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AMER EQUITY INV   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/2011
Traditional life and accident and health insurance premiums39.3823.5326.4834.2343.7736.0532.6245.3576.68118.91
Realized gains (losses) on investments(80.68)6.96(37.18)10.5111.5210.21(4.00)40.56(6.45)(18.64)
Change in fair value of derivatives34.67906.91(777.85)1,677.87164.22(336.15)504.831,076.02221.14(114.73)
Unrealized gains (losses) on derivatives--------------------
Impairment losses on investments : Total other than temporary impairment losses--(18.51)(35.01)(2.76)(21.35)(25.55)--(4.96)(5.41)(20.18)
Impairment losses on investments : Portion of impairment losses recognized in other comprehensive loss--(0.22)(1.65)(1.87)(1.33)6.01(2.63)(1.27)(9.52)(13.80)
Net investment income2,182.082,307.642,147.811,992.001,849.871,692.191,531.671,383.931,286.921,218.78
Annuity and single premium universal life product charges--------------------
Annuity product charges251.23240.04224.49200.49173.58136.17118.99103.5989.0176.19
Gain (loss) on extinguishment of debt(2.02)(2.00)--(18.82)----(12.50)(32.52)----
Total Revenues2,424.653,464.351,547.103,891.652,220.281,518.942,168.972,610.691,652.361,246.54
Insurance policy benefits and change in future policy benefits49.7435.4239.5343.2252.4845.4641.8253.0781.48115.29
Interest credited to account balances----------------808.48775.10
Interest sensitive and index product benefits1,543.271,287.581,610.842,023.67725.47968.051,473.701,272.87----
Amortization of deferred policy acquisition costs649.5587.72327.99255.96374.01286.11163.58365.47164.92143.48
Amortization of deferred sales inducements438.1688.59222.20176.61251.17209.39131.42253.1187.1671.78
Other operating costs and expenses(183.64)(154.15)(129.30)(111.69)(102.23)(96.22)(81.58)(91.92)(95.50)(67.56)
Interest expense on notes payable25.5525.5325.5030.3728.2528.8536.3738.8728.4831.63
Interest expense on subordinated debentures5.5615.7615.4914.1212.9612.2412.1212.0913.4613.98
Interest expense on amounts due under repurchase agreements--------------------
Interest expense on General Agency Commission and Servicing Agreement--------------------
Other interest expense--------------------
Change in fair value of embedded derivatives1,286.79(1,454.04)1,389.49(919.74)(543.47)464.70(32.32)(133.97)(286.90)105.19
Income before income taxes and minority interests815.96315.57565.74316.27130.25337.31196.06389.3385.99132.91
Income tax expense144.5069.48107.73141.6347.00117.4870.04136.0528.1946.67
Income tax expense (benefit) : Current----------------80.53127.54
Income tax expense (benefit) : Deferred----------------(52.34)(80.87)
Minority interest--------------------
Income before cumulative effect of change in accounting principle--------------------
Cumulative effect of change in accounting for derivatives--------------------
Net income (loss)671.46246.09458.02--------------
Less: Preferred stock dividends33.52------------------
Net income (loss) available to common shareholders637.95246.09458.02174.6583.24219.83126.02253.2857.8086.25
EPS (Basic) : Income before cumulative effect of change in accounting principle--------------------
EPS (Basic) : Cumulative effect of change in accounting for derivatives--------------------
Net Earnings per share (Basic)6.932.705.071.960.982.781.693.860.941.45
EPS (Diluted) : Income before cumulative effect of change in accounting principle--------------------
EPS (Diluted) : Cumulative effect of change in accounting for derivatives--------------------
Net Earnings per share (Diluted)6.902.685.011.930.972.721.583.380.891.37
Weighted Average Shares Outstanding (Basic)92.0691.1490.3588.9884.7978.9474.4365.5461.2659.48
Weighted Average Shares Outstanding (Diluted)92.3991.7891.4290.3185.6180.9679.8975.0465.6863.62