10 Year Financial Data of American Equity Investment Life Holding Company (AEL)

15.75 (1y: +48%)

Market Cap	1.01 B	P/E(ttm)	14.40
Enterprise Value	1.57 B	P/B	0.60

AEL- NYSE (USA)
American Equity Investment Life Holding Company

Currently 1/5

Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
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$15.75

1 Severe Warning Sign 3 Medium Warning Signs 1 Good Sign

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Annual Rates (per share)	10 yrs*	5 yrs*	12 months*
Revenue Growth (%)	3.4	30.4	32.2
EBITDA Growth (%)	-3.8	17.6	508.6
Free Cash Flow Growth (%)	0	16.2	40.5
Book Value Growth (%)	9.5	31.7	20.9

*12-month growth rate is calculated with the per share revenue (EBITDA, FCF, earnings) of the last 12 months over the per share revenue (EBITDA, FCF, earnings) over the previous 12 months. 5-year and 10-year growth rates are calculated with least-square regression based on the 5-year and 10-year numbers.

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See this page for the explanation of the data and charts * All numbers are in millions except for per share data

Per Share Data	Annuals											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	TTM	Mar12	Jun12	Sep12	Dec12	Mar13

Revenue per Share ($)	21.50	11.86	14.43	16.28	11.94	6.04	20.18	19.91	17.92	24.19	25.78	9.10	3.00	7.72	4.36	10.70
EBITDA per Share	5.07	3.72	4.65	5.13	2.59	3.79	3.06	1.01	2.09	10.33	9.19	0.24	0.45	-0.19	8.29	0.64
Free Cashflow per Share	5.09	2.51	-0.57	1.01	1.38	3.94	8.72	6.43	4.28	11.93	10.40	6.94	0.66	5.04	-0.68	5.38
Earnings per Share ($)	1.21	1.08	1.09	1.34	0.50	0.39	1.18	0.68	1.37	0.89	1.09	0.16	0.30	-0.13	0.54	0.38
Dividends Per Share	0.01	0.02	0.04	0.05	0.06	0.07	0.08	0.10	0.12	0.15	0.15	--	--	--	0.15	--
Book Value per Share	12.51	7.67	13.20	10.58	10.22	8.69	12.81	14.53	22.14	26.19	25.18	20.83	24.55	26.28	25.67	25.18
Month End Stock Price	9.97	10.77	13.05	13.03	8.29	7.00	7.44	12.55	10.40	12.21	14.89	12.77	11.01	11.63	12.21	14.89
Ratios	Annuals											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Latest Q.	Mar12	Jun12	Sep12	Dec12	Mar13

Return on Equity %	9.60	14.10	8.30	12.70	4.70	4.20	9.10	4.60	6.10	3.40	6.00	3.20	4.80	-2.00	8.40	6.00
Return on Assets %	0.30	0.40	0.30	0.50	0.20	0.10	0.30	0.20	0.30	0.20	0.40	--	0.40	--	0.40	0.40
Return on Capital - Joel Greenblatt %	67.30	42.80	39.60	53.80	40.90	196	--	--	--	--	--	--	--	--	--	--
Debt to Equity	0.98	2.17	1.75	1.55	1.30	1.07	0.78	0.64	0.40	0.32	0.32	0.41	0.36	0.32	0.32	0.32

Operating Margin %	11.60	17.40	19.80	20.90	13.60	25.00	7.20	5.10	11.70	41.50	5.40	2.70	14.90	-2.50	215	5.40
Net Margin %	5.60	9.10	7.60	8.20	4.10	6.10	5.80	3.30	7.60	3.60	3.50	1.70	9.70	-1.60	12.50	3.50

Debt to Revenue	0.57	1.41	1.60	1.01	1.11	1.54	0.49	0.47	0.50	0.35	0.76	0.95	2.90	1.10	1.90	0.76
Interest Exp. to Revenue %	-2.97	-3.44	-7.35	-8.15	-7.65	-12.60	-31.89	-59.91	-72.07	-2.64	-1.40	-24.96	-79.47	-50.90	177	-1.40

Asset Turnover	0.05	0.05	0.04	0.06	0.04	0.02	0.06	0.05	0.04	0.05	0.02	0.02	0.01	0.02	0.01	0.02
Buyback Ratio	-673	-16.10	-419	-3.20	-1.20	-1.10	-1.50	-14.30	-5.40	-9.90	-27.30	-6.90	-1.80	38.20	-4.60	-27.30
Dividend Payout Ratio	0.01	0.02	0.04	0.04	0.12	0.19	0.07	0.15	0.09	0.17	--	--	--	--	0.28	--
Income Statement	Annuals (USD $) View: $ %											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	TTM	Mar12	Jun12	Sep12	Dec12	Mar13

