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 operates as a retirement services company specializing in fixed annuities, pension risk transfer, and reinsurance operations. The company's news flow typically reflects developments across retail annuity distribution, institutional reinsurance transactions, capital markets activity, and investment portfolio management.
Investors following Athene can expect news related to quarterly dividend declarations, block reinsurance agreements with other insurance carriers, debt issuances to fund growth and maintain capital ratios, and leadership appointments across the organization. The company regularly conducts fixed income investor calls to discuss its investment portfolio and capital management strategy. Major pension risk transfer transactions often generate material event disclosures given their size and strategic importance.
Understanding Athene's news requires familiarity with insurance industry terminology including statutory capital, risk-based capital ratios, annuity crediting rates, and reinsurance structures. The company's performance depends on interest rate spreads, credit market conditions, and the competitive environment for annuity sales and pension risk transfer opportunities. Track Athene news to stay informed about the company's growth initiatives, capital deployment decisions, and positioning within the evolving retirement services market.
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.
Athene Holding Ltd. (NYSE: ATH) declared preferred stock dividends for Q3 2021, payable on September 30, 2021. Holders of record as of September 15, 2021, will receive dividends for Series A, B, C, and D non-cumulative preference shares. Key dividends include $396.875 for Series A, $351.5625 for Series B, $398.4375 for Series C, and $304.6875 for Series D, corresponding to depositary shares of $0.396875, $0.3515625, $0.3984375, and $0.3046875 respectively.
Athene Holding Ltd. (NYSE: ATH) announced strong second-quarter 2021 financial results, showcasing a 32% year-over-year increase in adjusted book value per share. The CEO noted impressive asset management and strong organic growth, coupled with gains from an investment in Apollo. As the merger with Apollo approaches completion in January, management expresses confidence in the company's future. Athene has total assets of $215.5 billion as of June 30, 2021. For further details, visit their investor relations page.
Athene Holding Ltd. (ATH) announced the completion of a $4.9 billion pension risk transfer (PRT) transaction with Lockheed Martin (LMT). This deal, covering approximately 18,000 participants, marks Athene's largest PRT transaction to date. Athene's subsidiaries will manage the annuity benefits, providing income security to retirees. This transaction highlights Athene's strong position in the pension risk transfer market and reflects the growing trend among companies to mitigate pension liabilities. Since entering the market, Athene has completed over $19 billion in transactions.
Lockheed Martin Corporation (NYSE: LMT) has purchased group annuity contracts from Athene Holding Ltd. (NYSE: ATH) to transfer approximately $4.9 billion of pension obligations for around 18,000 retirees. The deal, expected to incur a non-cash settlement charge of roughly $1.7 billion in Q3 2021, does not change the retirees' benefits. The full-year 2021 earnings per share forecast has been updated to reflect this charge, indicating an expected range of $21.95 to $22.25 after tax. Lockheed Martin reaffirms its prior guidance on net sales and operating profit.
Athene Holding Ltd. (NYSE: ATH) has announced a definitive agreement to acquire Foundation Home Loans (FHL), a UK mortgage lender, from Fortress Investment Group affiliates. As of June 2021, FHL managed a £3 billion mortgage portfolio. This strategic move aims to enhance Athene's asset sourcing capabilities and provide attractive investment opportunities in residential mortgage loans. The acquisition is subject to regulatory approvals, including consent from the Financial Conduct Authority.
Athene Holding Ltd. (NYSE: ATH) will release its financial results for Q2 2021 on August 5, 2021, prior to market open. A conference call is scheduled for 10:00 a.m. ET on the same day to review the results. As of March 31, 2021, the company reported total assets of $205.7 billion. The financial supplement and earnings presentation will be accessible on the company's investor relations website.
For further inquiries, investors can contact Noah Gunn at +1 441 279 8534 or via email.
Athene Holding Ltd. (NYSE:ATH) announced on July 6, 2021, its agreement to acquire a 15% minority stake in Challenger Limited (ASX:CGF) for approximately A$720 million (about US$540 million). This acquisition, pending regulatory approval for 3%, will increase Athene's total interest in Challenger to 18%. Challenger, a leader in Australia's retirement market, manages A$104 billion in assets. Athene aims to leverage this partnership to support Challenger's growth and enhance its own presence in the Australian market.
