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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Investments:    
Fixed maturity securities, available for sale, at fair value (amortized cost of $46,505,721 as of 2022 and $46,999,183 as of 2021; allowance for credit losses of $4,920 as of 2022 and $2,846 as of 2021) $ 41,087,911 $ 51,305,943
Mortgage loans on real estate (net of allowance for credit losses of $35,604 as of 2022 and $24,024 as of 2021) 6,601,445 5,687,998
Derivative instruments 196,656 1,277,480
Other investments (2022 and 2021 include $577,445 and $168,711 related to consolidated variable interest entities) 2,636,152 1,767,144
Total investments 51,419,837 60,376,504
Cash and cash equivalents (2022 and 2021 include $32,677 and $23,763 related to consolidated variable interest entities) 1,808,132 4,508,982
Coinsurance deposits (net of allowance for credit losses of $7,729 as of 2022 and $2,264 as of 2021) 8,848,418 8,850,608
Accrued investment income (2022 and 2021 include $2,085 and $3 related to consolidated variable interest entities) 516,649 445,097
Deferred policy acquisition costs 3,878,343 2,222,769
Deferred sales inducements 2,649,102 1,546,073
Deferred income taxes 246,492 0
Income taxes recoverable 103,838 166,586
Other assets (2022 and 2021 include $10,381 and $1,524 related to consolidated variable interest entities) 714,186 232,490
Total assets 70,184,997 78,349,109
Liabilities:    
Policy benefit reserves 61,137,017 65,477,778
Other policy funds and contract claims 266,425 226,844
Notes and loan payable 794,831 496,250
Subordinated debentures 78,668 78,421
Deferred income taxes 0 541,972
Funds withheld for reinsurance liabilities 3,235,894 3,124,740
Other liabilities (2022 and 2021 include $133,213 and $20,168 related to consolidated variable interest entities) 1,461,534 2,079,977
Total liabilities 66,974,369 72,025,982
Stockholders' equity:    
Common stock; par value $1 per share; 200,000,000 shares authorized; issued and outstanding: 2022 - 85,966,505 shares (excluding 23,432,644 treasury shares); 2021 - 92,513,517 shares (excluding 9,936,715 treasury shares) 85,967 92,514
Additional paid-in capital 1,362,022 1,614,374
Accumulated other comprehensive income (loss) (2,214,388) 1,848,789
Retained earnings 3,974,069 2,767,422
Total stockholders' equity attributable to American Equity Investment Life Holding Company 3,207,698 6,323,127
Noncontrolling interests 2,930 0
Total stockholders' equity 3,210,628 6,323,127
Total liabilities and stockholders' equity 70,184,997 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 897,673 337,939
Other investments (2022 and 2021 include $577,445 and $168,711 related to consolidated variable interest entities) 577,445 168,711
Cash and cash equivalents (2022 and 2021 include $32,677 and $23,763 related to consolidated variable interest entities) 32,677 23,763
Accrued investment income (2022 and 2021 include $2,085 and $3 related to consolidated variable interest entities) 2,085 3
Other assets (2022 and 2021 include $10,381 and $1,524 related to consolidated variable interest entities) 10,381 1,524
Total assets 1,520,261 531,940
Liabilities:    
Other liabilities (2022 and 2021 include $133,213 and $20,168 related to consolidated variable interest entities) 133,213 20,168
Total liabilities $ 133,213 $ 20,168