PART 1: 

American Equity Investment Life Holding Co. has reported a decent performance during the period. The company has witnessed a decline in total revenues by 10.8% compared to the same period in the previous year. The decrease is mainly due to fell in independent agent sales of fixed indexed annuities (FIA) by $594.7 million from last year. The company has earned total revenue of $1,154.9 million for the period ended June 30, 2021. However, despite the decline in revenue, the company has reported a net income of $130.9 million, significant growth compared to $14.3 million in the previous year. The company's basic and diluted earnings per share was $1.47 for the second quarter of 2021, compared to $0.16 for the same period in 2020.

The company's investment income has witnessed a decline of 18.4% for the second quarter of 2021, mainly due to net unrealized losses on the company's fixed income investment portfolio. Another significant impact on the company's financials is due to an increase in net realized losses recognized in other income related to derivatives and investments.

The company has reported a significant improvement in its balance sheet for the period. The total assets have increased by 10.4% compared to the previous period, mainly due to an increase in investment-related assets. The company has a total investment portfolio worth $60.61 billion as on June 30, 2021. The company's total liabilities have increased by 8.7% compared to the previous year, mainly due to the increase in policyholder liabilities. 

PART 2: 

Looking forward, the company's management expects a decline in sales performance to bounce back due to the fall in sales of FIA. The company is currently focusing on improving its annuity business by introducing more competitive products, increasing distribution channels and improving customer experience. The lifetime income benefit rider (LIBR), which is a new annuity product launched by the company, is witnessing growth and is expected to drive the annuity business growth in the future.

According to the CEO of American Equity, Anant Bhalla, the company has a strong focus on investments and hedging operations, which will drive future profitability. The company is also planning to increase its investments in technology and digital transformation initiatives to improve customer service and enhance the overall efficiency of the company's operations.

The company is operating in a highly competitive industry, and any change in regulatory environment, fluctuation in interest rates, and market downturns could significantly impact the company's financials. However, the company's strong balance sheet and management focus on growth strategies provide reason for investor confidence. The current interest rate environment is another factor that could impact the company's future performance. If interest rates increase, it could lead to higher investment income and profitability. The company has a significant portion of its investment portfolio in fixed income assets, and an increase in interest rates could lead to an increase in net investment income. 

Overall, the company has reported a good performance despite the decline in sales, and has made significant efforts to improve its business. The company's focus on investments, digital transformation, and product innovation provides reason for investor confidence, and the company's future performance may largely depend on the success of these initiatives.

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Form 10-Q - Quarterly report [Sections 13 or 15(d)]

American Equity Investment Life Holding Co

American Equity reports net income growth in Q2 2021 despite decline in total revenues

Form 8-K/A - Current report: [Amend] - Item 2.02

Announcement: AEL 8-K/A Special Filing Amendment

American Equity Investment Life Holding Company's first quarter 2023 results were impressive, exceeding expectations across all aspects of their business. The company's investment spread increased, while sales continued to grow in both the independent agent and bank and broker-dealer channels. The company transferred $3.8 billion of invested assets to 26North Re through an in-force reinsurance transaction in October 2022, but American Equity was able to offset this by improving investment yields, higher short-term rates on their floating rate portfolio, and their portfolio allocation to privately sourced assets. 

Overall, aggregate sales of fixed index annuities were $1.4 billion, with American Equity maintaining their position as a leading issuer of FIAs. The company is confident in its ability to manage its balance sheet while identifying both risks and opportunities in these turbulent markets and has a fortress balance sheet. The company remains confident in its ability to return capital to shareholders and selectively source private assets at very attractive risk-adjusted returns for all stakeholders with their power of AEL 2.0 gaining momentum.

The non-GAAP operating return on equity was 13.1, with a after-tax earnings per share of $1.11, leading to a trailing twelve-month basis GAAP return on equity of 30%. American Equity Investment Life Holding Company is committed to providing financial dignity to its retail clients and is working to become the partner of choice to its distribution partners and advisors. 

While there are risks and uncertainties involved, and the company's future results could differ, American Equity Investment Life Holding Company is positive about its future outlook. Overall, investors in the company should be optimistic about its future growth prospects.

Form 8-K - Current report - Item 2.02 Item 9.01

$AEL reports impressive Q1 2023 results, exceeding expectations and maintaining position as a leading issuer of fixed index annuities.

Announcement: AEL 8-K Special Filing

Form 8-K - Current report - Item 2.02 Item 7.01 Item 9.01