- Business
- Athene Holding Ltd. (NYSE: ATH-PC) operates as a leading retirement services company, providing a diverse range of annuity products and funding agreements to individual and institutional customers. The company offers fixed indexed annuities, registered indexed-linked annuities, immediate annuities, deferred income annuities, payout annuities, fixed rate annuities, and funding agreements, including medium-term funding agreements and funding agreements backed by insured deposits; it also provides reinsurance services for pension group annuities and life insurance products. Athene Holding focuses on the retirement savings and income markets, targeting retail investors seeking retirement security and institutional clients such as banks and pension plans, with primary operations in the United States, Bermuda, and Canada.
Founded in 2009 and headquartered in West Des Moines, Iowa, the company maintains subsidiaries including Athene Annuity & Life Company, Athene Annuity and Life Assurance Company of New York, and Athene Life Re Ltd., with no parent company following its initial affiliation with Apollo Global Management. Athene Holding's business segments encompass retail annuities, institutional products, and reinsurance, emphasizing strong investment management to support policyholder obligations across its geographic footprint.
In recent developments within the last two years, Athene Holding completed its previously announced merger with Apollo Global Management's Athene platform in 2022, integrating fully under Apollo's broader asset management and retirement services ecosystem; this strategic combination enhanced its scale, capital position, and product distribution capabilities. The company launched new retirement-focused offerings, including enhanced fixed indexed annuities with improved crediting strategies amid rising interest rates, and expanded reinsurance partnerships with major life insurers to diversify its liability base. Additionally, Athene Holding reported record premiums and assets under management in 2024, driven by favorable market conditions and operational efficiencies from the Apollo integration.