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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Investments:    
Fixed maturity securities, available for sale, at fair value (amortized cost of $49,364,915 as of 2022 and $46,999,183 as of 2021; allowance for credit losses of $6,577 as of 2022 and $2,846 as of 2021) $ 49,662,120 $ 51,305,943
Mortgage loans on real estate (net of allowance for credit losses of $29,269 as of 2022 and $24,024 as of 2021) 5,734,872 5,687,998
Derivative instruments 642,413 1,277,480
Other investments (2022 and 2021 include $350,621 and $168,711 related to consolidated variable interest entities) 1,999,113 1,767,144
Total investments 58,548,706 60,376,504
Cash and cash equivalents (2022 and 2021 include $30,067 and $23,763 related to consolidated variable interest entities) 1,933,899 4,508,982
Coinsurance deposits (net of allowance for credit losses of $2,862 as of 2022 and $2,264 as of 2021) 8,713,069 8,850,608
Accrued investment income (2022 and 2021 include $908 and $3 related to consolidated variable interest entities) 483,902 445,097
Deferred policy acquisition costs 2,840,938 2,222,769
Deferred sales inducements 1,957,518 1,546,073
Income taxes recoverable 166,067 166,586
Other assets (2022 and 2021 include $2,272 and $1,524 related to consolidated variable interest entities) 255,245 232,490
Total assets 74,899,344 78,349,109
Liabilities:    
Policy benefit reserves 63,730,995 65,477,778
Other policy funds and contract claims 425,308 226,844
Notes payable 496,425 496,250
Subordinated debentures 78,502 78,421
Deferred income taxes 219,013 541,972
Funds withheld for reinsurance liabilities 3,003,062 3,124,740
Other liabilities (2022 and 2021 include $64,598 and $20,168 related to consolidated variable interest entities) 1,773,869 2,079,977
Total liabilities 69,727,174 72,025,982
Stockholders' equity:    
Common stock; par value $1 per share; 200,000,000 shares authorized; issued and outstanding: 2022 - 95,019,904 shares (excluding 14,326,518 treasury shares); 2021 - 92,513,517 shares (excluding 9,936,715 treasury shares) 95,020 92,514
Additional paid-in capital 1,689,606 1,614,374
Accumulated other comprehensive income 63,706 1,848,789
Retained earnings 3,322,726 2,767,422
Total stockholders' equity attributable to American Equity Investment Life Holding Company 5,171,086 6,323,127
Noncontrolling interests 1,084 0
Total stockholders' equity 5,172,170 6,323,127
Total liabilities and stockholders' equity 74,899,344 78,349,109
Variable Interest Entities    
Investments:    
Real estate investments related to consolidated variable interest entities 510,188 337,939
Other investments (2022 and 2021 include $350,621 and $168,711 related to consolidated variable interest entities) 350,621 168,711
Cash and cash equivalents (2022 and 2021 include $30,067 and $23,763 related to consolidated variable interest entities) 30,067 23,763
Accrued investment income (2022 and 2021 include $908 and $3 related to consolidated variable interest entities) 908 3
Other assets (2022 and 2021 include $2,272 and $1,524 related to consolidated variable interest entities) 2,272 1,524
Total assets 894,056 531,940
Liabilities:    
Other liabilities (2022 and 2021 include $64,598 and $20,168 related to consolidated variable interest entities) 64,598 20,168
Total liabilities 64,598 20,168
Preferred Stock, Series A    
Stockholders' equity:    
Preferred stock 16 16
Preferred Stock, Series B    
Stockholders' equity:    
Preferred stock $ 12 $ 12