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American Equity Investment Life Holding Company (NYSE:AEL) ("AEL") today announced that its third-quarter 2023 sales totaled $2.2 billion, substantially all of which were in fixed index annuities. AEL also announced that it will release its third quarter 2023 earnings results after the market closes on Tuesday, November 7, 2023. The press release and financial supplement will be posted on the American Equity IR website at https://ir.american-equity.com/ at that time.
In light of AEL's pending merger with Brookfield Reinsurance ((NYSE, TSX:BNRE), AEL will not be holding an earnings conference call with investors.
FIA SALES INCREASE 18% FROM PRIOR SEQUENTIAL QUARTER
Third quarter 2023 sales were $2.2 billion, of which 99% were in fixed index annuities. Total enterprise FIA sales increased 18% compared to the second quarter of 2023 and 203% compared to the third quarter of 2022.
Compared to the second quarter of 2023, FIA sales at American Equity Life in the Independent Marketing Organization (IMO) channel increased 17%, while Eagle Life FIA sales through banks and broker-dealers rose 23%.
Posted In: AEL
