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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Operating activities      
Net income $ 126,023us-gaap_NetIncomeLoss $ 253,283us-gaap_NetIncomeLoss $ 57,798us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities:      
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
Annuity product charges (118,990)us-gaap_InsuranceCommissionsAndFees (103,591)us-gaap_InsuranceCommissionsAndFees (89,006)us-gaap_InsuranceCommissionsAndFees
Change in fair value of embedded derivatives 32,321us-gaap_EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet 133,968us-gaap_EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet 286,899us-gaap_EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
Increase in traditional life and accident and health insurance reserves 2,385us-gaap_IncreaseDecreaseInInsuranceLiabilities 14,997us-gaap_IncreaseDecreaseInInsuranceLiabilities 35,758us-gaap_IncreaseDecreaseInInsuranceLiabilities
Policy acquisition costs deferred (426,882)us-gaap_DeferredPolicyAcquisitionCostsAdditions (425,800)us-gaap_DeferredPolicyAcquisitionCostsAdditions (403,411)us-gaap_DeferredPolicyAcquisitionCostsAdditions
Amortization of deferred policy acquisition costs 163,578us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense 365,468us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense 164,919us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense
Provision for depreciation and other amortization 9,490us-gaap_DepreciationAndAmortization 18,375us-gaap_DepreciationAndAmortization 18,404us-gaap_DepreciationAndAmortization
Amortization of discounts and premiums on investments (14,960)us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments 6,861us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments (69,828)us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
Loss on extinguishment of debt 12,502us-gaap_GainsLossesOnExtinguishmentOfDebt 32,515us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt
Realized gains/losses on investments and net OTTI losses recognized in operations 6,630us-gaap_GainLossOnInvestments (34,327)us-gaap_GainLossOnInvestments 21,386us-gaap_GainLossOnInvestments
Change in fair value of derivatives (506,328)us-gaap_GainLossOnDerivativeInstrumentsNetPretax (1,076,015)us-gaap_GainLossOnDerivativeInstrumentsNetPretax (221,138)us-gaap_GainLossOnDerivativeInstrumentsNetPretax
Deferred income taxes (benefits) (46,504)us-gaap_DeferredIncomeTaxExpenseBenefit 3,013us-gaap_DeferredIncomeTaxExpenseBenefit (52,336)us-gaap_DeferredIncomeTaxExpenseBenefit
Share-based compensation 3,544us-gaap_ShareBasedCompensation 10,476us-gaap_ShareBasedCompensation 6,552us-gaap_ShareBasedCompensation
Change in accrued investment income (24,918)us-gaap_IncreaseDecreaseInAccruedInvestmentIncomeReceivable (39,808)us-gaap_IncreaseDecreaseInAccruedInvestmentIncomeReceivable (32,896)us-gaap_IncreaseDecreaseInAccruedInvestmentIncomeReceivable
Change in income taxes recoverable/payable (19,405)us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable 5,397us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable 13,197us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
Change in other assets (2,771)us-gaap_IncreaseDecreaseInOtherOperatingAssets 1,113us-gaap_IncreaseDecreaseInOtherOperatingAssets (7,090)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Change in other policy funds and contract claims (60,931)us-gaap_IncreaseDecreaseInOtherPolicyholderFunds (47,445)us-gaap_IncreaseDecreaseInOtherPolicyholderFunds 55,158us-gaap_IncreaseDecreaseInOtherPolicyholderFunds
Change in collateral held for derivatives 27,839ael_IncreaseDecreaseInDerivativeCollateral 236,702ael_IncreaseDecreaseInDerivativeCollateral 99,242ael_IncreaseDecreaseInDerivativeCollateral
Change in other liabilities (51,008)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (11,435)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 5,927us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Other (8,948)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (7,059)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (857)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Net cash provided by operating activities 707,786us-gaap_NetCashProvidedByUsedInOperatingActivities 862,668us-gaap_NetCashProvidedByUsedInOperatingActivities 784,314us-gaap_NetCashProvidedByUsedInOperatingActivities
Sales, maturities, or repayments of investments:      
Fixed maturity securities—available for sale 1,490,906us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 3,456,719us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 3,298,623us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Fixed maturity securities—held for investment 0us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities 0us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities 2,618,207us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
Equity securities—available for sale 0us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity 46,674us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity 13,604us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
Mortgage loans on real estate 453,937us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable 539,240us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable 543,211us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
Derivative instruments 1,169,874us-gaap_ProceedsFromDerivativeInstrumentInvestingActivities 971,432us-gaap_ProceedsFromDerivativeInstrumentInvestingActivities 483,362us-gaap_ProceedsFromDerivativeInstrumentInvestingActivities
Other investments 23,165us-gaap_ProceedsFromSaleAndMaturityOfOtherInvestments 24,050us-gaap_ProceedsFromSaleAndMaturityOfOtherInvestments 33,601us-gaap_ProceedsFromSaleAndMaturityOfOtherInvestments
