XML 20 R3.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Investments [Abstract]    
Fixed maturity securities, available for sale, at fair value (amortized cost of $44,866,019 as of 2022 and $46,999,183 as of 2021; allowance for credit losses of $3,347 as of 2022 and $2,846 as of 2021) $ 39,804,617 $ 51,305,943
Mortgage loans on real estate (net of allowance for credit losses of $36,972 as of 2022 and $24,024 as of 2021) 6,949,027 5,687,998
Limited partnerships and limited liability companies (2022 and 2021 include $684,834 and $168,711 related to consolidated variable interest entities) 1,266,779 520,120
Derivative instruments 431,727 1,277,480
Other investments 1,817,085 1,247,024
Total investments 51,325,298 60,376,504
Cash and cash equivalents (2022 and 2021 include $27,235 and $23,763 related to consolidated variable interest entities) 1,919,669 4,508,982
Coinsurance deposits (net of allowance for credit losses of $8,737 as of 2022 and $2,264 as of 2021) 13,208,399 8,850,608
Accrued investment income (2022 and 2021 include $3,444 and $3 related to consolidated variable interest entities) 497,851 445,097
Deferred policy acquisition costs 3,562,075 2,222,769
Deferred sales inducements 2,593,350 1,546,073
Deferred income taxes 220,873 0
Income taxes recoverable 55,498 166,586
Other assets (2022 and 2021 include $10,690 and $1,524 related to consolidated variable interest entities) 543,128 232,490
Total assets 73,926,141 78,349,109
Liabilities:    
Policy benefit reserves 61,118,134 65,477,778
Other policy funds and contract claims 512,790 226,844
Notes and loan payable 792,073 496,250
Subordinated debentures 78,753 78,421
Deferred income taxes 0 541,972
Funds withheld for reinsurance liabilities 6,577,426 3,124,740
Other liabilities (2022 and 2021 include $78,644 and $20,168 related to consolidated variable interest entities) 1,656,509 2,079,977
Total liabilities 70,735,685 72,025,982
Stockholders' equity:    
Common stock; par value $1 per share; 200,000,000 shares authorized; issued and outstanding: 2022 - 84,810,255 shares (excluding 24,590,353 treasury shares); 2021 - 92,513,517 shares (excluding 9,936,715 treasury shares) 84,810 92,514
Additional paid-in capital 1,325,316 1,614,374
Accumulated other comprehensive income (loss) (2,155,055) 1,848,789
Retained earnings 3,914,124 2,767,422
Total stockholders' equity attributable to American Equity Investment Life Holding Company 3,169,223 6,323,127
Noncontrolling interests 21,233 0
Total stockholders' equity 3,190,456 6,323,127
Total liabilities and stockholders' equity 73,926,141 78,349,109
Variable Interest Entities    
Investments [Abstract]    
Real estate investments related to consolidated variable interest entities 1,056,063 337,939
Limited partnerships and limited liability companies (2022 and 2021 include $684,834 and $168,711 related to consolidated variable interest entities) 684,834 168,711
Cash and cash equivalents (2022 and 2021 include $27,235 and $23,763 related to consolidated variable interest entities) 27,235 23,763
Accrued investment income (2022 and 2021 include $3,444 and $3 related to consolidated variable interest entities) 3,444 3
Other assets (2022 and 2021 include $10,690 and $1,524 related to consolidated variable interest entities) 10,690 1,524
Total assets 1,782,266 531,940
Liabilities:    
Other liabilities (2022 and 2021 include $78,644 and $20,168 related to consolidated variable interest entities) 78,644 20,168
Total liabilities 78,644 20,168
Preferred Stock, Series A    
Stockholders' equity:    
Preferred stock 16 16
Preferred Stock, Series B    
Stockholders' equity:    
Preferred stock $ 12 $ 12