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. has announced a Fixed Income Investor conference call scheduled for February 22, 2023, at 12:00 PM ET. The call will include updates from Athene's senior management on key areas such as new business origination, investment portfolio status, liquidity positioning, and capital allocation. Investors can access the full details and a live webcast via the Investor Relations section of Athene's website. The company, a subsidiary of Apollo Global Management, reported total assets of $246 billion as of December 31, 2022, and is focused on providing financial security to its customers.
Athene Holding Ltd. announced a first close for the Apollo/Athene Dedicated Investment Program II (ADIP II) with $2 billion in capital commitments. This new fund aims to enhance Athene's growth by investing directly alongside Athene into ACRA 2, its reinsurance subsidiary. Building on ADIP I's success, which featured over $60 billion in assets, ADIP II's strong investor demand highlights its portfolio differentiation and performance. With access to over $7 billion in deployable capital, Athene plans to pursue growth opportunities in retirement services, underscoring the effective partnership with Apollo post-merger.
Athene Holding Ltd. has declared quarterly dividends on its non-cumulative preference shares, payable on December 30, 2022. The dividends include:
- $396.875 per share for Series A,
- $351.5625 per share for Series B,
- $398.4375 per share for Series C,
- $304.6875 per share for Series D.
Record date for these dividends is December 15, 2022. Athene continues to emphasize its commitment to providing financial security, boasting total assets of $236.7 billion as of September 30, 2022.
LeasePlan USA and Wheels Donlen have announced the completion of their merger, creating a leading corporate mobility solutions provider. The combined entity, managed by CEO Shlomo Crandus, oversees over 800,000 vehicles and $7 billion in assets in the US. Athene Holding serves as lead investor and majority shareholder, emphasizing a commitment to long-term stability and client service. The company aims to enhance its fleet management services, integrating advanced electric and digital solutions. A rebranding is expected in Q1 2023, with a focus on seamless client experiences.
Athene Holding Ltd. (NYSE: ATH) announced the sale of $400 million in 6.650% senior unsecured notes due 2033, with the offering set to close on November 21, 2022. The proceeds will be used for general corporate purposes. Morgan Stanley, BofA Securities, Goldman Sachs & Co. LLC, and Wells Fargo Securities are the joint book-running managers for the offering. As of September 30, 2022, Athene reported total assets of $236.7 billion, highlighting its strong position in the financial services sector specializing in retirement solutions.
Athene Holding Ltd. announced the results of its tender offers for cash concerning two series of senior secured medium-term notes. The Series 2022-6 Offer targeted $500 million of 3.205% notes due 2027, with $260.1 million validly tendered. The Series 2020-5 Offer targeted $650 million of 2.450% notes due 2027, with $238.1 million validly tendered. Both offers expired on September 12, 2022, with settlements expected on September 13, 2022. The offers mark a significant development in Athene's funding strategy, aimed at enhancing financial flexibility.
Athene Holding Ltd. has set pricing terms for cash offers to purchase two series of senior secured medium term notes. The Series 2022-6 Offer targets $500 million of 3.205% notes due March 2027, while the Series 2020-5 Offer focuses on $650 million of 2.450% notes due August 2027. The offers, which expire at 5:00 p.m. on September 12, 2022, are part of Athene's strategy to manage its financial liabilities. Investors can expect accrued interest on accepted notes. Deutsche Bank and Morgan Stanley are managing the offers.
Athene Holding Ltd. announced the commencement of two separate offers to purchase senior secured medium term notes. The Series 2022-6 Offer aims to acquire $500 million of 3.205% notes due 2027, while the Series 2020-5 Offer targets $650 million of 2.450% notes, also due 2027. This initiative reflects Athene's strong credit metrics and recent upgrades in credit ratings from Fitch to A+ and Moody's A1. The offers will expire on September 12, 2022, with settlement anticipated on September 13, 2022.
Athene Holding Ltd. has declared dividends for its preferred stock, to be paid on September 30, 2022. The dividends include $396.875 per share for Series A, $351.5625 for Series B, $398.4375 for Series C, and $304.6875 for Series D. Holders of depositary shares will receive proportionate amounts. All payments are for the quarter ending in September 2022, with record dates set for September 15, 2022. Athene, a financial services leader, manages total assets of $234.3 billion.
Lockheed Martin (NYSE: LMT) announced the purchase of group annuity contracts from Athene Holding Ltd. (NYSE: ATH), transferring approximately $4.3 billion of pension obligations for 13,600 U.S. retirees. The transaction will not require additional funding and will have no impact on the benefits received by retirees. However, a $1.5 billion non-cash settlement charge is expected in Q2 2022, resulting from accelerated recognition of actuarial losses. The company will revise its financial outlook during its upcoming earnings release.
