American Equity Investment Life Holding Co. Files Amendment No. 1 to 2023 Annual Report

TL;DR

<b>American Equity Investment Life Holding Co. has filed an amendment to its 2023 annual report, providing updated information for its fiscal year ending December 31, 2023.</b>

AI Summary

AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (ANG-PD) filed a Amended Annual Report (10-K/A) with the SEC on April 29, 2024. Filing is an amendment (10-K/A) to the annual report for the fiscal year ended December 31, 2023. The company is registered under the SIC code 6311 for Life Insurance. Filed as of April 29, 2024, with the SEC. Principal executive offices located at 6000 Westown Parkway, West Des Moines, Iowa. Common stock (AEL), Series A Preferred Stock (AELPRA), and Series B Preferred Stock (AELPRB) are registered on the New York Stock Exchange.

Why It Matters

For investors and stakeholders tracking AMERICAN EQUITY INVESTMENT LIFE HOLDING CO, this filing contains several important signals. This amendment indicates potential updates or corrections to the previously filed annual report, which could affect the company's financial or operational disclosures. The filing confirms the company's status as a well-known seasoned issuer and its compliance with SEC filing requirements for the past 90 days.

Risk Assessment

Risk Level: low — AMERICAN EQUITY INVESTMENT LIFE HOLDING CO shows low risk based on this filing. The filing is an amendment to a previous report, suggesting it's a procedural update rather than a significant event, thus posing low immediate risk.

Analyst Insight

Review the specific changes made in Amendment No. 1 to the 10-K filing to understand any material updates to American Equity Investment Life Holding Co.'s financial or operational status.

Key Numbers

• 2023 — Fiscal Year End (Fiscal year ended December 31, 2023)
• 2024-04-29 — Filing Date (Filed as of date)
• 001-31911 — SEC File Number (Commission File Number)
• 6311 — SIC Code (Standard Industrial Classification)

Key Players & Entities

• AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (company) — Filer name
• 0001039828-24-000033 (filing_id) — Accession Number
• 20231231 (date) — Fiscal year end
• 20240429 (date) — Filing date
• 6000 Westown Parkway (address) — Principal executive offices street
• West Des Moines (address) — Principal executive offices city
• IA (state) — Principal executive offices state
• 50266 (zip_code) — Principal executive offices zip

FAQ

Industry Context

The company operates in the life insurance industry, a sector characterized by regulatory oversight and financial market sensitivity.

Regulatory Implications

The filing is subject to SEC regulations governing annual reports and amendments for publicly traded companies.

What Investors Should Do

1. Analyze the specific amendments made in this 10-K/A filing.
2. Review the company's financial health and operational disclosures for the fiscal year 2023.
3. Monitor future filings for any further updates or significant changes.

Year-Over-Year Comparison

This is an amended filing (10-K/A), indicating updates to the original 10-K filing for the fiscal year ended December 31, 2023.

Key Financial Figures

• $1 — ich registered Common stock, par value $1 AEL New York Stock Exchange Depositary
• $52.11 — 8,960,860 based on the closing price of $52.11 per share, the closing price of the com

Filing Documents

• ael-20231231.htm (10-K/A) — 599KB
• a2024ex313.htm (EX-31.3) — 5KB
• a2024ex314.htm (EX-31.4) — 5KB
• 0001039828-24-000033.txt (&nbsp;) — 942KB
• ael-20231231.xsd (EX-101.SCH) — 3KB
• ael-20231231_def.xml (EX-101.DEF) — 23KB
• ael-20231231_lab.xml (EX-101.LAB) — 44KB
• ael-20231231_pre.xml (EX-101.PRE) — 26KB
• ael-20231231_htm.xml (XML) — 9KB

Executive Compensation

Executive Compensation 6 I tem 12.

Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters 24 I tem 13. Certain Relationships and Related Transactions and Director Independence 25 I tem 14. Principal Accounting Fees and Services 26 PART IV Item 15. Exhibits , Financial Stateme nt Schedules 27 S ignatures 32 PART III

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance Board Composition The directors and their ages, occupations, length of service of our board of directors, and committee assignments as of April 1, 2024 are as follows: Class I Directors: Anant Bhalla , 45, has served as a director since January 2020. Effective January 27, 2020, Mr. Bhalla was appointed our President, and effective March 1, 2020, he was appointed our Chief Executive Officer ( CEO ). Prior to that, Mr. Bhalla was a partner of Bhalla Capital Partners, a private capital and asset management firm, from March 2019 to January 2020. From 2016 until 2019, he served as Executive Vice President and Chief Financial Officer of Brighthouse Financial, Inc., an insurance and financial services company. From 2014 until 2016, he served as Chief Financial Officer of Retail Business for MetLife, an insurance and financial services company. Prior to MetLife, Mr. Bhalla served in numerous senior roles including Chief Risk Officer, Treasurer, and other management roles at Fortune 500 companies, including American International Group, Lincoln National Corporation, and Ameriprise Financial Services. Mr. Bhalla is also a director of the Greater Des Moines Partnership, an economic and community development organization; USL Pro Iowa, a professional sports organization; and Kadenze Inc., an educational technology company. Our Board of Directors concluded that Mr. Bhalla should serve as a director in light of his expertise in insurance and financial services, strategy and execution, risk management, talent management and development, finance and accounting, investment management, entrepreneurship, technology and cybersecurity, brand and marketing, regulation, and public company leadership, as well as knowledge of our Company and strategy. Committee assignments: None. Alan D. Matula , 63, has served as a director since December 2015. He serves as the Chief Executive Officer, member of the board of directors, an

View Full Filing

View this 10-K/A filing on SEC EDGAR