	17,474	16,213	16,702
Total benefits and expenses
-593,878	833,008	592,391	683,198	1,040,183	-517,201	986,065	571,231	-58,739	1,131,532	819,164	778,861	845,824	435,225	641,038	527,065	486,707	488,925	-21,753	314,477	399,974	541,574	356,051	615,161	460,123	765,350	487,155	262,815	706,040	302,074	516,380	164,319	583,594	452,027	-10,065	267,031	404,629	352,043	70,027
Income (loss) before income taxes
270,175	280,827	51,005	23,196	-39,463	66,216	207,673	114,242	177,611	107,738	86,789	40,267	81,477	187,591	-10,978	22,737	-69,103	52,958	148,718	126,617	9,021	50,761	104,345	55,576	-14,618	79,325	85,727	184,755	39,525	53,639	-12,445	28,660	16,135	77,438	-20,706	27,916	48,266	31,439	-2,706
Income tax expense (benefit)
27,228	60,677	13,645	4,606	-9,453	12,393	38,345	20,339	36,649	70,935	29,832	13,321	27,538	66,795	-3,558	8,029	-24,262	19,182	51,412	43,772	3,118	19,544	36,530	18,832	-4,865	28,367	29,546	64,642	13,494	17,242	-4,616	9,901	5,664	27,739	-7,638	9,642	16,923	10,925	-1,202
Net Income (Loss) Attributable to Parent
242,947	220,150	37,360	18,590	-30,010	53,823	169,328	93,903	140,962	36,803	56,957	26,946	53,939	120,796	-7,420	14,708	-44,841	33,776	97,306	82,845	5,903	31,217	67,815	36,744	-9,753	50,958	56,181	120,113	26,031	36,397	-7,829	18,759	10,471	49,699	-13,068	18,274	31,343	20,514	-1,504
Less: Preferred stock dividends
6,611	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) available to common stockholders
236,336	-	-	-	-30,010	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings (loss) per common share
2.58	2.42	0.41	0.20	-0.33	0.59	1.87	1.04	1.57	0.41	0.64	0.30	0.61	1.44	-0.09	0.18	-0.55	0.41	1.22	1.07	0.08	0.43	0.90	0.49	-0.13	0.72	0.86	1.87	0.41	0.58	-0.13	0.31	0.18	0.83	-0.22	0.31	0.53	0.35	-0.03
Earnings (loss) per common share - assuming dilution
2.57	2.40	0.41	0.20	-0.33	0.58	1.85	1.03	1.55	0.40	0.63	0.30	0.60	1.43	-0.09	0.18	-0.55	0.41	1.19	1.05	0.07	0.40	0.85	0.46	-0.13	0.54	0.75	1.71	0.38	0.56	-0.13	0.30	0.16	0.83	-0.22	0.28	0.48	0.33	-0.03
Weighted average common shares outstanding: earnings (loss) per common share
91,644	91,319	91,251	91,103	90,883	90,562	90,485	90,326	90,017	89,316	89,068	88,897	88,647	88,265	86,261	82,516	82,128	81,792	79,675	77,237	77,041	75,661	75,082	74,461	72,518	69,478	65,129	64,254	63,313	62,887	62,504	59,943	59,700	59,647	59,595	59,504	59,182	-	-
Weighted average common shares outstanding: earnings (loss) per common share - assuming dilution
92,021	91,889	91,710	91,785	91,743	91,629	91,650	91,270	91,139	90,735	90,420	90,112	89,975	89,231	87,043	83,184	82,961	83,938	81,558	79,227	79,118	80,973	79,467	79,517	79,615	86,514	74,559	70,382	68,705	67,256	65,261	64,253	65,930	60,538	62,698	65,530	65,711	-	-