| | | | | |
| | State of Organization |
| Insurance Subsidiaries: | |
| American Equity Investment Life Insurance Company | Iowa |
| American Equity Investment Life Insurance Company of New York | New York |
| Eagle Life Insurance Company | Iowa |
| AEL Re Vermont Inc. | Vermont |
| AEL Re Vermont II, Inc. | Vermont |
| AEL Re Bermuda Ltd. | Bermuda |
| Entrada Life Insurance Company | Arizona |
| Noninsurance Subsidiaries: | |
| Ace Fund Holdings, LLC | Delaware |
| AE Capital, LLC | Iowa |
| AEL Financial Services, LLC | North Carolina |
| AERL, L.C. | Iowa |
| American Equity Investment Properties, L.C. | Iowa |
| American Equity Capital Trust II | Delaware |
| BH JV (Berm FW) Multifamily Investors, LLC | Delaware |
| BH JV Multifamily Investors, LLC | Delaware |
| High Trestle Investment Management, LLC | Iowa |
| ISQ Ace Fund, LLC | Delaware |
| M-A LPI Holdings, LLC | Delaware |
| M-LPI Resort Holdings, LLC | Delaware |
| M-LPI Resort Owner, LLC | Delaware |
| NC Securities Holdco, LLC | North Carolina |
| North Wolf Bay Holdings, LLC | Delaware |
| PBH Stonecastle, LLC | Delaware |
| Residential Investment Trust | Delaware |
| Residential Investment Trust - Berm FW | Delaware |
| Residential Investment Trust II | Delaware |
| Residential Investment Trust III | Delaware |
| Residential Investment Trust III - Berm FW | Delaware |
| Residential Investment Trust III-E | Delaware |
| Residential Investment Trust III - Verm FW | Delaware |
| Residential Investment Trust IV | Delaware |
| Residential Investment Trust IV - Berm FW | Delaware |
| Residential Investment Trust V | Delaware |
| Stonecastle Apartments Holdings, LLC | Delaware |
| Vantage at Westover Owner, LLC | Delaware |
| Vantage at Westover Parent, LLC | Delaware |