Welcome to our dedicated page for Athene Hldg news (Ticker: ATH), a resource for investors and traders seeking the latest updates and insights on Athene Hldg stock.
Athene Holding Ltd. (ATH) appears frequently in financial and corporate news as a retirement-focused financial services and insurance company and as a subsidiary of Apollo Global Management, Inc. News releases highlight Athene’s role as a retirement services or retirement solutions company that concentrates on financial security for individuals and on corporate retirement-related solutions.
Company news often centers on capital markets activity and preferred stock actions. Athene regularly announces dividends on its non-cumulative preferred stock series, including Series A, B, C, D and E, represented by depositary shares listed on the New York Stock Exchange under symbols such as ATHPrA, ATHPrB, ATHPrC, ATHPrD and ATHPrE. The company has also reported the redemption of an entire series of preferred stock and the associated depositary shares, as well as offerings of senior notes and junior subordinated debentures intended for general corporate purposes and capital contributions to insurance subsidiaries.
Another recurring news theme is Athene’s reinsurance and international activity. A notable example is the announcement of a block reinsurance transaction with Sony Life Insurance Co. Ltd. in Japan, where Athene reinsures an in-force block of U.S. dollar denominated whole life insurance policies and works with another reinsurer to retrocede mortality risk. The company’s communications describe multiple reinsurance transactions with Japanese insurers, reflecting Athene’s presence in the Japanese retirement and insurance market.
News items also cover strategic and leadership developments, such as key leadership appointments aligned with a multi-year growth plan, and investor communications including fixed income investor calls and retirement services business updates. These updates, often coordinated with Apollo’s earnings calls and presentations, provide information on Athene’s business trends, new business origination, investment portfolio and capital.
Investors and observers following ATH-related news can therefore expect coverage of preferred stock dividends and redemptions, debt offerings, reinsurance transactions, retirement system insights, leadership changes, and Apollo-hosted calls that include Athene’s financial results and business commentary.
Athene Holding Ltd. (NYSE: ATH) will release its third quarter 2020 financial results on November 3, 2020, before the NYSE opens. The related news release, financial supplement, and earnings presentation will be accessible on the ir.athene.com website. Additionally, a conference call to discuss the results will take place on the same day at 10:00 a.m. ET, with live and archived webcasts available online.
AM Best has issued a Long-Term Issue Credit Rating of bbb for Athene Holding Ltd.'s recently issued $500 million senior unsecured notes, maturing January 15, 2031. The outlook is positive, reflecting stable proforma financial leverage and interest coverage metrics. Athene plans to use the proceeds for corporate purposes, including investment opportunities and growth. The existing ratings for Athene and its subsidiaries remain unchanged, with the last affirmation occurring on May 22, 2020.