American Equity Investment (AEL) Misses Q1 Views
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American Equity Reports First Quarter 2016 Results
April 27, 2016 4:17 PM EDTCompany Highlights
First quarter 2016 net loss of $44.8 million or $0.55 per diluted common share First quarter 2016 operating income1 of $21.0 million or $0.25 per diluted common share DAC unlocking in first quarter 2016 increased the net loss by $28.4 million or $0.35 per diluted common share and reduced operating income1 by $28.6 million or $0.35 per diluted common share First quarter 2016 annuity sales of $2.1 billion, up 59% from first quarter 2015 Policyholder funds under management of $42.5 billion, up 16.6% from March 31, 2015 First quarter 2016 investment spread of... More