XML 81 R21.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Mortgage Loans on Real Estate (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2013
Mortgage Loans on Real Estate [Abstract] |
Summary of Mortgage Loan Portfolio | Our mortgage loan portfolio, summarized in the following table, totaled $2.6 billion at September 30, 2013 and December 31, 2012, with commitments outstanding of $81.2 million at September 30, 2013.
| September 30, 2013 |  | December 31, 2012
| (Dollars in thousands)
Principal outstanding | $ | 2,625,563 |  |  | $ | 2,658,883 |
Loan loss allowance | (31,118 | ) |  | (34,234 | )
Deferred prepayment fees | (594 | ) |  | (709 | )
Carrying value | $ | 2,593,851 |  |  | $ | 2,623,940 |
Mortgage Loan Portfolio Summarized by Geographic Region and Property Type | The mortgage loan portfolio is summarized by geographic region and property type as follows:
| September 30, 2013 |  | December 31, 2012
| Principal Outstanding |  | Percent |  | Principal Outstanding |  | Percent
| (Dollars in thousands)
Geographic distribution |  |  |  |  |  |  |
East | $ | 772,366 |  |  | 29.4 | % |  | $ | 732,762 |  |  | 27.5 | %
Middle Atlantic | 149,951 |  |  | 5.7 | % |  | 155,094 |  |  | 5.8 | %
Mountain | 353,820 |  |  | 13.5 | % |  | 387,599 |  |  | 14.6 | %
New England | 22,790 |  |  | 0.9 | % |  | 26,385 |  |  | 1.0 | %
Pacific | 316,822 |  |  | 12.1 | % |  | 320,982 |  |  | 12.1 | %
South Atlantic | 491,221 |  |  | 18.7 | % |  | 458,802 |  |  | 17.3 | %
West North Central | 358,115 |  |  | 13.6 | % |  | 370,168 |  |  | 13.9 | %
West South Central | 160,478 |  |  | 6.1 | % |  | 207,091 |  |  | 7.8 | %
| $ | 2,625,563 |  |  | 100.0 | % |  | $ | 2,658,883 |  |  | 100.0 | %
Property type distribution |  |  |  |  |  |  |
Office | $ | 613,050 |  |  | 23.4 | % |  | $ | 666,467 |  |  | 25.1 | %
Medical Office | 131,304 |  |  | 5.0 | % |  | 136,764 |  |  | 5.1 | %
Retail | 698,189 |  |  | 26.6 | % |  | 677,951 |  |  | 25.5 | %
Industrial/Warehouse | 664,703 |  |  | 25.3 | % |  | 692,637 |  |  | 26.1 | %
Hotel | 79,385 |  |  | 3.0 | % |  | 94,045 |  |  | 3.5 | %
Apartment | 269,817 |  |  | 10.3 | % |  | 219,335 |  |  | 8.2 | %
Mixed use/other | 169,115 |  |  | 6.4 | % |  | 171,684 |  |  | 6.5 | %
| $ | 2,625,563 |  |  | 100.0 | % |  | $ | 2,658,883 |  |  | 100.0 | %
Rollforward of Specific and General Valuation Allowances for Mortgage Loans on Real Estate | The following tables present a rollforward of our specific and general valuation allowances for mortgage loans on real estate:
| Three Months Ended September 30, 2013 |  | Three Months Ended September 30, 2012
| Specific Allowance |  | General Allowance |  | Specific Allowance |  | General Allowance
| (Dollars in thousands)
Beginning allowance balance | $ | (21,176 | ) |  | $ | (10,500 | ) |  | $ | (25,445 | ) |  | $ | (11,200 | )
Charge-offs | 3,749 |  |  | — |  |  | 1,932 |  |  | — |
Recoveries | — |  |  | — |  |  | — |  |  | — |
Provision for credit losses | (2,691 | ) |  | (500 | ) |  | (2,909 | ) |  | (400 | )
Ending allowance balance | $ | (20,118 | ) |  | $ | (11,000 | ) |  | $ | (26,422 | ) |  | $ | (11,600 | )
| Nine Months Ended September 30, 2013 |  | Nine Months Ended September 30, 2012
| Specific Allowance |  | General Allowance |  | Specific Allowance |  | General Allowance
| (Dollars in thousands)
Beginning allowance balance | $ | (23,134 | ) |  | $ | (11,100 | ) |  | $ | (23,664 | ) |  | $ | (9,300 | )
Charge-offs | 7,930 |  |  | — |  |  | 10,445 |  |  | — |
