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Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
 [1]
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Premiums and other considerations $ 2,516 $ 3,831 $ 6,653 $ 13,909 [1]
Annuity product charges 71,642 55,514 134,233 107,869 [1]
Net investment income 542,685 592,308 1,104,008 1,159,731 [1]
Change in fair value of derivatives 242,739 (506,181) 288,629 (983,700) [1]
Net realized losses on investments (24,679) (33,272) (52,466) (46,399) [2]
Other revenue 16,736 9,408 33,130 18,225 [1]
Total revenues 851,639 121,608 1,514,187 269,635 [1]
Benefits and expenses:        
Insurance policy benefits and change in future policy benefits (remeasurement gains (losses) of future policy benefit reserves of $997 and $138 for three months ended and $1,351 and $775 for six months ended June 30, 2023 and 2022, respectively) 5,125 6,998 12,333 20,613 [1]
Interest sensitive and index product benefits 122,387 140,346 180,298 428,263 [1]
Market risk benefits (gains) losses (144,124) (299,278) 39,570 (107,385) [1]
Amortization of deferred sales inducements 46,951 44,696 93,552 89,781 [1]
Change in fair value of embedded derivatives 213,764 (885,984) 618,204 (2,279,633) [2]
Interest expense on notes and loan payable 11,227 6,461 22,245 12,886 [1]
Interest expense on subordinated debentures 1,338 1,346 2,674 2,663 [1]
Amortization of deferred policy acquisition costs 68,476 72,485 136,711 145,454 [2]
Other operating costs and expenses 75,697 59,872 149,701 117,667 [1]
Total benefits and expenses 400,841 (853,058) 1,255,288 (1,569,691) [1]
Income before income taxes 450,798 974,666 258,899 1,839,326 [1]
Income tax expense 95,652 211,377 59,644 396,572 [1]
Net income 355,146 763,289 199,255 1,442,754 [3]
Less: Net loss available to noncontrolling interests (217) (4) (114) (4) [1]
Net income available to American Equity Investment Life Holding Company stockholders 355,363 763,293 199,369 1,442,758 [1]
Less: Preferred stock dividends 10,919 10,919 21,838 21,838 [1]
Net income available to American Equity Investment Life Holding Company common stockholders $ 344,444 $ 752,374 $ 177,531 $ 1,420,920 [1]
Earnings per common share (dollars per share) $ 4.43 $ 8.13 $ 2.20 $ 15.01 [1]
Earnings per common share - assuming dilution (dollars per share) $ 4.36 $ 8.06 $ 2.17 $ 14.86 [1]
Weighted average common shares outstanding (in thousands):        
Weighted average common shares outstanding: earnings per common share (in shares) 77,766,851 92,543,850 80,576,301 94,693,048 [1]
Weighted average common shares outstanding: earnings per common share - assuming dilution (in shares) 78,927,958 93,374,738 81,824,056 95,652,085 [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.
[3] Certain prior period amounts have been recast. See Note 1 - Significant Accounting Policies for more information.