American Equity moves $2B in second-quarter annuities as sale nears
July 18, 2023 by John Hilton
American Equity celebrated another milestone in its remarkable turnaround with $2 billion in second-quarter annuity sales.
The Des Moines, Iowa insurer will release full second-quarter results Aug. 7. Of the $2 billion, 94% were fixed-indexed annuities, American Equity said in a news release. Total enterprise FIA sales increased 94% compared to the first quarter of 2023 and 141% compared to the second quarter of 2022, the release said.
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Wink’s Moore on the Market: What changes do you foresee as a result of the Brookfield acquisition of American Equity?
I am calling business as usual for awhile.
Then- economies of scale must be reached.
Will American National become the life company, and AEL the annuity company?
Will one company be folded into the other?
Time will tell. – sjm
