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
Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
Investments in Affiliates
Corporate Info
Group Affiliation
BRH Holdings GP Ltd
Investment Rating
--
Company Address
7700 MILLS CIVIC PARKWAY
WEST DES MOINES, IA 50266
WEST DES MOINES, IA 50266
Phone Number
(888) 266-8489
NAIC Number
61689
Website
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