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Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Premiums and other considerations $ 2,839 $ 15,841 $ 16,748 $ 43,649
Annuity product charges 60,819 58,480 168,688 182,321
Net investment income 609,737 526,366 1,769,468 1,522,876
Change in fair value of derivatives (176,671) (70,701) (1,160,371) 826,484
Net realized gains (losses) on investments (15,860) 4,933 (62,259) (2,764)
Other revenue 10,989 7,644 28,773 7,644
Total revenues 491,853 542,563 761,047 2,580,210
Benefits and expenses:        
Insurance policy benefits and change in future policy benefits 5,707 18,756 25,436 51,008
Interest sensitive and index product benefits 121,890 817,014 729,407 2,106,590
Amortization of deferred sales inducements 127,784 (17,172) 361,775 93,283
Change in fair value of embedded derivatives (415,374) (536,404) (2,695,007) (545,104)
Interest expense on notes payable 8,984 6,535 21,870 19,322
Interest expense on subordinated debentures 1,333 1,342 3,996 3,994
Amortization of deferred policy acquisition costs 183,182 (1,588) 550,962 185,329
Other operating costs and expenses 59,532 56,518 177,575 177,433
Total benefits and expenses 93,038 345,001 (823,986) 2,091,855
Income before income taxes 398,815 197,562 1,585,033 488,355
Income tax expense 86,214 44,697 345,633 107,500
Net income 312,601 152,865 1,239,400 380,855
Less: Net income (loss) available to noncontrolling interests 1 0 (3) 0
Net income available to American Equity Investment Life Holding Company stockholders 312,600 152,865 1,239,403 380,855
Less: Preferred stock dividends 10,918 10,918 32,756 32,756
Net income available to American Equity Investment Life Holding Company common stockholders $ 301,682 $ 141,947 $ 1,206,647 $ 348,099
Earnings per common share $ 3.44 $ 1.53 $ 13.07 $ 3.69
Earnings per common share - assuming dilution $ 3.41 $ 1.53 $ 12.94 $ 3.67
Weighted average common shares outstanding: earnings per common share 87,707,426 92,478,154 92,338,919 94,325,984
Weighted average common shares outstanding: earnings per common share - assuming dilution 88,581,138 93,043,660 93,269,515 94,867,400