Company Information

  

Address: 6000 WESTOWN PARKWAY  
City: WEST DEMOINES 
State: IA 
Zip Code: 50266 
Telephone: 515-221-0002 

Description of Business

Primary SIC Code: 6311
(As filed with the SEC)  

We are a leader in the development and sale of fixed index and fixed rate annuity products. We were incorporated in the state of Iowa on December 15, 1995. We issue fixed annuity products through our wholly-owned life insurance subsidiaries, American Equity Investment Life Insurance Company ("American Equity Life"), American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company ("Eagle Life"). We have one business segment which represents our core business comprised of the sale of fixed index and fixed rate annuities. Our business strategy is focused on growing our policyholder funds and earning predictable returns by managing investment spreads and investment risk. We are licensed to sell our products in 50 states and the District of Columbia.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/20182.92NA10.05
12/20171.960.26015.68
06/20172.25NA11.68
03/20172.14NA11.04
12/20160.980.24023.00
09/2016-0.06NAN/E
06/20161.23NA11.59
03/20162.10NA8.00

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.20Total Liab/Total Assets0.95
Net Inc/Total Assets0.00Total Liab/Inv Cap0.95
Net Inc/Inv Cap0.00Total Liab/Comm Equity67.19
Pretax Inc/Net Sales0.08Interest Coverage Ratio8.11
Net Inc/Net Sales0.04Curr Debt/EquityNA
Cash Flow/Net Sales0.49LTD/Equity0.26
SG&A/NetSalesNATotal Debt/Equity0.26
Asset Utilization   Liquidity  
Net Receivables Turnover678.34Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&ENA  

Income Statement (Millions)

  6/30/2018 3/31/2018 12/31/2017 9/30/2017
Total Revenues(Net Sales) 685.47 118.87 1,239.27 905.95
Cost of Goods Sold 437.23 526.19 641.44 511.85
Selling & Admin Exps NA NA NA NA
Operating Income 114.24 177.61 107.74 86.79
Interest Exp 10.25 10.00 10.24 11.10
Pretax Income 114.24 177.61 107.74 86.79
Other Income 101.95 867.23 -290.89 -248.09
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 93.90 140.96 36.80 56.96

Balance Sheet (Millions)

Assets 6/30/2018 3/31/2018 12/31/2017 9/30/2017
Cash & Short Term Investments 1,259.72 723.78 1,434.05 1,285.66
Receivables - Total 31.31 NA 0.00 11.07
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment NA NA NA NA
Total Assets 61,627.50 61,301.32 62,030.74 60,379.72
Liabilities        
Accounts Payable 0.00 72.19 34.29 NA
Debt in Current Liabilities NA 137.22 NA 23.54
Total Current Liabilities NA NA NA NA
Long-Term Debt 737.11 736.88 736.66 736.12
Total Liabilities 59,200.68 58,754.33 59,180.58 57,617.05
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 90.23 89.98 89.33 88.93
Retained Earnings 1,352.09 1,258.19 1,244.78 1,231.13
Treasury Stock NA NA NA NA
Total Stockholders' Equity 2,426.83 2,546.99 2,850.16 2,762.67
Total Liabilities and Stockholders' Equity 61,627.50 61,301.32 62,030.74 60,379.72

Cash Flow Summary (Millions)

Categories 6/30/2018 3/31/2018 12/31/2017 9/30/2017
Net Cash Provided by Operating Activities 299.59 -443.18 657.60 433.39
Net Cash Provided by Investing Activities -36.06 -661.33 -684.16 -553.41
Net Cash Provided by Financing Activities 272.41 394.24 174.95 -169.23

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20132,610.69253.283.38
12/20142,168.97126.021.58
12/20151,518.94219.832.72
12/20162,220.2883.240.98
12/20173,891.65174.641.96
Growth Rates10.50-8.88-12.74

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/1830387,23496.63




Report Date : 9/24/2018

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