Exhibit 99.2

AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY

Financial Supplement

June 30, 2013

A.	Financial Highlights
	Condensed Consolidated Balance Sheets	1
	Consolidated Statements of Operations	2
	Quarterly Summary - Most Recent 5 Quarters	3
	Non-GAAP Financial Measures
	Reconciliation from Net Income to Operating Income	4
	Summary of Adjustments to Arrive at Operating Income	5
	Quarterly Summary - Reconciliation from Net Income (Loss) to Operating Income	6
	Quarterly Summary - Summary of Adjustments to Arrive at Operating Income	6
	Capitalization/Book Value per Share	7
	Spread Results	8
B.	Product Summary
	Summary of Cost of Money for Deferred Annuities	8
	Annuity Account Balance Rollforward	8
	Annuity Deposits by Product Type	9
	Surrender Charge Protection and Account Values by Product Type	9
	Annuity Liability Characteristics	10
C.	Investment Summary
	Summary of Invested Assets	13
	Credit Quality of Fixed Maturity Securities	13
	Watch List Securities	14
	Summary of Residential Mortgage Backed Securities	14
	Fixed Maturity Securities by Sector	15
	Mortgage Loans on Commercial Real Estate	16
D.	Shareholder Information	17
E.	Research Analyst Coverage	18

AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY

Financial Supplement-June 30, 2013

AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY

CONDENSED CONSOLIDATED BALANCE SHEETS

(Dollars in thousands)

	June 30, 2013			December 31, 2012
	(Unaudited)
Assets
Investments:
Fixed maturity securities:
Available for sale, at fair value	$	25,545,642		$	24,172,136
Held for investment, at amortized cost	76,170			76,088
Equity securities, available for sale, at fair value	9,790			53,422
Mortgage loans on real estate	2,583,703			2,623,940
Derivative instruments	629,135			415,258
Other investments	208,635			196,366
Total investments	29,053,075			27,537,210
Cash and cash equivalents	746,889			1,268,545
Coinsurance deposits	2,944,726			2,910,701
Accrued investment income	287,692			261,833
Deferred policy acquisition costs	2,147,252			1,709,799
Deferred sales inducements	1,646,164			1,292,341
Deferred income taxes	153,701			—
Income taxes recoverable	1,645			—
Other assets	307,406			153,049
Total assets	$	37,288,550		$	35,133,478
Liabilities and Stockholders' Equity
Liabilities:
Policy benefit reserves	$	33,635,600		$	31,773,988
Other policy funds and contract claims	440,217			455,752
Notes payable	303,126			309,869
Subordinated debentures	245,958			245,869
Amounts due under repurchase agreements	160,436			—
Deferred income taxes	—			49,303
Income taxes payable	—			4,756
Other liabilities	1,061,137			573,704
Total liabilities	35,846,474			33,413,241
Stockholders' equity:
Common stock	63,501			61,751
Additional paid-in capital	512,613			496,715
Unallocated common stock held by ESOP	(2,009		)	(2,583		)
Accumulated other comprehensive income	244,280			686,807
Retained earnings	623,691			477,547
Total stockholders' equity	1,442,076			1,720,237
Total liabilities and stockholders' equity	$	37,288,550		$	35,133,478

Page 1

AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY

Financial Supplement-June 30, 2013

AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY

CONSOLIDATED STATEMENTS OF OPERATIONS

(Dollars in thousands, except per share data)

(Unaudited)

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Revenues:
Traditional life insurance premiums	$	2,913		$	3,248		$	5,611		$	6,470
Annuity product charges	23,511			21,908			44,992			41,301
Net investment income	336,143			320,259			665,833			647,169
Change in fair value of derivatives	64,040			(150,847		)	438,002			108,314
Net realized gains (losses) on investments, excluding other than temporary impairment ("OTTI") losses	15,689			(611		)	26,274			(6,687		)
OTTI losses on investments:
Total OTTI losses	(2,775		)	(375		)	(4,964		)	(2,156		)
Portion of OTTI losses recognized from other comprehensive income	—			(603		)	(1,048		)	(1,703		)
Net OTTI losses recognized in operations	(2,775		)	(978		)	(6,012		)	(3,859		)
Loss on extinguishment of debt	(589		)	—			(589		)	—
Total revenues	438,932			192,979			1,174,111			792,708
Benefits and expenses:
Insurance policy benefits and change in future policy benefits	2,106			2,250			3,841			4,367
Interest sensitive and index product benefits	336,025			142,733			561,834			281,856
Amortization of deferred sales inducements	120,536			25,940			149,367			42,650
Change in fair value of embedded derivatives	(408,409		)	(80,989		)	(45,137		)	278,077
Interest expense on notes payable	6,780			7,072			14,028			14,067
Interest expense on subordinated debentures	3,018			3,563			6,027			7,149
Amortization of deferred policy acquisition costs	169,270			44,848			215,500			79,132
Other operating costs and expenses	24,851			18,902			44,371			40,615
Total benefits and expenses	254,177			164,319			949,831			747,913
Income before income taxes	184,755			28,660			224,280			44,795
Income tax expense	64,642			9,901			78,136			15,565
Net income	$	120,113		$	18,759		$	146,144		$	29,230
Earnings per common share	$	1.87		$	0.31		$	2.29		$	0.49
Earnings per common share - assuming dilution	$	1.71		$	0.30		$	2.09		$	0.46
Weighted average common shares outstanding (in thousands):
Earnings per common share	64,254			59,943			63,787			59,822
Earnings per common share - assuming dilution	70,382			64,254			69,882			64,230

