XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Investments:    
Fixed maturity securities, available for sale, at fair value (amortized cost of $36,009,821 as of 2024 and $38,537,462 as of 2023; allowance for credit losses of $3,518 as of 2024 and $4,030 as of 2023) $ 32,044,379 $ 34,780,482
Mortgage loans on real estate (net of allowance for credit losses of $42,013 as of 2024 and $38,135 as of 2023) 7,281,831 7,537,594
Real estate investments (2024 and 2023 include $1,353,864 and $1,327,704 related to consolidated variable interest entities) 1,363,604 1,334,247
Limited partnerships and limited liability companies (2024 and 2023 include $501,084 and $506,685 related to consolidated variable interest entities) 1,066,273 1,089,591
Derivative instruments 1,617,000 1,207,288
Other investments (2024 includes $150,001 related to consolidated variable interest entities) 1,624,752 2,277,822
Total investments 44,997,839 48,227,024
Cash and cash equivalents (2024 and 2023 include $33,602 and $35,745 related to consolidated variable interest entities) 13,495,847 9,772,586
Coinsurance deposits (net of allowance for credit losses of $1,096 as of 2024 and $1,149 as of 2023) 14,743,795 14,582,728
Market risk benefits 524,598 479,694
Accrued investment income (2024 and 2023 include $4,136 and $2,862 related to consolidated variable interest entities) 431,105 459,332
Deferred policy acquisition costs 3,184,757 3,070,280
Deferred sales inducements 2,440,714 2,367,224
Deferred income taxes 115,245 152,652
Income taxes recoverable 24,342 37,854
Other assets (2024 and 2023 include $20,184 and $18,681 related to consolidated variable interest entities) 821,281 768,928
Total assets 80,779,523 79,918,302
Liabilities:    
Policy benefit reserves 60,980,242 60,901,641
Market risk benefits 3,122,918 3,146,554
Other policy funds and contract claims 182,342 188,856
Notes and loan payable 783,791 785,443
Subordinated debentures 79,200 79,107
Funds withheld for reinsurance liabilities 8,811,816 8,596,373
Other liabilities (2024 and 2023 include $80,627 and $93,520 related to consolidated variable interest entities) 3,647,641 3,172,554
Total liabilities 77,607,950 76,870,528
Stockholders' equity:    
Common stock; par value $1 per share; 200,000,000 shares authorized; issued and outstanding: 2024 - 79,572,172 shares (excluding 30,614,343 treasury shares); 2023 - 79,337,818 shares (excluding 30,765,023 treasury shares) 79,572 79,338
Additional paid-in capital 1,073,079 1,071,103
Accumulated other comprehensive loss (3,189,720) (2,979,657)
Retained earnings 5,184,527 4,852,448
Total stockholders' equity attributable to American Equity Investment Life Holding Company 3,147,486 3,023,260
Noncontrolling interests 24,087 24,514
Total stockholders' equity 3,171,573 3,047,774
Total liabilities and stockholders' equity 80,779,523 79,918,302
Depositary Shares, each representing a 1/1,000th interest in a share of 5.95% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series A    
Stockholders' equity:    
Preferred stock 16 16
Depositary Shares, each representing a 1/1,000th interest in a share of 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series B    
Stockholders' equity:    
Preferred stock $ 12 $ 12