American Equity Investment (AEL) Tops Q2 EPS by 4c

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Go back to American Equity Investment (AEL) Tops Q2 EPS by 4c

American Equity Reports Second Quarter 2015 Results

July 29, 2015 4:00 PM EDT

WEST DES MOINES, Iowa--(BUSINESS WIRE)-- American Equity Investment Life Holding Company (NYSE: AEL), a leading issuer of fixed index annuities, today reported second quarter 2015 net income of $82.8 million, or $1.05 per diluted common share, compared to a second quarter 2014 net income of $36.7 million, or $0.46 per diluted common share.

Non-GAAP operating income1 for the second quarter of 2015 increased 32% to $50.9 million, or $0.64 per diluted common share, compared to second quarter 2014 non-GAAP operating income1 of $38.5 million, or $0.48 per diluted common share.

Highlights for the second quarter of 2015 include:

Annuity sales (before... More