American Equity Investment (AEL) Misses Q1 EPS by 16c

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American Equity Reports First Quarter 2021 Results

May 5, 2021 5:11 PM EDT

Company Highlights

First quarter 2021 net income available to common stockholders of $271.8 million or $2.82 per diluted common share compared to $236.3 million, or $2.57 per diluted common share, for the first quarter of 2020 First quarter 2021 non-GAAP operating income1 available to common stockholders of $41.4 million or $0.43 per diluted common share compared to $154.1 million, or $1.67 per diluted common share, for the first quarter of 2020 First quarter 2020 results reflected one notable item2, a tax-benefit due to the enactment of the CARES Act of $31 million, or $0.33 per diluted common share; No notable items2 for first quarter... More