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AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY

Financial Supplement-June 30, 2013

Quarterly Summary - Most Recent 5 Quarters (Unaudited)

	Q2 2013			Q1 2013			Q4 2012			Q3 2012			Q2 2012
	(Dollars in thousands, except per share data)
Revenues:
Traditional life insurance premiums	$	2,913		$	2,698		$	3,107		$	3,300		$	3,248
Surrender charges	11,292			11,502			10,153			11,240			12,135
Lifetime income benefit rider fees	12,219			9,979			13,677			12,635			9,773
Net investment income	336,143			329,690			321,160			318,594			320,259
Change in fair value of derivatives	64,040			373,962			(48,266		)	161,090			(150,847		)
Net realized gains (losses) on investments, excluding OTTI	15,689			10,585			1,471			(1,238		)	(611		)
Net OTTI losses recognized in operations	(2,775		)	(3,237		)	(9,387		)	(1,686		)	(978		)
Loss on extinguishment of debt	(589		)	—			—			—			—
Total revenues	438,932			735,179			291,915			503,935			192,979
Benefits and expenses:
Insurance policy benefits and change in future policy benefits	2,106			1,735			1,843			1,865			2,250
Interest sensitive and index product benefits (a)	336,025			225,809			290,126			246,105			142,733
Amortization of deferred sales inducements (b)	120,536			28,831			36,798			7,709			25,940
Change in fair value of embedded derivatives	(408,409		)	363,272			(179,379		)	188,201			(80,989		)
Interest expense on notes payable	6,780			7,248			7,271			7,141			7,072
Interest expense on subordinated debentures	3,018			3,009			3,074			3,235			3,563
Amortization of deferred policy acquisition costs (b)	169,270			46,230			59,833			25,954			44,848
Other operating costs and expenses (c)	24,851			19,520			18,710			36,170			18,902
Total benefits and expenses	254,177			695,654			238,276			516,380			164,319
Income (loss) before income taxes	184,755			39,525			53,639			(12,445		)	28,660
Income tax expense (benefit)	64,642			13,494			17,242			(4,616		)	9,901
Net income (loss) (a) (b) (c)	$	120,113		$	26,031		$	36,397		$	(7,829	)	$	18,759
Earnings (loss) per common share	$	1.87		$	0.41		$	0.58		$	(0.13	)	$	0.31
Earnings (loss) per common share - assuming dilution (a) (b) (c)	$	1.71		$	0.38		$	0.55		$	(0.13	)	$	0.30
Weighted average common shares outstanding (in thousands):
Earnings (loss) per common share	64,254			63,314			62,856			62,504			59,943
Earnings (loss) per common share - assuming dilution	70,382			68,706			65,897			65,262			64,254

(a) Q3 2012 includes a benefit from the revision of assumptions used in determining reserves held for living income benefit riders consistent with unlocking for deferred policy acquisition costs and deferred sales inducements. The impact decreased interest sensitive and index product benefits by $2.2 million and decreased net loss and loss per common share - assuming dilution by $1.4 million and $0.02 per share, respectively.

(b) Q3 2012 includes expense from unlocking which reduced amortization of deferred sales inducements by $0.2 million, increased amortization of deferred policy acquisition costs by $3.7 million, and increased net loss and loss per common share - assuming dilution for Q3 2012 by $2.2 million and $0.03 per share, respectively.

(c) Q2 2013 includes expense of $8.5 million related toassessments received and future estimates of assessments from state guaranty fund associations related to the insolvency of Executive Life Insurance Company of New York, which after income taxes decreased net income and earnings per common share - assuming dilution by $5.5 million and $0.08 per share, respectively.

Q2 2013 includes a benefit of $3.2 million related to the final settlement of a litigation liability established in 2010, which after related adjustments to amortization of deferred sales inducements and deferred policy acquisition costs and income taxes increased net income and earnings per common share - assuming dilution by $2.0 million and $0.03 per share, respectively.

Q3 2012 includes expense from recognizing an estimated litigation liability of $17.5 million, which, after related adjustments to amortization of deferred sales inducements and deferred policy acquisition costs and income taxes, increased net loss and loss per common share - assuming dilution by $9.6 million and $0.15 per share.

