Apollo-Backed Athene Sees 2016 Accounting Fix After IPO Delayed

  • Plan is to improve to significant deficiency status, CFO says
  • Athene is working to fix accounting ahead of planned IPO

Athene Holding Ltd., the insurer with ties to Apollo Global Management LLC, said it expects to remediate a flaw in its accounting by early next year as management plans for an initial public offering.

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