ATHENE ANNUITY & LIFE CO
Major Rating Factors:
Fair quality investment portfolio (3.3 on a scale of 0 to 10) with large holdings of BBB rated bonds in addition to significant exposure to junk bonds. Exposure to mortgages is significant, but the mortgage default rate has been low. Weak profitability (1.9) with operating losses during 2022. Weak Liquidity (0.6).
Other Rating Factors:
Weak overall results on stability tests (2.6) including excessive premium growth and weak risk adjusted capital in prior years. Good capitalization (5.2) based on good risk adjusted capital (moderate loss scenario).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
Principal Lines of Business:
Ind annuities (61.8%), group annuities (38.2%)
Licensed in:
All states except NY