XML 83 R60.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Investments (Schedule of Fixed Maturity Securities) (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
--- | --- | --- | ---
Debt Securities, Available-for-sale [Line Items] |  |  |  |
Fixed maturity securities, available for sale, amortized cost | $ 38,537,462 | $ 44,866,019 |  |
Fixed maturity securities, available for sale, gross unrealized gains | 237,889 | 225,792 |  |
Fixed maturity securities, available for sale, gross unrealized losses | (3,990,839) | (5,283,847) |  |
Fixed maturity securities, available for sale, allowance for credit losses | (4,030) | (3,347) |  | $ (2,846)
Fair value | 34,780,482 | 39,804,617 | [1] |
Accrued interest receivable | $ 360,900 | 425,400 |  |
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration] | Accrued investment income (2023 and 2022 include $2,862 and $3,444 related to consolidated variable interest entities) |  |  |
U.S. Government and agencies |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |
Fixed maturity securities, available for sale, amortized cost | $ 172,683 | 173,638 |  |
Fixed maturity securities, available for sale, gross unrealized gains | 606 | 70 |  |
Fixed maturity securities, available for sale, gross unrealized losses | (2,148) | (4,637) |  |
Fixed maturity securities, available for sale, allowance for credit losses | 0 | 0 |  |
Fair value | 171,141 | 169,071 |  |
States, municipalities and territories |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |
Fixed maturity securities, available for sale, amortized cost | 3,654,571 | 4,356,251 |  |
Fixed maturity securities, available for sale, gross unrealized gains | 17,477 | 41,565 |  |
Fixed maturity securities, available for sale, gross unrealized losses | (573,108) | (574,834) |  |
Fixed maturity securities, available for sale, allowance for credit losses | 0 | 0 |  | (2,776)
Fair value | 3,098,940 | 3,822,982 |  |
Foreign corporate securities and foreign governments |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |
Fixed maturity securities, available for sale, amortized cost | 563,890 | 748,770 |  |
Fixed maturity securities, available for sale, gross unrealized gains | 1,669 | 11,661 |  |
Fixed maturity securities, available for sale, gross unrealized losses | (71,820) | (83,579) |  |
Fixed maturity securities, available for sale, allowance for credit losses | 0 | 0 |  |
Fair value | 493,739 | 676,852 |  |
Corporate securities |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |
Fixed maturity securities, available for sale, amortized cost | 23,036,862 | 27,706,440 |  |
Fixed maturity securities, available for sale, gross unrealized gains | 175,014 | 146,065 |  |
Fixed maturity securities, available for sale, gross unrealized losses | (2,605,048) | (3,687,370) |  |
Fixed maturity securities, available for sale, allowance for credit losses | (3,412) | (3,214) |  | 0
Fair value | 20,603,416 | 24,161,921 |  |
Residential mortgage backed securities |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |
Fixed maturity securities, available for sale, amortized cost | 1,503,639 | 1,492,242 |  |
Fixed maturity securities, available for sale, gross unrealized gains | 11,598 | 11,870 |  |
Fixed maturity securities, available for sale, gross unrealized losses | (112,736) | (126,368) |  |
Fixed maturity securities, available for sale, allowance for credit losses | 0 | (133) |  | (70)
Fair value | 1,402,501 | 1,377,611 |  |
Commercial mortgage backed securities |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |
Fixed maturity securities, available for sale, amortized cost | 3,405,647 | 4,098,755 |  |
Fixed maturity securities, available for sale, gross unrealized gains | 995 | 493 |  |
Fixed maturity securities, available for sale, gross unrealized losses | (454,095) | (411,770) |  |
Fixed maturity securities, available for sale, allowance for credit losses | 0 | 0 |  |
Fair value | 2,952,547 | 3,687,478 |  |
Other asset backed securities |  |  |  |
Debt Securities, Available-for-sale [Line Items] |  |  |  |
Fixed maturity securities, available for sale, amortized cost | 6,200,170 | 6,289,923 |  |
Fixed maturity securities, available for sale, gross unrealized gains | 30,530 | 14,068 |  |
Fixed maturity securities, available for sale, gross unrealized losses | (171,884) | (395,289) |  |
Fixed maturity securities, available for sale, allowance for credit losses | (618) | 0 |  | $ 0
Fair value | $ 6,058,198 | $ 5,908,702 |  |
[1] | Certain prior period amounts have been recast. See Note 1 - Significant Accounting Policies for more information.

X
- Definition Amount, before tax, of unrealized gain in accumulated other comprehensive income (AOCI) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2 + Details
Name: | us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount, before tax, of unrealized loss in accumulated other comprehensive income (AOCI) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2 + Details
Name: | us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount, after allowance for credit loss, of accrued interest on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2A -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2A Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479130/326-30-45-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org//1943274/2147479106/326-30-50-3A Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3B -Publisher FASB -URI https://asc.fasb.org//1943274/2147479106/326-30-50-3B + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Indicates line item in statement of financial position that includes accrued interest, after allowance for credit loss, on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org//1943274/2147479106/326-30-50-3A + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLossStatementOfFinancialPositionExtensibleList
Namespace Prefix: | us-gaap_
Data Type: | enum2:enumerationSetItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount excluding accrued interest, of allowance for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479130/326-30-45-1 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amortized cost excluding accrued interest, before allowance for credit loss, of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479130/326-30-45-1 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount excluding accrued interest, of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479130/326-30-45-1 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aa) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aaa) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-3 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-3 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-3 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-3 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-3 + Details
Name: | us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_USTreasuryAndGovernmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=ael_ForeignCorporateAndForeignGovernmentDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_CorporateDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_AssetBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |