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American Equity Announces First Quarter 2007 Sales and Schedules Quarterly Earnings Release, Conference Call and Webcast.

WEST DES MOINES, Iowa -- American Equity Investment Life Holding Company ("AEL") today announced that its annuity sales in the first quarter of 2007 totaled $444.4 million, an increase of 5% over fourth quarter 2006 sales of $421.7 million. Monthly sales during the quarter were: January -- $133.0 million; February -- $132.6 million and March -- $178.8 million. "We are pleased that sales trends are moving the right direction, and that March sales show significant momentum", commented David J. Noble, Chairman, CEO and President of American Equity. "Building the productivity of our agency force will be our primary focus in our efforts to continue to build sales throughout 2007."

AEL will announce its first quarter 2007 earnings after the close of market on Wednesday, May 2, 2007. The first quarter earnings release and financial supplement will be posted on the American Equity web site (www.american-equity.com) at that time.

AEL will hold a conference call to discuss first quarter 2007 earnings on Thursday, May 3, at 10 a.m. CDT. The conference call will be webcast live on the Internet. Investors and interested parties who wish to listen to the call on the Internet may do so at www.american-equity.com.

The call may also be accessed by telephone at 1-800-591-6942, passcode 77219974 (international callers, please dial 1-617-614-4909). An audio replay will be available shortly after the call on AEL's web site. An audio replay will also be available via telephone through, May 17, 2007, by calling 1-888-286-8010, passcode 56526159 (international callers will need to dial 1-617-801-6888).

American Equity Investment Life Holding Company, through its wholly-owned operating subsidiaries, is a full service underwriter of a broad line of annuity and insurance products with a primary emphasis on the sale of fixed-rate and index annuities. The company's headquarters are located at 5000 Westown Parkway, West Des Moines, Iowa, 50266. The mailing address of the company is: P.O. Box 71216, Des Moines, Iowa, 50325.
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Publication:Business Wire
Date:Apr 10, 2007
Words:325
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