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American Equity Investment Life Holding Co - AEL STOCK NEWS

Welcome to our dedicated news page for American Equity Investment Life Holding Co (Ticker: AEL), a resource for investors and traders seeking the latest updates and insights on American Equity Investment Life Holding Co.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect American Equity Investment Life Holding Co's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of American Equity Investment Life Holding Co's position in the market.

News
Adams Street Partners Raises $1 Billion for First Middle Market CLO
Rhea-AI Summary
Adams Street Partners, , in partnership with American Equity Investment Life Insurance Company, announces the final closing of a $1 billion middle market collateralized loan obligation, ASP Summa. The CLO comprises a high-conviction portfolio of senior loans issued by private equity backed mid-market companies. This marks a significant milestone for Adams Street's private credit business and demonstrates their ability to deliver attractive solutions to insurance companies globally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
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none
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News
American Equity Reports Record $7+ Billion Annual FIA Sales and Strong Financial Results to Cap a Historic 2023
Rhea-AI Summary
American Equity Investment Life Holding Company (NYSE: AEL) reported a net loss of $(475.9) million for Q4 2023, compared to net income of $21.7 million in Q4 2022. Full year 2023 net income was $166.9 million, down from $1.9 billion in 2022. Total FIA sales for 2023 reached $7.0 billion, a record high for the company. The company's investment yield increased to 4.65% in Q4 2023, with an increase in private assets to 25.8% of the investment portfolio. American Equity has an agreement to merge with Brookfield Reinsurance in the first half of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.31%
Tags
earnings
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News
American Equity Declares 1st Quarter 2024 Preferred Stock Dividend
Rhea-AI Summary
American Equity Investment Life Holding Company (AEL) has declared cash dividends for its Series A and Series B Preferred Stocks, payable in March 2024 to shareholders of record as of February 15, 2024. The cash dividend for Series A is $371.8750000 per share, and for Series B is $414.0625000 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.33%
Tags
dividends
News
American Equity Celebrates 20th Anniversary of NYSE Listing
Rhea-AI Summary
American Equity Investment Life Holding Company (AEL) will ring the NYSE Opening Bell on December 8th, 2023, to celebrate its 20th anniversary of listing. President and CEO Anant Bhalla will commemorate the occasion, highlighting the company's growth and successful transformation into an asset light insurer and asset manager under the AEL 2.0 business model.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.11%
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none
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News
American Equity Reports Record Non-GAAP Operating ROE¹ and FIA Sales as the AEL 2.0 Strategy Delivers with 25% Allocation to Private Assets and Nearly 20% "Fee-Earning" Reinsured Balances
Rhea-AI Summary
AEL reports third quarter 2023 net income of $465.2 million, with record total sales of $2.2 billion, largely from fixed index annuity (FIA) sales. Non-GAAP operating income was $195.5 million, impacted by $21.0 million in notable items. Investment yield improved by 27 basis points from the second quarter of 2023. Expected full year 2023 FIA sales are over $7 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.22%
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none
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News
American Equity Declares 4th Quarter 2023 Preferred Stock Dividend
Rhea-AI Summary
American Equity Investment Life Holding Company (NYSE: AEL) has declared cash dividends for its Series A and Series B Preferred Stocks. The dividend for Series A Preferred Stock is $371.8750000 per share, payable on December 1, 2023. The dividend for Series B Preferred Stock is $414.0625000 per share, also payable on December 1, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
Tags
dividends
News
American Equity Announces Record Total Enterprise Sales¹ of $2.2 Billion in Third Quarter and Expected Date of Third Quarter 2023 Earnings Results
Rhea-AI Summary
American Equity Investment Life Holding Company announces third-quarter 2023 sales of $2.2 billion
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
Tags
earnings
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News
AM Best Places Credit Ratings Under Review With Developing Implications for American Equity Investment Life Insurance Company and Its Subsidiaries
Rhea-AI Summary
AM Best places under review the ratings of American Equity Investment Life Insurance Company and its subsidiaries due to the acquisition by Brookfield Reinsurance Ltd.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.87%
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none
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News
American Equity Reports Further Growth in Both Earnings and Sales Momentum as Private Asset Allocation Ramps to 25%
Rhea-AI Summary
American Equity Investment Life Holding Company (AEL) reported second quarter 2023 net income available to common stockholders of $344.4 million, or $4.36 per diluted common share, compared to $752.4 million, or $8.06 per diluted common share for the second quarter 2022. Total sales for the quarter were $2.0 billion, including approximately $1.9 billion of FIA sales, reflecting a sequential quarterly FIA sales increase of 95%. The company's private asset deployment ramp continues, with over $800 million sourced in the quarter, bringing the total portfolio allocation to 24.9%. The company also ceded $821 million of flow reinsurance to reinsurance partners, creating 'fee-like' revenues and growing account value subject to recurring fees under reinsurance agreements to $10.9 billion. American Equity is also expecting to complete its planned merger transaction with Brookfield Reinsurance by the first half of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.54%
Tags
earnings
News
American Equity Declares 3rd Quarter 2023 Preferred Stock Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.02%
Tags
dividends
Stock AEL logo
American Equity Investment Life Holding Co

NYSE:AEL

AEL Rankings

#1266 Ranked by Market Cap
#836 Ranked by Stock Gains
#2132 Ranked by Dividends

AEL Stock Data

4.38B
62.11M
0.97%
95.47%
2.75%
Direct Life Insurance Carriers
Finance and Insurance
Link
US
West Des Moines

About AEL

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