XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Premiums and other considerations $ 640 $ 4,137
Annuity product charges 95,613 62,591
Net investment income 554,739 561,323
Change in fair value of derivatives 409,767 45,890
Net realized losses on investments (94,050) (27,787)
Other revenue 23,254 16,394
Total revenues 989,963 662,548
Benefits and expenses:    
Insurance policy benefits and change in future policy benefits (remeasurement gains (losses) of future policy benefit reserves of $109 and $354 for 2024 and 2023, respectively) 4,238 7,208
Interest sensitive and index product benefits 304,220 57,911
Market risk benefits (gains) losses (138,770) 183,694
Amortization of deferred sales inducements 54,214 46,601
Change in fair value of embedded derivatives 162,202 404,440
Interest expense on notes and loan payable 11,581 11,018
Interest expense on subordinated debentures 1,342 1,336
Amortization of deferred policy acquisition costs 77,337 68,235
Other operating costs and expenses 77,708 74,004
Total benefits and expenses 554,072 854,447
Income (loss) before income taxes 435,891 (191,899)
Income tax expense (benefit) 93,246 (36,008)
Net income (loss) 342,645 (155,891)
Less: Net income (loss) available to noncontrolling interests (353) 103
Net income (loss) available to American Equity Investment Life Holding Company stockholders 342,998 (155,994)
Less: Preferred stock dividends 10,919 10,919
Net income (loss) available to American Equity Investment Life Holding Company common stockholders $ 332,079 $ (166,913)
Earnings (loss) per common share $ 4.20 $ (2.00)
Earnings (loss) per common share - assuming dilution $ 4.13 $ (2.00)
Weighted average common shares outstanding (in thousands):    
Earnings (loss) per common share 79,056,171 83,416,966
Earnings (loss) per common share - assuming dilution 80,376,304 83,416,966