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Apollo Global Management logoApollo Global Management APO

Apollo Global Management said AM Best upgraded the financial strength rating of Athene Holding Ltd.'s primary insurance subsidiaries (the Athene Group) from "A" (Excellent) to "A+" (Superior) on June 20, 2024.

8-KRegulation FD DisclosureFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Apollo Global Management said AM Best upgraded the financial strength rating of Athene Holding Ltd.'s primary insurance subsidiaries (the Athene Group) from "A" (Excellent) to "A+" (Superior) on June 20, 2024.

  2. The company said AM Best upgraded the Athene Group's long-term issuer credit rating from "a+" (Excellent) to "aa-" (Superior).

  3. Apollo said AM Best upgraded the long-term issuer credit rating of Athene Holding Ltd. (AHL) from "bbb+" (Good) to "a-" (Excellent). AHL is a subsidiary of the company.

  4. The company said the Athene Group includes Athene Annuity & Life Assurance Company, Athene Annuity and Life Company, Athene Annuity & Life Assurance Company of New York, and Athene Annuity Re Ltd.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AM Best Upgrades Athene Group Financial Strength Rating

Apollo Global Management said AM Best upgraded the financial strength rating of Athene Holding Ltd.'s primary insurance subsidiaries (the Athene Group) from "A" (Excellent) to "A+" (Superior) on June 20, 2024.

Source · Based on the filing body and exhibits

AM Best Upgrades Athene Group Long-Term Issuer Credit Rating

The company said AM Best upgraded the Athene Group's long-term issuer credit rating from "a+" (Excellent) to "aa-" (Superior).

Source · Based on the filing body and exhibits

AM Best Upgrades Athene Holding Ltd. Long-Term Issuer Credit Rating

Apollo said AM Best upgraded the long-term issuer credit rating of Athene Holding Ltd. (AHL) from "bbb+" (Good) to "a-" (Excellent). AHL is a subsidiary of the company.

Source · Based on the filing body and exhibits

Rated Insurance Subsidiaries Affected by Upgrade

The company said the Athene Group includes Athene Annuity & Life Assurance Company, Athene Annuity and Life Company, Athene Annuity & Life Assurance Company of New York, and Athene Annuity Re Ltd.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.