American Equity Investment Life Holding CoNYSE AEL Stock Report

American Equity Investment Life Holding Co. engages in the development and sale of fixed index and fixed rate annuity products. The company is headquartered in West Des Moines, Iowa and currently employs 840 full-time employees. The company went IPO on 2003-12-04. The firm issues fixed annuity products through its life insurance subsidiaries, American Equity Investment Life Insurance Company (American Equity Life), American Equity Investment Life Insurance Company of New York (American Equity Life of New York) and Eagle Life Insurance Company (Eagle Life). Its product types include fixed index annuities, annual reset fixed rate annuities, multi-year fixed-rate annuities and single premium immediate annuities. The firm markets its products through a variable cost distribution network, including independent agents through independent marketing organizations (IMOs), broker/dealers, banks and registered investment advisors. Its financing receivables consist of three mortgage loan portfolio segments: commercial mortgage loans, agricultural mortgage loans and residential mortgage loans.