American Equity Investment Life Holding (AEL)

Company Profile

fixed index annuities * retirement planning * customer service an american-owned and operated company headquartered in the heart of the midwest, american equity investment life insurance company® is a leader in the fixed indexed annuities marketplace. american equity’s growth and success is attributed to our dedication to excellent customer service and emphasis on building customer relationships. “the one who works for you!®” serves as the foundation for the way american equity does business and values its more than 500 employees. guided by our principles of excellence, we do more than sell retirement annuity products -- we are dedicated to fostering opportunity and innovation to meet the ever-changing needs and goals of retirement. we are about principles. we are the one who works for you! social media terms and conditions of use: https://www.american-equity.com/social-media-terms

Company profile

Ticker

AEL, AEL-PA, AEL-PB

Exchange

NYSE

Website

www.american-equity.com/

CEO

Anant Bhalla

Incorporated

Iowa

Location

Iowa

Fiscal year end

Dec 31

Sector

Finance and Insurance > Direct Life Insurance Carriers

Industry (SIC)

Life Insurance

Metlife • Prudential Financial • Corebridge Financial • Jackson Financial • Lincoln National • Brighthouse Financial • Voya Financial • Genworth Financial • Athene Holding • Protective Life ...

SEC CIK

0001039828

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

American Equity Investment Life Insurance Company • Eagle Life Insurance Company • AEL Re Vermont Inc. • AEL Re Bermuda Ltd. • AE Capital, LLC • AEL Financial Services, LLC • BH JV (Berm FW) Multifamily Investors, LLC • BH JV Multifamily Investors, LLC • High Trestle Investment Management, LLC • M-A LPI Holdings, LLC ...

IRS number

421447959

AEL stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$55.00

Low target

$55.00

High target

$55.00

Latest filings (excl ownership)

View all

S-8

Registration of securities for employees

8 Aug 23

Results of Operations and Financial Condition

7 Aug 23

8-K

American Equity Announces Second Quarter 2023 Total Sales1 of $2 Billion and Expected Date of Second Quarter 2023 Earnings Results

11 Jul 23

425

Business combination disclosure

5 Jul 23

425

Business combination disclosure

5 Jul 23

425

Business combination disclosure

5 Jul 23

8-K

Brookfield Reinsurance to Acquire AEL in $4.3 Billion Transaction

5 Jul 23

8-K

AEL Confirms Receipt of Acquisition Proposal from Brookfield Reinsurance

27 Jun 23

Transcripts

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AEL

Earnings call transcript

2023 Q1

9 May 23

AEL

Earnings call transcript

2022 Q4

17 Feb 23

AEL

Earnings call transcript

2022 Q3

9 Nov 22

AEL

Earnings call transcript

2022 Q2

13 Aug 22

AEL

Earnings call transcript

2022 Q1

8 May 22

AEL

Earnings call transcript

2021 Q4

18 Feb 22

AEL

Earnings call transcript

2021 Q3

9 Nov 21

AEL

Earnings call transcript

2021 Q2

6 Aug 21

AEL

Earnings call transcript

2021 Q1

9 May 21

AEL

Earnings call transcript

2020 Q4

18 Feb 21

Latest ownership filings

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Notice of proposed sale of securities

21 Sep 23

Financial summary

Financial statements Chart AEL financial data

Quarter (USD)	Jun 23	Mar 23	Dec 22	Sep 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Institutional ownership, Q2 2023

AEL institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	256	254	+0.8%
Opened positions	50	31	+61.3%
Closed positions	48	53	-9.4%
Increased positions	64	79	-19.0%
Reduced positions	101	107	-5.6%

13F shares	Current	Prev Q	Change
Total value	3.85 tn	2.81 tn	+36.9%
Total shares	89.90 mm	93.69 mm	-4.1%
Total puts	129.20 k	110.10 k	+17.3%
Total calls	76.70 k	12.20 k	+528.7%
Total put/call ratio	1.7	9.0	-81.3%

Largest owners	Shares	Value	Change
BN Brookfield	15.89 mm	$827.83 bn	0.0%
BNRE Brookfield Reinsurance Ltd	15.89 mm	$716.47 mm	0.0%
BLK Blackrock	10.72 mm	$558.52 bn	-5.1%
Vanguard	8.68 mm	$452.30 bn	-8.8%
Dimensional Fund Advisors	6.40 mm	$333.36 bn	-4.5%
STT State Street	2.80 mm	$146.05 bn	-3.7%
Clearbridge Advisors	2.52 mm	$131.43 bn	+3.2%
GS Goldman Sachs	2.09 mm	$108.74 bn	+13.9%
Geode Capital Management	1.50 mm	$78.30 bn	+4.3%
River Road Asset Management	1.47 mm	$76.53 bn	-13.9%

Largest transactions	Shares	Bought/sold	Change
MCQEF Macquarie	1.13 mm	-1.01 mm	-47.3%
IVZ Invesco	388.81 k	-998.35 k	-72.0%
Vanguard	8.68 mm	-841.30 k	-8.8%
Jane Street	599.05 k	+582.30 k	+3476.2%
BLK Blackrock	10.72 mm	-581.95 k	-5.1%
Levin Easterly Partners	0.00	-399.58 k	EXIT
Farallon Capital Management	383.00 k	+383.00 k	NEW
Millennium Management	364.41 k	+364.41 k	NEW
Dimensional Fund Advisors	6.40 mm	-304.26 k	-4.5%
Standard Life Aberdeen	440.39 k	-297.56 k	-40.3%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

AEL insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
22 Sep 23	Chapman Joyce Ann	Common Stock	Gift	Dispose G	No	No	0	7,000	0.00	51,183
21 Sep 23	Axel Andre	Common Stock	Sell	Dispose S	No	No	53.8743	29,273	1.58 mm	13,740
21 Sep 23	Axel Andre	Common Stock	Option exercise	Acquire M	No	No	32.35	29,273	946.98 k	43,013
21 Sep 23	Axel Andre	Options - Right to Buy Common Stock	Option exercise	Dispose M	No	No	32.35	29,273	946.98 k	14,636
21 Sep 23	Mulcahy David S.	Common Stock	Gift	Dispose G	No	No	0	9,000	0.00	119,364
21 Sep 23	Jeffrey D Lorenzen	Common Stock	Sell	Dispose S	No	No	53.8742	20,776	1.12 mm	30,900
21 Sep 23	Jeffrey D Lorenzen	Common Stock	Sell	Dispose S	No	No	53.8454	76,619	4.13 mm	51,676
21 Sep 23	Jeffrey D Lorenzen	Common Stock	Option exercise	Acquire M	No	No	27.05	49,565	1.34 mm	128,295
21 Sep 23	Jeffrey D Lorenzen	Common Stock	Option exercise	Acquire M	No	No	27.4	15,755	431.69 k	78,730
21 Sep 23	Jeffrey D Lorenzen	Common Stock	Option exercise	Acquire M	No	No	31.63	11,299	357.39 k	62,975