Page 3

AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY

Financial Supplement-June 30, 2013

NON-GAAP FINANCIAL MEASURES

In addition to net income (loss), we have consistently utilized operating income and operating income per common share - assuming dilution, non-GAAP financial measures commonly used in the life insurance industry, as economic measures to evaluate our financial performance. Operating income equals net income adjusted to eliminate the impact of net realized gains and losses on investments including net OTTI losses recognized in operations, fair value changes in derivatives and embedded derivatives, loss on extinguishment of debt and changes in litigation reserves. Because these items fluctuate from quarter to quarter in a manner unrelated to core operations, we believe measures excluding their impact are useful in analyzing operating trends. We believe the combined presentation and evaluation of operating income together with net income provides information that may enhance an investor’s understanding of our underlying results and profitability.

Reconciliation from Net Income to Operating Income (Unaudited)

	Three Months Ended June 30,					Six Months Ended June 30,
	2013			2012		2013			2012
	(Dollars in thousands, except per share data)
Net income	$	120,113		$	18,759	$	146,144		$	29,230
Adjustments to arrive at operating income:
Net realized investment (gains) losses, including OTTI (a)	(3,574		)	861		(6,378		)	4,408
Change in fair value of derivatives and embedded derivatives (a)	(84,653		)	7,736		(74,416		)	23,478
Litigation reserve (a)	(1,969		)	—		(1,969		)	—
Extinguishment of debt	$	345		$	—	$	345		$	—
Operating income (a non-GAAP financial measure)	$	30,262		$	27,356	$	63,726		$	57,116
Per common share - assuming dilution:
Net income	$	1.71		$	0.30	$	2.09		$	0.46
Adjustments to arrive at operating income:
Net realized investment (gains) losses, including OTTI	(0.05		)	0.01		(0.09		)	0.07
Changes in fair value of derivatives and embedded derivatives	(1.20		)	0.12		(1.06		)	0.37
Litigation reserve	(0.03		)	—		(0.03		)	—
Extinguishment of debt	—			—		—			—
Operating income (a non-GAAP financial measure)	$	0.43		$	0.43	$	0.91		$	0.90

(a) Adjustments to net income to arrive at operating income are presented net of related adjustments to amortization of deferred sales inducements (DSI) and deferred policy acquisition costs (DAC) and net of income taxes.

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AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY

Financial Supplement-June 30, 2013

Summary of Adjustments to Arrive at Operating Income (Unaudited)

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
	(Dollars in thousands)
Net realized investment gains and losses, including OTTI:
Net realized (gains) losses on investments, including OTTI	$	(12,914	)	$	1,589		$	(20,262	)	$	10,546
Amortization of DAC and DSI	7,265			(251		)	10,358			(3,701		)
Income taxes	2,075			(477		)	3,526			(2,437		)
	$	(3,574	)	861			$	(6,378	)	$	4,408
Change in fair value of derivatives and embedded derivatives:
Change in fair value of derivatives and embedded derivatives	$	(317,232	)	$	28,857		$	(281,552	)	$	87,907
Amortization of DAC and DSI	186,732			(16,559		)	166,492			(51,222		)
Income taxes	45,847			(4,562		)	40,644			(13,207		)
	$	(84,653	)	$	7,736		$	(74,416	)	$	23,478
Litigation reserve:
Change in litigation reserve recorded in other operating costs	$	(3,212	)	$	—		$	(3,212	)	$	—
Amortization of DAC and DSI	156			—			156			—
Income taxes	1,087			—			1,087			—
	$	(1,969	)	$	—		$	(1,969	)	$	—
Extinguishment of debt:
Loss on extinguishment of debt	$	589		$	—		$	589		$	—
Income taxes	(244		)	—			(244		)	—
	$	345		$	—		$	345		$	—

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AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY

Financial Supplement-June 30, 2013

NON-GAAP FINANCIAL MEASURES

Quarterly Summary - Most Recent 5 Quarters (Unaudited)

Reconciliation from Net Income (Loss) to Operating Income

	Q2 2013			Q1 2013			Q4 2012			Q3 2012			Q2 2012
	(Dollars in thousands, except per share data)
Net income (loss)	$	120,113		$	26,031		$	36,397		$	(7,829	)	$	18,759
Adjustments to arrive at operating income:
Net realized investment (gains) losses (a)	(3,574		)	(2,804		)	2,825			1,415			861
Change in fair value of derivatives and embedded derivatives (a)	(84,653		)	10,237			(8,317		)	19,000			7,736
Litigation reserve (a)	(1,969		)	—			—			9,580			—
Extinguishment of debt (a)	345			—			—			—			—
Operating income (a non-GAAP financial measure) (b) (c) (d)	$	30,262		$	33,464		$	30,905		$	22,166		$	27,356
Operating income per common share - assuming dilution (b) (c) (d)	$	0.43		$	0.49		$	0.47		$	0.34		$	0.43

(a) Adjustments to net income (loss) to arrive at operating income are presented net of related adjustments to amortization and deferred sales inducements and deferred policy acquisition costs and net of income taxes.

