The Company

Athene was co-founded by James Belardi, former President of SunAmerica Life Insurance Company and now CEO of Athene Holding Ltd., Chip Gillis, former head of Bear Stearns’ Insurance Solutions Group and former CEO of Athene Life Re Ltd., and Apollo Global Management.

Athene focuses on retirement savings solutions and has deep expertise in the long-term management of retirement benefits. 

Our management team leverages 165+ years of combined experience to create opportunities in today’s evolving retirement marketplace for the growing number of individuals nearing retirement. 

“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 U.S. operating subsidiaries’1 primary business is issuing, reinsuring and acquiring retirement savings products and similar liabilities through our multiple organic and inorganic distribution channels:

  1. Retail
  2. Flow Reinsurance
  3. Funding Agreements 
  4. Pension Group Annuities
  5. Acquisitions and Block Reinsurance Transactions

Performance

Athene has grown from a start up to a premier provider of retirement savings solutions for individuals and institutions, with $246.0 billion in total assets and $196.5 billion in net invested assets.2

We’re a leader in retail fixed, fixed indexed annuities3, registered indexed linked annuities, fixed annuity reinsurance, funding agreements4 and pension group annuity solutions5.

Reaching Higher

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

The Power of Partnership

Athene is part of Apollo, a high-growth, global alternative asset manager. Apollo’s expertise in retirement services asset management gives us a competitive advantage through its alpha-generating portfolio management, asset origination and structuring, M&A sourcing, and operational support. 

As one company, we are stronger, more credit-worthy and capable of more together. We believe the stronger capital base and complete alignment will allow us to rapidly scale asset and liability origination, broaden distribution channels and act as a leading global solutions provider. 
 

Asset Manager

Athene's invested assets are managed by our sister company, Apollo Insurance Solutions Group (AISG). AISG specializes in investment solutions for the insurance industry.

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

1 Athene Annuity & Life Assurance Company, a Wilmington, Delaware-domiciled company, and Athene Annuity and Life Company, a West Des Moines, Iowa-domiciled company, 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 2 GAAP total assets and net invested assets as of December 31, 2022. Pledged assets and funds in trust (restricted assets) total $25.4 billion as of December 31, 2022. These financial metrics have not been updated for the adoption of the accounting standard relating to Targeted Improvements to the Accounting for Long-Duration Contracts (“LDTI”).  Please see Note 1 to Athene’s consolidated financial statements for the year ended December 31, 2022, included in Athene’s Form 10-K for the year ended December 31, 2022, for more information on LDTI.  Athene’s Form 10-K and other documents filed with the Securities and Exchange Commission are available at www.sec.gov.

3 LIMRA Secure Retirement Institute, U.S. Individual Annuity Industry Sales Report, fourth quarter 2022.

4 Funding agreements are comprised of funding agreements issued under our FABN and FABR programs, funding agreements issued to the FHLB and long-term repurchase agreements.

5 LIMRA, U.S. Group Annuity Risk Transfer Survey, fourth quarter 2021.

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Institutions
The institutional channel includes reinsurance and group annuity contracts related to pension group annuities.
Reinsurance Pension Group Annuities (PGA) Investors Privacy Legal

Annuities contain features, exclusions, limitations and availability that may vary by state and/or sales distributor. 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.