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Schedule II - Condensed Financial Information of Registrant Level 3 (Tables) | 12 Months Ended
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Dec. 31, 2012
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Financial Information of Registrant, Condensed Balance Sheet [Table Text Block] |
| 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 |
Condensed Financial Information, Condensed Statements of Operations [Table Text Block] |
| 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 |
Condensed Financial Information, Condensed Statements of Cash Flows [Table Text Block] |
| 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 |

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