Compared to Estimates, American Equity (AEL) Q4 Earnings: A Look at Key Metrics

Core Insights - American Equity Investment (AEL) reported revenue of $582.18 million for Q4 2023, marking an 8.2% year-over-year increase and surpassing the Zacks Consensus Estimate by 1.23% [1] - The earnings per share (EPS) for the same quarter was $1.99, a significant increase from $0.79 a year ago, exceeding the consensus EPS estimate of $1.73 by 15.03% [1] Financial Performance Metrics - Net investment income was reported at $582.18 million, exceeding the average estimate of $575.10 million from four analysts, with a year-over-year change of +8.2% [2] - Premiums and other considerations totaled $2.66 million, falling short of the two-analyst average estimate of $3.10 million, reflecting a year-over-year decline of -11.2% [2] - Annuity product charges reached $96.95 million, significantly higher than the estimated $64.08 million from two analysts, representing a year-over-year increase of +57.2% [2] - Other revenue was reported at $21.97 million, slightly above the average estimate of $21.27 million from two analysts, with a year-over-year change of +45.1% [2] Stock Performance - Over the past month, shares of American Equity have returned -0.2%, contrasting with the Zacks S&P 500 composite's increase of +3.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]