Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO | ael10q093010.htm |
| EX-31.2 - EXHIBIT 31.2 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO | aelexhibit312093010.htm |
| EX-31.1 - EXHIBIT 31.1 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO | aelexhibit311093010.htm |
| EX-32.1 - EXHIBIT 32.1 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO | aelexhibit321093010.htm |
| EX-32.2 - EXHIBIT 32.2 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO | aelexhibit322093010.htm |
| EX-10.2 - EXHIBIT 10.2 - AMERICAN EQUITY INVESTMENT LIFE HOLDING CO | aelexhibit102093010.htm |
Exhibit 12.1
Ratio of Earnings to Fixed Charges
Nine Months Ended | Year Ended December 31, | ||||||||||||||||||||||
September 30, 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||
Consolidated income before income taxes and minority interests | $ | 51,389 | $ | 86,164 | $ | 77,053 | $ | 38,144 | $ | 116,029 | $ | 66,736 | |||||||||||
Interest credited to account balances and amortization of deferred sales inducements | 606,358 | 387,882 | 235,836 | 571,917 | 429,062 | 311,479 | |||||||||||||||||
Interest expense on notes payable | 14,264 | 14,853 | 19,773 | 20,916 | 21,278 | 20,482 | |||||||||||||||||
Interest expense on subordinated debentures | 11,206 | 15,819 | 19,445 | 22,520 | 21,354 | 14,145 | |||||||||||||||||
Interest expense on amounts due under repurchase agreements and other interest expense | — | 534 | 8,207 | 15,926 | 32,931 | 11,280 | |||||||||||||||||
Interest portion of rental expense | 485 | 570 | 459 | 468 | 431 | 388 | |||||||||||||||||
Consolidated earnings | $ | 683,702 | $ | 505,822 | $ | 360,773 | $ | 669,891 | $ | 621,085 | $ | 424,510 | |||||||||||
Interest credited to account balances and amortization of deferred sales inducements | 606,358 | 387,882 | 235,836 | 571,917 | 429,062 | 311,479 | |||||||||||||||||
Interest expense on notes payable | 14,264 | 14,853 | 19,773 | 20,916 | 21,278 | 20,482 | |||||||||||||||||
Interest expense on subordinated debentures | 11,206 | 15,819 | 19,445 | 22,520 | 21,354 | 14,145 | |||||||||||||||||
Interest expense on amounts due under repurchase agreements and other interest expense | — | 534 | 8,207 | 15,926 | 32,931 | 11,280 | |||||||||||||||||
Interest portion of rental expense | 485 | 570 | 459 | 468 | 431 | 388 | |||||||||||||||||
Combined fixed charges | $ | 632,313 | $ | 419,658 | $ | 283,720 | $ | 631,747 | $ | 505,056 | $ | 357,774 | |||||||||||
Ratio of consolidated earnings to fixed charges | 1.1 | 1.2 | 1.3 | 1.1 | 1.2 | 1.2 | |||||||||||||||||
Ratio of consolidated earnings to fixed charges, excluding interest credited to account balances and amortization of deferred sales inducements | 3.0 | 3.7 | 2.6 | 1.6 | 2.5 | 2.4 | |||||||||||||||||