Acquisitions of investments:      
Fixed maturity securities—available for sale (5,191,781)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt (7,962,150)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt (8,266,692)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt
Mortgage loans on real estate (327,654)us-gaap_PaymentsToAcquireMortgageNotesReceivable (505,953)us-gaap_PaymentsToAcquireMortgageNotesReceivable (386,507)us-gaap_PaymentsToAcquireMortgageNotesReceivable
Derivative instruments (492,296)us-gaap_PaymentsForDerivativeInstrumentInvestingActivities (419,345)us-gaap_PaymentsForDerivativeInstrumentInvestingActivities (379,592)us-gaap_PaymentsForDerivativeInstrumentInvestingActivities
Other investments (72,548)us-gaap_PaymentsToAcquireOtherInvestments (29,015)us-gaap_PaymentsToAcquireOtherInvestments (86,569)us-gaap_PaymentsToAcquireOtherInvestments
Purchases of property, furniture and equipment (1,352)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (948)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (738)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (2,947,749)us-gaap_NetCashProvidedByUsedInInvestingActivities (3,879,296)us-gaap_NetCashProvidedByUsedInInvestingActivities (2,129,490)us-gaap_NetCashProvidedByUsedInInvestingActivities
Financing activities      
Receipts credited to annuity and single premium universal life policyholder account balances 4,160,005us-gaap_ProceedsFromAnnuitiesAndInvestmentCertificates 4,160,346us-gaap_ProceedsFromAnnuitiesAndInvestmentCertificates 3,782,275us-gaap_ProceedsFromAnnuitiesAndInvestmentCertificates
Coinsurance deposits 109,184ael_PaymentsForProceedsFromCoinsuranceDeposits 25,729ael_PaymentsForProceedsFromCoinsuranceDeposits 4,885ael_PaymentsForProceedsFromCoinsuranceDeposits
Return of annuity policyholder account balances (2,025,203)us-gaap_RepaymentsOfAnnuitiesAndInvestmentCertificates (1,763,913)us-gaap_RepaymentsOfAnnuitiesAndInvestmentCertificates (1,575,340)us-gaap_RepaymentsOfAnnuitiesAndInvestmentCertificates
Financing fees incurred and deferred (100)us-gaap_PaymentsOfFinancingCosts (11,942)us-gaap_PaymentsOfFinancingCosts 0us-gaap_PaymentsOfFinancingCosts
Proceeds from notes payable 0us-gaap_ProceedsFromLinesOfCredit 415,000us-gaap_ProceedsFromLinesOfCredit 0us-gaap_ProceedsFromLinesOfCredit
Repayment of notes payable (219,094)us-gaap_RepaymentsOfNotesPayable (234,154)us-gaap_RepaymentsOfNotesPayable 0us-gaap_RepaymentsOfNotesPayable
Net proceeds from settlement of notes hedge and warrants 16,558ael_PurchaseOfCallSpread2015NotesHedges 22,170ael_PurchaseOfCallSpread2015NotesHedges 0ael_PurchaseOfCallSpread2015NotesHedges
Repayment of subordinated debentures 0us-gaap_RepaymentsOfSubordinatedDebt 0us-gaap_RepaymentsOfSubordinatedDebt (1,141)us-gaap_RepaymentsOfSubordinatedDebt
Excess tax benefits realized from share-based compensation plans 5,184us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 4,043us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 481us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Proceeds from issuance of common stock 13,681us-gaap_ProceedsFromIssuanceOfCommonStock 31,764us-gaap_ProceedsFromIssuanceOfCommonStock 5,741us-gaap_ProceedsFromIssuanceOfCommonStock
Change in checks in excess of cash balance (1,252)us-gaap_IncreaseDecreaseInOutstandingChecksFinancingActivities 9,212us-gaap_IncreaseDecreaseInOutstandingChecksFinancingActivities 1,071us-gaap_IncreaseDecreaseInOutstandingChecksFinancingActivities
Dividends paid (15,015)us-gaap_PaymentsOfDividendsCommonStock (12,643)us-gaap_PaymentsOfDividendsCommonStock (9,203)us-gaap_PaymentsOfDividendsCommonStock
Net cash provided by (used in) financing activities 2,043,948us-gaap_NetCashProvidedByUsedInFinancingActivities 2,645,612us-gaap_NetCashProvidedByUsedInFinancingActivities 2,208,769us-gaap_NetCashProvidedByUsedInFinancingActivities
Increase (decrease) in cash and cash equivalents (196,015)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (371,016)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 863,593us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 897,529us-gaap_CashAndCashEquivalentsAtCarryingValue 1,268,545us-gaap_CashAndCashEquivalentsAtCarryingValue 404,952us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year 701,514us-gaap_CashAndCashEquivalentsAtCarryingValue 897,529us-gaap_CashAndCashEquivalentsAtCarryingValue 1,268,545us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid during the year for:      
Interest expense 42,989us-gaap_InterestPaid 25,608us-gaap_InterestPaid 27,666us-gaap_InterestPaid
Cash paid during period for income taxes:      
Income taxes 132,754us-gaap_IncomeTaxesPaid 128,225us-gaap_IncomeTaxesPaid 67,450us-gaap_IncomeTaxesPaid
Income tax refunds received 0us-gaap_ProceedsFromIncomeTaxRefunds 0us-gaap_ProceedsFromIncomeTaxRefunds 512us-gaap_ProceedsFromIncomeTaxRefunds
Non-cash operating activity:      
Deferral of sales inducements 330,079us-gaap_DeferredSalesInducementsAdditions 337,787us-gaap_DeferredSalesInducementsAdditions 306,659us-gaap_DeferredSalesInducementsAdditions
Non-cash investing and financing activities:      
Real estate acquired in satisfaction of mortgage loans 14,555us-gaap_TransferOfOtherRealEstate 8,217us-gaap_TransferOfOtherRealEstate 26,324us-gaap_TransferOfOtherRealEstate
Conversion of subordinated debentures 0ael_ValueOfSubordinatedDebenturesConvertedDuringPeriod 0ael_ValueOfSubordinatedDebenturesConvertedDuringPeriod 20,770ael_ValueOfSubordinatedDebenturesConvertedDuringPeriod
Common stock issued in extinguishment of debt $ 95,993us-gaap_StockIssuedDuringPeriodValueOther $ 117,463us-gaap_StockIssuedDuringPeriodValueOther $ 0us-gaap_StockIssuedDuringPeriodValueOther