American Equity Investment Life Holding Co. on Wednesday reported second-quarter net income of $36.7 million, or 46 cents per share, compared with year-ago net income of $120.1 million, or $1.71 per share. Annuity sales before coinsurance were $1.04 billion compared to first quarter 2014 annuity sales of $921 million. Executive Chairman David Noble said the company will launch three initiatives in early August to increase sales, with a goal of at least 10 percent annual growth in policyholder liabilities under management and a double-digit operating return on average equity. American Equity will hold a conference call to discuss second quarter 2014 earnings that will be webcast on its website today at 11 a.m. and will be available for replay after the call.