AMERICAN EQUITY INVESTMENT LIFE HOLDING CO
10-Q/A, EX-27, 2000-08-23
LIFE INSURANCE
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<TABLE> <S> <C>

<PAGE>

<ARTICLE> 7

<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               SEP-30-1999
<DEBT-HELD-FOR-SALE>                       780,444,165
<DEBT-CARRYING-VALUE>                      358,524,093
<DEBT-MARKET-VALUE>                        319,523,860
<EQUITIES>                                  14,977,759
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                           1,174,318,249
<CASH>                                      12,532,226
<RECOVER-REINSURE>                             514,320
<DEFERRED-ACQUISITION>                     100,540,177
<TOTAL-ASSETS>                           1,338,539,743
<POLICY-LOSSES>                          1,112,292,442
<UNEARNED-PREMIUMS>                                  0
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                        9,839,078
<NOTES-PAYABLE>                             48,662,500
                       25,970,140
                                    625,000
<COMMON>                                     4,711,685
<OTHER-SE>                                  54,224,395
<TOTAL-LIABILITY-AND-EQUITY>             1,338,539,743
                                  11,077,327
<INVESTMENT-INCOME>                         42,802,001
<INVESTMENT-GAINS>                            (86,933)
<OTHER-INCOME>                                       0
<BENEFITS>                                  30,850,501
<UNDERWRITING-AMORTIZATION>                  7,693,896
<UNDERWRITING-OTHER>                        10,243,598
<INCOME-PRETAX>                              1,900,824
<INCOME-TAX>                                 (814,765)
<INCOME-CONTINUING>                            912,924
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   912,924
<EPS-BASIC>                                        .20
<EPS-DILUTED>                                      .15
<RESERVE-OPEN>                                 672,661
<PROVISION-CURRENT>                            477,680
<PROVISION-PRIOR>                            (209,238)
<PAYMENTS-CURRENT>                             241,418
<PAYMENTS-PRIOR>                                43,884
<RESERVE-CLOSE>                                605,800
<CUMULATIVE-DEFICIENCY>                      (209,238)


</TABLE>


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