American Equity Announces Record Total Enterprise Sales Of $2.2B In Q3 And Expected Date Of Q3 2023 Earnings Results As Tuesday, November 7, 2023
Portfolio Pulse from Benzinga Newsdesk
American Equity Investment Life Holding Company (AEL) announced Q3 2023 sales of $2.2 billion, primarily from fixed index annuities. This represents an 18% increase from Q2 2023 and a 203% increase from Q3 2022. AEL also announced the release date of its Q3 2023 earnings results as November 7, 2023. Due to its pending merger with Brookfield Reinsurance, AEL will not hold an earnings conference call.
October 17, 2023 | 8:22 pm
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POSITIVE IMPACT
AEL's record Q3 sales and substantial YoY growth could boost investor confidence. However, the lack of an earnings call due to the pending merger may create uncertainty.
The record sales and significant YoY growth indicate strong performance, which could positively impact AEL's stock. However, the absence of an earnings call due to the pending merger might create uncertainty among investors, potentially affecting the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100