Athene Holding Ltd. has released a presentation detailing its financial standing and operational structure. The document highlights Athene's alignment with Apollo under a publicly traded holding company, emphasizing a shared shareholder base and majority independent board. Athene operates as a separate credit group with its own capital structure, maintaining a strong market capitalization and regulatory capital. The presentation also underscores the unique asset management requirements of insurers, including strategic asset allocation and regulatory engagement, and notes the challenges in public fixed income markets, such as diminished liquidity and the underperformance of active corporate bond managers compared to passive funds. You can access the full presentation through the link below.