American Equity CEO: Sale Rumors Hurting Distribution Partner

August 8, 2018 by John Hilton

American Equity reported healthy second-quarter earnings today and announced new product plans, but CEO John Matovina conceded that persistent rumors of a company sale are making life tough for some distributors.

Based in Des Moines, Iowa, American Equity is partly responsible for some of the rumors. The company put out a May 23 press release confirming that it “is in preliminary discussions regarding a potential transaction,” the statement read.

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American Equity is a strong performer in the indexed annuity market, ranking fourth this year in Wink’s Sales & Market Report.

Originally Posted at InsuranceNewsNet on August 7, 2018 by John Hilton.