American Equity Had A Mighty MYGA Year

May 11, 2021 by Steve Morelli

American Equity struck gold with multi-year guaranteed annuities over the past year capped by a record-breaking first quarter, but the company’s CEO pledged that the carrier will return to its fixed indexed annuity base this year.

The company recorded all-time record sales of $2.4 billion, up 32% from the fourth quarter of 2020 and 245% year over year, CEO Anant Bhalla said during a first quarter results conference call for American Equity Investment Life Holding Co. Sales broke the previous record of $2.1 billion set in the fourth quarter of 2015.

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Originally Posted at InsuranceNewsNet on May 7, 2021 by Steve Morelli.