Common Stock Repurchase (Notes)

12 Months Ended

Dec. 31, 2015

Common Stock Repurchase [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Common Stock Repurchase

On June 4, 2013, the Company entered into an agreement to repurchase 1,440,592 shares of its common stock from American Equity Investment Life Holding Company and American Equity Life Insurance Company. The shares represented 8.27 percent of the total outstanding common shares of the Company as of that date. The purchase took place on June 5, 2013 at a price of $10.95 per share. The repurchased shares were canceled, thus reducing the Company's total issued and outstanding common shares to 15,969,464 as of that date. The purchase was financed as described in Note 9.

On April 22, 2015, the Board of Directors extended a stock repurchase plan which authorized management to purchase up to $2,000 of the Company's common stock over a twelve month period. The authorization does not require such purchases and is subject to certain restrictions. Shares of Company common stock may be repurchased on the open market or in privately negotiated transactions. The extent to which the shares are repurchased and the timing of such repurchases will depend on market conditions and other corporate considerations. No shares had been repurchased under the authorization as of December 31, 2015.