During the fourth quarter of 2012, total revenue was $291.9m, compared to $422.7m in the fourth quarter of 2011.
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The company reported a net investment income of $321.1m for the last quarter of 2012 compared to net investment income of $324.3m for the same period a year ago.
Net income for the full year 2012 was $57.8m, or $0.89 per diluted common share compared to 2011 net income of $86.2m or $1.37 per diluted common share.
For 2012, total revenue was $1.59bn, compared to $1.14bn of corresponding year period.
Net investment income for the full year of 2012 was $1.29bn, compared to net investment income of $1.22bn for the same period of 2011.
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By GlobalDataCommenting on results, American Equity founder and executive chairman, David J. Noble, said: "2012 was a challenging year in a difficult interest rate environment. Sales for the year were just shy of $4 billion, the third best year in the company’s history, and contributed to a 13% increase in assets under management for the year."
