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AMER EQUITY INV   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2019201820172016201520142013201220112010
Period End Date12/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/201112/31/2010
Traditional life and accident and health insurance premiums23.5326.4834.2343.7736.0532.6245.3576.68118.9111.98
Realized gains (losses) on investments6.96(37.18)10.5111.5210.21(4.00)40.56(6.45)(18.64)23.73
Change in fair value of derivatives906.91(777.85)1,677.87164.22(336.15)504.831,076.02221.14(114.73)168.86
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)(19.54)
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)(4.32)
Net investment income2,307.642,147.811,992.001,849.871,692.191,531.671,383.931,286.921,218.781,036.11
Annuity and single premium universal life product charges--------------------
Annuity product charges240.04224.49200.49173.58136.17118.99103.5989.0176.1969.08
Gain (loss) on extinguishment of debt(2.00)--(18.82)----(12.50)(32.52)----(0.29)
Total Revenues3,464.351,547.103,891.652,220.281,518.942,168.972,610.691,652.361,246.541,285.59
Insurance policy benefits and change in future policy benefits35.4239.5343.2252.4845.4641.8253.0781.48115.298.25
Interest credited to account balances--------------808.48775.10733.22
Interest sensitive and index product benefits1,287.581,610.842,023.67725.47968.051,473.701,272.87------
Amortization of deferred policy acquisition costs87.72327.99255.96374.01286.11163.58365.47164.92143.48136.39
Amortization of deferred sales inducements88.59222.20176.61251.17209.39131.42253.1187.1671.7859.87
Other operating costs and expenses(154.15)(129.30)(111.69)(102.23)(96.22)(81.58)(91.92)(95.50)(67.56)(114.62)
Interest expense on notes payable25.5325.5030.3728.2528.8536.3738.8728.4831.6322.13
Interest expense on subordinated debentures15.7615.4914.1212.9612.2412.1212.0913.4613.9814.91
Interest expense on amounts due under repurchase agreements------------------0.00
Interest expense on General Agency Commission and Servicing Agreement--------------------
Other interest expense--------------------
Change in fair value of embedded derivatives(1,454.04)1,389.49(919.74)(543.47)464.70(32.32)(133.97)(286.90)105.19(130.95)
Income before income taxes and minority interests315.57565.74316.27130.25337.31196.06389.3385.99132.9165.27
Income tax expense69.48107.73141.6347.00117.4870.04136.0528.1946.6722.33
Income tax expense (benefit) : Current--------------80.53127.54140.38
Income tax expense (benefit) : Deferred--------------(52.34)(80.87)(118.05)
Minority interest--------------------
Income before cumulative effect of change in accounting principle--------------------
Cumulative effect of change in accounting for derivatives--------------------
Net income (loss) available to common shareholders246.09458.02174.6583.24219.83126.02253.2857.8086.2542.93
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)2.705.071.960.982.781.693.860.941.450.73
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)2.685.011.930.972.721.583.380.891.370.68
Weighted Average Shares Outstanding (Basic)91.1490.3588.9884.7978.9474.4365.5461.2659.4858.51
Weighted Average Shares Outstanding (Diluted)91.7891.4290.3185.6180.9679.8975.0465.6863.6264.58