The Company

Athene Holding Ltd. and its subsidiaries (collectively, Athene) is a leading retirement services company that issues, reinsures and acquires retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. Athene’s operating subsidiaries1 issue and reinsure these retirement savings products.

Athene was founded in 2009 by James Belardi, former President of SunAmerica Life Insurance Company and now CEO of Athene Holding Ltd., and Chip Gillis, former head of Bear Stearns’ Insurance Solutions Group, who served as CEO of Athene Life Re (ALRe) until his retirement in December 2019.

 
“We formed Athene based on the fundamentals that I had learned working for 20 years at SunAmerica.”

Jim Belardi 
CEO, Athene Holding

What Drives Us

We are a company driven to do more and never satisfied with the status quo. Drive. Discipline. Confidence. Focus. Commitment. These are the attributes that set Athene apart and establish us as an industry leader.

  • A net investment spread business focused on policyholder protection
  • Disciplined risk management based on managing interest rate, credit and equity risks as well as liquidity in current and stressed scenarios
  • Hiring smart, focused, achievement-oriented employees
  • A high quality, liquid, fixed income asset portfolio together with long-term, low-cost retirement savings liabilities

Our Approach

Our operating subsidiaries’ primary business is issuing, reinsuring and acquiring retirement savings products and similar liabilities through our four distribution channels:

  1. Retail
  2. Flow Reinsurance
  3. Institutional Products, including funding agreements and pension risk transfer transactions
  4. Mergers & Acquisitions and Block Reinsurance

Performance

With our experienced management team, we have grown from a startup in 2009 to $205.7 billion in total assets, $187.3 billion in liabilities and $17.3 billion in total AHL shareholders’ equity.2

We began operating in 2009 when the burdens of the financial crisis and resulting capital demands caused many companies to exit the retirement market, creating the need for a well-capitalized company with an experienced management team to fill the void.

 

Reaching Higher

We are relentless when it comes to creating innovative financial solutions and building a strong team to serve our shareholders and policyholders. We are committed to a high level of performance, which is reflected in our brand tagline “Driven to Do More.”

Athene's Initial Public Offering (IPO)

Athene Holding began trading on the New York Stock Exchange on December 9, 2016 under the stock symbol "ATH." Athene’s initial public offering of 31 million class A shares raised $1.1 billion, making Athene the third largest IPO in 2016, according to Inc.com.

Jim Belardi, CEO of Athene Holding Ltd, rings the opening bell on the New York Stock Exchange.
Jim Belardi, CEO of Athene Holding Ltd, rings the opening bell on the New York Stock Exchange
Jim Belardi ringing the first trade bell at the New York Stock Exchange on listing day of Athene's IPO
Jim Belardi, CEO of Athene Holding Ltd., rings the first trade bell on the New York Stock Exchange.
The New York Stock Exchange exterior is decked out with Athene banners on listing day.

Asset Manager

Athene's invested assets are managed by Apollo’s Insurance Solutions Group (ISG), a business of Apollo Global Management. ISG specializes in investment solutions for the insurance industry.

ISG is a value-oriented investor in corporate credit, private placement, real estate and alternative investments. ISG has the ability to meet varied objectives, such as asset liability management support, income generation and risk-based capital investing. ISG has applied this approach consistently since inception, deploying capital across asset classes.

 

Asset Manager

Our Growth

Since it commenced operations in 2009, Athene has experienced tremendous growth. Today, we are one of the largest fixed index annuity platforms in the United States, based on fixed indexed deferred annuity assets.

Our organic channels include retail, flow reinsurance and institutional products. This is supplemented by our inorganic channel, which includes M&A and block reinsurance.

Our Growth

1 Athene Annuity & Life Assurance Company, Wilmington, DE, and Athene Annuity and Life Company, West Des Moines, IA, issue annuities in all states except New York. Athene Annuity & Life Assurance Company of New York in Pearl River, NY, is licensed to do business in the state of New York. Each insurance subsidiary is responsible for meeting its ongoing insurance policy and contract obligations. Athene Holding Ltd. is not responsible for meeting the ongoing insurance policy and contract obligations of its subsidiary insurance companies.

2 GAAP total assets, GAAP liabilities and GAAP AHL shareholders’ equity as of March 31, 2021. Pledged assets and funds in trust (restricted assets) total $15.0 billion and net reserve liabilities of $148.3 billion as of March 31, 2021.

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Institutions
The institutional channel includes reinsurance and group annuity contracts related to pension risk transfers.
Reinsurance Pension Risk Transfer (PRT) Investors Privacy Legal

Annuities contain features, exclusions and limitations that vary by state. For a full explanation of an annuity, please refer to the Certificate of Disclosure or Prospectus (as applicable) and contact your financial professional or the company for costs and complete details.  This material is a general description intended for general public use. 

Annuity contracts and group annuity contracts are issued by Athene Annuity and Life Company (61689), West Des Moines, IA, and Athene Annuity & Life Assurance Company (61492), Wilmington, Delaware, in all states (except New York), and in D.C. and PR.  Annuity contracts and group annuity contracts are issued by Athene Annuity & Life Assurance Company of New York (68039), Pearl River, NY, in New York state.  Payment obligations and guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company.  Insurance products may not be available in all states.  These companies are not undertaking to provide investment advice for any individual or in any individual situation, and therefore nothing in this should be read as investment advice. This material should not be interpreted as a recommendation by Athene Annuity and Life Company, Athene Annuity & Life Assurance Company, Athene Annuity & Life Assurance Company of New York, or Athene Securities, LLC.  Please reach out to your financial professional if you have any questions about insurance products and their features.

The term “financial professional” is not intended to imply engagement in an advisory business with compensation unrelated to sales. Financial professionals will be paid a commission on the sale of an annuity.

ANNUITIES ARE PRODUCTS OF THE INSURANCE INDUSTRY AND NOT GUARANTEED BY ANY BANK NOR INSURED BY FDIC OR NCUA/NCUSIF. MAY LOSE VALUE. NO BANK/CREDIT UNION GUARANTEE. NOT A DEPOSIT. NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. MAY ONLY BE OFFERED BY A LICENSED INSURANCE AGENT.

Reinsurance contracts are entered into with Athene Annuity and Life Company (61689), West Des Moines, IA; Athene Annuity & Life Assurance Company (61492), Wilmington, Delaware; Athene Annuity & Life Assurance Company of New York (68039), Pearl River, NY; and Athene Life Re Ltd., Hamilton, Bermuda.  Not all reinsurance products or structures offered are available in all jurisdictions.  Reinsurers may not be licensed in all states.  All transactions are subject to meeting a reinsurer’s underwriting requirements.  Reinsurance products are not protected or guaranteed by state insurance guaranty associations or insolvency funds.