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Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Premiums and other considerations $ 10,078 $ 13,213
Annuity product charges 52,355 60,082
Net investment income 567,423 497,190
Change in fair value of derivatives (477,519) 396,305
Net realized losses on investments (13,127) (4,583)
Other revenue 8,589 0
Total revenues 147,799 962,207
Benefits and expenses:    
Insurance policy benefits and change in future policy benefits 12,638 16,424
Interest sensitive and index product benefits 372,662 476,595
Amortization of deferred sales inducements 143,545 122,975
Change in fair value of embedded derivatives (1,393,649) (282,413)
Interest expense on notes payable 6,425 6,393
Interest expense on subordinated debentures 1,317 1,326
Amortization of deferred policy acquisition costs 225,426 203,823
Other operating costs and expenses 58,120 55,865
Total benefits and expenses (573,516) 600,988
Income before income taxes 721,315 361,219
Income tax expense 155,092 78,535
Net income 566,223 282,684
Less: Net income available to noncontrolling interests 0 0
Net income available to American Equity Investment Life Holding Company stockholders 566,223 282,684
Less: Preferred stock dividends 10,919 10,919
Net income available to American Equity Investment Life Holding Company common stockholders $ 555,304 $ 271,765
Earnings per common share $ 5.73 $ 2.84
Earnings per common share - assuming dilution $ 5.67 $ 2.82
Weighted average common shares outstanding: earnings per common share 96,866,125 95,734,851
Weighted average common shares outstanding: earnings per common share - assuming dilution 97,953,313 96,215,665