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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues:      
Premiums and other considerations $ 32,623us-gaap_PremiumsEarnedNet $ 45,347us-gaap_PremiumsEarnedNet $ 76,675us-gaap_PremiumsEarnedNet
Annuity product charges 118,990us-gaap_InsuranceCommissionsAndFees 103,591us-gaap_InsuranceCommissionsAndFees 89,006us-gaap_InsuranceCommissionsAndFees
Net investment income 1,531,667us-gaap_NetInvestmentIncome 1,383,927us-gaap_NetInvestmentIncome 1,286,923us-gaap_NetInvestmentIncome
Change in fair value of derivatives 504,825us-gaap_DerivativeGainLossOnDerivativeNet 1,076,015us-gaap_DerivativeGainLossOnDerivativeNet 221,138us-gaap_DerivativeGainLossOnDerivativeNet
Net realized gains (losses) on investments, excluding other than temporary impairment (OTTI) losses (4,003)us-gaap_GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments 40,561us-gaap_GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments (6,454)us-gaap_GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
OTTI losses on investments:      
Total OTTI losses 0us-gaap_ImpairmentOfInvestments (4,964)us-gaap_ImpairmentOfInvestments (5,411)us-gaap_ImpairmentOfInvestments
Portion of OTTI losses recognized from other comprehensive income (2,627)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent (1,270)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent (9,521)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
Net OTTI losses recognized in operations (2,627)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet (6,234)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet (14,932)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
Loss on extinguishment of debt (12,502)ael_GainsLossesonExtinguishmentofDebtIncludingFeesAssociatedWithCall (32,515)ael_GainsLossesonExtinguishmentofDebtIncludingFeesAssociatedWithCall 0ael_GainsLossesonExtinguishmentofDebtIncludingFeesAssociatedWithCall
Total revenues 2,168,973us-gaap_Revenues 2,610,692us-gaap_Revenues 1,652,356us-gaap_Revenues
Benefits and expenses:      
Insurance policy benefits and change in future policy benefits 41,815us-gaap_PolicyholderBenefitsAndClaimsIncurredNet 53,071us-gaap_PolicyholderBenefitsAndClaimsIncurredNet 81,481us-gaap_PolicyholderBenefitsAndClaimsIncurredNet
Interest sensitive and index product benefits 1,473,700ael_InterestSensitiveAndIndexProductBenefits 1,272,867ael_InterestSensitiveAndIndexProductBenefits 808,479ael_InterestSensitiveAndIndexProductBenefits
Amortization of deferred sales inducements 131,419us-gaap_DeferredSalesInducementsAmortizationExpense 253,113us-gaap_DeferredSalesInducementsAmortizationExpense 87,157us-gaap_DeferredSalesInducementsAmortizationExpense
Change in fair value of embedded derivatives 32,321us-gaap_EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet 133,968us-gaap_EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet 286,899us-gaap_EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
Interest expense on notes payable 36,370us-gaap_InterestExpenseDebt 38,870us-gaap_InterestExpenseDebt 28,479us-gaap_InterestExpenseDebt
Interest expense on subordinated debentures 12,122us-gaap_InterestExpenseSubordinatedNotesAndDebentures 12,088us-gaap_InterestExpenseSubordinatedNotesAndDebentures 13,458us-gaap_InterestExpenseSubordinatedNotesAndDebentures
Amortization of deferred policy acquisition costs 163,578us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense 365,468us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense 164,919us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense
Other operating costs and expenses 81,584us-gaap_OtherCostAndExpenseOperating 91,915us-gaap_OtherCostAndExpenseOperating 95,495us-gaap_OtherCostAndExpenseOperating
Total benefits and expenses 1,972,909us-gaap_BenefitsLossesAndExpenses 2,221,360us-gaap_BenefitsLossesAndExpenses 1,566,367us-gaap_BenefitsLossesAndExpenses
Income before income taxes 196,064us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 389,332us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 85,989us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense 70,041us-gaap_IncomeTaxExpenseBenefit 136,049us-gaap_IncomeTaxExpenseBenefit 28,191us-gaap_IncomeTaxExpenseBenefit
Net income $ 126,023us-gaap_NetIncomeLoss $ 253,283us-gaap_NetIncomeLoss $ 57,798us-gaap_NetIncomeLoss
Earnings per common share $ 1.69us-gaap_EarningsPerShareBasic $ 3.86us-gaap_EarningsPerShareBasic $ 0.94us-gaap_EarningsPerShareBasic
Earnings per common share - assuming dilution $ 1.58us-gaap_EarningsPerShareDiluted $ 3.38us-gaap_EarningsPerShareDiluted $ 0.89us-gaap_EarningsPerShareDiluted
Weighted average common shares outstanding: earnings per common share 74,431,087us-gaap_WeightedAverageNumberOfSharesOutstandingBasic [1] 65,543,895us-gaap_WeightedAverageNumberOfSharesOutstandingBasic [1] 61,258,825us-gaap_WeightedAverageNumberOfSharesOutstandingBasic [1]
Weighted average common shares outstanding: earnings per common share - assuming dilution 79,893,600us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 75,040,646us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 65,675,651us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
[1] Weighted average common shares outstanding include shares vested under the NMO Deferred Compensation Plan and exclude unallocated shares held by the ESOP.