Athene - M&A Summary and Business Overview

InsuranceCompany

Athene M&A Summary

Athene has acquired 11 companies, including 6 in the last 5 years. A total of 3 acquisitions came from private equity firms.

Athene’s largest acquisition to date was in 2013, when it acquired Aviva USA for $1.6B. Athene has acquired in 8 different US states, and 4 countries. The Company’s most targeted sectors include insurance (46%) and financial services (37%).

Athene Business Overview

Where is Athene headquartered?

Athene is headquartered in Hamilton, Bermuda.

What is Athene’s revenue?

Athene disclosed revenue of 28,194M USD for 2023 and 7,623M USD for 2022.

How many employees does Athene have?

Athene has 1,976 employees.

What sector is Athene in?

Athene is an insurance company.

When was Athene founded?

Athene was founded in 2008.

M&A Summary

M&A Total Activity11
- M&A Buy Activity11
Total Sectors Invested 3
Total Countries Invested 4
M&A Buy/Sell Connections 9
M&A Advisors 6

Athene

Athene Holding Ltd.

Washington House Second Floor 16 Church Street,
Hamilton, HM 11
Bermuda,
+441-279-8400
www.athene.com

Athene is a life insurance holding company focused principally on the retirement market and whose business, through its subsidiaries, is focused primarily on issuing or reinsuring fixed and equity indexed annuities. Athene was formed in 2008 and is based in Pembroke, Bermuda.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (1.2/yr)	#	5	2	4	-	-	-	11
Buy (1.2/yr)	vol	$2.2B	$875M	$1.0B				$4.1B
Sell (0.0/yr)	#	-	-	-	-	-	-	0
								11

Most Recent M&A

Company	Date	Value	Type
Petros PACE Finance LLC	2021-12-20	-	Add-on Acquisition
Austin, Texas · www.petros-pace.com
Aqua Finance, Inc.	2021-11-29	1.0B USD	Secondary Buyout
Wausau, Wisconsin · www.aquafinance.com
Nexera Holding LLC	2021-10-18	-	Add-on Acquisition
Emeryville, California · www.newfi.com
Foundation Home Loans	2021-07-15	-	Add-on Acquisition
Bracknell, United Kingdom · www.foundationforintermediaries.co.uk
Donlen Corp.	2020-11-25	875M USD	Add-on Acquisition
Bannockburn, Illinois · www.donlen.com
Jackson National Life Insurance Co.	2020-06-18	-	Stake Purchase
Lansing, Michigan · www.jackson.com
Aegon Ireland plc	2017-08-10	-	Add-on Acquisition
Dublin, Ireland · www.aegon.ie
Delta Lloyd Deutschland AG	2015-01-15	-	Divestiture
Wiesbaden, Germany · www.deltalloyd.de
Aviva USA Corp.	2013-10-02	1.6B USD	Add-on Acquisition
West Des Moines,, Iowa
Investors Insurance Corp.	2011-07-19	-	Divestiture
Jacksonville, Florida · www.investorsinsurancecorp.com
View All >>

M&A by Sector

Sector	Buy #	Value	Sell #	Value
Insurance	5 (45%)	2.2B (54%)	-	-
Financial Services	4 (36%)	1.0B (25%)	-	-
Business Services	2 (18%)	875M (22%)	-	-
Total	11	$4.1B	-	-

By Geo

State/Country		Buy	Value	Sell	Value
United States		8	4.1B	-	-
	Wisconsin	1	1.0B	-	-
	Texas	1	-	-	-
	South Carolina	1	628M	-	-
	Michigan	1	-	-	-
	Iowa	1	1.6B	-	-
	Illinois	1	875M	-	-
	Florida	1	-	-	-
	California	1	-	-	-
Germany		1	-	-	-
Ireland		1	-	-	-
United Kingdom		1	-	-	-
Domestic		-	-	-	-
Cross-border		11 (100%)	4.1B (100%)	-	-
Total		11	$4.1B	-	-

Top M&A Advisors

Financial	Deals
Fenchurch Advisory Partners Ltd.	1
Credit Suisse Investment Banking	1
Ernst & Young Capital Advisors LLC	1

Legal	Deals
Maples Group	1
Sidley	1
Linklaters	1

Deal Values

buy	#	Total
> $1B	2	$2.6B
$100M to $1B	2	$1.5B
TOTAL		$4.1B
Largest	Aviva USA Corp. $1.6B (2013-10-02)

M&A Connections

		Deals
Acquired from
Investor(s)	27%	3 (27%)
Strategic(s)	45%	5 (45%)

Company Summary

SECTOR

Insurance

Revenue

28,194 270%	2023
7,623 72%	2022
26,378 78%	2021
14,833 9%	2020
16,258 149%	2019
6,543 26%	2018
8,727 113%	2017
4,107	2016
(millions of USD)	Show More Show Less

Employees

1,976

Established

2008

Public

NYSE: ATH

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Athene - M&A Summary and Business Overview

InsuranceCompany