American Equity Investment Life Holding Company - AEL STOCK NEWS

American Equity Investment Life Holding Company (NYSE: AEL) plans to release its third quarter 2022 earnings on November 7, 2022, after market close. A conference call will be held on November 8 at 10:00 a.m. CDT to discuss financial results and future outlook. The call will cover business operations, investments, and potential projections, acknowledging associated risks. Interested participants can register via telephone or the internet through the company’s IR website, with recordings available for 30 days post-call.

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Ratings of 'a-' (Excellent) for American Equity Investment Life Insurance Company (AEILIC) and its subsidiaries, collectively referred to as AEL. The outlook for these ratings is stable, reflecting AEL's strong operating performance, adequate balance sheet strength, and effective enterprise risk management. AEL's risk-based capital has improved significantly due to a revised investment strategy aimed at diversifying earnings. In 2021, AEL reported record sales of approximately $6 billion, although future sales growth remains uncertain.

Eagle Life Insurance Company has partnered with InvestCloud to enhance financial planning for clients using Eagle Life's fixed index annuities (FIAs). This collaboration allows financial professionals to access detailed product information on the InvestCloud platform, enabling tailored strategies for clients. Eagle Life’s products include the Eagle Select Income Focus and the Eagle Select Focus Series. The initiative aims to support retirement planning amidst rising inflation and market volatility, enhancing the customization of client strategies.

American Equity Investment Life Holding Company (NYSE: AEL) reported Q2 2022 net income of $349.7 million, or $3.74 per diluted share. Non-GAAP operating income was $91.1 million, slightly down from $93.8 million year-over-year. The firm repurchased $189 million in shares, reinforcing its capital return commitment. The investment spread expanded to 2.64%, driven by stronger residential real estate returns. However, FIA sales fell 13% year-over-year to $781 million, reflecting macroeconomic challenges and decreased demand in key channels.

American Equity Investment Life Holding Company (NYSE: AEL) will release its second quarter 2022 earnings after market close on August 8, 2022. The financial results will be available on their IR website. A conference call to discuss these results is scheduled for August 9, 2022, at 10:00 a.m. CDT. The call will cover financial conditions and strategies, including forward-looking statements. Interested parties can register via telephone or online to access the call, with an audio replay available for 30 days afterward.

American Equity Investment Life Holding Company (NYSE: AEL) declared cash dividends on its Series A and Series B Preferred Stock. The Series A dividend is set at $371.875 per share, equivalent to $0.371875 per depositary share, while the Series B dividend stands at $414.0625 per share, or $0.4140625 per depositary share. Both dividends will be paid on September 1, 2022, to shareholders of record as of August 15, 2022. Depositary shares are traded on the NYSE under the symbols AELPRA and AELPRB.

American Equity Investment Life Holding Company (NYSE: AEL) reported Q1 2022 net income of $555.3 million, or $5.67 per diluted share, showing a year-over-year decline in earnings per share from $2.82 in Q1 2021. Non-GAAP operating income rose to $89.9 million, reflecting strong investment yields. The company repurchased $253 million in shares and sourced approximately $900 million in private assets. FIA sales hit $902 million, a 33% increase year-over-year, although down 10% sequentially. Expansion with Brookfield's North End Re increases product offerings and funding capacity.

American Equity Investment Life Holding Company (NYSE: AEL) has declared dividends for its preferred stocks. Shareholders will receive a cash dividend of $371.875 per share for the Series A Preferred Stock and $414.0625 per share for the Series B Preferred Stock, both payable on June 1, 2022. The record date for these dividends is May 15, 2022. These dividends reflect the company's ongoing commitment to shareholder returns. Depositary receipts for both series are traded on the NYSE under the respective symbols AELPRA and AELPRB.

Eagle Life Insurance Company has announced enhancements to its fixed index annuity portfolio, introducing two new indices and a Performance Rate Rider aimed at increasing growth potential and diversification. The new indices include the Franklin Global Trends Index, which offers global asset class diversification, and the Invesco Dynamic Growth Index, focusing on U.S. equities and bonds across economic cycles. The Performance Rate Rider allows clients to increase participation rates, potentially enhancing interest credited to their annuities. These changes are designed to enrich clients' retirement savings experience.