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.
LeasePlan Corporation has announced a strategic acquisition agreement with Wheels Donlen's parent company, supported by Athene. This deal aims to unify LeasePlan USA with Wheels Donlen to enhance fleet management solutions. With a combined asset base of $246 billion from Athene, the merger is set to strengthen market position and investment capacity, particularly in electric vehicles and digital technologies. The transaction is expected to close by the end of 2022, contingent upon regulatory approvals, ensuring continuity and global service delivery to clients.
Athene Holding Ltd. announced preferred stock dividends for its non-cumulative preference shares, payable on June 30, 2022, to holders of record as of June 15, 2022. The quarterly dividends are as follows: $396.875 per share for Series A, $351.5625 for Series B, $398.4375 for Series C, and $304.6875 for Series D. These amounts correspond to $0.396875, $0.3515625, $0.3984375, and $0.3046875 per depositary share, respectively. Athene specializes in retirement services and reported total assets of $246.1 billion as of March 31, 2022.
Athene Holding Ltd. announced the appointment of Rebecca H. Tadikonda as Executive Vice President, Strategy and Innovation, effective May 18, 2022. This newly created role aims to enhance the company's growth through strategic initiatives. CEO Grant Kvalheim expressed excitement about her extensive experience in driving strategic growth, having previously worked at MetLife and Bain & Company. Athene, with total assets of $246.1 billion as of March 31, 2022, is expanding its commitment to innovation in the retirement services market.
Athene Holding Ltd. has declared dividends on its non-cumulative preference shares, payable on March 30, 2022, to holders of record as of March 15, 2022. The dividends are as follows: $396.875 per share for Series A; $351.5625 for Series B; $398.4375 for Series C; and $304.6875 for Series D. This reflects the company’s commitment to providing returns to its shareholders. Athene operates with total assets of $235.1 billion as of December 31, 2021, focusing on financial security for customers.
Athene Holding Ltd. reported strong financial results for Q4 and the full year 2021, with inflows surpassing $9 billion in the fourth quarter and a record $37 billion for the year, reflecting a 34% increase from 2020. Full-year adjusted operating earnings reached $2.3 billion, a 124% year-over-year increase. The adjusted book value rose to $73.84 per share, up 30% from last year. Following the merger with Apollo on January 1, 2022, Athene is poised for continued growth and success in the retirement services sector.
Alcoa Corporation (NYSE: AA) announced the acquisition of additional group annuity contracts, enhancing its balance sheet and mitigating pension plan volatility. The new contracts will facilitate the transfer of approximately
AM Best has assigned a Long-Term Issue Credit Rating of bbb+ to Athene Holding Ltd.'s $500 million, 3.45% senior unsecured notes, due May 15, 2052. The outlook for this rating is stable, with all other ratings for Athene remaining unchanged. The funds will support general corporate needs, including growth opportunities, and are indicative of improved capital levels along with stable financial leverage and interest coverage metrics.
Alcoa Corporation (NYSE: AA) announced the purchase of group annuity contracts to transfer approximately $1 billion of pension obligations for certain U.S. retirees. This transfer, expected to complete soon, aims to strengthen Alcoa's balance sheet and mitigate pension plan obligation volatility. Athene Holding, Ltd. (NYSE: ATH) will manage payments for 11,200 participants, with no changes to benefits. However, a non-cash settlement charge of approximately $565 million (or $2.96 per share) will impact the 2021 fourth quarter earnings. Post-transfer, U.S. pension plans will be over 95% funded.
Athene Holding Ltd. (NYSE: ATH) announced a special general meeting for shareholders on December 21, 2021, at 9:00 a.m. ET to approve its merger with Apollo Global Management. The record date for participation is November 4, 2021. The merger is anticipated to close in January 2022, pending approvals from shareholders, regulatory authorities, and other customary conditions. Athene, with $224.4 billion in assets as of September 30, 2021, focuses on providing retirement services and financial security solutions.
Athene Holding Ltd. (NYSE: ATH) reported record financial results for Q3 2021, with nearly $12 billion in gross organic inflows, surpassing the total for all of 2020. This achievement contributed to an adjusted book value that has consistently grown at a compound rate of 17% annually since inception. CEO Jim Belardi highlighted the company's trajectory towards its best profit year, aided by a merger with Apollo Global Management scheduled for January. As of September 30, 2021, Athene's total assets stood at $224.4 billion.
