American Equity Investment (AEL) Misses Q3 EPS by 4c

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Go back to American Equity Investment (AEL) Misses Q3 EPS by 4c

American Equity Reports Third Quarter 2015 Results

November 4, 2015 4:15 PM EST

WEST DES MOINES, Iowa--(BUSINESS WIRE)-- American Equity Investment Life Holding Company (NYSE: AEL), a leading issuer of fixed index annuities, today reported third quarter 2015 net income of $97.3 million, or $1.19 per diluted common share, compared to a third quarter 2014 net income of $67.8 million, or $0.85 per diluted common share.

Non-GAAP operating income1 for the third quarter of 2015 decreased 28% to $45.9 million, or $0.56 per diluted common share, compared to third quarter 2014 non-GAAP operating income1 of $64.0 million, or $0.81 per diluted common share.

Highlights for the third quarter of 2015 include:

Annuity sales (before... More