American Equity Investment Life
Holding Co. on Wednesday reported fourth quarter 2013 net income of $51
million, or 64 cents per share, compared with year-earlier net income of $36.4
million, or 55 cents per share. The West Des Moines-based annuity underwriter
sold $1.09 billion in annuities in the fourth quarter, up from $1.05 billion in
sales in the third quarter. "2013 was a year during which we delivered 14
percent growth in assets under management, sustained a double-digit return on
average equity, and increased the cushion to our targeted regulatory capital
ratio," said David Noble, founder and executive chairman, in a release.
"Importantly for both our policyholders and shareholders, we achieved this
success while conservatively managing our risks and financial profile."