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.
American Equity Investment Life Holding Company (NYSE: AEL) has appointed Dewayne Lummus as Senior Vice President and Chief Accounting Officer, effective November 30, 2021. Lummus brings extensive experience from Equitable and Teachers Insurance and Annuity Association of America, aiming to enhance American Equity's financial strategies. Scott Samuelson will transition to Controller for the Insurance and Reinsurance division. This leadership change is positioned as a vital step during a transformative phase for the company, which focuses on providing financial dignity in retirement.
American Equity Investment Life Holding Company (NYSE: AEL) has announced a significant $1 billion investment in Monroe Capital's dedicated technology lending platform, focusing on Software, Technology, and Recurring Revenue (STARR) loans. This strategy aims at middle market companies that deliver essential technology solutions. The partnership seeks to leverage robust investment opportunities within technology, with plans to attract third-party investors. American Equity highlights STARR's potential as a resilient sector, similar to healthcare a decade ago, indicating strong growth prospects.
American Equity Investment Life Holding Company (NYSE: AEL) announced a $1 billion investment in Monroe Capital's technology lending platform, focusing on middle market Software, Technology and Recurring Revenue (STARR) loans. This partnership aims to enhance American Equity's asset allocation towards private assets, with a specific emphasis on companies with recurring revenue models. The move reflects their strategy to tap into the resilient U.S. economy's technology sector, similar to the healthcare sector's growth over the past decade.
American Equity Investment Life Insurance Company (NYSE: AEL) has committed over
American Equity Investment Life Holding Company (NYSE: AEL) has declared cash dividends for its Fixed-Rate Reset Non-Cumulative Preferred Stocks. The Series A Preferred Stock will pay $371.875 per share, equivalent to $0.371875 per Series A Depositary Share, while the Series B Preferred Stock will pay $414.0625 per share, equivalent to $0.4140625 per Series B Depositary Share. Both dividends are payable on December 1, 2021, to shareholders of record as of November 15, 2021.
American Equity Investment Life Holding Company (NYSE: AEL) has finalized a reinsurance deal with North End Re (Cayman) SPC, a subsidiary of Brookfield Asset Management Reinsurance Partners Ltd. (NYSE: BAMR). The agreement involves ceding up to
American Equity Investment Life Holding Company (NYSE: AEL) will release its third quarter 2021 earnings after market close on November 8, 2021. Following the release, the company will host a conference call on November 9, 2021, at 8:00 a.m. CT to discuss its financial results, business condition, and future outlook. Investors can access the earnings release on the company's website. Forward-looking statements may be included, which involve risks and uncertainties.
American Equity Investment Life Holding Company (NYSE: AEL) has announced a strategic partnership with BlackRock and Conning to manage its core fixed income assets. This transition, set to begin in Q4, aligns with AEL's AEL 2.0 strategy, focusing on increasing private asset allocations to 30-40%. Chief Investment Officer Jim Hamalainen highlighted plans to enhance investment management expertise while migrating core management to these firms by early 2022. This initiative aims to bolster AEL's capabilities in private asset management and asset allocation.
American Equity Investment Life Holding Company (NYSE: AEL) announced the appointment of Axel André as its new Chief Financial Officer, effective September. CEO Anant Bhalla expressed confidence in André's leadership capabilities as the company aims to enhance its insurance and asset management strategy. André brings extensive experience from Jackson National and AIG, where he held various senior finance roles. He holds a PhD in Physics from Harvard and a Master's from Imperial College in London.
American Equity Investment Life Holding Company (NYSE: AEL) announced that CEO Anant Bhalla will participate in a fireside chat at the 2021 Virtual KBW Insurance Conference on September 10 at 10:30 a.m. ET. The discussion will cover the company’s financial condition, operations, and future strategies, including forward-looking statements subject to risks and uncertainties. Interested parties can access the webcast on American Equity’s website, with a replay available for 30 days post-event.
American Equity specializes in fixed index annuities through independent agents and is headquartered in West Des Moines, Iowa.