Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO | ael_10q033111.htm |
| EX-32.2 - EXHIBIT 32.2 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO | ael_exhibit322033111.htm |
| EX-32.1 - EXHIBIT 32.1 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO | ael_exhibit321033111.htm |
| EX-31.1 - EXHIBIT 31.1 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO | ael_exhibit311033111.htm |
| EX-31.2 - EXHIBIT 31.2 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO | ael_exhibit312033111.htm |
Exhibit 12.1
Ratio of Earnings to Fixed Charges
Three Months Ended | Year Ended December 31, | ||||||||||||||||||||||
March 31, 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||
Consolidated income before income taxes and minority interests | $ | 48,266 | $ | 65,266 | $ | 86,164 | $ | 77,053 | $ | 38,144 | $ | 116,029 | |||||||||||
Interest sensitive and index product benefits and amortization of deferred sales inducements | 190,357 | 793,091 | 387,882 | 235,836 | 571,917 | 429,062 | |||||||||||||||||
Interest expense on notes payable | 7,907 | 22,125 | 14,853 | 19,773 | 20,916 | 21,278 | |||||||||||||||||
Interest expense on subordinated debentures | 3,466 | 14,906 | 15,819 | 19,445 | 22,520 | 21,354 | |||||||||||||||||
Interest expense on amounts due under repurchase agreements and other interest expense | 4 | — | 534 | 8,207 | 15,926 | 32,931 | |||||||||||||||||
Interest portion of rental expense | 163 | 648 | 570 | 459 | 468 | 431 | |||||||||||||||||
Consolidated earnings | $ | 250,163 | $ | 896,036 | $ | 505,822 | $ | 360,773 | $ | 669,891 | $ | 621,085 | |||||||||||
Interest sensitive and index product benefits and amortization of deferred sales inducements | $ | 190,357 | $ | 793,091 | $ | 387,882 | $ | 235,836 | $ | 571,917 | $ | 429,062 | |||||||||||
Interest expense on notes payable | 7,907 | 22,125 | 14,853 | 19,773 | 20,916 | 21,278 | |||||||||||||||||
Interest expense on subordinated debentures | 3,466 | 14,906 | 15,819 | 19,445 | 22,520 | 21,354 | |||||||||||||||||
Interest expense on amounts due under repurchase agreements and other interest expense | 4 | — | 534 | 8,207 | 15,926 | 32,931 | |||||||||||||||||
Interest portion of rental expense | 163 | 648 | 570 | 459 | 468 | 431 | |||||||||||||||||
Combined fixed charges | $ | 201,897 | $ | 830,770 | $ | 419,658 | $ | 283,720 | $ | 631,747 | $ | 505,056 | |||||||||||
Ratio of consolidated earnings to fixed charges | 1.2 | 1.1 | 1.2 | 1.3 | 1.1 | 1.2 | |||||||||||||||||
Ratio of consolidated earnings to fixed charges, both excluding interest sensitive and index product benefits and amortization of deferred sales inducements | 5.2 | 2.7 | 3.7 | 2.6 | 1.6 | 2.5 | |||||||||||||||||