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Top US life insurers, not LIC, led recent Adani investments

Hindustan Times Mumbai

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October 27, 2025

Life Insurance Corporation of India’s (LIC) investment in Adani group companies may be under the spotlight, but recent data shows that some of the largest investments in entities controlled by billionaire Gautam Adani have come not from the state insurer but from major US and global insurers.

- Press Trust of India

In June 2025, a month after a $570 million (%5,000 crore) investment by LIC in Adani Ports & SEZ, US-based Athene Insurance led a 26,650 crore ($750 million) debt investment in Adani’s Mumbai International Airport, joined by several leading international insurance firms.

Apollo Global Management - Athene’s parent company - in a statement on June 23 stated that its managed funds, affiliates, and other long-term investors had completed a $750 million “investment grade rated financing” for Mumbai International Airport Ltd (MIAL).

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