What kind of company is Athene?

Athene is a leading retirement services company that provides annuities and other retirement savings products to consumers in the United States and U.S. territories. The company was founded in 2009 and is headquartered in West Des Moines, Iowa. Athene has grown rapidly since its founding and has become one of the largest providers of annuities in the country.

Products and ServicesAthene offers a range of retirement savings products, including fixed and indexed annuities, as well as life insurance. The company's annuities are designed to provide consumers with guaranteed income during retirement, and can be customized to meet the specific needs of individual customers.

In addition to its core product offerings, Athene also provides a range of services to its customers, including online account access, educational resources, and retirement planning tools. The company's goal is to help consumers achieve their retirement goals by providing them with the information and resources they need to make informed decisions about their retirement savings.

History and GrowthAthene was founded in 2009 by James Belardi, who was previously the CEO of SunAmerica Financial Group. The company's initial focus was on acquiring and managing fixed annuity portfolios from other insurance companies.

Since its founding, Athene has grown rapidly through a combination of organic growth and strategic acquisitions. In 2013, the company sold most of its life insurance business to Accordia Life and Annuity Company , a subsidiary of Global Atlantic Financial Group. This allowed the company to focus more fully on its core annuity business.

Today, Athene is one of the fastest-growing annuity providers in the country. The company's success is due in large part to its focus on innovation and customer service. Athene is constantly looking for new ways to serve its customers and is committed to providing the best possible customer experience.

Regulatory ConcernsWhile Athene has enjoyed rapid growth and success in recent years, it has also faced some regulatory scrutiny. In April 2020, the New York Department of Financial Services (NYDFS) issued a consent order against Athene's New York subsidiary, Athene Annuity & Life Assurance Company of New York. The order required the company to take a number of steps to improve its risk management and compliance processes.

Overall, however, Athene has a strong reputation in the industry and is considered a trusted provider of annuities and other retirement savings products. The company is committed to innovation, customer service, and helping consumers achieve their retirement goals.