XML 49 R33.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Investments (Schedule of Fixed Maturity Securities) (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Jun. 30, 2022 | Dec. 31, 2021 | Sep. 30, 2021 | Jun. 30, 2021 | Dec. 31, 2020
--- | --- | --- | --- | --- | --- | ---
Debt Securities, Available-for-sale [Line Items] |  |  |  |  |  |  |
Fixed maturity securities, available for sale, amortized cost | [1] | $ 46,505,721 |  | $ 46,999,183 |  |  |
Fixed maturity securities, available for sale, gross unrealized gains |  | 261,877 |  | 4,421,976 |  |  |
Fixed maturity securities, available for sale, gross unrealized losses | [2] | (5,674,767) |  | (112,370) |  |  |
Fixed maturity securities, available for sale, allowance for credit losses |  | (4,920) | $ (6,187) | (2,846) | $ (4,074) | $ (14,190) | $ (64,771)
Fixed maturity securities, available for sale, fair value |  | 41,087,911 |  | 51,305,943 |  |  |
Accrued interest receivable |  | 460,600 |  | 400,700 |  |  |
U.S. Government and Agencies |  |  |  |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |  |  |  |
Fixed maturity securities, available for sale, amortized cost | [1] | 172,754 |  | 1,046,029 |  |  |
Fixed maturity securities, available for sale, gross unrealized gains |  | 322 |  | 32,841 |  |  |
Fixed maturity securities, available for sale, gross unrealized losses | [2] | (3,538) |  | (124) |  |  |
Fixed maturity securities, available for sale, allowance for credit losses |  | 0 |  | 0 |  |  |
Fixed maturity securities, available for sale, fair value |  | 169,538 |  | 1,078,746 |  |  |
States, Municipalities and Territories |  |  |  |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |  |  |  |
Fixed maturity securities, available for sale, amortized cost | [1] | 4,558,007 |  | 3,495,563 |  |  |
Fixed maturity securities, available for sale, gross unrealized gains |  | 42,882 |  | 437,456 |  |  |
Fixed maturity securities, available for sale, gross unrealized losses | [2] | (557,999) |  | (3,042) |  |  |
Fixed maturity securities, available for sale, allowance for credit losses |  | 0 | (1,834) | (2,776) | (2,772) | (3,347) | (2,844)
Fixed maturity securities, available for sale, fair value |  | 4,042,890 |  | 3,927,201 |  |  |
Foreign Corporate Securities and Foreign Governments |  |  |  |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |  |  |  |
Fixed maturity securities, available for sale, amortized cost | [1] | 941,787 |  | 380,646 |  |  |
Fixed maturity securities, available for sale, gross unrealized gains |  | 15,982 |  | 22,742 |  |  |
Fixed maturity securities, available for sale, gross unrealized losses | [2] | (98,706) |  | (843) |  |  |
Fixed maturity securities, available for sale, allowance for credit losses |  | 0 |  | 0 |  |  |
Fixed maturity securities, available for sale, fair value |  | 859,063 |  | 402,545 |  |  |
Corporate Securities |  |  |  |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |  |  |  |
Fixed maturity securities, available for sale, amortized cost | [1] | 30,804,074 |  | 31,084,629 |  |  |
Fixed maturity securities, available for sale, gross unrealized gains |  | 185,050 |  | 3,614,047 |  |  |
Fixed maturity securities, available for sale, gross unrealized losses | [2] | (4,091,802) |  | (38,442) |  |  |
Fixed maturity securities, available for sale, allowance for credit losses |  | (3,214) | (3,743) | 0 | (1,006) | (10,723) | (60,193)
Fixed maturity securities, available for sale, fair value |  | 26,894,108 |  | 34,660,234 |  |  |
Residential Mortgage Backed Securities |  |  |  |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |  |  |  |
Fixed maturity securities, available for sale, amortized cost | [1] | 1,465,458 |  | 1,056,778 |  |  |
Fixed maturity securities, available for sale, gross unrealized gains |  | 16,369 |  | 70,434 |  |  |
Fixed maturity securities, available for sale, gross unrealized losses | [2] | (107,380) |  | (2,093) |  |  |
Fixed maturity securities, available for sale, allowance for credit losses |  | (1,706) | $ (610) | (70) | $ (296) | $ (120) | $ (1,734)
Fixed maturity securities, available for sale, fair value |  | 1,372,741 |  | 1,125,049 |  |  |
Commercial Mortgage Backed Securities |  |  |  |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |  |  |  |
Fixed maturity securities, available for sale, amortized cost | [1] | 4,076,549 |  | 4,708,878 |  |  |
Fixed maturity securities, available for sale, gross unrealized gains |  | 1,046 |  | 149,152 |  |  |
Fixed maturity securities, available for sale, gross unrealized losses | [2] | (370,635) |  | (17,719) |  |  |
Fixed maturity securities, available for sale, allowance for credit losses |  | 0 |  | 0 |  |  |
Fixed maturity securities, available for sale, fair value |  | 3,706,960 |  | 4,840,311 |  |  |
Other Asset Backed Securities |  |  |  |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |  |  |  |
Fixed maturity securities, available for sale, amortized cost | [1] | 4,487,092 |  | 5,226,660 |  |  |
Fixed maturity securities, available for sale, gross unrealized gains |  | 226 |  | 95,304 |  |  |
Fixed maturity securities, available for sale, gross unrealized losses | [2] | (444,707) |  | (50,107) |  |  |
Fixed maturity securities, available for sale, allowance for credit losses |  | 0 |  | 0 |  |  |
Fixed maturity securities, available for sale, fair value |  | $ 4,042,611 |  | $ 5,271,857 |  |  |
[1] | Amortized cost excludes accrued interest receivable of $460.6 million and $400.7 million as of September 30, 2022 and December 31, 2021, respectively.
[2] | Gross unrealized losses are net of allowance for credit losses.

X
- Definition Amount, before tax, of unrealized gain in accumulated other comprehensive income (AOCI) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27161-111563 + Details
Name: | us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount, before tax, of unrealized loss in accumulated other comprehensive income (AOCI) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27161-111563 + Details
Name: | us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount, after allowance for credit loss, of accrued interest on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124258926&loc=SL82898722-210454 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 50 -Paragraph 3A -URI https://asc.fasb.org/extlink&oid=124269663&loc=SL120267853-210455 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2A -URI https://asc.fasb.org/extlink&oid=126970911&loc=SL121698322-111563 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 50 -Paragraph 3B -URI https://asc.fasb.org/extlink&oid=124269663&loc=SL120267856-210455 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount excluding accrued interest, of allowance for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124258926&loc=SL82898722-210454 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amortized cost excluding accrued interest, before allowance for credit loss, of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124258926&loc=SL82898722-210454 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount excluding accrued interest, of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124258926&loc=SL82898722-210454 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_USTreasuryAndGovernmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=ael_ForeignCorporateAndForeignGovernmentDebtSecuritiesMemberMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_CorporateDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_AssetBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |