American Equity Investment (AEL) Tops Q2 EPS by 46c
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American Equity Reports Second Quarter 2021 Results
August 5, 2021 4:15 PM EDTCompany Highlights
Second quarter 2021 annuity sales of $1.2 billion driven by strong growth in fixed index annuity (FIA) sales Policyholder funds under management increased by 1.5% to $56.6 billion Deployed $569 million in private assets in the quarter as part of plans to ramp to 30% asset allocation over time Share repurchase of $95.1 million, fully offsetting dilution from 4Q 2020 Brookfield equity issuance Second quarter 2021 net loss available to common stockholders of $(65.6) million or $(0.69) per diluted common share compared to net loss available to common stockholders of $(253.4) million, or... More