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.
AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) of Athene Holding Ltd. (NYSE: ATH) from 'bbb' to 'bbb+'. The Long-Term Financial Strength Rating (FSR) remains at A (Excellent), with stable outlooks for both ratings. Athene's strong balance sheet, operating performance, and appropriate risk management led to this upgrade. Its risk-adjusted capitalization is deemed strongest, despite increased financial leverage from recent issuances. The company is also expanding its business profile through new distribution channels and strategic partnerships, enhancing earnings prospects.
Athene Holding Ltd. (NYSE: ATH) reported strong financial results for Q4 2020 and the full year, achieving gross inflows of $56 billion, driven by a record 27% net organic growth. The CEO highlighted the resilience of Athene's business model during the pandemic, emphasizing the company’s focus on low-cost, persistent funding and alpha-generating investments. As of December 31, 2020, Athene's total assets reached $202.8 billion. The results are expected to enhance earnings power moving forward, with management noting significant growth opportunities ahead.
Athene Holding Ltd. (NYSE: ATH) will release its fourth quarter and full-year 2020 financial results on February 17, 2021, before the stock market opens. The financial details will be accessible on the company's website. A conference call is scheduled for the same day at 10:00 a.m. ET to discuss the results. Athene, with total assets of $191.1 billion as of September 30, 2020, specializes in providing financial security solutions to customers, operating primarily in the U.S., Bermuda, and Canada.
AM Best has assigned a Long-Term Issue Credit Rating of “bb+” to Athene Holding Ltd.'s $575 million, 4.875%, perpetual, non-cumulative preferred stock. The outlook is positive. Proceeds will support general corporate needs, including investment opportunities and growth. The proforma financial leverage and interest coverage metrics are at appropriate levels. Additionally, Athene's Long-Term Issuer Credit Rating of “bbb” and its existing ratings have been affirmed with positive outlooks, unchanged from May 2020.
Athene USA, a subsidiary of Athene Holding (NYSE: ATH), has been named one of the "2020 Best Places to Work in Money Management" by Pensions & Investments, ranking sixth among firms with over 1,000 employees. This recognition is Athene's first and highlights the company's commitment to employee satisfaction during challenging times. The evaluation included a workplace policy assessment and an employee survey, with the latter comprising 75% of the total score. As of September 30, 2020, Athene Holding reported total assets of $191.1 billion.
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.
