Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO | a2018-06x30_exhibit322.htm |
| EX-32.1 - EXHIBIT 32.1 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO | a2018-06x30_exhibit321.htm |
| EX-31.2 - EXHIBIT 31.2 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO | a2018-06x30_exhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO | a2018-06x30_exhibit311.htm |
| EX-10.1 - EXHIBIT 10.1 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO | a2018-06x30_exhibit101.htm |
| 10-Q - 10-Q - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO | a2018-06x30_ael10q.htm |
Exhibit 12.1
Ratio of Earnings to Fixed Charges
Six Months Ended | Year Ended December 31, | ||||||||||||||||||||||
June 30, 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||
Consolidated income before income taxes | $ | 291,853 | $ | 316,271 | $ | 130,247 | $ | 337,314 | $ | 196,064 | $ | 389,332 | |||||||||||
Interest sensitive and index product benefits and amortization of deferred sales inducements | 1,120,581 | 2,200,280 | 976,638 | 1,177,443 | 1,605,119 | 1,525,980 | |||||||||||||||||
Interest expense on notes and loan payable | 12,746 | 30,368 | 28,248 | 28,849 | 36,370 | 38,870 | |||||||||||||||||
Interest expense on subordinated debentures | 7,508 | 14,124 | 12,958 | 12,239 | 12,122 | 12,088 | |||||||||||||||||
Interest expense on amounts due under repurchase agreements and other interest expense | 515 | 334 | 30 | 2 | 18 | 139 | |||||||||||||||||
Interest portion of rental expense | 547 | 967 | 920 | 902 | 896 | 843 | |||||||||||||||||
Consolidated earnings | $ | 1,433,750 | $ | 2,562,344 | $ | 1,149,041 | $ | 1,556,749 | $ | 1,850,589 | $ | 1,967,252 | |||||||||||
Interest sensitive and index product benefits and amortization of deferred sales inducements | $ | 1,120,581 | $ | 2,200,280 | $ | 976,638 | $ | 1,177,443 | $ | 1,605,119 | $ | 1,525,980 | |||||||||||
Interest expense on notes and loan payable | 12,746 | 30,368 | 28,248 | 28,849 | 36,370 | 38,870 | |||||||||||||||||
Interest expense on subordinated debentures | 7,508 | 14,124 | 12,958 | 12,239 | 12,122 | 12,088 | |||||||||||||||||
Interest expense on amounts due under repurchase agreements and other interest expense | 515 | 334 | 30 | 2 | 18 | 139 | |||||||||||||||||
Interest portion of rental expense | 547 | 967 | 920 | 902 | 896 | 843 | |||||||||||||||||
Combined fixed charges | $ | 1,141,897 | $ | 2,246,073 | $ | 1,018,794 | $ | 1,219,435 | $ | 1,654,525 | $ | 1,577,920 | |||||||||||
Ratio of consolidated earnings to fixed charges | 1.3 | 1.1 | 1.1 | 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 | 14.7 | 7.9 | 4.1 | 9.0 | 5.0 | 8.5 | |||||||||||||||||