American Equity Investment (AEL) Misses Q2 EPS by 15c
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American Equity Reports Second Quarter 2020 Results
August 5, 2020 4:15 PM EDTCompany Highlights
Second quarter 2020 net loss available to common stockholders of $253.4 million or $(2.76) per diluted common share driven primarily by the tightening of American Equity's own credit spread with improving market conditions; thereby reducing the discount rate used for policyholder liabilities Second quarter 2020 non-GAAP operating income1 available to common stockholders of $93.1 million or $1.01 per diluted common share Second quarter 2020 annuity sales of $559 million Policyholder funds under management of $53.1 billion Second quarter 2020 investment spread of 2.39% Estimated risk-based capital ratio of 389% excluding $290... More