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 (AEL) announced its plans to release third quarter 2020 earnings after market close on October 29, 2020. The earnings release and financial information will be available on AEL's website. A conference call to discuss the earnings will take place the following day at 7:00 a.m. CT, with options for both domestic and international participants. An audio replay of the call will be available until November 6, 2020.
Summary not available.
Summary not available.
American Equity Investment Life Holding Company (NYSE: AEL) has announced a strategic partnership with Brookfield Asset Management for $5 billion in reinsurance on existing liabilities and up to an additional $5 billion in new fixed index annuity sales. Brookfield will acquire a 19.9% stake in American Equity. This partnership grants access to Brookfield's investments, aiming to enhance returns and support growth strategies. The Board also authorized a $500 million share repurchase program to mitigate share dilution. Additionally, the Board rejected an unsolicited proposal from Athene and MassMutual as undervalued.
American Equity Investment Life Holding Company (NYSE: AEL) received an unsolicited non-binding acquisition proposal from Athene Holding Ltd. (NYSE: ATH) and Massachusetts Mutual Life Insurance Company, offering $36.00 per share in cash for all outstanding shares of American Equity. The company's Board of Directors is reviewing this proposal with financial and legal advisors to ensure the best interests of shareholders are met. Investors are advised to take no immediate action.
American Equity Investment Life Holding Company (NYSE: AEL) has appointed Graham Day as President of Eagle Life Insurance Company, a subsidiary. This strategic move aims to enhance the company’s position in the annuity market as it transitions to AEL 2.0. Graham Day brings over 20 years of experience, primarily from Equitable, where he served as Chief Sales and Distribution Officer. His extensive background in sales and distribution is expected to bolster Eagle Life's capabilities in providing fixed index annuities.
American Equity Investment Life Holding Company (NYSE: AEL), Värde Partners, and Agam Capital Management have agreed to form a strategic partnership to enhance value for investors and retirees. The partnership will involve Värde establishing a Bermuda reinsurance company to reinsure $5 billion of American Equity's fixed index annuity liabilities. American Equity will hold a significant minority interest in the reinsurer and a 35% stake in a new asset management entity. This initiative aims to improve American Equity's market presence and free up approximately $350 million in capital for shareholders.