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Athene reports record third-quarter earnings of $640 million

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Athene Holding Ltd., parent company of Athene USA in West Des Moines, on Wednesday reported third-quarter net income of $640 million, or $3.23 per share, compared with $274 million, or $1.39 per diluted share, in last year’s third quarter. Adjusted operating income for the recent quarter was $381 million, or $1.95 per share, compared with $231 million, or $1.18 per share, in adjusted operating income a year ago. Athene generated organic deposits of $3.3 billion during the third quarter, an increase of 16 percent compared with the prior year. “Our record third-quarter financial results reflect our continued focus on delivering superior value,” said Jim Belardi, CEO of Athene. “We are extraordinarily well positioned with a multi-channel distribution platform that provides sustainable and opportunistic growth at very attractive [return on equity].”