Athene Holding Ltd., a leading financial services company specializing in retirement solutions, today announced financial results for the third quarter 2021. The full earnings release, financial supplement, and earnings presentation are available on the ir.athene.com website.
Jim Belardi, CEO of Athene said, "In the third quarter, we originated nearly $12 billion of gross organic inflows, a new quarterly record for Athene. With this result, we have already surpassed the level of total organic inflows generated in all of 2020, which was our previous record. Our third quarter results also highlight that we are on pace to deliver our best year of annual profits since we started the company."
Belardi continued, "These factors combined to drive Athene's adjusted book value to new highs, reaching an impressive compound growth rate of 17% per year since inception, a level we believe is unmatched by our retirement services competitors and is among the very best in the financial services industry. I am truly excited to see Athene continue this success as a fully aligned partner with Apollo, following the completion of our pending merger in January."
Conference Call Details
Management will host a conference call to review Athene's financial results on November 3, 2021 at 10:00 a.m. EST.
Live conference call: Toll-free at (877) 876-9173 (domestic) or (785) 424-1667 (international)
Conference call replay available through November 10, 2021 at (800) 839-2394 (domestic) or (402) 220-7207 (international)
About Athene Athene Holding Ltd. (NYSE: ATH), through its subsidiaries ("Athene"), is a leading financial services company with total assets of $224.4 billion as of September 30, 2021 and operations in the United States, Bermuda, and Canada. Athene specializes in helping its customers achieve financial security and is a solutions provider to institutions. Founded in 2009, Athene is Driven to Do More for our policyholders, business partners, shareholders, and the communities in which we work and live. For more information, please visit www.athene.com.
The reconciliation of book value per common share to adjusted book value per common share is as follows:
Book value per common share
Accumulated change in fair value of reinsurance assets
Effect of items convertible to or settled in Class A common shares