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Notes Payable and Long Term Borrowings (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of Subordinated Borrowing

Following is a summary of subordinated debt obligations to the trusts at September 30, 2024:

						September 30, 2024												Interest Rate						Due Date
						(Dollars in millions)
American Equity Capital Trust II						$	84											5		%				June 1, 2047

Schedule of Maturity of Borrowings

The following is the maturity by year on long term borrowings:

			Payments Due by Year
			Total						Unamortized Discount and Issuance Costs						Less Than 1 year						1-2 Years						2-3 Years						3-4 Years						4-5 Years						More Than 5 Years
			(Dollars in millions)
As of September 30, 2024:
Long term borrowings			$	2,959					$	(41)					$	—					$	—					$	2,400					$	—					$	—					$	600
As of December 31, 2023:
Long term borrowings			$	1,493					$	(7)					$	—					$	—					$	—					$	1,000					$	—					$	500

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- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

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Tabular disclosure of borrowings under subordinated debt agreements that qualify as available in computing net capital under SEC uniform net capital rules for broker-dealers, including restrictive covenants, collateral, interest rates and due dates, amounts due by date and amount owed in total.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 470
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478878/942-470-45-1

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