American Equity of New York's Parent Company

About Parent Company American Equity Investment Life Insurance Company

American Equity of New York was founded under the same guiding principles as its parent company American Equity Investment Life Insurance Company®. Our commitment to service, integrity, excellence and stability is what has set our company apart from other insurance companies for so many years.

American Equity is an American-owned and operated company headquartered in West Des Moines, Iowa. What sets American Equity apart from its competitors is the guiding principle that American Equity’s founder, David J. Noble, built the company on and remains its compass today -- “It’s about the people” is about providing excellent customer service to its policyholders, representatives and business partners.

Integrity is at the core of American Equity’s business practices—our values of service, safety and excellence inform how we interact with stakeholders and customers.  Our products are designed to provide what we call Sleep Insurance®, so our customers can sleep at night knowing their hard-earned dollars are safe. 

This dedication to annuity product quality and superior customer service also extends to America Equity of New York. The foundation of industry values that was laid at American Equity from its beginning in 1995 is the same one you can find at American Equity of New York. 

American Equity at a Glance:

  • $60.42 Billion in Assets 1^Liabilities as of 12/31/2021 are $56.42 Billion 
  • A- (Excellent) Rating from A.M. Best 2^A.M. Best has assigned American Equity an “A-” (Excellent) rating, reflecting their current opinion of American Equity’s financial strength and its ability to meet its ongoing contractual obligations relative to the norms of the life/health insurance industry. A.M. Best utilizes 15 rating categories ranging from A++ to F. An “A-” rating from A.M. Best is its fourth highest rating. For the latest rating, access www.ambest.com. Rating effective 8/2/2006, affirmed 7/29/21. 
  • A- Rating from Standard and Poor’s 3^Standard and Poor’s rating service has recognized American Equity Investment Life Insurance Company with an “A-“ rating.  An insurer rated “A” has strong financial security characteristics, but is somewhat more likely to be affected by adverse effects of changing circumstances or economic conditions than are insurers with higher ratings.  Ratings from ‘AA’ to ‘CCC’ may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.  Rating effective 8/5/15, affirmed 8/20/2021.
  • A- Rating from Fitch Ratings 4^Fitch Ratings assigned American Equity Investment Life Insurance Company an Insurer Financial Strength rating of “A-” (Outlook Stable). Fitch Ratings utilizes 19 rating categories ranging from “AAA” to “C.” An “A-” rating is the seventh highest rating. An insurer with an “A” rating is considered to have a strong capacity for payment of financial commitments, but may be more vulnerable to adverse business or economic conditions than insurers with higher ratings. Outlooks indicate the direction a rating is likely to move over a one- to two-year period if current financial or other trends continue. For more information, please visit www.fitchratings.com. Rating effecting 5/5/2021.
  • 24,000 Active Agents
  • 500,000+ Contract Owners
  • 800+ Employees
  • Committed to giving back, including financial support and volunteer hours for a host of organizations 

 

Footnotes

Guarantees based on the financial strength and claims paying ability of American Equity Investment Life Insurance Company of New York. American Equity of New York is a wholly owned subsidiary of American Equity Investment Life Insurance Company®. American Equity of New York does not offer legal, investment, or tax advice. Please consult a qualified professional.