American Equity Investment Life Holding Company (NYSE:AEL) Q1 2022 Earnings Conference Call May 5, 2022 11:00 AM ET

Company Participants

Julie Heidemann – Coordinator of Investor Relations

Anant Bhalla – Chief Executive Officer

Axel Andre – Chief Financial Officer

Jim Hamalainen – Executive Vice President, Chief Investment Officer and Chief Client Solutions Officer

Conference Call Participants

John Barnidge – Piper Sandler

Dan Bergman – Jefferies

Erik Bass – Autonomous

Pablo Singzon – JPMorgan

Mark Hughes – Truist

Ryan Krueger – KBW

Operator

Welcome to American Equity Investment Life Holding Company's First Quarter 2022 Conference Call. At this time, for opening remarks and introductions, I would like to turn the call over to Julie Heidemann, Coordinator of Investor Relations. Ma'am, please go ahead.

Julie Heidemann

Thank you. Good morning, and welcome to American Equity Investment Life Holding Company's conference call to discuss first quarter 2022 earnings. Our earnings release and financial supplement can be found on our website at www.american-equity.com. Non-GAAP financial measures discussed on today's call and reconciliations of non-GAAP financial measures to the most comparable GAAP measures can be found in those documents or elsewhere on our Investor Relations portion of our website.

Presenting on today's call are Anant Bhalla, Chief Executive Officer; and Axel Andre, Chief Financial Officer. Some of our comments will contain forward-looking statements which refer or relate to future results, many of which we have identified in our earnings release. Our actual results could significantly differ due to many risks, including the risk factors in our SEC filings. An audio replay will be made available on our website shortly after today's call.

It is now my pleasure to introduce Anant Bhalla.

Anant Bhalla

Thanks, Julie. Good morning, and welcome to American Equity Investment Life Holding Company's conference call to discuss first quarter 2022 earnings. Our earnings release and financial supplement can be found on our website. Non-GAAP financial measures that Julie mentioned that we're going to be covering are already – may have some forward-looking statements that Julie covered, so with that behind us, let's get into really talking about how we think about the quarter and the go-forward results.

As I completed my two year anniversary as CEO this past quarter, I'm pleased to see that we have achieved three core strategic outcomes. First, we've executed on all the critical building blocks that will unlock shareholder value from the AEL 2.0 business model across the strategy pillars we outlined, specifically go-to-market, investment management and capital structure.