American Equity ranks 18th on Fortune 100
Fortune magazine has recognized West Des Moines-based American Equity Investment Life Holding Co. as the 18th-fastest growing U.S. company on its Fortune 100 list. American Equity’s sales last year were more than $5 billion, while net income doubled to $86.2 million, driven by growing demand for guaranteed retirement income products, Fortune said in a review. “The company offers a mix of pension plans that protect the principal sum invested and enjoy tax-deferred growth,” according to the Fortune writeup. American Equity entered Fortune’s fastest-growing list last year; it was the only Iowa company on this year’s top 100 list.
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