Recoveries | — |  |  | — |  |  | — |  |  | — |
Provision for credit losses | (4,914 | ) |  | 100 |  |  | (13,203 | ) |  | (2,300 | )
Ending allowance balance | $ | (20,118 | ) |  | $ | (11,000 | ) |  | $ | (26,422 | ) |  | $ | (11,600 | )
Impaired Mortgage Loans on Real Estate by Basis of Impairment | The following table presents the total outstanding principal of loans evaluated for impairment by basis of impairment method:
| September 30, 2013 |  | December 31, 2012
| (Dollars in thousands)
Individually evaluated for impairment | $ | 50,055 |  |  | $ | 53,110 |
Collectively evaluated for impairment | 2,575,508 |  |  | 2,605,773 |
Total loans evaluated for impairment | $ | 2,625,563 |  |  | $ | 2,658,883 |
Summary of Activity in Real Estate Owned Which Was Obtained in Satisfaction of Mortgage Loans on Real Estate | The following table summarizes the activity in the real estate owned which was obtained in satisfaction of mortgage loans on real estate:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2013 |  | 2012 |  | 2013 |  | 2012
| (Dollars in thousands)
Real estate owned at beginning of period | $ | 26,609 |  |  | $ | 38,390 |  |  | $ | 33,172 |  |  | $ | 36,821 |
Real estate acquired in satisfaction of mortgage loans | 5,441 |  |  | 2,916 |  |  | 6,285 |  |  | 14,902 |
Additions | 52 |  |  | — |  |  | 532 |  |  | 117 |
Sales | (5,832 | ) |  | (5,727 | ) |  | (13,245 | ) |  | (13,093 | )
Impairments | (678 | ) |  | (830 | ) |  | (823 | ) |  | (3,473 | )
Depreciation | (159 | ) |  | (185 | ) |  | (488 | ) |  | (710 | )
Real estate owned at end of period | $ | 25,433 |  |  | $ | 34,564 |  |  | $ | 25,433 |  |  | $ | 34,564 |
Mortgage Loans By Credit Quality Indicator | We analyze credit risk of our mortgage loans by analyzing all available evidence on loans that are delinquent and loans that are in a workout period.
| September 30, 2013 |  | December 31, 2012
| (Dollars in thousands)
Credit Exposure--By Payment Activity |  |  |
Performing | $ | 2,588,791 |  |  | $ | 2,597,440 |
In workout | 30,724 |  |  | 26,723 |
Collateral dependent | 6,048 |  |  | 34,720 |
| $ | 2,625,563 |  |  | $ | 2,658,883 |
Aging of Financing Receivables | Aging of financing receivables is summarized in the following table, with loans in a "workout" period as of the reporting date considered current if payments are current in accordance with agreed upon terms:
| 30 - 59 Days |  | 60 - 89 Days |  | 90 Days and Over |  | Total Past Due |  | Current |  | Collateral Dependent Receivables |  | Total Financing Receivables
| (Dollars in thousands)
Commercial Mortgage Loans |  |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2013 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,619,515 |  |  | $ | 6,048 |  |  | $ | 2,625,563 |
December 31, 2012 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,624,163 |  |  | $ | 34,720 |  |  | $ | 2,658,883 |
Impaired Financing Receivables | Financing receivables summarized in the following table represent all loans that we are either not currently collecting or those we feel it is probable we will not collect all amounts due according to the contractual terms of the loan agreements (all loans that we have worked with the borrower to alleviate short-term cash flow issues, loans delinquent for more than 60 days at the reporting date, loans we have determined to be collateral dependent and loans that we have recorded specific impairments on that we feel may continue to have performance issues).