(b) Q2 2013 includes expense of $8.5 million related toassessments received and future estimates of assessments from state guaranty fund associations related to the insolvency of Executive Life Insurance Company of New York, which after income taxes decreased operating income and operating income per common share - assuming dilution by $5.5 million and $0.08 per share, respectively.

(c) Q3 2012 includes expense from unlocking which increased amortization of deferred sales inducements and amortization of deferred policy acquisition costs by $2.4 million and $7.3 million, respectively, and decreased operating income and operating income per common share - assuming dilution by $6.3 million and $0.09 per share, respectively.

(d) Q3 2012 includes a benefit from the revision of assumptions used in determining reserves held for living income benefit riders consistent with unlocking for deferred policy acquisition costs and deferred sales inducements. The impact reduced interest sensitive and index product benefits by $2.2 million and increased operating income and operating income per common share - assuming dilution by $1.4 million $0.02 per share, respectively.

Summary of Adjustments to Arrive at Operating Income

	Q2 2013			Q1 2013			Q4 2012			Q3 2012			Q2 2012
	(Dollars in thousands)
Net realized (gains) losses on investments	$	(15,689	)	$	(10,585	)	$	(1,471	)	$	1,238		$	611
Net OTTI losses recognized in operations	2,775			3,237			9,387			1,686			978
Change in fair value of derivatives	91,374			(299,494		)	156,123			(96,232		)	85,683
Loss on extinguishment of debt	589			—			—			—			—
Increase (decrease) in total revenues	79,049			(306,842		)	164,039			(93,308		)	87,272
Amortization of deferred sales inducements	(82,583		)	7,447			(3,140		)	28,278			7,201
Change in fair value of embedded derivatives	408,606			(335,174		)	182,465			(186,362		)	56,826
Amortization of deferred policy acquisition costs	(111,570		)	9,700			(6,746		)	35,636			9,609
Other operating costs and expenses	3,212			—			—			(17,532		)	—
Increase (decrease) in total benefits and expenses	217,665			(318,027		)	172,579			(139,980		)	73,636
Increase (decrease) in income (loss) before income taxes	(138,616		)	11,185			(8,540		)	46,672			13,636
Increase (decrease) in income tax expense	(48,765		)	3,752			(3,048		)	16,677			5,039
Increase (decrease) in net income (loss)	$	(89,851	)	$	7,433		$	(5,492	)	$	29,995		$	8,597

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AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY

Financial Supplement-June 30, 2013

Capitalization/Book Value per Share

	June 30, 2013			December 31, 2012
	(Dollars in thousands, except per share data)
Capitalization:
Notes payable	$	303,126		$	309,869
Subordinated debentures payable to subsidiary trusts	245,958			245,869
Total debt	549,084			555,738
Total stockholders’ equity	1,442,076			1,720,237
Total capitalization	1,991,160			2,275,975
Accumulated other comprehensive income (AOCI)	(244,280		)	(686,807		)
Total capitalization excluding AOCI (a)	$	1,746,880		$	1,589,168
Total stockholders’ equity	$	1,442,076		$	1,720,237
Accumulated other comprehensive income	(244,280		)	(686,807		)
Total stockholders’ equity excluding AOCI (a)	$	1,197,796		$	1,033,430
Common shares outstanding (b)	64,207,136			62,653,134
Book Value per Share: (c)
Book value per share including AOCI	$	22.46		$	27.46
Book value per share excluding AOCI (a)	$	18.66		$	16.49
Debt-to-Capital Ratios: (d)
Senior debt / Total capitalization	17.4		%	19.5		%
Adjusted debt / Total capitalization	17.4		%	20.0		%

(a) Total capitalization, total stockholders’ equity and book value per share excluding AOCI, non-GAAP financial measures, are based on stockholders’ equity excluding the effect of AOCI. Since AOCI fluctuates from quarter to quarter due to unrealized changes in the fair value of available for sale investments, we believe these non-GAAP financial measures provide useful supplemental information.

(b) Common shares outstanding include shares held by the NMO Deferred Compensation Trust: 2013 - 892,688 shares; 2012 - 1,142,332 shares and exclude unallocated shares held by ESOP: 2013 - 186,485 shares; 2012 - 239,799 shares.

(c) Book value per share including and excluding AOCI is calculated as total stockholders’ equity and total stockholders’ equity excluding AOCI divided by the total number of shares of common stock outstanding.

(d) Debt-to-capital ratios are computed using total capitalization excluding AOCI. Adjusted debt includes notes payable and the portion of the total subordinated debentures payable to subsidiary trusts outstanding (qualifying trust preferred securities) that exceeds 15% of total capitalization excluding AOCI.

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AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY

Financial Supplement-June 30, 2013

Spread Results

	Three Months Ended June 30,		Six Months Ended June 30,
	2013	2012	2013	2012
Average yield on invested assets	4.94%	5.34%	4.98%	5.47%
Aggregate cost of money	2.24%	2.64%	2.28%	2.66%
Aggregate investment spread	2.70%	2.70%	2.70%	2.81%
Impact of:
Investment yield - additional prepayment income	0.05%	0.03%	0.06%	0.05%
Cost of money effect of (under) over hedging	0.06%	(0.01)%	0.04%	—%
Weighted average investments (in thousands)	27,253,801	24,005,590	26,818,283	23,679,263

Weighted average investments include fixed maturity securities at amortized cost and equity securities at cost. The numerator for average yield on invested assets includes net investment income and the tax effect of investment income that is exempt from income taxes.

Summary of Cost of Money for Deferred Annuities

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
	(Dollars in thousands)
Included in interest sensitive and index product benefits:
Index credits	$	241,801		$	50,682		$	377,142		$	101,340
Interest credited	75,852			76,725			150,268			151,741
Included in change in fair value of derivatives:
Proceeds received at option expiration	(244,758		)	(50,041		)	(379,983		)	(100,903		)
Pro rata amortization of option cost	89,542			91,042			178,397			182,759
Cost of money for deferred annuities	$	162,437		$	168,408		$	325,824		$	334,937
Weighted average liability balance outstanding (in thousands)	$	28,994,148		$	25,517,288		$	28,527,112		$	25,173,282

Annuity Account Balance Rollforward

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
	(Dollars in thousands)
Account balances at beginning of period	$	28,450,478		$	25,175,432		$	27,669,672		$	24,483,118
Net deposits	1,074,184			930,605			1,946,513			1,765,458
Premium and interest bonuses	91,033			73,229			164,931			143,248
Fixed interest credited and index credits	317,653			127,407			527,410			253,081
Surrender charges	(11,292		)	(12,135		)	(22,794		)	(23,797		)
Lifetime income benefit rider fees	(12,219		)	(9,773		)	(22,198		)	(17,504		)
Surrenders, withdrawals, deaths, etc.	(372,019		)	(425,621		)	(725,716		)	(744,460		)
Account balances at end of period	$	29,537,818		$	25,859,144		$	29,537,818		$	25,859,144

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AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY

Financial Supplement-June 30, 2013

Annuity Deposits by Product Type

	Three Months Ended June 30,				Six Months Ended June 30,				Year Ended December 31,
Product Type	2013		2012		2013		2012		2012
	(Dollars in thousands)
Fixed Index Annuities:
Index Strategies	$	764,437	$	533,633	$	1,369,078	$	1,021,760	$	2,225,902
Fixed Strategy	285,416		281,206		528,545		570,560		1,208,324
	1,049,853		814,839		1,897,623		1,592,320		3,434,226
Fixed Rate Annuities:
Single-Year Rate Guaranteed	20,404		21,141		40,314		55,628		98,821
Multi-Year Rate Guaranteed	48,291		39,232		95,547		160,897		249,228
Single premium immediate annuities	16,824		42,137		31,804		87,949		164,657
	85,519		102,510		167,665		304,474		512,706
Total before coinsurance ceded	1,135,372		917,349		2,065,288		1,896,794		3,946,932
Coinsurance ceded	44,572		32,668		87,179		131,447		203,734
Net after coinsurance ceded	$	1,090,800	$	884,681	$	1,978,109	$	1,765,347	$	3,743,198

Surrender Charge Protection and Account Values by Product Type

Annuity Surrender Charges and Net (of coinsurance) Account Values at June 30, 2013:

	Surrender Charge			Net Account Value
Product Type	Avg. Years At Issue	Avg. Years Remaining	Avg. % Remaining	Dollars in Thousands		%
Fixed Index Annuities	14.2	10.2	15.9%	$	27,520,352	93.2	%
Single-Year Fixed Rate Guaranteed Annuities	11.1	3.5	8.0%	1,442,126		4.9	%
Multi-Year Fixed Rate Guaranteed Annuities (a)	6.1	1.6	4.3%	575,340		1.9	%
Total	13.9	9.7	15.3%	$	29,537,818	100.0	%

(a) 59% of Net Account Value is no longer in multi-year guarantee period and can be adjusted annually.

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AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY

Financial Supplement-June 30, 2013

Annuity Liability Characteristics

	Fixed Annuities Account Value		Fixed Index Annuities Account Value
	(Dollars in thousands)
SURRENDER CHARGE PERCENTAGES:
No surrender charge	$	644,385	$	700,515
0.0% < 2.0%	34,639		310,155
2.0% < 3.0%	57,998		165,240
3.0% < 4.0%	24,969		286,382
4.0% < 5.0%	64,650		217,502
5.0% < 6.0%	81,991		299,957
6.0% < 7.0%	181,013		206,380
7.0% < 8.0%	188,241		767,515
8.0% < 9.0%	149,634		457,674
9.0% < 10.0%	61,193		417,458
10.0% or greater	528,753		23,691,574
	$	2,017,466	$	27,520,352

	Fixed and Fixed Index Annuities Account Value		Weighted Average Surrender Charge
	(Dollars in thousands)
SURRENDER CHARGE EXPIRATION BY YEAR:
Out of Surrender Charge	$	1,344,900	0.00	%
2013	223,911		1.92	%
2014	510,849		2.59	%
2015	556,020		4.38	%
2016	806,725		5.96	%
2017	968,013		7.16	%
2018	837,393		9.25	%
2019	586,598		10.03	%
2020	919,840		11.62	%
2021	1,221,479		13.35	%
2022	2,058,638		15.37	%
2023	4,394,571		17.31	%
2024	4,117,307		18.54	%
2025	3,188,386		18.76	%
2026	2,735,509		18.77	%
2027	2,398,919		19.22	%
2028	1,729,805		19.75	%
2029	916,888		19.99	%
2030	22,067		20.00	%
	$	29,537,818	15.26	%

Page 10

AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY

Financial Supplement-June 30, 2013

Annuity Liability Characteristics

	Fixed Annuities Account Value		Fixed Index Annuities Account Value
	(Dollars in thousands)
CREDITED RATE (INCLUDING BONUS INTEREST) VS. ULTIMATE MINIMUM GUARANTEED RATE DIFFERENTIAL:
No differential	$	765,219	$	809,954
› 0.0% - 0.25%	302,157		529,988
› 0.25% - 0.5%	115,362		37,315
› 0.5% - 1.0% (a)	329,285		1,063,336
› 1.0% - 1.5% (a)	99,110		23,873
› 1.5% - 2.0%	120,841		2,350
› 2.0% - 2.5%	2,375		—
› 2.5% - 3.0%	41,715		—
1.00% ultimate guarantee - 2.34% wtd avg interest rate (b)	43,424		—
1.50% ultimate guarantee - 1.74% wtd avg interest rate (b)	92,014		2,536,126
2.00% ultimate guarantee - 2.66% wtd avg interest rate (b)	105,964		—
2.25% ultimate guarantee - 2.69% wtd avg interest rate (b)	—		1,526,827
3.00% ultimate guarantee - 2.90% wtd avg interest rate (b)	—		3,017,056
Allocated to index strategies (see tables that follow)	—		17,973,527
	$	2,017,466	$	27,520,352

(a) $108,828 of Fixed Annuities Account Value have a guarantee of 2.25% for the first 10 years and 3.00% thereafter. They begin increasing in 2014. $610,509 of Index Annuities Account Value is in fixed rate strategies that have a guarantee of 2.25% for the first 10 years and 3.00% thereafter. They begin increasing in 2014.    

(b) The minimum guaranteed interest rate for the fixed rate or the fixed rate strategy is 1.00%. The ultimate guaranteed rate is applied on less than 100% of the premium.

If all crediting rates were reduced to minimum guaranteed rates (subject to limitations imposed by ultimate minimum guaranteed rates where applicable) the weighted average crediting rate as of June 30, 2013 for fixed annuities and funds allocated to the fixed rate strategy for fixed index annuities would decrease by 0.59%.

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AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY

Financial Supplement-June 30, 2013

Annuity Liability Characteristics

FIXED INDEX ANNUITIES ACCOUNT VALUE - INDEX STRATEGIES

Annual Monthly Average and Point-to-Point with Caps
	Minimum Guaranteed Cap
	1%		3%		4%		7%		8% +
Current Cap	(Dollars in thousands)
At minimum	$	555	$	11,313	$	835,944	$	47,418	$	280,842
2.5% - 3%	855,187		—		—		—		—
3% - 4%	1,586,848		—		—		—		—
4% - 5%	18,588		113,086		1,275,983		—		—
5% - 6%	—		8,210		3,004,494		—		—
6% - 7%	—		—		2,744,399		—		—
>= 7%	—		11,457		37,390		124,996		71,610

Annual Monthly Average and Point-to-Point with Participation Rates
	Minimum Guaranteed Participation Rate
	10%		15%	25%		35%		50% +
Current Participation Rate	(Dollars in thousands)
At minimum	$	143	397	$	333,584	$	171,370	$	206,743
< 20%	194,666		—	—		—		—
20% - 40%	168,335		—	480,181		—		—
40% - 60%	—		—	173,997		143,301		1,416
>= 60%	—		—	—		—		—

S&P 500 Monthly Point-to-Point - Minimum Guaranteed Monthly Cap = 1% (Dollars in thousands)
Current Cap
At minimum	$	13,010
1.45% - 1.8%	2,099,562
2.0% - 2.3%	1,567,557
>= 2.3%	1,380,892

If all caps and participation rates were reduced to minimum caps and participation rates, the cost of options would decrease by 0.62% based upon prices of options for the week ended July 16, 2013.

