Schedule I—Summary of Investments—

Other Than Investments in Related Parties

AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY

December 31, 2014



Column A	Column B		Column C		Column D
Type of Investment	Amortized Cost (1)		Fair Value		Amount at which shown in the balance sheet
	(Dollars in thousands)
Fixed maturity securities:
Available for sale:
United States Government full faith and credit	$	137,710	$	138,460	$	138,460
United States Government sponsored agencies	1,364,424		1,393,890		1,393,890
United States municipalities, states and territories	3,293,551		3,723,309		3,723,309
Foreign government obligations	181,128		193,803		193,803
Corporate securities	19,984,747		21,490,292		21,490,292
Residential mortgage backed securities	1,616,846		1,751,345		1,751,345
Commercial mortgage backed securities	2,720,294		2,807,620		2,807,620
Other asset backed securities	906,346		946,483		946,483
	30,205,046		32,445,202		32,445,202
Held for investment:
Corporate security	76,432		75,838		76,432
Total fixed maturity securities	30,281,478		32,521,040		32,521,634
Equity securities, available for sale:
Common stocks	7,509		7,805		7,805
Total equity securities	7,509		7,805		7,805
Mortgage loans on real estate	2,434,580		2,493,901		2,434,580
Derivative instruments	259,413		731,113		731,113
Other investments	286,726				286,726
Total investments	$	33,269,706			$	35,981,858


(1)	On the basis of cost adjusted for other than temporary impairments, repayments and amortization of premiums and accrual of discounts for fixed maturity securities and short-term investments, original cost for derivative instruments and unpaid principal balance less allowance for credit losses for mortgage loans.

See accompanying Report of Independent Registered Public Accounting Firm.