Total Premiums Earned	34.14	37.58	39.26	53.09	12.62	65.18	76.01	81.06	88.34	102	103	22.62	25.16	27.18	26.94	24.18
Net Investment Income	359	430	554	678	720	822	932	1,036	1,219	1,287	1,290	327	320	319	321	330
Fees and Other Income	59.47	29.64	-25.66	185	-18.04	-545	181	168	-167	200	331	250	-152	158	-56.18	381
Revenue	452	497	568	916	715	342	1,189	1,286	1,140	1,589	1,724	600	193	504	292	735

Selling, General, &Admin. Expense	--	--	--	--	--	52.63	57.26	115	--	95.50	93.30	21.71	18.90	36.17	18.71	19.52
Policyholder Benefits & Claims	23.65	26.85	26.75	17.62	16.84	8.97	8.89	8.25	7.87	8.08	7.69	2.12	2.25	1.87	1.84	1.74
Policy Acquisition Expense	52.98	67.87	68.11	94.92	56.33	--	--	--	--	165	46.23	--	--	--	--	46.23
Earnings Before DDA	107	156	183	288	155	215	180	65.27	133	678	616	16.14	28.66	-12.45	555	44.13

Depreciation, Depletion and Amortization	54.26	69.30	70.11	96.77	57.71	129	93.91	--	--	18.40	-67.42	--	--	--	-72.03	4.61

Operating Income	52.37	86.64	113	192	97.51	85.31	86.16	65.27	133	660	683	16.14	28.66	-12.45	627	39.53
Net Income	25.44	45.28	42.99	75.49	28.98	20.78	68.53	42.93	86.25	57.80	73.36	10.47	18.76	-7.83	36.40	26.03

Earnings per Share ($)	1.21	1.08	1.09	1.34	0.50	0.39	1.18	0.68	1.37	0.89	1.09	0.16	0.30	-0.13	0.54	0.38
Total Shares Outstanding	21.03	41.93	39.33	56.24	59.85	56.62	58.92	64.58	63.62	65.68	68.71	65.93	64.25	65.26	67.01	68.71
Balance Sheet	Annuals (USD $) View: $ %											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Latest Q.	Mar12	Jun12	Sep12	Dec12	Mar13

Fixed Maturity Investment	5,445	6,804	4,189	4,177	5,009	10,233	12,339	16,653	21,108	24,248	25,685	20,539	21,955	22,487	24,248	25,685
Equity Investments	21.41	38.30	84.85	45.51	87.41	99.55	93.09	65.96	62.85	53.42	55.22	65.23	61.44	61.60	53.42	55.22
Net Loan	0.32	0.36	1,322	1,653	1,954	2,330	2,450	2,599	2,823	2,624	2,592	2,756	2,732	2,724	2,624	2,592
Cash and cash equivalents	32.60	62.66	112	29.95	18.89	215	528	598	405	1,269	882	2,527	1,408	2,397	1,269	882
Accounts Receivable	30.97	16.60	1.83	4.53	24.99	--	104	6.13	8.44	--	--	--	11.93	--	--	--
Deferred Policy Acquisition Costs	704	713	977	1,089	1,272	1,580	1,626	1,748	1,684	1,710	1,803	1,820	1,678	1,640	1,710	1,803
Property, Plant and Equipment	1.57	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Assets	8,989	11,114	14,043	14,990	16,394	17,088	21,312	26,427	30,875	35,133	36,853	33,039	33,134	34,598	35,133	36,853

Unpaid Loss & Loss Reserve	8,377	94.41	126	129	120	15,810	19,336	--	28,119	31,774	32,937	29,256	29,897	30,980	31,774	32,937
Unearned Premiums	--	--	--	--	--	--	--	23,656	--	--	--	--	--	--	--	--
Policyholder Funds	61.00	94.41	126	129	120	111	119	223	401	456	447	419	434	457	456	447
Current Portion of Long-Term Debt	109	265	397	386	257	258	316	331	298	310	313	301	304	307	310	313
Other liabilities	-32.60	9,831	12,335	13,172	14,748	134	517	1,011	381	623	1,169	1,412	665	892	623	1,169
Long-Term Debt	148	434	512	535	537	268	268	268	269	246	246	269	256	246	246	246
Total Liabilities	8,725	10,793	13,523	14,395	15,783	16,596	20,557	25,489	29,466	33,413	35,123	31,665	31,556	32,883	33,413	35,123