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AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY

Financial Supplement-June 30, 2013

Summary of Invested Assets

	June 30, 2013				December 31, 2012
	Carrying Amount		Percent		Carrying Amount		Percent
	(Dollars in thousands)
Fixed maturity securities:
United States Government full faith and credit	$	4,938	—	%	$	5,154	—	%
United States Government sponsored agencies	1,199,847		4.1	%	1,772,025		6.5	%
United States municipalities, states and territories	3,543,158		12.2	%	3,578,323		13.0	%
Foreign government obligations	92,811		0.3	%	105,259		0.4	%
Corporate securities	16,075,497		55.4	%	14,542,860		52.8	%
Residential mortgage backed securities	2,488,057		8.6	%	2,888,113		10.5	%
Commercial mortgage backed securities	1,222,689		4.2	%	357,982		1.3	%
Other asset backed securities	994,815		3.4	%	998,508		3.6	%
Total fixed maturity securities	25,621,812		88.2	%	24,248,224		88.1	%
Equity securities	9,790		—	%	53,422		0.2	%
Mortgage loans on real estate	2,583,703		8.9	%	2,623,940		9.5	%
Derivative instruments	629,135		2.2	%	415,258		1.5	%
Other investments	208,635		0.7	%	196,366		0.7	%
	$	29,053,075	100.0	%	$	27,537,210	100.0	%

Credit Quality of Fixed Maturity Securities - June 30, 2013

NAIC Designation	Carrying Amount		Percent		Rating Agency Rating	Carrying Amount		Percent
	(Dollars in thousands)					(Dollars in thousands)
1	$	16,049,276	62.7	%	Aaa/Aa/A	$	15,432,442	60.2	%
2	9,028,631		35.2	%	Baa	8,676,435		33.9	%
3	472,838		1.8	%	Ba	471,089		1.8	%
4	69,502		0.3	%	B	107,823		0.4	%
5	—		—	%	Caa and lower	760,254		3.0	%
6	1,565		—	%	In or near default	173,769		0.7	%
	$	25,621,812	100.0	%		$	25,621,812	100.0	%

Page 13

AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY

Financial Supplement-June 30, 2013

Watch List Securities - June 30, 2013

General Description	Amortized Cost		Unrealized Gains (Losses)			Fair Value		Months Below Amortized Cost
	(Dollars in thousands)
Corporate bonds:
Finance	$	49,530	$	(6,998	)	$	42,532	1 - 31
Industrial	49,481		(8,007		)	41,474		8 - 34
Industrial	9,365		22			9,387
	108,376		(14,983		)	93,393

Summary of Residential Mortgage Backed Securities

Collateral Type	Principal Amount		Amortized Cost		Fair Value
	(Dollars in thousands)
OTTI has not been recognized
Government agency	$	943,971	$	887,172	$	932,517
Prime	683,014		648,610		693,299
Alt-A	36,427		36,872		37,816
	$	1,663,412	$	1,572,654	$	1,663,632
OTTI has been recognized
Prime	$	531,924	$	460,258	$	489,691
Alt-A	385,961		304,487		334,734
	$	917,885	$	764,745	$	824,425
Total by collateral type
Government agency	$	943,971	$	887,172	$	932,517
Prime	1,214,938		1,108,868		1,182,990
Alt-A	422,388		341,359		372,550
	$	2,581,297	$	2,337,399	$	2,488,057
Total by NAIC designation
1	$	2,185,965	$	1,984,119	$	2,116,730
2	305,145		274,662		287,908
3	57,961		50,979		54,389
4	29,110		25,589		27,489
6	3,116		2,050		1,541
	$	2,581,297	$	2,337,399	$	2,488,057

Page 14

AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY

Financial Supplement-June 30, 2013

Fixed Maturity Securities by Sector

	June 30, 2013				December 31, 2012
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(Dollars in thousands)
Available for sale:
United States Government full faith and credit and sponsored agencies	$	1,246,505	$	1,204,785	$	1,768,379	$	1,777,179
United States municipalities, states and territories	3,299,733		3,543,158		3,116,678		3,578,323
Foreign government obligations	86,106		92,811		86,099		105,259
Corporate securities:
Consumer discretionary	1,438,165		1,469,175		1,237,208		1,366,504
Consumer staples	1,101,048		1,139,236		876,654		1,003,651
Energy	1,817,654		1,873,385		1,463,923		1,655,363
Financials	2,825,674		2,921,700		2,476,780		2,713,351
Health care	1,283,990		1,314,481		926,136		1,064,097
Industrials	1,858,585		1,912,965		1,497,435		1,672,681
Information technology	1,081,719		1,086,566		854,347		923,263
Materials	1,251,067		1,256,223		1,076,133		1,189,410
Telecommunications	433,962		442,946		356,486		400,995
Utilities	2,428,890		2,575,654		2,143,026		2,453,736
Residential mortgage backed securities:
Government agency	887,171		932,517		1,024,731		1,119,249
Prime	1,108,868		1,182,990		1,344,775		1,392,741
Alt-A	341,359		372,550		374,031		376,123
Commercial mortgage backed securities:
Government agency	214,708		209,416		35,697		37,976
Other	1,089,320		1,013,273		319,173		320,006
Other asset backed securities:
Consumer discretionary	95,119		94,271		77,464		81,772
Energy	8,287		8,978		8,304		9,152
Financials	714,412		706,345		659,058		677,948
Industrials	148,694		159,898		154,358		166,567
Materials	—		—		28,813		29,150
Telecommunications	14,835		16,701		14,835		17,421
Utilities	6,215		8,622		14,459		16,498
Redeemable preferred stock - financials	7,000		6,996		22,045		23,721
	$	24,789,086	$	25,545,642	$	21,957,027	$	24,172,136
Held for investment:
Corporate security - financials	$	76,170	$	61,250	$	76,088	$	61,521

