American Equity Investment Life Holding Co.

American Equity Investment Life Holding Co.

American Equity Investment Life Holding Co.

Overview
Date Founded

1995

Headquarters

6000 Westown Parkway,West Des Moines, IA 50266-1004

Type of Company

Public

Employees (Worldwide)

515

Industries

Insurance: Life & Health

Company Description

American Equity Investment Life Holding Co. engages in the development and sale of annuity and life insurance products through its subsidiaries. It focuses on issuing fixed index and fixed rate annuities. The company was founded by David J. Noble on December 15, 1995 and is headquartered in West Des Moines, IA.

Contact Data
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Executives & Employees

Chairman of the Board, Chief Executive Officer & President

Chief Financial Officer & Treasurer

Chief Investment Officer & Executive Vice President

Executive Vice President, General Counsel & Corporate Secretary

Assistant Vice President & Assistant Controller

Executive Vice President & Chief Human Resources Officer

President, American Equity Investment Life Insurance Company

Executive Vice President & Chief Marketing Officer

Director

Director

Board of Directors

Chairman of the Board, Chief Executive Officer & President at American Equity Investment Life Holding Co.

Former Executive Vice President-Legal & General Counsel at American Equity Investment Life Holding Co.

Chairman & President at Mabsco Capital, Inc.

Consultant at Insurance Strategies Consulting LLC

Chief Executive Officer at Knapp Properties, Inc.

Vice Chairman at Twenty Services, Inc.

Former Executive Vice President, Administration at West Bank

Senior Managing Director-Insurance Group at Griffin Financial Group LLC

Former Chief Financial Officer & Executive Vice President at Athene Holding Ltd.

Chief Information Officer at Weber-Stephen Products LLC

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American Equity Investment Life Holding Co.
Owners & Shareholders
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Snow Capital Management specializes in relative value equity management. They employ bottom-up analysis to identify undervalued, out-of-favor companies that have sound balance sheets but have been oversold due to a development or event that is likely to be temporary. Reasons may be micro-related, such as lower than expected earnings, bearish future expectations, pending litigation or failure to gain FDA approval. Reasons may also be macro-related such as inflation, interest rates, geo-political concerns or foreign exchange rates. Snow Capital identifies companies that may benefit from a potential catalytic development within their organization, industry or market segment. They look for catalysts that fuel both earnings recovery and P/E expansion that lead to a significantly higher stock price.Snow Capital's All Cap Value portfolios consist of 35 to 40 stocks that are equally weighted at the time of purchase. Stocks are selected primarily on the upside potential reflected in their target prices, but consideration is also given to constructing a diversified portfolio. No stock is allowed to exceed 10% of the portfolios market value and no industry can exceed 25%. Market-cap is not a consideration in stock selection, except that stocks with a market-cap less than $1.5 billion are limited to a one-half weight position size.The firm's Large-Cap Value portfolios consists of 40 to 60 stocks, selected primarily on the upside potential reflected in their target prices, but consideration may also be given to maintaining their 4%-7% tracking error target versus the benchmark (the Russell 1000 Value Index). Individual stock over-weights relative to the benchmark, typically up to 3%, are conviction-weighted based on the upside potential reflected in their target prices. Unattractive stocks are not held regardless of their weight in the benchmark.

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EARNEST Partners is an institutional investment firm with a global network that we believe enables us to see and to seize opportunities that other investors overlook or cannot access. The firm manages approximately $20 billion in assets for clients around the world, including corporate pension plans, state and municipal pension plans, jointly-trusteed plans, foundations, endowments and sovereign wealth funds. We also manage portfolios for high net worth individuals through the platforms of some of the largest broker dealers in the world. In addition to our separate account business, EARNEST Partners is the sole subadvisor for the Hancock Horizon Diversified International Fund, the Touchstone Total Return Bond Fund and the Harbor Small Cap Value Fund. The Firm manages Approximately $20 Billion in assets for clients around the world. Local Touch We are fundamental, bottom-up investors; our investment decisions focus on the merits of individual securities. We believe the best investment decisions are thoughtfully distilled from a pool of expertise, and we are pleased to offer our clients a team with the experience and the network to assess the relevant geopolitical issues, demographic trends and cultural considerations impacting our investments. As a component of our due diligence process, investment team members regularly perform company visits across the Americas, the Asia Pacific region, Western and Eastern Europe, the Middle East and the Sub-continent. Collectively, EARNEST Partners' stakeholders have lived and worked in dozens of countries, and are fluent in the language, commerce and culture of diverse economies that represent a significant portion of the world's economic value and future growth. We believe that identifying the most attractive investment opportunities takes the proper focus: a global focus.

