American Equity Investment (AEL) Posts Q3 Loss of 0.09/Share
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American Equity Reports Third Quarter 2016 Results
November 2, 2016 4:18 PM EDTCompany Highlights
Third quarter 2016 net loss of $7.4 million or $0.09 per diluted common share Third quarter 2016 operating loss1 of $4.7 million or $0.05 per diluted common share Third quarter 2016 annuity sales of $1.5 billion, down 16% from third quarter 2015 Policyholder funds under management of $44.5 billion, up 1.9% from June 30, 2016 Third quarter 2016 investment spread of 2.57% Operating income1 return on average equity1 of 6.7% (trailing twelve months); excluding unlocking and assumption revisions, operating income1 return on average equity1 of 11.4%... More