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American Equity Investment Life Holding (AEL)

American Equity Investment Life Insurance Company® is a full-service underwriter of fixed annuity products, with a primary emphasis on the sale of index annuities. Headquartered in West Des Moines, Iowa, American Equity Investment Life Insurance Company is committed to providing products with integrity, as well as superior service to the agents it partners with and their policyholders.

Company profile

Ticker
AEL, AEL-PA, AEL-PB
Exchange
CEO
Anant Bhalla
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
American Equity Investment Life Insurance Company • Eagle Life Insurance Company • AEL Re Vermont Inc. • AEL Re Bermuda Ltd. • AE Capital, LLC • High Trestle Investment Management, LLC • NC Securities Holdco, LLC ...
IRS number
421447959

AEL stock data

Calendar

9 May 22
12 Aug 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.93B 1.93B 1.93B 1.93B 1.93B 1.93B
Cash burn (monthly) 858.36M 762.77M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 3.8B 3.37B n/a n/a n/a n/a
Cash remaining -1.86B -1.44B n/a n/a n/a n/a
Runway (months of cash) -2.2 -1.9 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
9 Aug 22 Jeffrey D Lorenzen Common Stock Sell Dispose S No Yes 40.0031 25,000 1M 36,439
1 Aug 22 Nicholas P. Volpe RSU Grant Acquire A No No 0 12,006 0 12,006
15 Jun 22 End Re Common Stock Other Dispose J No No 39.1769 3,857,184 151.11M 12,028,979
10 Jun 22 Mulcahy David S. Common Stock Grant Acquire A No No 0 3,601 0 125,061
13F holders Current Prev Q Change
Total holders 236 233 +1.3%
Opened positions 37 44 -15.9%
Closed positions 34 23 +47.8%
Increased positions 82 72 +13.9%
Reduced positions 83 81 +2.5%
13F shares Current Prev Q Change
Total value 4.26B 3.43B +24.2%
Total shares 106.25M 97.26M +9.3%
Total puts 13.3K 14.7K -9.5%
Total calls 9.7K 6.4K +51.6%
Total put/call ratio 1.4 2.3 -40.3%
Largest owners Shares Value Change
BAM Brookfield Asset Management 15.89M $634.02M +74.5%
BAMR Brookfield Asset Management Reinsurance Partners Ltd 15.89M $654.67M +74.4%
BLK Blackrock 13.32M $531.51M +0.4%
Vanguard 9.18M $366.33M -7.3%
Dimensional Fund Advisors 6.9M $275.51M +2.9%
MCQEF Macquarie 5.17M $206.24M +0.5%
River Road Asset Management 4.02M $160.52M -11.5%
STT State Street 3.19M $127.31M +4.7%
Clearbridge Advisors 2.82M $112.35M +0.1%
GS Goldman Sachs 1.94M $77.41M -17.7%
Largest transactions Shares Bought/sold Change
BAM Brookfield Asset Management 15.89M +6.78M +74.5%
BAMR Brookfield Asset Management Reinsurance Partners Ltd 15.89M +6.77M +74.4%
Lakewood Capital Management 266.21K -1.46M -84.6%
Norges Bank 0 -875.25K EXIT
Jacobs Levy Equity Management 875.27K +751.76K +608.7%
Vanguard 9.18M -721K -7.3%
River Road Asset Management 4.02M -523.45K -11.5%
Point72 Asset Management 137.79K -460.22K -77.0%
GS Goldman Sachs 1.94M -418.5K -17.7%
PZN Pzena Investment Management 1.82M -244.45K -11.8%

Financial report summary

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Management Discussion
  • Annuity deposits before coinsurance ceded increased 62% during 2021 compared to 2020. Annuity deposits after coinsurance ceded increased 52% during 2021 compared to 2020. The increase in sales in 2021 compared to 2020 was driven by the sales of multi-year fixed rate annuity products introduced in late 2020 at both American Equity Life and Eagle Life and increased sales of fixed index annuities at both American Equity Life and Eagle Life. This growth is due to fixed index annuity product refreshes at both American Equity Life and Eagle Life, the introduction of two new products at American Equity Life and strong sales of single premium deferred annuity products at both Eagle Life and American Equity Life during the first three quarters of 2021. Sales levels in 2021 also benefited from an improving sales environment compared to 2020.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
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