Schedule V - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2020

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule V - Valuation and Qualifying Accounts

Schedule V—Valuation and Qualifying Accounts

AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY


	Balance January 1,		Charged to Costs and Expenses		Translation Adjustment		Write-offs/ Payments/Other		Balance December 31,
	(Dollars in thousands)
Year ended December 31, 2020 (1)
Valuation allowance on mortgage loans	$	(17,779)	$	(15,447)	$	—	$	2,197	$	(31,029)
Valuation allowance on available for sale fixed maturity securities	—		(94,560)		—		29,789		(64,771)
Valuation allowance on coinsurance deposits	(3,238)		1,350		—		—		(1,888)

Year ended December 31, 2019
Valuation allowance on mortgage loans	$	(8,239)	$	(940)	$	—	$	—	$	(9,179)

Year ended December 31, 2018
Valuation allowance on mortgage loans	$	(7,518)	$	(3,165)	$	—	$	2,444	$	(8,239)

See accompanying Report of Independent Registered Public Accounting Firm.

(1) Upon adoption of authoritative guidance effective January 1, 2020, we updated our accounting policies and methodology for calculating the valuation allowance on mortgage loans, available for sale fixed maturity securities and coinsurance deposits, resulting in an adjustment to the valuation allowances. See Note 1 - Significant Accounting Policies for further details.