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American Equity Approves Stock Repurchase Program

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The board of American Equity Investment Life Holding Company has given the company permission to buy back up to 10 million shares of the company’s common stock.

American Equity, West Des Moines, Iowa, a company best known for selling indexed annuities and indexed life insurance policies, will fund the share repurchase program with its line of credit, and it can buy back the stock any time during the next 12 months, the company says.