Apollo and Athene Complete Merger

To our Valued Distribution Partners:  

This morning, Athene and Apollo announced the successful completion of their merger under Apollo Global Management, Inc. (NYSE: APO). (See the news release for details.)

Over the past 12-plus years, we have experienced tremendous growth and success due to our strategic relationship with Apollo, and now as one fully aligned company our value will be significantly stronger than the sum of our parts. The merger serves as both a competitive differentiator and a growth accelerant.

In addition, our opening market capitalization of $43 billion makes us a prime candidate for inclusion in the S&P 500^®.

Our leaders, day-to-day management, team structure and operational business model remain the same. Apollo CEO Marc Rowan leads the combined entity and Athene CEO Jim Belardi continues to lead Athene, along with our current management team and full workforce.

The strategic advantages we gain from the merger are significant as we accelerate the growth of our retail business in an expanding annuity marketplace. Most importantly, they put us in an even better position to do what we do best — provide you with high-value annuity solutions to grow your business and give your clients the confidence to retire better.

Thank you for your business and your partnership. You have been instrumental to our success, and we look forward to growing together in the New Year and in years to come. 

Best, 

Chris Grady
EVP and Head of Retail Sales
Athene USA