Athene forecasts 2026 core outflow rate of 11.2%
APO•Athene forecasts core outflows of 11.2% in 2026, up from 10.9% in 2025. It projects fourth-quarter outflows of 10.7% and targets asset yield outperformance of 30–40 basis points against the industry without incremental credit risk.
1. Outflow projections
Athene forecasts 2026 core outflows of 11.2%, compared with 10.9% in 2025. Maturity-driven contractual outflows are projected at 6.2%, up from 5.5%, while policyholder-driven outflows are expected to be 5%, down from 5.4%. Fourth-quarter core outflows are forecast at 10.7%, versus 12.1% in the third quarter. Its investment strategy targets asset yield outperformance of 30–40 basis points against the industry without incremental credit risk.
