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>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               JUN-30-1999
<DEBT-HELD-FOR-SALE>                       582,261,369
<DEBT-CARRYING-VALUE>                      351,905,783
<DEBT-MARKET-VALUE>                        314,112,000
<EQUITIES>                                   9,016,000
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                             976,670,056
<CASH>                                      10,674,287
<RECOVER-REINSURE>                             561,362
<DEFERRED-ACQUISITION>                      80,429,928
<TOTAL-ASSETS>                           1,103,878,072
<POLICY-LOSSES>                            907,017,017
<UNEARNED-PREMIUMS>                                  0
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                        8,760,413
<NOTES-PAYABLE>                             73,962,500
                                0
                                    625,000
<COMMON>                                     4,696,045
<OTHER-SE>                                  54,409,707
<TOTAL-LIABILITY-AND-EQUITY>             1,103,878,072
                                   7,058,573
<INVESTMENT-INCOME>                         22,966,697
<INVESTMENT-GAINS>                            (29,666)
<OTHER-INCOME>                                       0
<BENEFITS>                                  16,308,517
<UNDERWRITING-AMORTIZATION>                  3,874,214
<UNDERWRITING-OTHER>                         6,654,322
<INCOME-PRETAX>                              1,070,960
<INCOME-TAX>                                   547,896
<INCOME-CONTINUING>                            523,064
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   523,064
<EPS-BASIC>                                        .11
<EPS-DILUTED>                                      .09
<RESERVE-OPEN>                                 672,661
<PROVISION-CURRENT>                            354,722
<PROVISION-PRIOR>                            (195,098)
<PAYMENTS-CURRENT>                             175,818
<PAYMENTS-PRIOR>                                68,373
<RESERVE-CLOSE>                                670,801
<CUMULATIVE-DEFICIENCY>                      (195,098)


</TABLE>


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