Athene Tops U.S. Annuity Sales Rankings
Athene has once again shattered records in the retirement services sector, securing the top position in LIMRA’s latest U.S. Retail Annuity Survey. With an impressive $36 billion in sales, this milestone highlights Athene's unparalleled prowess in providing annuity solutions. This marks the second consecutive year that Athene has outperformed all competitors in the U.S.
Impressive Sales Performance
Grant Kvalheim, President of Athene, shared insights on these remarkable achievements. He stated, “These industry-leading results demonstrate our exceptional strength in the retail annuity channel and unmatched, differentiated footprint in the market.” This sentiment reflects the vital role that annuity products play in aiding retirement savers and retirees amid a growing population approaching retirement age.
Key Highlights of Athene's Success
Athene stands out in several categories within the annuity market, including:
- Total 2024 fixed market sales, with nearly $35 billion;
- Total 2024 fixed-rate deferred sales surpassing $21 billion;
- Total 2024 fixed indexed annuity sales exceeding $13 billion;
- Total 2024 bank channel sales close to $20 billion.
Strategic Expansion and Partnerships
As Athene continues to grow, its retail distribution capabilities are expanding significantly. With financial institutions contributing approximately 80 percent of Athene’s retail volume, the company is reaping the benefits of forging strong partnerships. In the past two years, Athene has initiated new business collaborations with five prominent financial institutions, with additional partnerships in the works for the current year.
About Athene
Athene is dedicated to securing the financial future of individuals and organizations alike. As the leading retirement services firm, it boasts total assets exceeding $360 billion as of the end of the previous year. Athene operates not only in the United States but also extends its services to regions like Bermuda, Canada, and Japan. By offering an appealing array of retirement income and savings products, Athene remains committed to being the solution provider for corporations and individuals pursuing financial security.
Connect with Athene
For further inquiries, you can reach out to Jeanne Hess, Vice President of External Relations, at +1 646 768 7319 or via email at jeanne.hess@athene.com.
Frequently Asked Questions
What record did Athene set in annuity sales?
Athene ranked number one in the U.S. Retail Annuity Survey with $36 billion in sales, marking the second consecutive year of leading the market.
Who is the President of Athene?
Grant Kvalheim serves as the President of Athene, providing leadership and direction in the company's operations.
What are some other sales categories Athene excelled in?
Athene also excelled in fixed market sales, fixed-rate deferred sales, fixed indexed annuities, and bank channel sales for 2024.
How is Athene expanding its market presence?
Athene is expanding through strategic partnerships with financial institutions and enhancing its retail distribution capabilities.
Where does Athene operate besides the U.S.?
Athene operates in several countries, including Bermuda, Canada, and Japan, underscoring its global reach in retirement services.
