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      "text": "Historical Alt Investment Performance",
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      "text": "Note: As of September 30, 2023, 87% of Athene's alternative investments are valued without a lag. 1. As of September 30, 2023. 2. Yield, Hybrid, and Equity buckets include third-party investments. 3. Other primarily includes cash and royalties. 4. Alternative performance is presented net of investment management fees and based on an average of annualized quarterly results.",
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      "text": "Over the past 10 years, Athene's alternative investment portfolio has returned ~12% annually, on average. Historical returns have been less volatile than the broader equity market.",
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      "text": "Athene's $11.8 billion alternatives portfolio accounts for ~6% of net invested assets. Growth of alternative investments provides dry powder to seed and co-invest in Apollo-managed funds.",
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