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(American Life Insurance Guide 2021/03/18 News) American private equity investment group, Apollo Global Management Inc. (NYSE: APO) announced in early March 2021 that it will exchange shares with Athene Anuity&Life Life Insurance Group merge.
Athene is valued at $110 billion in the transaction, and the combined market value of the two companies will reach $290 billion.
OnFixed income annuityIn terms of sales in this segment of (Fixed Annuity), Athene Annuity and Life Insurance's sales of $77 billion, ranked third in the 2020 annual sales rankings.
The top 2020 annual sales volume of the fixed-rate annuity market in 2 areNew York Life Insurance($99 billion), andAIG Life Insurance($85 billion).
In the annuity insurance market in the Chinese American community, the annuity products of Athene Insurance Group are more common.
After completing the merger with Athene Annuity and Life Insurance Group, Apollo Global Management Inc. (NYSE: APO) is expected to joinSP500 index. (End of full text)
