American Equity (AEL) Q4 Earnings Top Estimates, Rise Y/Y
American Equity Investment Life pany(AEL) Zacks Investment Research·2024-02-15 22:36
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 ...