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. provides retirement income and savings products and serves corporate clients as a retirement solutions company and subsidiary of Apollo Global Management. News about Athene commonly covers annuity product development, including registered index-linked annuities, fixed indexed annuities, custom index relationships, and efforts to simplify retirement income product selection.
Recurring updates also include preferred stock dividend declarations on the company’s non-cumulative preferred shares, fixed income investor calls, business trend and capital updates, annuity sales rankings, investment portfolio commentary, and retirement outlook research tied to demand for guaranteed or pension-like income. Athene’s operating footprint includes the United States, Bermuda, Canada, and Japan.
Athene Holding Ltd. (NYSE: ATH) will participate in the Goldman Sachs 2020 US Financial Services Virtual Conference on December 9, 2020, at 2 p.m. ET. Jim Belardi, CEO, will engage in an analyst-led fireside chat. A live webcast of the event will be available on Athene's website, with a replay accessible post-event. As of September 30, 2020, Athene reported total assets of $191.1 billion. The company specializes in retirement savings products, including annuities and reinsurance services.
Hertz Global Holdings has entered into a stock and asset purchase agreement to sell its wholly-owned subsidiary, Donlen Corporation, to Athene Holding Ltd. for approximately $825 million, with potential adjustments raising the total to at least $875 million. This move is part of Hertz's financial restructuring, following a $1.65 billion debtor-in-possession financing. Athene plans to invest around $1 billion upfront and support up to $2 billion for growth opportunities in Donlen, pending Bankruptcy Court approval.
Athene Holding Ltd. (NYSE: ATH) has announced preferred stock dividends payable on December 30, 2020. Holders of record as of December 15, 2020, will receive:
- $396.875 per share for Series A Preference Shares (6.35% Fixed-to-Floating Rate)
- $351.5625 per share for Series B Preference Shares (5.625% Fixed Rate)
- $398.4375 per share for Series C Preference Shares (6.375% Fixed Rate Reset)
Athene's total assets stood at $191.1 billion as of September 30, 2020, indicating its significant presence in retirement services.
Athene Holding Ltd. (NYSE: ATH) reported strong financial results for Q3 2020, with net income of $622 million, up from $276 million in Q3 2019. The company achieved record organic deposits of $7.4 billion, a 31% year-over-year increase. Adjusted operating income also rose to $302 million, driven by robust investment income. Book value per common share increased to $83.39, marking a 12% year-over-year growth. Despite low interest rates, Athene's capitalization remains strong, and the company expects compelling shareholder value growth in 2021 and beyond.
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.