American Equity Investment (AEL) Tops Q2 EPS by 10c

American Equity Investment (NYSE: AEL) reported Q2 EPS of $0.95, $0.10 better than the analyst estimate of $0.85.

• Second quarter 2018 net income of $93.9 million or $1.03 per diluted common share
• Second quarter 2018 non-GAAP operating income1 of $86.6 million or $0.95 per diluted common share
• Second quarter 2018 annuity sales of $1.2 billion
• Policyholder funds under management of $49.9 billion
• Second quarter 2018 investment spread of 2.64%
• Estimated risk-based capital ratio of 384% compared to 378% at December 31, 2017

For earnings history and earnings-related data on American Equity Investment (AEL) click here.

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