Sales & Marketing | 10.13.26

What Athene’s Investments Can Tell Asset Managers About Where Insurance Portfolios Are Heading

by: Jesse Pound

Athene Holding’s $314 billion investment portfolio highlights the insurance industry’s shift from traditional corporate and government bonds toward structured credit and alternative investments. Compared with peers, Athene allocates more to residential mortgage loans, collateralized loan obligations (CLOs) and asset-backed securities. These investments can offer higher yields, diversification and better alignment with insurers’ long-term liabilities, although they introduce additional credit and interest-rate risks. Asset managers may find growing opportunities to serve insurers seeking these strategies. However, regulatory scrutiny of insurer–asset manager relationships and new accounting rules for CLOs could influence investment decisions and potentially reduce demand for certain structured products.

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