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) is a leading provider of retirement services, offering innovative solutions for retirement income and savings products across global markets. This page serves as the definitive source for official announcements, financial updates, and strategic developments impacting the company's trajectory.
Investors and industry observers will find timely access to earnings reports, product launches, leadership updates, and regulatory filings. Our curated news collection enables informed analysis of Athene's market position in the retirement services sector, including its corporate solutions and risk management practices.
Key updates include developments in annuity product offerings, strategic partnerships, and financial performance metrics. Bookmark this page to monitor how Athene's global operations and asset management strategies evolve in response to demographic trends and regulatory changes.
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.
Athene Holding Ltd. (NYSE: ATH) has announced its lead investment in the merger of Wheels, Inc. and Donlen, LLC, aiming to enhance mobility solutions for diverse fleet sizes. The newly formed entity will manage approximately $5 billion in assets and is expected to receive an investment-grade rating. Shlomo Crandus has been appointed CEO, with representatives from both companies on the management team. This merger is part of Athene's strategy to invest in firms with robust fundamentals, enabling enhanced capital deployment and best-in-class customer service.
Newfi, a technology-driven mortgage lender, has confirmed a definitive agreement to sell a majority interest to Athene from Warburg Pincus. The investment will be managed by Apollo. This deal aims to enhance Newfi's capabilities in the non-agency mortgage space and comes during a period of record earnings growth. Founder Steve Abreu will continue to lead the company, which boasts over $6 billion in originations. The transaction is expected to close in Q1 2022, pending regulatory approvals.
Athene Holding Ltd. (NYSE: ATH) will release its third quarter 2021 financial results on November 3, 2021, before market opening. The complete news release, financial supplement, and earnings presentation will be accessible on their website.
Management will hold a conference call at 10:00 a.m. ET on the same day to discuss the financials.