| Recorded Investment |  | Unpaid Principal Balance |  | Related Allowance |  | Average Recorded Investment |  | Interest Income Recognized
| (Dollars in thousands)
September 30, 2013 |  |  |  |  |  |  |  |  |
Mortgage loans with an allowance | $ | 29,937 |  |  | $ | 50,055 |  |  | $ | (20,118 | ) |  | $ | 32,897 |  |  | $ | 2,082 |
Mortgage loans with no related allowance | 18,782 |  |  | 18,782 |  |  | — |  |  | 18,976 |  |  | 799 |
| $ | 48,719 |  |  | $ | 68,837 |  |  | $ | (20,118 | ) |  | $ | 51,873 |  |  | $ | 2,881 |
December 31, 2012 |  |  |  |  |  |  |  |  |
Mortgage loans with an allowance | $ | 29,976 |  |  | $ | 53,110 |  |  | $ | (23,134 | ) |  | $ | 37,480 |  |  | $ | 1,946 |
Mortgage loans with no related allowance | 27,765 |  |  | 27,765 |  |  | — |  |  | 27,696 |  |  | 1,664 |
| $ | 57,741 |  |  | $ | 80,875 |  |  | $ | (23,134 | ) |  | $ | 65,176 |  |  | $ | 3,610 |
Mortgage Loans on Commerical Real Estate Determined to be Troubled Debt Restructurings | Mortgage loan workouts, refinances or restructures that are classified as TDRs are individually evaluated and measured for impairment. A summary of mortgage loans on commercial real estate with outstanding principal at September 30, 2013 and December 31, 2012 that we determined to be TDRs are as follows:
Geographic Region |  | Number of TDRs |  | Principal Balance Outstanding |  | Specific Loan Loss Allowance |  | Net Carrying Amount
|  |  |  | (Dollars in thousands)
September 30, 2013 |  |  |  |  |  |  |  |
East |  | 1 |  | $ | 3,712 |  |  | $ | (949 | ) |  | $ | 2,763 |
Mountain |  | 7 |  | 21,514 |  |  | (631 | ) |  | 20,883 |
South Atlantic |  | 6 |  | 10,792 |  |  | (3,314 | ) |  | 7,478 |
East North Central |  | 1 |  | 2,219 |  |  | (467 | ) |  | 1,752 |
West North Central |  | 1 |  | 1,938 |  |  | — |  |  | 1,938 |
West South Central |  | 1 |  | 1,714 |  |  | (256 | ) |  | 1,458 |
|  | 17 |  | $ | 41,889 |  |  | $ | (5,617 | ) |  | $ | 36,272 |
December 31, 2012 |  |  |  |  |  |  |  |
East |  | 1 |  | $ | 4,208 |  |  | $ | (1,425 | ) |  | $ | 2,783 |
Mountain |  | 10 |  | 28,786 |  |  | (1,702 | ) |  | 27,084 |
South Atlantic |  | 9 |  | 23,358 |  |  | (5,047 | ) |  | 18,311 |
East North Central |  | 1 |  | 2,232 |  |  | (467 | ) |  | 1,765 |
West North Central |  | 3 |  | 9,466 |  |  | (2,328 | ) |  | 7,138 |
|  | 24 |  | $ | 68,050 |  |  | $ | (10,969 | ) |  | $ | 57,081 |

X
- Definition Tabular disclosure summarizing the outstanding principal balance on impaired mortgage loans on real estate evaluated individually and collectively. [Table Text Block] + References No definition available. + Details
Name: | ael_ImpairedMortgageLoansOnRealEstateByBasisOfImpairmentTableTextBlock
Namespace Prefix: | ael_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular presentation of real estate acquired through a foreclosure or a deed in lieu of foreclosure of mortgage loans on commercial real estate. The table rolls forward from period to period the real estate owned at the beginning of the period, adds real estate acquired, deducts real estate sold, and deducts any impairment recognized while the real estate was owned. + References No definition available. + Details
Name: | ael_RealEstateAcquiredViaForeclosureOrDeedInLieuTableTextBlock
Namespace Prefix: | ael_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure itemizing the commercial mortgage loan portfolio by both geographic distribution and property type distribution. + References No definition available. + Details
Name: | ael_ScheduleOfCommercialMortgageLoansByGeographicRegionAndSpecificCollateralPropertyTypeTableTextBlock
Namespace Prefix: | ael_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=7512638&loc=SL6953423-111524 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=7512638&loc=SL6953659-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=7880640&loc=SL6953803-111525 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of impaired financing receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5212-111524 + Details
Name: | us-gaap_ImpairedFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_MortgageLoansOnRealEstateAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5111-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI http://asc.fasb.org/extlink&oid=7512638&loc=SL6953401-111524 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3, 4 -Article 5 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables and troubled debt restructurings. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=7512638&loc=SL6953682-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=7512638&loc=SL6953676-111524 + Details
Name: | us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration