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Schedule II - Condensed Financial Information of Registrant (Condensed Statements of Operations) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Net investment income $ 2,307,463 $ 2,037,475 $ 2,182,078
Change in fair value of derivatives (1,138,128) 1,348,735 34,666
Loss on extinguishment of debt 0 0 (2,024)
Other revenue 43,921 15,670 0
Total revenues 1,415,501 3,689,471 2,424,649
Expenses:      
Interest expense on notes and loan payable 32,098 25,581 25,552
Interest expense on subordinated debentures issued to subsidiary trusts 5,331 5,324 5,557
Other operating costs and expenses 239,616 243,712 183,636
Total benefits and expenses (130,956) 3,086,724 1,608,688
Income tax expense (benefit) 325,155 128,755 144,501
Net income available to American Equity Investment Life Holding Company stockholders 1,220,944 473,992 671,460
Less: Preferred stock dividends 43,675 43,675 33,515
Net income available to American Equity Investment Life Holding Company common stockholders 1,177,269 430,317 637,945
Parent Company      
Revenues:      
Net investment income 6,733 114 1,115
Dividends from subsidiary trusts 155 159 167
Dividends from subsidiaries 325,000 250,000 0
Surplus note interest from subsidiary 4,080 4,080 4,080
Change in fair value of derivatives 0 0 62
Loss on extinguishment of debt 0 0 (2,024)
Other revenue 19,153 8,511 346
Total revenues 465,215 389,507 117,974
Expenses:      
Interest expense on notes and loan payable 32,098 25,581 25,552
Interest expense on subordinated debentures issued to subsidiary trusts 5,331 5,324 5,557
Other operating costs and expenses 114,792 72,435 46,686
Total benefits and expenses 152,221 103,340 77,795
Income before income taxes and equity in undistributed income of subsidiaries 312,994 286,167 40,179
Income tax expense (benefit) (1,067) 11,565 13,142
Income before equity in undistributed income of subsidiaries 314,061 274,602 27,037
Equity in undistributed income of subsidiaries 906,883 199,390 644,423
Net income available to American Equity Investment Life Holding Company stockholders 1,220,944 473,992 671,460
Less: Preferred stock dividends 43,675 43,675 33,515
Net income available to American Equity Investment Life Holding Company common stockholders 1,177,269 430,317 637,945
Investment Advisory Fees | Parent Company      
Revenues:      
Investment advisory fees $ 110,094 $ 126,643 $ 114,228