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Article: American Equity Hits Target of $3 Billion in Year-to-Date Annuity Sales and Reports Third Quarter 2009 Operating Earnings of $28.2 Million or $0.47 Per Diluted Common Share.(Financial report)
- Article from:
- Business Wire
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WEST DES MOINES, Iowa -- American Equity Investment Life Holding Company (NYSE: AEL), a leading underwriter of fixed rate and index annuities, reported today that it achieved a long-standing goal of writing in excess of $3 billion in new annuity premium in a single year. Annuity sales for 2009 topped $3 billion in October, setting an all time sales record since AEL was founded by Executive Chairman David J. Noble in 1995. Commented Noble: "With our relentless focus on quality products and excellent service we have stepped up sales to meet increased consumer demand for principal protected products such as fixed index annuities. The steep market declines and great volatility ...