American Equity Investment (AEL) Tops Q4 EPS by 33c

Go back to American Equity Investment (AEL) Tops Q4 EPS by 33c

American Equity Reports Fourth Quarter and Full Year 2019 Results

February 12, 2020 4:15 PM EST

Company Highlights

Fourth quarter 2019 net income of $220.2 million or $2.40 per diluted common share; Full year 2019 net income of $246.1 million or $2.68 per diluted common share Fourth quarter 2019 non-GAAP operating income1 of $125.8 million or $1.37 per diluted common share; Full year 2019 non-GAAP operating income1 of $548.2 million or $5.97 per diluted common share Fourth quarter 2019 annuity sales of $921 million Policyholder funds under management of $53.2 billion Fourth quarter 2019 investment spread of 2.77% Risk-based capital ratio at December 31, 2019 of 372% Issued $400 million of perpetual preferred... More