American Equity Investment Life Holding Co. (AEL), Wednesday reported first-quarter net income of $26.0 million or $0.38 per share, up from $10.5 million or $0.16 per share last year.
Non-GAAP operating income for the first quarter was $33.5 million or $0.49 per share, compared to $29.8 million or $0.46 per share last year.
Total revenues for the quarter grew to $735.2 million from $599.7 million last year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.44 per share on revenues of $326.46 million for the quarter. Analysts' estimates typically exclude special items.
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