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Schedule II - Condensed Financial Information of Registrant | 12 Months Ended
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Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Schedule II - Condensed Financial Information of Registrant |
| December 31,
| 2016 |  | 2015
Assets |  |  |
Cash and cash equivalents | $ | 36,394 |  |  | $ | 38,903 |
Equity securities of subsidiary trusts | 7,422 |  |  | 7,415 |
Receivable from subsidiaries | 182 |  |  | 207 |
Deferred income taxes | 9,528 |  |  | 11,645 |
Federal income tax recoverable, including amount from subsidiaries | — |  |  | 7,747 |
Other assets | 2,540 |  |  | 2,270 |
| 56,066 |  |  | 68,187 |
Investment in and advances to subsidiaries | 2,992,217 |  |  | 2,526,972 |
Total assets | $ | 3,048,283 |  |  | $ | 2,595,159 |
Liabilities and Stockholders' Equity |  |  |
Liabilities: |  |  |
Notes and loan payable | $ | 493,755 |  |  | $ | 393,227 |
Subordinated debentures payable to subsidiary trusts | 241,853 |  |  | 241,452 |
Federal income tax payable | 3,614 |  |  | — |
Other liabilities | 17,466 |  |  | 15,945 |
Total liabilities | 756,688 |  |  | 650,624 |
Stockholders' equity: |  |  |
Common stock | 88,001 |  |  | 81,354 |
Additional paid-in capital | 770,344 |  |  | 630,367 |
Accumulated other comprehensive income | 339,966 |  |  | 201,663 |
Retained earnings | 1,093,284 |  |  | 1,031,151 |
Total stockholders' equity | 2,291,595 |  |  | 1,944,535 |
Total liabilities and stockholders' equity | $ | 3,048,283 |  |  | $ | 2,595,159 |
See accompanying note to condensed financial statements. See accompanying Report of Independent Registered Public Accounting Firm.
| Year Ended December 31,
| 2016 |  | 2015 |  | 2014
Revenues: |  |  |  |  |
Net investment income | $ | 78 |  |  | $ | 62 |  |  | $ | 130 |
Dividends from subsidiary trusts | 384 |  |  | 363 |  |  | 360 |
Investment advisory fees | 75,706 |  |  | 65,957 |  |  | 58,044 |
Surplus note interest from subsidiary | 4,080 |  |  | 4,080 |  |  | 4,080 |
Change in fair value of derivatives | (810 | ) |  | (8,225 | ) |  | (17,122 | )
Loss on extinguishment of debt | — |  |  | — |  |  | (12,502 | )
Total revenues | 79,438 |  |  | 62,237 |  |  | 32,990 |
Expenses: |  |  |  |  |
Change in fair value of embedded derivatives | — |  |  | (4,516 | ) |  | (15,227 | )
Interest expense on notes and loan payable | 28,248 |  |  | 28,849 |  |  | 36,370 |
Interest expense on subordinated debentures issued to subsidiary trusts | 12,958 |  |  | 12,239 |  |  | 12,122 |
Other operating costs and expenses | 8,551 |  |  | 8,195 |  |  | 7,928 |
Total expenses | 49,757 |  |  | 44,767 |  |  | 41,193 |
Income (loss) before income taxes and equity in undistributed income of subsidiaries | 29,681 |  |  | 17,470 |  |  | (8,203 | )
Income tax expense | 12,073 |  |  | 7,338 |  |  | 664 |
Income (loss) before equity in undistributed income of subsidiaries | 17,608 |  |  | 10,132 |  |  | (8,867 | )
Equity in undistributed income of subsidiaries | 65,635 |  |  | 209,698 |  |  | 134,890 |
Net income | $ | 83,243 |  |  | $ | 219,830 |  |  | $ | 126,023 |
See accompanying note to condensed financial statements. See accompanying Report of Independent Registered Public Accounting Firm.