Common Stock	35.29	38.36	55.53	53.50	46.78	50.74	56.20	56.97	57.84	61.75	62.78	58.62	60.21	61.55	61.75	62.78
Preferred Stock	0.63	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Retained Earnings	42.10	86.62	112	191	216	234	312	350	429	478	504	439	458	450	478	504
Additional Paid-In Capital	208	216	379	390	387	361	422	454	468	497	504	470	483	494	497	504
Total Equity	264	322	519	595	612	492	755	938	1,409	1,720	1,730	1,374	1,578	1,715	1,720	1,730
Cashflow Statement	Annuals (USD $) View: $ %											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	TTM	Mar12	Jun12	Sep12	Dec12	Mar13

Net Income	25.44	45.28	42.99	75.49	28.98	20.78	68.53	42.93	86.25	57.80	73.36	10.47	18.76	-7.83	36.40	26.03
Depreciation, Depletion and Amortization	54.26	69.30	70.11	96.77	57.71	129	93.91	--	--	18.40	-67.42	--	--	--	-72.03	4.61
Cash Flow from Others	28.19	-6.27	-131	-115	-3.39	73.27	354	378	192	708	690	447	23.94	337	-9.70	339
Cash Flow from Operations	108	108	-17.60	57.06	83.30	223	517	420	278	784	696	458	42.70	329	-45.33	370

Investment for Property, Plant & Equipement	-0.83	-2.90	-5.01	-0.38	-0.70	-0.34	-2.97	-5.32	-5.27	-0.74	-0.63	-0.19	-0.08	-0.11	-0.36	-0.08
Cash Flow from Investing	-719	-1,510	-2,360	-618	-958	-889	-2,014	-3,116	-3,606	-2,129	-4,554	1,154	-1,660	85.57	-1,709	-1,270

Net Issuance of Stock	171	7.31	--	--	--	-26.85	1.03	4.90	4.20	5.74	12.12	0.72	0.34	2.99	1.69	7.10
Net Issuance of Debt	-132	442	132	-10.72	-128	4.52	123	43.36	-46.25	-1.14	-1.14	--	--	-0.27	-0.87	--
Cash Flow for Dividends	-0.35	-0.77	-1.62	-2.67	-3.18	-3.51	-4.46	-5.64	-6.92	-9.20	-9.20	--	--	--	-9.20	--
Other Financing	585	984	2,293	492	995	888	1,691	2,723	3,184	2,213	2,211	510	498	572	633	507
Cash Flow from Financing	623	1,432	2,423	478	864	862	1,810	2,766	3,135	2,209	2,212	511	498	575	625	514

Net Change in Cash	11.44	30.07	45.85	-82.45	-11.06	196	313	69.76	-193	864	-1,645	2,122	-1,119	990	-1,129	-386

Free Cash Flow	107	105	-22.61	56.68	82.60	223	514	415	273	784	696	458	42.62	329	-45.69	370
Valuation Ratios (Daily)	Annuals											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Latest Q.	Mar12	Jun12	Sep12	Dec12	Mar13

PE Ratio(ttm)
Price to Tangible Book
Price-to-Free-Cash-Flow ratio
PS Ratio
EV-to-Revenue
EV-to-EBITDA
EV-to-EBIT
Earnings Yield (Joel Greenblatt)
Forward Rate of Return
Shiller PE Ratio
Valuation and Quality	Annuals											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Latest Q.	Mar12	Jun12	Sep12	Dec12	Mar13

Market Cap
Enterprise Value
Month End Stock Price
Net Cash (per share)
Net Current Asset Value (per share)
DCF (per share)
Median PS (per share)
Peter Lynch Fair Value (per share)
Graham Number (per share)
Altman Z-Score
Piotroski F-Score

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AEL Quarterly/Annuals Reports

AEL: 10-Q - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Filer): (10-Q) - 2012-11-09
AEL: 10-Q - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Filer): (10-Q) - 2012-08-06
AEL: 10-Q - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Filer): (10-Q) - 2012-05-07
AEL: 10-K - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Filer): (10-K) - 2012-02-29
AEL: 10-Q - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (0001039828) (Filer): (10-Q) - 2011-11-07

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AEL Quarterly/Annuals Reports