Athene’s Second Quarter Financial Results
Athene Holding announced financial results for the second quarter 2018.
Net income for the second quarter 2018 was $264 million, or $1.33 per diluted Class A share ["diluted share"], compared to net income for the second quarter 2017 of $326 million, or $1.65 per diluted share.
Adjusted operating income1 for the second quarter 2018 was $290 million, or $1.48 per adjusted operating share, compared to adjusted operating income for the second quarter 2017 of $280 million, or $1.43 per adjusted operating share.
“Our strong second quarter results continued our track record of producing consistently growing earnings and high ROEs,” said Jim Belardi, CEO of Athene. “We sourced $2.7 billion of organic deposits, driven by record retail sales of $2.0 billion.
“Our multi-channel distribution platform allows us to prioritize channels where we meet our mid-teens return targets and is consistent with our opportunistic business model. On June 1 we closed the Voya reinsurance transaction bringing our total invested asset portfolio to approximately $100 billion, a remarkable achievement for a nine-year-old company.”
“We have powerful organic growth engines and our inorganic pipeline is as robust as I’ve ever seen. We are extraordinarily well positioned as a solutions provider to the financial services industry as it accelerates its restructuring,” Mr. Belardi continued.
