Annuity leader Athene’s sales drive 75% net income boost for Apollo in Q2
August 8, 2023 by John Hilton
Apollo Global Management leveraged strong annuity sales from its Athene business to drive a 75% increase in year-over-year adjusted net income.
“These are truly exceptionally good times,” said Marc Rowan, co-founder, CEO and director of Apollo, during a call with analysts today.
Apollo found a successful formula investing the capital brought in by annuities provider Athene Annuity & Life in mostly investment-grade debt products.
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Originally Posted at InsuranceNewsNet on August 3, 2023 by John Hilton.
Categories: Industry Articles