American Equity reports record first-quarter sales
American Equity Investment Life Holding Co. reported first-quarter operating income of $30.6 million, an increase of 19 percent from the first quarter of 2010.
The West Des Moines-based company reported annuity sales of $1.3 billion, which is a first-quarter record for the company, and a 58 percent increase year-over-year. Total investment assets grew 26 percent to $20.8 billion.
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