American Equity Executes Industry Re-defining Reinsurance Partnership with Brookfield Reinsurance
American Equity Investment Life Holding Company (AEL)
Last american equity investment life holding company earnings: 2/12 04:15 pm
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US:NYSE Investor Relations:
ir.american-equity.com/investor-overview
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Source: Business Wire
WEST DES MOINES, Iowa--(BUSINESS WIRE)--American Equity Investment Life Holding Company (“American Equity”) (NYSE: AEL), announced today that it has closed its previously announced reinsurance transaction with North End Re (Cayman) SPC, a wholly owned subsidiary of Brookfield Asset Management Reinsurance Partners Ltd. (“Brookfield Reinsurance”) (NYSE, TSX: BAMR). Under the terms of the agreement, effective July 1, 2021 American Equity Investment Life Insurance Company (“American Equity Life”), one of American Equity’s primary insurance subsidiaries, will cede up to $10 billion of liabilities including both in-force and new business flow to North End Re.Transaction Overview$10 billion of liabilities to be ceded which includes approximately $4 billion of “IncomeShield” in-force statutory reserves ceded as of July 1, 2021 and up to $6 billion of future statutory reserves under a forward flow reinsurance arrangement on future sales of “IncomeShield” or other mutually agreed products.C
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- American Equity Investment Life Holding (NYSE: AEL) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- American Equity Investment Life Holding (NYSE: AEL) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
AEL
Earnings
- 2/14/24 - Beat
AEL
Sec Filings
- 4/12/24 - Form 8-K
- 4/5/24 - Form 8-K
- 3/4/24 - Form 4
- AEL's page on the SEC website