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Hennessy Advisors offers an investors a wide array of mutual funds from which clients can select, with strategies that can be beneficial to nearly every portfolio allocation. The firm's products include traditional equity, specialty category and sector funds, as well as more conservative balanced and fixed income products. Hennessy Advisors utilizes both actively and passively managed strategies. Each of their funds employs a consistent and repeatable investment process, combining time-tested, stock selection strategies with a highly disciplined, team-managed approach.

Recent Transactions
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American Equity Investment Life Holding Co. issued Common Stock

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American Equity Investment Life Holding Co. issued Common Stock

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purchases American Equity Investment Life Holding Co.

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onAmerican Equity Investment Life Holding Co. issued Common Stock

Auditor

Advised onAmerican Equity Investment Life Holding Co. issued Common Stock

Lead Manager

Advised onAmerican Equity Investment Life Holding Co. issued Common Stock

Managing Director

Advised onAmerican Equity Investment Life Holding Co. issued Common Stock

Managing Director & Head, Equity Capital Markets

Advised onAmerican Equity Investment Life Holding Co. issued Common Stock

Executive Director

Advised onAmerican Equity Investment Life Holding Co. issued Common Stock

Advisors & Consultants
Legal Advisor

Partner at Simpson Thacher & Bartlett LLP

Advisor

Former Director at American Equity Investment Life Holding Co.

Key Stats and Financials As of 2017
Market Capitalization
$3.2B
Total Enterprise Value
$3.51B
Earnings Per Share
$1.93
Revenue
$2.24B
TEVNet Income
20.11x
Debt TEV
0.21x
Net Profit
$175M
Total Debt
$737M
Total Equity
$2.85B
Enterprise Value Sales
1.57x
Three Year Compounded Annual Growth Rate Of Revenue
9.97%
Five Year Compounded Annual Growth Rate Of Revenue
10.01%
Suppliers
FBL Financial Group, Inc. Insurance: Life & Health | West Des Moines, IA

FBL Financial Group, Inc. is a holding company, which engages in the sale of individual life insurance and annuity products. It operates through the Annuity, and Life Insurance segments. The Annuity segment is consists of fixed rate and indexed annuities and supplementary contracts. The Life Insurance segment is the whole life, term life, and universal life policies which provides benefits upon the death of the insured and may allow the client to build cash value on a tax-deferred basis. The company was founded in October 1993 and is headquartered in West Des Moines, IA.

Athene Holding Ltd. Insurance: Specialty | Pembroke, HA

Athene Holding Ltd. is engaged in providing retirement services. It issues and reinsures retirement savings products and institutional products. The company operates corporate activities and German operations, which comprises of participating long-duration saving products. Athene Holding was founded by James R. Belardi and Frank L. Gills in May 2009 and is headquartered in Hamilton, Bermuda.

Competitors
AIG Insurance: Property & Casualty

American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG traces its root to 1919, when American Cornelius Vander Starr established a general insurance agency, American Asiatic Underwriters, in Shanghai, China. Since then, an enterprising spirit, ingenuity, and tenacity have built the company into one of the world’s leading insurers. Today, AIG is focused on what it has been known for since the beginning: the willingness and ability to provide insurance coverage to meet the diverse needs of its clients.

Athene Holding Ltd. Reinsurance - Pembroke, HA

Athene Holding Ltd. is engaged in providing retirement services. It issues and reinsures retirement savings products and institutional products. The company operates corporate activities and German operations, which comprises of participating long-duration saving products. Athene Holding was founded by James R. Belardi and Frank L. Gills in May 2009 and is headquartered in Hamilton, Bermuda.

Guggenheim Capital LLC Investment Services & Portfolio Management - Chicago, IL

Guggenheim Capital LLC provides investment advisory and investment banking services. The firm offers financing, sales and trading, research services, insurance services, investment consulting, and institutional finance. The company was founded by Todd J. Morley and Dominic J. Curcio on August 8, 2001 and is headquartered in Chicago, IL.