M&A - ALAC Separate Account 1

Form Type: N-VPFS

Filing Date: 2025-04-28

Corporate Action: Merger

Type: Update

Accession Number: 000093660025000005

Filing Summary: On October 11, 2024, Athene Annuity & Life Assurance Company (AADE) merged with and into Athene Annuity and Life Company (AAIA), with AAIA as the surviving entity following the completion of all required regulatory approvals. The report includes audited financial statements of ALAC Separate Account 1, detailing its performance for the year ending December 31, 2024. The financial highlights indicate changes in net assets, revenues, and investments held in various mutual funds. The document provides comprehensive financial details including statements of net assets, operations, and changes in net assets for two consecutive years, emphasizing the financial position and operational results of the separate account and its related subaccounts. The auditor's opinion states that the financial statements accurately reflect the financial position of the account, conforming with generally accepted accounting principles.