AMERICAN EQUITY INVEST LIFE INS CO
Major Rating Factors:
Fair overall results on stability tests (3.5 on a scale of 0 to 10) including excessive premium growth. Good quality investment portfolio (5.4) despite large holdings of BBB rated bonds in addition to moderate junk bond exposure. Exposure to mortgages is significant, but the mortgage default rate has been low. Good Liquidity (6.8) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders.
Other Rating Factors:
Weak profitability (1.7) with investment income below regulatory standards in relation to interest assumptions of reserves. Strong capitalization (7.0) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
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
Company Address
6000 WESTOWN PARKWAY
WEST DES MOINES, IA 50266
WEST DES MOINES, IA 50266
Phone Number
(515) 221-0002
NAIC Number
92738
Website
Largest Affiliates