American Equity Investment Life pany-American Equity (AEL) Q4 Earnings Top Estimates, Rise Y/Y

American Equity Investment Life Holding Company (AEL) reported fourth-quarter 2023 adjusted net earnings of $1.99 per share, which beat the Zacks Consensus Estimate by 15%. The bottom line increased 21.3% year over year. The quarterly results reflected increased annuity product charges, improved investment income and other revenues, offset by lower premiums and higher expenses. Operational Update Operating total revenues were$ 703.7 million, up 14.3% year over year due to higher annuity product charges, net ...