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Schedule II - Condensed Financial Information of Registrant Level 1 (Notes) | 12 Months Ended
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Dec. 31, 2012
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | Schedule II—Condensed Financial Information of Registrant AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY (PARENT COMPANY) Condensed Balance Sheets (Dollars in thousands)
| December 31,
| 2012 |  | 2011
Assets |  |  |
Cash and cash equivalents | $ | 11,220 |  |  | $ | 12,609 |
Equity securities of subsidiary trusts | 7,398 |  |  | 8,196 |
Receivable from subsidiaries | 535 |  |  | 747 |
Deferred income taxes | 2,378 |  |  | — |
Federal income tax recoverable, including amount from subsidiaries | 11,613 |  |  | 8,868 |
Other assets, including 2015 notes hedges | 55,010 |  |  | 61,233 |
| 88,154 |  |  | 91,653 |
Investment in and advances to subsidiaries | 2,235,403 |  |  | 1,933,845 |
Total assets | $ | 2,323,557 |  |  | $ | 2,025,498 |
Liabilities and Stockholders' Equity |  |  |
Liabilities: |  |  |
Notes payable | $ | 309,869 |  |  | $ | 297,608 |
Subordinated debentures payable to subsidiary trusts | 245,869 |  |  | 268,653 |
Deferred income taxes | — |  |  | 460 |
Other liabilities, including 2015 notes embedded derivative | 47,582 |  |  | 50,098 |
Total liabilities | 603,320 |  |  | 616,819 |
Stockholders' equity: |  |  |
Common stock | 61,751 |  |  | 57,837 |
Additional paid-in capital | 496,715 |  |  | 468,281 |
Unallocated common stock held by ESOP | (2,583 | ) |  | (3,620 | )
Accumulated other comprehensive income | 686,807 |  |  | 457,229 |
Retained earnings | 477,547 |  |  | 428,952 |
Total stockholders' equity | 1,720,237 |  |  | 1,408,679 |
Total liabilities and stockholders' equity | $ | 2,323,557 |  |  | $ | 2,025,498 |
See accompanying note to condensed financial statements. See accompanying Report of Independent Registered Public Accounting Firm. Schedule II—Condensed Financial Information of Registrant (Continued) AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY (PARENT COMPANY) Condensed Statements of Operations (Dollars in thousands)
| Year Ended December 31,
| 2012 |  | 2011 |  | 2010
Revenues: |  |  |  |  |
Net investment income | $ | 565 |  |  | $ | 298 |  |  | $ | 295 |
Dividends from subsidiary trusts | 403 |  |  | 427 |  |  | 455 |
Investment advisory fees | 36,178 |  |  | 29,765 |  |  | 23,713 |
Surplus note interest from subsidiary | 4,080 |  |  | 4,080 |  |  | 4,080 |
Realized gain on investments | — |  |  | 18 |  |  | 13 |
Change in fair value of derivatives | (7,472 | ) |  | (21,146 | ) |  | 27,059 |
Loss on extinguishment of debt | — |  |  | — |  |  | (292 | )
Total revenues | 33,754 |  |  | 13,442 |  |  | 55,323 |
Expenses: |  |  |  |  |
Change in fair value of embedded derivatives | (2,488 | ) |  | (21,002 | ) |  | 29,595 |
Interest expense on notes payable | 28,479 |  |  | 31,633 |  |  | 22,125 |
Interest expense on subordinated debentures issued to subsidiary trusts | 13,458 |  |  | 13,977 |  |  | 14,906 |
Other operating costs and expenses | 8,228 |  |  | 7,307 |  |  | 6,013 |
Total expenses | 47,677 |  |  | 31,915 |  |  | 72,639 |
Loss before income taxes and equity in undistributed income of subsidiaries | (13,923 | ) |  | (18,473 | ) |  | (17,316 | )
Income tax benefit | (5,944 | ) |  | (7,407 | ) |  | (7,417 | )
Loss before equity in undistributed income of subsidiaries | (7,979 | ) |  | (11,066 | ) |  | (9,899 | )
Equity in undistributed income of subsidiaries | 65,777 |  |  | 97,314 |  |  | 52,832 |
Net income | $ | 57,798 |  |  | $ | 86,248 |  |  | $ | 42,933 |
See accompanying note to condensed financial statements. See accompanying Report of Independent Registered Public Accounting Firm. Schedule II—Condensed Financial Information of Registrant (Continued) AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY (PARENT COMPANY) Condensed Statements of Cash Flows (Dollars in thousands)
| Year Ended December 31,
| 2012 |  | 2011 |  | 2010
Operating activities |  |  |  |  |
Net income | $ | 57,798 |  |  | $ | 86,248 |  |  | $ | 42,933 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |  |  |  |
Change in fair value of 2015 notes embedded conversion derivative | (2,488 | ) |  | (21,002 | ) |  | 29,595 |
Provision for depreciation and amortization | 2,382 |  |  | 2,395 |  |  | 1,270 |
Accrual of discount on equity security | (5 | ) |  | (5 | ) |  | (4 | )
Equity in undistributed income of subsidiaries | (65,777 | ) |  | (97,314 | ) |  | (52,832 | )
