Athene Holding Ltd., the Bermuda-based holding company of Athene USA, announced fourth-quarter and full-year financial results today. Fourth-quarter 2021 net income was $1.06 billion, compared with $1.065 billion in the year-ago quarter. Full-year 2021 net income was $3.72 billion, or $18.71 per share, compared with $1.65 billion, or $8.35 per share, for 2020. In the fourth quarter, Athene generated more than $9 billion of inflows, completing a record year of organic growth, which totaled $37 billion of inflows, increasing 34% versus the prior year. “This is a remarkable achievement that demonstrates our leadership position within the retirement services marketplace,” CEO Jim Belardi said. The past year also marked a record level of profitability for Athene, with $2.3 billion of full-year adjusted operating earnings, an increase of 124% year-over-year. “As we have consistently done since our founding, we achieved this result through our ability to drive attractive spread earnings, which benefits from the upside offered by our portfolio of differentiated alternative investments,” Belardi said. On Jan. 1, Athene completed its merger with alternative asset manager Apollo. “We’re incredibly excited about our next stage of growth as a fully aligned business and are energized by the tremendous opportunity to continue building upon our legacy of success,” Belardi said.