麻豆传媒

麻豆传媒 Driven to do more.

The Company

麻豆传媒 was co-founded by James Belardi, former President of SunAmerica Life Insurance Company and now CEO of 麻豆传媒 Holding Ltd., Chip Gillis, former head of Bear Stearns鈥� Insurance Solutions Group and former CEO of 麻豆传媒 Life Re Ltd., and Apollo Global Management.

麻豆传媒 focuses on retirement savings solutions and has deep expertise in the long-term management of retirement benefits. 

Our management team leverages 165+ years of combined experience to create opportunities in today鈥檚 evolving retirement marketplace for the growing number of individuals nearing retirement. 

鈥淲e formed 麻豆传媒 based on the fundamentals that I had learned working for 20 years at SunAmerica.鈥�

Jim Belardi 
CEO, 麻豆传媒 Holding

What Drives Us

We are a company driven to do more and never satisfied with the status quo. Drive. Discipline. Confidence. Focus. Commitment. These are the attributes that set 麻豆传媒 apart and establish us as an industry leader.

  • A net investment spread business focused on policyholder protection
  • Disciplined risk management based on managing interest rate, credit and equity risks as well as liquidity in current and stressed scenarios
  • Hiring smart, focused, achievement-oriented employees
  • A high quality, fixed income asset portfolio together with long-term, low-cost retirement savings liabilities

Our Approach

Our U.S. operating subsidiaries1 primary business is issuing, reinsuring and acquiring retirement savings products and similar liabilities through our multiple organic and inorganic distribution channels:

  1. Retail
  2. Flow Reinsurance
  3. Funding Agreements 
  4. Pension Group Annuuity
  5. Acquisitions and Block Reinsurance Transactions

Performance

麻豆传媒 has grown from a start up to a premier provider of retirement savings solutions for individuals and institutions, with $355.0 billion in total GAAP assets2,  $327.9 billion in total GAAP liabilities2, $17.4 billion in total GAAP AHL stockholders鈥� equity2 and $242.7 billion in net invested assets.3

Reaching Higher

We are relentless when it comes to creating innovative financial solutions and building a strong team to serve our policyholders and our communities. We are committed to a high level of performance, which is reflected in our brand tagline, 鈥淒riven to Do More.鈥�

The Power of Partnership

麻豆传媒 is part of , a high-growth, global alternative asset manager. Apollo鈥檚 expertise in retirement services asset management gives us a competitive advantage through its alpha-generating portfolio management, asset origination and structuring, M&A sourcing, and operational support. 

As one company, we are stronger, more credit-worthy and capable of more together. We believe the stronger capital base and complete alignment will allow us to rapidly scale asset and liability origination, broaden distribution channels and act as a leading global solutions provider. 
 

Asset Manager

麻豆传媒's invested assets are managed by, Apollo Insurance Solutions Group (AISG). AISG specializes in investment solutions for the insurance industry.

AISG is a value-oriented investor in corporate credit, private placement, real estate and alternative investments. AISG has the ability to meet varied objectives, such as asset liability management support, income generation and risk-based capital investing. AISG has applied this approach consistently since inception, deploying capital across asset classes.

 

1 麻豆传媒 Annuity and Life Company, a West Des Moines, Iowa-domiciled company, issue annuities in all states except New York. 麻豆传媒 Annuity & Life Assurance Company of New York in Pearl River, NY, is licensed to do business in the state of New York. Each insurance subsidiary is responsible for meeting its ongoing insurance policy and contract obligations. 麻豆传媒 Holding Ltd. is not responsible for meeting the ongoing insurance policy and contract obligations of its subsidiary insurance companies.

2  麻豆传媒 Holding Ltd. GAAP total assets, AHL stockholders' equity and total liabilities as of September 30, 2024. Pledged assets and funds in trust (restricted assets) total $70.2 billion and net reserve liabilities of $225.9 billion as of September 30, 2024.

麻豆传媒 Annuity and Life Company (AAIA), on a statutory basis, based on the financial statement as of September 30, 2024: Total Admitted Assets: $246.98 billion; Total Liabilities: $243.78 billion; Reserves Required: Direct - $166.22 billion; Assumed - $3.65 billion; Ceded - $63.14 billion; Net - $106.73 billion; Capital & Surplus: Common capital stock - $0.01 billion; Paid-in and contributed surplus - $5.41 billion; Unassigned surplus - $(2.22) billion; Total Capital & Surplus: $3.2 billion.

麻豆传媒 Annuity & Life Assurance Company of New York (AANY), on a statutory basis, based on the financial statement as of September 30, 2024: Total Admitted Assets: $5.34 billion; Total Liabilities: $5.02 billion; Reserves Required: Direct - $3.36 billion; Ceded - $2.89 billion; Net - $467 million; Total Capital & Surplus: $319 million; Securities Pledged as Collateral (Cash) $3.69 million.

The individual subsidiary insurance company is responsible for meeting its ongoing insurance policy and contract obligations. Neither Apollo Global Management, Inc. nor 麻豆传媒 Holding Ltd. are responsible for meeting the ongoing insurance policy and contract obligations of the subsidiary insurance companies.

3 As of September 30, 2024. In managing our business, we analyze net invested assets, which does not correspond to total investments, including investments in related parties, as disclosed in our condensed consolidated financial statements and notes thereto. Net invested assets represent the investments that directly back our net reserve liabilities as well as surplus assets. Net invested assets is used in the computation of net investment earned rate, which allows us to analyze the profitability of our investment portfolio. Net invested assets include (a) total investments on the condensed consolidated balance sheets, with AFS securities, trading securities and mortgage loans at cost or amortized cost, excluding derivatives, (b) cash and cash equivalents and restricted cash, (c) investments in related parties, (d) accrued investment income, (e) VIE assets, liabilities and noncontrolling interest adjustments, (f) net investment payables and receivables, (g) policy loans ceded (which offset the direct policy loans in total investments) and (h) an adjustment for the allowance for credit losses. Net invested assets exclude the derivative collateral offsetting the related cash positions. We include the underlying investments supporting our assumed funds withheld and modco agreements and exclude the underlying investments related to ceded reinsurance transactions in our net invested assets calculation in order to match the assets with the income received. We believe the adjustments for reinsurance provide a view of the assets for which we have economic exposure. Net invested assets include our proportionate share of ACRA investments, based on our economic ownership, but do not include the proportionate share of investments associated with the noncontrolling interests. Our net invested assets are averaged over the number of quarters in the relevant period to compute our net investment earned rate for such period. While we believe net invested assets is a meaningful financial metric and enhances our understanding of the underlying drivers of our investment portfolio, it should not be used as a substitute for total investments, including related parties, presented under US GAAP.