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Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Premiums and other considerations $ 19,739 $ 58,202 $ 39,382
Annuity product charges 230,354 242,631 251,227
Net investment income 2,307,463 2,037,475 2,182,078
Change in fair value of derivatives (1,138,128) 1,348,735 34,666
Net realized losses on investments (47,848) (13,242) (80,680)
Other revenue 43,921 15,670 0
Loss on extinguishment of debt 0 0 (2,024)
Total revenues 1,415,501 3,689,471 2,424,649
Benefits and expenses:      
Insurance policy benefits and change in future policy benefits 31,099 67,983 49,742
Interest sensitive and index product benefits 889,650 2,681,406 1,543,270
Amortization of deferred sales inducements 408,548 152,692 438,164
Change in fair value of embedded derivatives (2,352,598) (358,302) (1,286,787)
Interest expense on notes and loan payable 32,098 25,581 25,552
Interest expense on subordinated debentures 5,331 5,324 5,557
Amortization of deferred policy acquisition costs 615,300 268,328 649,554
Other operating costs and expenses 239,616 243,712 183,636
Total benefits and expenses (130,956) 3,086,724 1,608,688
Income before income taxes 1,546,457 602,747 815,961
Income tax expense 325,155 128,755 144,501
Net income 1,221,302 473,992 671,460
Less: Net income available to noncontrolling interests 358 0 0
Net income available to American Equity Investment Life Holding Company stockholders 1,220,944 473,992 671,460
Less: Preferred stock dividends 43,675 43,675 33,515
Net income available to American Equity Investment Life Holding Company common stockholders $ 1,177,269 $ 430,317 $ 637,945
Earnings per common share $ 13.00 $ 4.58 $ 6.93
Earnings per common share - assuming dilution $ 12.86 $ 4.55 $ 6.90
Weighted average common shares outstanding: earnings per common share 90,558,121 93,860,378 92,055,035
Weighted average common shares outstanding: earnings per common share - assuming dilution 91,538,128 94,491,159 92,392,496