What Apollo Got From Merging With Athene

In January, Apollo completed an $11 billion all-stock merger with Athene, increasing its stake in the insurer. Apollo anticipates its assets under management to double to $1 trillion by 2026, largely due to the merger. The assets are appealing to Apollo Insurance, offering more investment options. Athene, a major holder of fixed annuities, provides steady fee income. The merger simplifies Apollo's governance by adopting a one-share-one-vote plan, potentially leading to its inclusion in the S&P 500.

What was the value of the merger between Apollo and Athene?

• $5 billion

• $11 billion

• $20 billion

• $35 billion

By what year does Apollo expect its assets under management to reach a trillion dollars?

• 2027

• 2024

• 2025

• 2026

What type of products does Athene primarily hold?

• Mutual funds

• Stocks

• Fixed annuities

• Variable annuities

How does the merger benefit Apollo Insurance?

• By increasing marketing reach

• By providing more investment options

• By reducing operational costs

• By diversifying product offerings

What governance change did Apollo make after the merger?

• Introduced a dual-class share structure

• Reduced shareholder meetings

• Adopted a one-share-one-vote plan

• Increased board members