Below are American Equity's most recent announcements and press
releases:
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AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY ANNOUNCES FILING OF REGISTRATION STATEMENT FOR INITIAL PUBLIC OFFERING OF COMMON STOCK
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Highlights of First Six Months of 2003- $6.3 Billion in assets on a GAAP basis;
- Production exceeded $787 Million of new annuity deposits before reinsurance;
- Total licensed agents over 41,000;
- Continued to provide superior service to all of our customers;
- All new investments were of investment grade;
- Maintained our internal and external programs to align our production to 2003 and 2004 capital requirements;
- Earnings of $.67 per common share, compared to $.46 for the same period of 2002.
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Highlights of First Quarter of 2003- $6.1 Billion in assets on a GAAP basis;
- Production exceeded $319 Million of new annuity deposits before reinsurance;
- Total licensed agents over 40,000;
- Continued to provide superior service to all of our customers;
- Almost all of new investments were U.S. Agency bonds and all investments were of investment grade;
- Maintained our internal and external programs to align our production to 2003 and 2004 capital requirements;
- First Quarter 2003 GAAP earnings of $.25 per common share.*
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American Equity's 2002 Annual Report and most recent filings with the Securities and Exchange Commission are now available.
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The insurance operations for the year 2002 continued to produce solid and satisfactory results. I have reviewed the quarterly letters for the year 2002 and the December 31, 2001 letter and believe that we have discussed the majority of the significant events for these two years.
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The insurance operations for the first nine months of 2002 continued to enjoy solid and satisfying series of events.
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The insurance operations for the first six months of 2002 continued to be a solid and satisfying series of events as a result of our continued implementation of the American Equity Business Plan.
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American Equity's 2001 annual report is now available.
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The results of the first quarter of 2002 were a solid and satisfying series of events as a result of our continued implementation of the American Equity Business Plan. This Plan was developed as American Equity was organized and, fortunately, contained forward thinking, which permitted the Plan to be adapted or modified to meet changing times and conditions. The Plan has permitted the Company to maximize opportunities and manage obstacles.
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In the first three quarterly letters of 2001, we described the events at American Equity as “Excellent”, “Tremendous” and “Exciting.” These words continue to be appropriate in describing the full year with the addition of the word “Challenging.” The seriousness of the challenge commenced on September 11, 2001.
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