| Year Ended December 31,
| 2016 |  | 2015 |  | 2014
Operating activities |  |  |  |  |
Net income | $ | 83,243 |  |  | $ | 219,830 |  |  | $ | 126,023 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Change in fair value of 2015 notes embedded conversion derivative | — |  |  | (4,516 | ) |  | (15,227 | )
Provision for depreciation and amortization | 1,946 |  |  | 1,613 |  |  | 2,081 |
Accrual of discount on equity security | (7 | ) |  | (6 | ) |  | (6 | )
Equity in undistributed income of subsidiaries | (65,635 | ) |  | (209,698 | ) |  | (134,890 | )
Accrual of discount on contingent convertible notes | — |  |  | 698 |  |  | 4,417 |
Change in fair value of derivatives | (698 | ) |  | 6,377 |  |  | 15,619 |
Loss on extinguishment of debt | — |  |  | — |  |  | 12,502 |
Accrual of discount on debenture issued to subsidiary trust | 221 |  |  | 207 |  |  | 193 |
Share-based compensation | 818 |  |  | 1,026 |  |  | 1,141 |
ESOP compensation | — |  |  | — |  |  | 82 |
Deferred income taxes | 2,117 |  |  | 8,967 |  |  | 6,439 |
Other | — |  |  | — |  |  | (2,235 | )
Changes in operating assets and liabilities: |  |  |  |  |
Receivable from subsidiaries | (125 | ) |  | 93 |  |  | 2,208 |
Federal income tax recoverable | 11,361 |  |  | 2,683 |  |  | 1,121 |
Other assets | (326 | ) |  | (4 | ) |  | 378 |
Other liabilities | 2,546 |  |  | (1,664 | ) |  | (7,256 | )
Net cash provided by operating activities | 35,461 |  |  | 25,606 |  |  | 12,590 |
Investing activities |  |  |  |  |
Capital contributions to subsidiaries | $ | (255,000 | ) |  | $ | (120,000 | ) |  | $ | — |
Purchases of property, plant and equipment | (54 | ) |  | — |  |  | — |
Net cash used in investing activities | (255,054 | ) |  | (120,000 | ) |  | — |
Financing activities |  |  |  |  |
Financing fees incurred and deferred | $ | (1,456 | ) |  | $ | — |  |  | $ | (100 | )
Repayments of notes payable | — |  |  | (48,152 | ) |  | (219,094 | )
Net proceeds from settlement of notes hedges and warrants | — |  |  | 25,775 |  |  | 16,558 |
Proceeds from issuance of debt | 100,000 |  |  | — |  |  | — |
Excess tax benefits realized from share-based compensation plans | — |  |  | — |  |  | 184 |
Proceeds from issuance of common stock | 139,654 |  |  | 112,481 |  |  | 13,681 |
Dividends paid | (21,114 | ) |  | (17,946 | ) |  | (15,221 | )
Net cash provided by (used in) financing activities | 217,084 |  |  | 72,158 |  |  | (203,992 | )
Decrease in cash and cash equivalents | (2,509 | ) |  | (22,236 | ) |  | (191,402 | )
Cash and cash equivalents at beginning of year | 38,903 |  |  | 61,139 |  |  | 252,541 |
Cash and cash equivalents at end of year | $ | 36,394 |  |  | $ | 38,903 |  |  | $ | 61,139 |
Supplemental disclosures of cash flow information |  |  |  |  |
Cash paid during the year for: |  |  |  |  |
Interest on notes and loan payable | $ | 27,164 |  |  | $ | 27,283 |  |  | $ | 31,206 |
Interest on subordinated debentures | 12,454 |  |  | 11,833 |  |  | 11,765 |
Non-cash financing activity: |  |  |  |  |
Common stock issued in extinguishment of debt | — |  |  | — |  |  | 95,993 |
Common stock issued to settle warrants that have expired | 93 |  |  | 48 |  |  | — |
See accompanying note to condensed financial statements. See accompanying Report of Independent Registered Public Accounting Firm. 1. Basis of Presentation The accompanying condensed financial statements should be read in conjunction with the consolidated financial statements and notes thereto of American Equity Investment Life Holding Company (Parent Company). In the Parent Company financial statements, its investment in and advances to subsidiaries are stated at cost plus equity in undistributed income (losses) of subsidiaries since the date of acquisition and net unrealized gains/losses on the subsidiaries' fixed maturity securities classified as "available for sale" and equity securities. See Notes 9 and 10 to the consolidated financial statements for a description of the Parent Company's notes payable and subordinated debentures payable to subsidiary trusts.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05(c)(Schedule II)) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=68079674&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule I)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
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