Amortization of premium on fixed maturity security | — |  |  | 1,005 |  |  | 185 |
Accrual of discount on contingent convertible notes | 12,261 |  |  | 13,024 |  |  | 7,761 |
Change in fair value of derivatives | 7,472 |  |  | 21,002 |  |  | (29,595 | )
Realized (gain) loss on investments | — |  |  | (18 | ) |  | (13 | )
Loss (gain) on extinguishment of debt | — |  |  | — |  |  | 292 |
Accrual of discount on debenture issued to subsidiary trust | 110 |  |  | 158 |  |  | 148 |
Share-based compensation | 1,348 |  |  | 866 |  |  | 1,087 |
ESOP compensation | 45 |  |  | 45 |  |  | 82 |
Deferred income tax benefit | (2,838 | ) |  | (4,355 | ) |  | (5,153 | )
Changes in operating assets and liabilities: |  |  |  |  |
Receivable from subsidiaries | 1,205 |  |  | 1,596 |  |  | (10 | )
Federal income tax recoverable | (2,745 | ) |  | 142 |  |  | (2,296 | )
Other assets | (549 | ) |  | 1,702 |  |  | (1,925 | )
Other liabilities | (4,469 | ) |  | (1,562 | ) |  | 3,708 |
Net cash provided by (used in) operating activities | 3,750 |  |  | 3,927 |  |  | (4,767 | )
Investing activities |  |  |  |  |
Capital contributions to subsidiaries | — |  |  | (2,450 | ) |  | (2,400 | )
Purchase of fixed maturity security | — |  |  | (53,610 | ) |  | (50,260 | )
Sales, maturities or repayments of fixed maturity securities—available for sale | — |  |  | 52,623 |  |  | 50,088 |
Purchases of property, plant and equipment | — |  |  | — |  |  | (33 | )
Net cash provided by (used in) investing activities | — |  |  | (3,437 | ) |  | (2,605 | )
See accompanying note to condensed financial statements. See accompanying Report of Independent Registered Public Accounting Firm. Schedule II—Condensed Financial Information of Registrant (Continued) AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY (PARENT COMPANY) Condensed Statements of Cash Flows (Continued) (Dollars in thousands)
| Year Ended December 31,
| 2012 |  | 2011 |  | 2010
Financing activities |  |  |  |  |
Financing fees incurred and deferred | $ | — |  |  | $ | (1,566 | ) |  | $ | (6,800 | )
Proceeds from notes payable | — |  |  | — |  |  | 200,000 |
Repayments of notes payable | — |  |  | (46,251 | ) |  | (156,641 | )
Purchase of 2015 notes hedges | — |  |  | — |  |  | (37,000 | )
Repayment of subordinated debentures | (1,141 | ) |  | — |  |  | — |
Excess tax benefits realized from share-based compensation plans | 6 |  |  | 28 |  |  | 31 |
Proceeds from issuance of common stock | 5,370 |  |  | 4,686 |  |  | 6,123 |
Proceeds from issuance of warrants | — |  |  | — |  |  | 15,600 |
Dividends paid | (9,374 | ) |  | (7,102 | ) |  | (5,829 | )
Net cash provided by (used in) financing activities | (5,139 | ) |  | (50,205 | ) |  | 15,484 |
Increase (decrease) in cash and cash equivalents | (1,389 | ) |  | (49,715 | ) |  | 8,112 |
Cash and cash equivalents at beginning of year | 12,609 |  |  | 62,324 |  |  | 54,212 |
Cash and cash equivalents at end of year | $ | 11,220 |  |  | $ | 12,609 |  |  | $ | 62,324 |
Supplemental disclosures of cash flow information |  |  |  |  |
Cash paid during the year for: |  |  |  |  |
Interest on notes payable | $ | 14,564 |  |  | $ | 16,917 |  |  | $ | 11,085 |
Interest on subordinated debentures | 13,102 |  |  | 13,703 |  |  | 14,717 |
Non-cash financing activity: |  |  |  |  |
Conversion of subordinated debentures | 20,770 |  |  | — |  |  | 60 |
See accompanying note to condensed financial statements. See accompanying Report of Independent Registered Public Accounting Firm. Schedule II—Condensed Financial Information of Registrant (Continued) AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY (PARENT COMPANY) Note to Condensed Financial Statements December 31, 2012 1. Basis of Presentation The accompanying condensed financial statements should be read in conjunction with the consolidated financial statements and notes thereto of American Equity Investment Life Holding Company (Parent Company). In the Parent Company financial statements, its investment in and advances to subsidiaries are stated at cost plus equity in undistributed income (losses) of subsidiaries since the date of acquisition and net unrealized gains/losses on the subsidiaries' fixed maturity securities classified as "available for sale" and equity securities. See notes 9 and 10 to the consolidated financial statements for a description of the Parent Company's notes payable and subordinated debentures payable to subsidiary trusts.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24072-122690 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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