Apollo's insurance company becomes the second-largest borrower from the Federal Home Loan Bank (FHLB)

Data shows that in the past two years, insurance companies' FHLB borrowings have increased by approximately 25%, having tripled since 2013. The aforementioned $2.33 billion scale is second only to Truist Financial Corp. and ranks ahead of all major U.S. banks. This figure marks a significant increase from 2024, when Athene ranked seventh in the system with a balance of $1.56 billion. Expand