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Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Premiums and other considerations $ 3,831 $ 14,595 $ 13,909 $ 27,808
Annuity product charges 55,514 63,759 107,869 123,841
Net investment income 592,308 499,320 1,159,731 996,510
Change in fair value of derivatives (506,181) 500,880 (983,700) 897,185
Net realized losses on investments (33,272) (3,114) (46,399) (7,697)
Other revenue 9,195 0 17,784 0
Total revenues 121,395 1,075,440 269,194 2,037,647
Benefits and expenses:        
Insurance policy benefits and change in future policy benefits 7,091 15,828 19,729 32,252
Interest sensitive and index product benefits 234,855 812,981 607,517 1,289,576
Amortization of deferred sales inducements 90,446 (12,520) 233,991 110,455
Change in fair value of embedded derivatives (885,984) 273,713 (2,279,633) (8,700)
Interest expense on notes payable 6,461 6,394 12,886 12,787
Interest expense on subordinated debentures 1,346 1,326 2,663 2,652
Amortization of deferred policy acquisition costs 142,354 (16,906) 367,780 186,917
Other operating costs and expenses 59,923 65,050 118,043 120,915
Total benefits and expenses (343,508) 1,145,866 (917,024) 1,746,854
Income (loss) before income taxes 464,903 (70,426) 1,186,218 290,793
Income tax expense (benefit) 104,327 (15,732) 259,419 62,803
Net income (loss) 360,576 (54,694) 926,799 227,990
Less: Net income (loss) available to noncontrolling interests (4) 0 (4) 0
Net income (loss) available to American Equity Investment Life Holding Company stockholders 360,580 (54,694) 926,803 227,990
Less: Preferred stock dividends 10,919 10,919 21,838 21,838
Net income (loss) available to American Equity Investment Life Holding Company common stockholders $ 349,661 $ (65,613) $ 904,965 $ 206,152
Earnings (loss) per common share $ 3.78 $ (0.69) $ 9.56 $ 2.16
Earnings (loss) per common share - assuming dilution $ 3.74 $ (0.69) $ 9.46 $ 2.15
Weighted average common shares outstanding: earnings (loss) per common share 92,543,850 94,800,734 94,693,048 95,265,212
Weighted average common shares outstanding: earnings (loss) per common share - assuming dilution 93,374,738 95,378,663 95,652,085 95,794,584