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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Investments:    
Fixed maturity securities, available for sale, at fair value (amortized cost of $48,468,027 as of 2022 and $46,999,183 as of 2021; allowance for credit losses of $6,187 as of 2022 and $2,846 as of 2021) $ 45,323,775 $ 51,305,943
Mortgage loans on real estate (net of allowance for credit losses of $32,388 as of 2022 and $24,024 as of 2021) 6,228,616 5,687,998
Derivative instruments 200,781 1,277,480
Other investments (2022 and 2021 include $548,576 and $168,711 related to consolidated variable interest entities) 2,112,169 1,767,144
Total investments 54,537,816 60,376,504
Cash and cash equivalents (2022 and 2021 include $33,525 and $23,763 related to consolidated variable interest entities) 1,287,225 4,508,982
Coinsurance deposits (net of allowance for credit losses of $6,644 as of 2022 and $2,264 as of 2021) 8,600,297 8,850,608
Accrued investment income (2022 and 2021 include $1,378 and $3 related to consolidated variable interest entities) 492,539 445,097
Deferred policy acquisition costs 3,474,319 2,222,769
Deferred sales inducements 2,380,288 1,546,073
Deferred income taxes 76,936 0
Income taxes recoverable 135,241 166,586
Other assets (2022 and 2021 include $4,430 and $1,524 related to consolidated variable interest entities) 678,605 232,490
Total assets 71,663,266 78,349,109
Liabilities:    
Policy benefit reserves 62,280,575 65,477,778
Other policy funds and contract claims 522,763 226,844
Notes payable 496,552 496,250
Subordinated debentures 78,584 78,421
Deferred income taxes 0 541,972
Funds withheld for reinsurance liabilities 2,936,366 3,124,740
Other liabilities (2022 and 2021 include $75,176 and $20,168 related to consolidated variable interest entities) 1,465,040 2,079,977
Total liabilities 67,779,880 72,025,982
Stockholders' equity:    
Common stock; par value $1 per share; 200,000,000 shares authorized; issued and outstanding: 2022 - 90,168,512 shares (excluding 19,220,002 treasury shares); 2021 - 92,513,517 shares (excluding 9,936,715 treasury shares) 90,169 92,514
Additional paid-in capital 1,507,601 1,614,374
Accumulated other comprehensive income (loss) (1,387,968) 1,848,789
Retained earnings 3,672,387 2,767,422
Total stockholders' equity attributable to American Equity Investment Life Holding Company 3,882,217 6,323,127
Noncontrolling interests 1,169 0
Total stockholders' equity 3,883,386 6,323,127
Total liabilities and stockholders' equity 71,663,266 78,349,109
Preferred Stock, Series A    
Stockholders' equity:    
Preferred stock 16 16
Preferred Stock, Series B    
Stockholders' equity:    
Preferred stock 12 12
Variable Interest Entities    
Investments:    
Real estate investments related to consolidated variable interest entities 672,475 337,939
Other investments (2022 and 2021 include $548,576 and $168,711 related to consolidated variable interest entities) 548,576 168,711
Cash and cash equivalents (2022 and 2021 include $33,525 and $23,763 related to consolidated variable interest entities) 33,525 23,763
Accrued investment income (2022 and 2021 include $1,378 and $3 related to consolidated variable interest entities) 1,378 3
Other assets (2022 and 2021 include $4,430 and $1,524 related to consolidated variable interest entities) 4,430 1,524
Total assets 1,260,384 531,940
Liabilities:    
Other liabilities (2022 and 2021 include $75,176 and $20,168 related to consolidated variable interest entities) 75,176 20,168
Total liabilities $ 75,176 $ 20,168