Athene sets record quarter in Q3 with $872M earnings

November 14, 2023 by Ryan W. Neal

Retirement income products are in such high demand that executives at Athene – which saw record earnings in the third quarter – believe the industry is in a “golden age of annuities.

Athene, which is owned by Apollo Global Management, reported non-GAAP earnings of $872 million in the third quarter of 2023, a record quarter for the firm and a 36% improvement on the same period last year. The company is seeing strong organic growth with $13 billion of inflows in the third quarter, including $6.4 billion in its retail channel.

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Originally Posted at InsuranceNewsNet on November 9, 2023 by Ryan W. Neal.