American Equity Declares Annual Cash Dividend on Common Stock

  American Equity Declares Annual Cash Dividend on Common Stock

Business Wire

WEST DES MOINES, Iowa -- November 15, 2012

American Equity Investment Life Holding Company (NYSE: AEL), a leading
underwriter of index and fixed rate annuities, today announced that its Board
of Directors has declared an annual cash dividend of $0.15 per share to owners
of its common stock. This is a 25% increase from the $0.12 annual dividend
declared on November 16, 2011. This marks the fourteenth consecutive year a
cash dividend has been declared and the ninth year in a row that the Company
has increased its cash dividend.

The dividend will be payable on December 17, 2012 to shareholders of record as
of December 3, 2012. There are 62,810,435 shares of common stock outstanding
as of November 14, 2012.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of
The Private Securities Litigation Reform Act of 1995. Forward-looking
statements relate to future operations, strategies, financial results or other
developments, and are subject to assumptions, risks and uncertainties.
Statements such as “guidance”, “expect”, “anticipate”, “believe”, “goal”,
“objective”, “target”, “may”, “should”, “estimate”, “projects” or similar
words as well as specific projections of future results qualify as
forward-looking statements. Factors that may cause our actual results to
differ materially from those contemplated by these forward looking statements
can be found in the company’s Form 10-K filed with the Securities and Exchange
Commission. Forward-looking statements speak only as of the date the statement
was made and the company undertakes no obligation to update such
forward-looking statements. There can be no assurance that other factors not
currently anticipated by the company will not materially and adversely affect
our results of operations. Investors are cautioned not to place undue reliance
on any forward-looking statements made by us or on our behalf.

ABOUT AMERICAN EQUITY

American Equity Investment Life Holding Company, through its wholly-owned
operating subsidiaries, is a full service underwriter of a broad line of fixed
annuity and life insurance products, with a primary emphasis on the sale of
index and fixed rate annuities. American Equity Investment Life Holding
Company, a New York Stock Exchange Listed company (NYSE: AEL), is
headquartered in West Des Moines, Iowa. For more information, visit
www.american-equity.com.

Contact:

American Equity Investment Life Holding Company
John M. Matovina, Chief Executive Officer
515-457-1813, jmatovina@american-equity.com
or
Ted M. Johnson, Chief Financial Officer
515-457-1980, tjohnson@american-equity.com
or
Julie L. LaFollette, Director of Investor Relations
515-273-3602, jlafollette@american-equity.com
or
Debra J. Richardson, Chief Administrative Officer
515-273-3551, drichardson@american-equity.com
 
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