Haris Ashley
Athene is a leading retirement services company that offers annuities and life insurance products. Athene was co-founded by James Belardi, former President of SunAmerica Life Insurance Company, Chip Gillis, former head of Bear Stearns’ Insurance Solutions Group, and Apollo Global Management. Athene has grown from a startup to a premier provider of retirement savings solutions, with over $355 billion in total assets. In 2013, Athene sold most of its life insurance business to Accordia Life and Annuity Company, a subsidiary of Global Atlantic Financial Group. Accordia Life began administering the acquired life insurance policies in early 2016, marking the end of a two-year transition period.
What You'll Learn
Athene Life Re History
Athene Life Re has grown from a startup to a leading retirement services company and subsidiary of Apollo Global Management, Inc. (NYSE: APO). The company 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's focus is on retirement savings solutions, and it leverages deep expertise in the long-term management of retirement benefits.
Athene Life Re's history includes reinsuring annuities from several companies, including American Equity Investment Life Insurance Company, Western United Life Assurance Company, Universal American, Jefferson National, Liberty Life Insurance Company, Transamerica Life Insurance Company, Presidential Life Corporation, Aviva USA, Sammons Financial Group, Lincoln National Life, Voya Financial, Brighthouse Financial, Life Insurance Company of the Southwest, Massachusetts Mutual Life Insurance Company, and Jackson National Life Insurance Company. The company has also completed pension buyout agreements, pension reinsurance transactions in the UK, and mergers and acquisitions, including with Apollo Global Management.
Athene Life Re was publicly traded on the NYSE from 2016 to 2021 and has received financial strength ratings from independent agencies, reflecting its ability to meet ongoing obligations to its customers. The company's invested assets are managed by Apollo Insurance Solutions Group (AISG), which specializes in investment solutions for the insurance industry.
Athene Life Re's parent company, Athene, has grown to become a premier provider of retirement savings solutions, with $355.0 billion in total GAAP assets, $327.9 billion in total GAAP liabilities, $17.4 billion in total GAAP AHL stockholders' equity, and $242.7 billion in net invested assets. Athene is committed to creating innovative financial solutions and building a strong team to serve its policyholders and communities.
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Athene's Financial Strength Ratings
Athene is a leading retirement services company that helps its customers retire confidently. The company was co-founded by James Belardi, former President of SunAmerica Life Insurance Company, Chip Gillis, former head of Bear Stearns’ Insurance Solutions Group, and Apollo Global Management.
Athene's operating subsidiaries have also received ratings from prominent agencies. Athene Holding Ltd.'s credit rating, for instance, stands at A-/A-/a- for S&P, Fitch, and AM Best, respectively. These ratings reflect the company's financial health and its capacity to meet its financial commitments.
Athene has a strong track record, a well-positioned business model, and a robust balance sheet. The company's efficient and scalable platform, stable earnings base, and strong capitalization levels contribute to its financial strength. The management team's extensive experience further bolsters Athene's financial position and performance.
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Athene Annuity and Life Company
The company's financial strength and performance are evaluated annually by independent rating agencies, with recent ratings reflecting a high ability to meet ongoing obligations to its customers. As of 2024, Athene Annuity and Life Company has received strong ratings from S&P (A+, 5th highest of 21), Fitch (A+, 5th highest of 19), AM Best (A+, 2nd highest of 16), and Moody’s (A1, 5th highest of 21).
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Athene Life Re Overview
Athene Life Re is a leading retirement services company that provides solutions to institutions and helps its customers retire confidently. 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's focus is on retirement savings solutions, and it has deep expertise in the long-term management of retirement benefits. The company leverages the combined experience of its management team, totalling 165+ years, to create opportunities in the evolving retirement marketplace for the growing number of individuals approaching retirement.
Athene's US operating subsidiaries' primary business is issuing, reinsuring, and acquiring retirement savings products and similar liabilities through multiple distribution channels. These include pension group annuities, acquisitions, and block reinsurance transactions. Athene has grown from a startup to a premier provider of retirement savings solutions, with impressive total assets, liabilities, equity, and net invested assets.
Athene Life Re has a rich history, including reinsuring fixed and indexed annuities from various companies, executing pension buyout agreements, and completing strategic mergers. The company went public on the NYSE from 2016-2021.
Athene distributes annuity products through various channels, including banks, broker-dealers, and independent marketing organizations. The company also provides resources and support to financial professionals to help them serve their clients better. Athene is committed to helping individuals and companies protect retirement savings and create secure retirement incomes.
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Athene's retirement services
Athene is a leading retirement services company that helps its customers retire with confidence. The company specializes in retirement savings solutions and has deep expertise in the long-term management of retirement benefits. Athene's management team leverages over 165 years of combined experience to create opportunities in today's evolving retirement marketplace. The company is committed to helping individuals and institutions protect their retirement savings and achieve their financial goals.
Athene's Retirement Products and Services
Athene offers a range of retirement products and services designed to meet the needs of its customers. The company provides annuities, pension group annuities, and retirement income plans. Athene's annuities can help individuals grow their savings and create a secure retirement "paycheck". The company also offers resources and solutions to help individuals navigate the financial aspects of retirement planning, such as building emergency funds and creating budgets.
Athene's Financial Strength and Ratings
Athene's financial strength and stability are regularly evaluated by independent rating agencies. The company has received high ratings from reputable agencies such as S&P, Fitch, AM Best, and Moody's. These ratings reflect Athene's ability to meet its ongoing obligations to customers and provide confidence in its financial performance.
Athene's Distribution Channels and Customer Support
Athene distributes its retirement products through various channels, including banks, broker-dealers, and independent marketing organizations. The company recommends dealing directly with financial professionals when purchasing their products and can connect customers with knowledgeable Athene representatives. Athene also provides comprehensive customer support through its Customer Contact Center, online portals like My Athene, and detailed FAQs on its website.
Athene's Growth and Partnerships
Athene has grown from a startup to a premier provider of retirement savings solutions, with significant total assets, liabilities, and invested assets. The company is part of Apollo, a high-growth, global alternative asset manager. This partnership provides Athene with a competitive advantage through alpha-generating portfolio management, asset origination, and operational support. Together, Athene and Apollo aim to scale asset and liability origination, broaden distribution channels, and become a leading global solutions provider.
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Frequently asked questions
Athene was co-founded by James Belardi, Chip Gillis, and Apollo Global Management. Athene completed its IPO in 2016 and was publicly traded on the NYSE until 2021.
Athene is a leading retirement services company that helps its customers retire with confidence. Athene specializes in retirement savings solutions and has deep expertise in the long-term management of retirement benefits.
Athene focuses on retirement savings solutions and has expertise in the long-term management of retirement benefits. The company is driven to help its customers retire with confidence and is committed to creating innovative financial solutions.
Athene is part of Apollo, a high-growth, global alternative asset manager. Apollo's expertise in retirement services and asset management gives Athene a competitive advantage. The two companies merged in 2021.
Athene's financial strength ratings reflect its ability to meet ongoing obligations to its customers. Independent rating agencies meet annually with Athene to evaluate its performance. As of 2024, Athene has received strong ratings from S&P, Fitch, AM Best, and Moody’s.
