C
AMERICAN EQUITY INVEST LIFE INS CO
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair overall capitalization (4.0 on a scale of 0 to 10) based on mixed results -- excessive policy leverage mitigated by excellent risk adjusted capital (severe loss scenario). Fair overall results on stability tests (4.0) including negative cash flow from operations for 2022. Good quality investment portfolio (5.6).
Other Rating Factors: Good Liquidity (5.6). Weak profitability (2.6) with investment income below regulatory standards in relation to interest assumptions of reserves.
Stability Factors: F - Negative cash flow.
Principal Lines of Business: --
Licensed in: All states except NY, PR
Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
Investments in Affiliates
Corporate Info
Group Affiliation
American Equity Investment Group
Investment Rating
AEL
Company Address
6000 WESTOWN PARKWAY
WEST DES MOINES, IA 50266
Phone Number
(515) 221-0002
NAIC Number
92738
Largest Affiliates
B
WEST DES MOINES, IA - L&A
U
U
Scottsdale, AZ - L&A
Weiss Ratings