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.