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Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Premiums and other considerations $ 4,137 $ 10,078 [1]
Annuity product charges 62,591 52,355 [2]
Net investment income 561,323 567,423 [1]
Change in fair value of derivatives 45,890 (477,519) [1]
Net realized losses on investments (27,787) (13,127) [1]
Other revenue 16,394 8,817 [1]
Total revenues 662,548 148,027 [1]
Benefits and expenses:    
Insurance policy benefits and change in future policy benefits (remeasurement gains (losses) of future policy benefit reserves of $354 for 2023 and $637 for 2022) 7,208 13,615 [1]
Interest sensitive and index product benefits 57,911 287,917 [1]
Market risk benefits (gains) losses 183,694 191,893 [1]
Amortization of deferred sales inducements 46,601 45,085 [1]
Change in fair value of embedded derivatives 404,440 (1,393,649) [2]
Interest expense on notes and loan payable 11,018 6,425 [1]
Interest expense on subordinated debentures 1,336 1,317 [1]
Amortization of deferred policy acquisition costs 68,235 72,969 [2]
Other operating costs and expenses 74,004 57,795 [1]
Total benefits and expenses 854,447 (716,633) [1]
Income (loss) before income taxes (191,899) 864,660 [1]
Income tax expense (benefit) (36,008) 185,195 [1]
Net income (loss) (155,891) 679,465 [1]
Less: Net income available to noncontrolling interests 103 0 [1]
Net income (loss) available to American Equity Investment Life Holding Company stockholders (155,994) 679,465 [1]
Less: Preferred stock dividends 10,919 10,919 [1]
Net income (loss) available to American Equity Investment Life Holding Company common stockholders $ (166,913) $ 668,546 [1]
Earnings (loss) per common share (dollars per share) $ (2.00) $ 6.90 [1]
Earnings (loss) per common share - assuming dilution (dollars per share) $ (2.00) $ 6.83 [1]
Weighted average common shares outstanding (in thousands):    
Weighted average common shares outstanding: earnings per common share (in shares) 83,416,966 96,866,125 [1]
Weighted average common shares outstanding: earnings per common share - assuming dilution (in shares) 83,416,966 97,953,313 [1]
[1] Certain prior period amounts have been recast. See Note 1 - Significant Accounting Policies for more information.
[2] Certain prior period amounts have been recast. See Note 1 - Significant Accounting Policies for more information.