| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
American Equity Investment Life Holding Co (NYSE:AEL) reported Q2 2023 sales worth $2 billion, led by fixed index annuities business.
The fixed index annuities sales totaled $1.9 billion in Q2, increasing 94% Q/Q and 141% Y/Y.
FIA sales at American Equity Life in the Independent Marketing Organization channel rose 99% Q/Q, and Eagle Life FIA sales through banks and broker-dealers were up 77% Q/Q.
The company is expected to release Q2 2023 results on August 7, 2023.
"This significant increase in sales reflects the value proposition offered by our industry-leading FIA solutions, enhanced by our private asset strategies driving strong new money yields. Each aspect of the AEL flywheel is working seamlessly – a testament to our team's execution of the AEL 2.0 strategy – creating momentum in annuity origination and ensuring lifelong financial dignity for our policyholders," said Anant Bhalla, President, and CEO.
Last week, AEL disclosed the acquisition by Brookfield Reinsurance Ltd (NYSE:BNRE) for ~$4.3 billion.
Related: American Equity Shareholders Gain: Analyst Explores Brookfield Reinsurance Acquisition
Price Action: AEL shares closed higher by 0.38% at $53.11 after-hours on Tuesday.
