American Equity Investment Life Holding Company (NYSE: AEL-PB) provides fixed index and fixed annuity products to individual policyholders through its subsidiaries. The company offers a range of retirement savings products, including fixed indexed annuities (FIAs) such as Equity Index Annuity, Index Max Annuity, and Bonus Choice Annuity; fixed rate annuities like American Equity Annuity and Eagle Life Annuity; and multi-year guaranteed annuities (MYGAs). These products feature guaranteed lifetime withdrawal benefits (GLWBs), lifetime income riders, and death benefit options, targeting retirees and near-retirees seeking principal protection and income security. American Equity operates primarily in the U.S. annuity market, distributing through independent marketing organizations, broker-dealers, and registered investment advisors. Founded in 1995 and headquartered in West Des Moines, Iowa, the company maintains no notable subsidiaries or parent relationships beyond its insurance operating units. In 2023, American Equity underwent a significant strategic shift through its acquisition by Brookfield Reinsurance Ltd. in a $4.3 billion all-cash transaction, marking its transition to a privately held entity focused on reinsurance and asset-intensive insurance strategies. This deal, completed in May 2023, integrated American Equity's annuity portfolio into Brookfield's platform, enabling expanded reinsurance capabilities and no major subsequent acquisitions, partnerships, or product launches reported as of late 2025.