Athene Life Insurance: A Giant In The Industry

Athene is a leading retirement services company with operations in the United States, Bermuda, Canada, and Japan. The company offers a range of retirement income and savings products, including annuities and life insurance, to help individuals achieve financial security in retirement. Athene's products include retail fixed annuities, fixed-indexed annuities, registered index-linked annuities, and institutional products such as pension group annuity solutions. The company also provides reinsurance and group annuity contracts related to pension plans. Athene's ability to meet its ongoing obligations to customers is evaluated annually by independent rating agencies, with recent ratings indicating strong financial stability. While Athene previously sold most of its life insurance business to Accordia Life and Annuity Company, it continues to work with them to service affected customers during the transition period.

Athene's financial strength ratings

Athene Life Insurance is a financially strong company with high credit ratings from major agencies. These ratings reflect the company's ability to meet its ongoing insurance policy and contract obligations.

As of June 2024, Athene received an AM Best rating of A+, the second-highest of 16. The company also received an S&P rating of A+ in January 2024, the fifth-highest out of 21. In September 2024, Athene was rated A+ by Fitch, the fifth-highest of 19, and A1 by Moody's, the fifth-highest of 21.

Athene Holding Ltd., the parent company, has received credit ratings of A-/A-/a- from S&P, Fitch, and AM Best, respectively.

Athene has a strong track record and is well-positioned for future growth. The company has a strong balance sheet, stable and significant earnings, and strong capitalization levels with a growing capital base. The company's management team has over 160 years of collective leadership experience.

Athene's financial strength is further demonstrated by its leading position in the market. In 2020, Athene surpassed Allianz Life to become the #1 provider of fixed-indexed annuities in the United States. The company also has a strong presence in the pension group annuity market, generating $10.4 billion in inflows in 2023 and leading PGA volumes for the last six years.

Athene's institutional channel

Through its institutional channel, Athene offers a range of products and services that cater to the retirement and savings needs of individuals and corporations. The company provides pension group annuities (PGA), which help create secure retirement incomes for their clients. Athene's PGA products are designed to protect retirement savings and generate lifetime income, ensuring a secure financial future for retirees.

Athene is committed to helping financial professionals succeed. They provide access to Athene Connect, an online portal that offers a seamless experience for retirement planning. Athene Connect enables financial professionals to manage contracts, view commission statements, and stay up-to-date with the latest Athene news and sales tools.

Athene's fixed annuities

Athene is a leading retirement services company with operations in the United States, Bermuda, Canada, and Japan. Athene offers a range of annuities, including fixed annuities, to help individuals plan for retirement and create a steady stream of income.

Benefits of Athene's Fixed Annuities

Athene's Other Annuity Options

In addition to fixed annuities, Athene offers a range of other annuity products, including fixed-indexed annuities and registered index-linked annuities. Fixed-indexed annuities offer the potential for growth by tying a portion of your premium to a published stock market index while still protecting your principal from market downturns. Registered index-linked annuities provide exposure to a published stock market index while also offering protection from market loss, allowing for greater growth potential.

Athene's Financial Strength

Athene is committed to helping individuals and corporations achieve their retirement goals and protect their savings. Independent rating agencies meet annually with Athene to evaluate its performance, and the company has received strong financial strength ratings from agencies such as AM Best, S&P, Fitch, and Moody's.

Athene's pension group annuities

Athene is a leading retirement services company with operations in the United States, Bermuda, Canada, and Japan. Athene offers a range of annuities, including pension group annuities, to help individuals build secure retirements.

Benefits of Athene's Pension Group Annuities

Athene's Investment Portfolio

Athene's investment portfolio is well-diversified and of high quality, with a focus on fixed annuities. As of June 30, 2024, approximately 97% of their $166.4 billion available-for-sale fixed-maturity portfolio was designated NAIC 1 or 2.

Athene's Commitment to Customers

Athene is committed to delivering exceptional service to its customers. Plan participants have access to an online benefit center and a premier call center. The company's commitment to pension group annuities and customer service is evident in their track record and dedication to helping individuals achieve their retirement goals.

Athene's Leadership in the Industry

Athene has consistently ranked highly in annuity sales and pension group annuity volumes. In 2023, the company ranked first in total annuity sales in LIMRA's U.S. Retail Annuity Survey, with $35 billion in sales. Additionally, Athene ranked first in pension group annuity sales in 2023, with $10.4 billion in total volume.

Athene's success in the pension group annuity market reflects its financial strength, exclusive focus on retirement services, high-quality investment portfolio, and expertise in managing insurance liabilities. The company's comprehensive approach to retirement solutions has helped over 550,000 plan participants secure their financial future through the pension risk transfer process.

Athene's life insurance policies

Athene is a leading retirement services company with operations in the United States, Bermuda, Canada, and Japan. Athene offers a range of annuities and retirement income and savings products to individuals and corporations. While the company does not provide much detail about its life insurance policies on its website, it does mention that it offers "retail fixed, fixed indexed, and registered index-linked annuities" as well as "institutional products" such as pension group annuity solutions.

In addition to its annuities and pension products, Athene also offers a range of life insurance products, including accidental death, cancer expense/critical illness, disability income, and mortgage protection policies. These policies are designed to provide financial protection in the event of unforeseen circumstances, such as an accident, illness, or death.

While Athene's life insurance policies are designed to provide financial protection and security, the company also emphasizes the importance of financial literacy and planning for retirement. The company offers resources and solutions to help individuals make informed decisions about their retirement savings and income. Overall, Athene's life insurance policies appear to be part of a comprehensive approach to helping individuals and corporations plan and protect their financial future, particularly in the context of retirement.

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