Welcome to our dedicated page for American Eqty Invt Life Hld Co news (Ticker: AEL), a resource for investors and traders seeking the latest updates and insights on American Eqty Invt Life Hld Co stock.
American Equity Investment Life Holding Company (formerly NYSE: AEL) generates frequent news in the U.S. life insurance and retirement markets due to its focus on fixed index annuities and its strategic transformation initiatives. Public announcements highlight the company as a leading issuer of fixed index annuities, with record or near-record FIA sales reported in several recent quarters.
News coverage for American Equity often centers on quarterly and annual earnings releases, where the company reports on net income, non-GAAP operating income, investment spread, and sales performance. These releases emphasize the contribution of guaranteed retirement income products, including product families such as IncomeShield and Eagle Select Income Focus, and detail sales trends across independent agent and bank and broker-dealer channels.
Another recurring theme in American Equity news is its AEL 2.0 strategy, which involves increasing allocation to private assets, using reinsurance to generate fee-like revenues, and building a capital-light earnings profile. Updates on the growth of private asset exposure, reinsured account values, and liquidity levels in the investment portfolio appear regularly in the company’s communications.
Corporate and capital markets developments also feature prominently. News items include announcements of preferred stock dividends on Series A and Series B preferred stock, commentary from rating agencies on the company’s credit ratings, and disclosures related to the planned merger transaction with Brookfield Reinsurance Ltd. These stories provide context on American Equity’s capital structure, strategic direction, and regulatory considerations.
Investors and observers following AEL-related news can expect a mix of earnings reports, product and sales updates, investment portfolio commentary, reinsurance activity, preferred stock dividend declarations, and merger-related disclosures that together outline the company’s evolution as a life insurer and annuity provider.
Prosperity Group Holdings LP has announced its withdrawal of the proposal to acquire the common shares of American Equity Investment Life Holding Company (NYSE: AEL) at $45.00 per share. The decision comes after American Equity's refusal to engage in discussions, leading Prosperity to opt against pursuing the transaction further. Prosperity Group, involved in financial security and asset management, has been expanding its platform since its acquisition by Elliott Investment Management LP in 2019.
American Equity Investment Life Holding Company (AEL) reported a Q4 2022 net loss of $(29.4) million, or $(0.34) per diluted share, a stark contrast to a net income of $82.2 million, or $0.88 per share in Q4 2021. Non-GAAP operating income fell to $67.9 million, or $0.79 per share, from $75.8 million in the same quarter last year. The company sourced approximately $1.4 billion in private assets, increasing total portfolio allocation to 22%. Q4 FIA sales grew 7% sequentially to $783 million. Despite a decline in investment returns, AEL's management expressed confidence in their AEL 2.0 strategy and forecast continued long-term shareholder value.
American Equity Investment Life Holding Company (NYSE: AEL) declared cash dividends for its Preferred Stocks. Series A Preferred Stock will pay $371.875 per share, equivalent to $0.371875 per Depositary Share, while Series B Preferred Stock will distribute $414.0625 per share, or $0.4140625 per Depositary Share. Both dividends are payable on
American Equity Investment Life Holding Company (NYSE: AEL) is set to release its fourth quarter 2022 earnings after the market closes on February 16. A financial supplement will be accessible on their investor relations website. Following this, a conference call will be held on February 17 at 10:00 a.m. CT to discuss the results, financial condition, and future strategies. The company emphasizes its commitment to policyholders as it transitions to a stronger focus on liability-driven investment strategies. Risks associated with future performance will be discussed, along with regulatory considerations.
Prosperity Group Holdings LP reaffirmed its interest in acquiring American Equity Investment Life Holding Company (AEL) through a recent press release. Prosperity's initial acquisition offer on December 8 was rejected within three business days without engagement. A subsequent letter on December 19 expressed a willingness to improve the offer, emphasizing potential added value for AEL shareholders. However, this proposal also faced a swift rejection. Prosperity remains committed to pursuing a constructive dialogue with AEL to explore value-creation opportunities for shareholders.
American Equity Investment Life Holding Company (NYSE: AEL) rejected a $45.00 per share acquisition proposal from Prosperity Group Holdings and Elliott Investment Management, considering it significantly undervalued. The Board, chaired by David S. Mulcahy, emphasized its commitment to maximizing shareholder value through its AEL 2.0 strategy. CEO Anant Bhalla highlighted consistent growth and focus on customer needs, backed by independent financial advice. The company is set to enhance its operational base with upcoming offices in Charlotte and New York.
American Equity Investment Life Holding Company (NYSE: AEL) will host an "Investor Symposium" on December 7, 2022, from 3:00 pm to 5:00 pm ET. The event will feature keynote speakers including Anant Bhalla, CEO, and Axel Andrè, CFO, among others. Participants can register for telephonic and online access through the company’s IR website. Following the presentations, an audio replay will be available for 30 days at the same link. American Equity focuses on financial dignity solutions through general account annuities.
American Equity Investment Life Holding Company (NYSE: AEL) has authorized an additional $400 million common stock buyback, part of its ongoing AEL 2.0 strategy initiated in October 2020. This new measure increases the total share repurchase authorization to $594 million. The buyback aims to enhance shareholder value and reflects the company's commitment to managing its capital effectively.
American Equity (NYSE: AEL) has announced a strategic partnership with 26North Partners LP to enhance its AEL 2.0 strategy and generate shareholder value. This collaboration involves a long-term investment and the reinsurance of approximately
American Equity Life (AEL) reported strong Q3 2022 results with a net income of $301.7 million, or $3.41 per share, a significant increase from $141.9 million in Q3 2021. Non-GAAP operating income was $87.4 million, or $0.99 per diluted share. The company ranked #1 in customer satisfaction per J.D. Power's 2022 study. AEL repurchased $154 million worth of shares in Q3, totaling $522 million for the year. Investment strategies showed promising results with a 2.73% investment spread. However, sales of fixed index annuities (FIAs) fell 6% from the previous quarter.