Page 15

AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY

Financial Supplement-June 30, 2013

Mortgage Loans on Commercial Real Estate

	June 30, 2013						December 31, 2012
	Principal			Percent			Principal		Percent
	(Dollars in thousands)
Geographic distribution
East	$	760,025		29.1		%	$	732,762	27.5	%
Middle Atlantic	147,167			5.6		%	155,094		5.8	%
Mountain	359,436			13.7		%	387,599		14.6	%
New England	23,131			0.9		%	26,385		1.0	%
Pacific	322,519			12.3		%	320,982		12.1	%
South Atlantic	459,052			17.6		%	458,802		17.3	%
West North Central	369,363			14.1		%	370,168		13.9	%
West South Central	175,486			6.7		%	207,091		7.8	%
	$	2,616,179		100.0		%	$	2,658,883	100.0	%
Property type distribution
Office	$	643,747		24.6		%	$	666,467	25.1	%
Medical Office	137,746			5.3		%	136,764		5.1	%
Retail	680,618			26.0		%	677,951		25.5	%
Industrial/Warehouse	666,935			25.5		%	692,637		26.1	%
Hotel	83,363			3.2		%	94,045		3.5	%
Apartment	233,609			8.9		%	219,335		8.2	%
Mixed use/other	170,161			6.5		%	171,684		6.5	%
	$	2,616,179		100.0		%	$	2,658,883	100.0	%
	June 30, 2013			December 31, 2012
Credit Exposure - By Payment Activity
Performing	$	2,572,527		$	2,597,440
In workout	28,326			26,723
Delinquent	—			—
Collateral dependent	15,326			34,720
	2,616,179			2,658,883
Specific Loan Loss Allowance	(21,176		)	(23,134		)
General Loan Loss Allowance	(10,500		)	(11,100		)
Deferred prepayment fees	(800		)	(709		)
	$	2,583,703		$	2,623,940

Page 16

AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY

Financial Supplement-June 30, 2013

Shareholder Information

Corporate Offices:

American Equity Investment Life Holding Company

6000 Westown Parkway

West Des Moines, IA 50266

Inquiries:

D. J. Noble, Executive Chairman

(515) 457-1703, dnoble@american-equity.com

John M. Matovina, Chief Executive Officer and President

(515) 457-1813, jmatovina@american-equity.com

Debra J. Richardson, Executive Vice President and Secretary

(515) 273-3551, drichardson@american-equity.com

Ted M. Johnson, Chief Financial Officer and Treasurer

(515) 457-1980, tjohnson@american-equity.com

Common Stock and Dividend Information:

New York Stock Exchange symbol: “AEL”

	High	Low	Close	Dividend Declared
2013
First Quarter	$15.03	$12.33	$14.89	$0.00
Second Quarter	$16.60	$14.03	$15.70	$0.00
2012
First Quarter	$13.09	$10.13	$12.77	$0.00
Second Quarter	$12.95	$10.00	$11.01	$0.00
Third Quarter	$12.41	$10.62	$11.63	$0.00
Fourth Quarter	$12.40	$10.56	$12.21	$0.15
2011
First Quarter	$13.93	$11.27	$13.12	$0.00
Second Quarter	$13.53	$11.91	$12.71	$0.00
Third Quarter	$13.22	$8.01	$8.75	$0.00
Fourth Quarter	$11.82	$8.05	$10.40	$0.12

Transfer Agent:

Computershare Trust Company, N.A.

P.O. Box 43010

Providence, RI 02940-0310

Phone: (877) 282-1169

Fax: (781) 575-2723

www.computershare.com

Annual Report and Other Information:

Shareholders may receive when available, without charge, a copy of American Equity’s Annual Report, SEC filings and/or press releases by calling Julie L. LaFollette, Investor Relations, at (515) 273-3602 or by visiting our web site at www.american-equity.com.

Page 17

AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY

Financial Supplement-June 30, 2013

Research Analyst Coverage

Steven Schwartz

Raymond James & Associates, Inc.

(312) 612-7686

steven.schwartz@raymondjames.com

Randy Binner

Friedman, Billings, Ramsey & Co., Inc.

(703) 312-1890

rbinner@fbr.com

Edward Shields

Sandler O’Neill & Partners

(312) 281-3487

eshields@sandleroneill.com

Mark Hughes

SunTrust Robinson Humphrey

(615) 748-5680

mark_hughes@rhco.com

Daniel Furtado

Jefferies & Company, Inc.

(415) 229-1569

dfurtado@jefferies.com

Mark Finkelstein

Evercore Partners

(312) 445-6440

mark.finkelstein@evercore.com

Page 18