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 assigned a Long-Term Issue Credit Rating (Long-Term IR) of “bbb+” to Athene Holding Ltd.'s recently issued $500 million 3.95% senior unsecured notes due May 25, 2051, with a stable outlook. The proceeds will support general corporate purposes, including investment opportunities and growth. Athene's existing ratings remain unchanged, reflecting stable proforma financial leverage and interest coverage metrics.
Athene Holding Ltd. (NYSE: ATH) reported robust financial results for Q1 2021, marking record profitability with $8.2 billion in gross organic inflows. This performance reflects a 16% annual increase in adjusted book value since its inception. The CEO highlighted the success of their alternative investment portfolio, which generated record income. Additionally, Athene is poised for future growth following a strategic merger announcement with Apollo Global Management in March 2021. The company holds total assets of $205.7 billion as of March 31, 2021.
Athene Holding Ltd. (NYSE: ATH) will release its financial results for Q1 2021 on May 7, 2021, before the NYSE opens. A conference call to discuss the results will take place the same day at 10:00 a.m. ET. Interested parties can access the news release and related materials on Athene's investor relations website. As of December 31, 2020, Athene reported total assets of $202.8 billion. The company has a commitment to provide financial security solutions for customers across multiple regions.
Athene Holding Ltd. (NYSE: ATH) has published its 2020 Corporate Social Responsibility (CSR) Report, highlighting its commitment to responsible business practices and stakeholder value. In 2020, the company donated over $2.5 million to various causes, contributed 3,000 hours through employee volunteering, and pledged $1.9 million to the Bermuda College Foundation. Athene formed a CSR Committee and established goals for Diversity, Equity, and Inclusion (DEI), aiming to improve workplace diversity and create a more inclusive culture.
Athene Holding Ltd. (NYSE: ATH) announced the successful completion of a significant pension risk transfer transaction involving JCPenney's pension plan, valued at $2.8 billion. This deal enables Athene's subsidiaries to provide annuity benefits for approximately 30,000 participants of JCPenney’s pension plan. The transaction, finalized in March 2021, aims to secure retirement benefits for participants amid JCPenney's restructuring efforts. Since entering the pension risk transfer market, Athene has facilitated over $18.5 billion in transactions for more than 300,000 annuitants.
Hertz Global Holdings announced the sale of its subsidiary, Donlen Corporation, to Athene Holding Ltd for $891 million. This strategic move aims to enhance Donlen’s growth and operational capabilities under Athene’s long-term investment. With over $200 billion in assets, Athene is positioned to support Donlen's expansion in fleet management services. Hertz's CEO emphasized this sale as a significant step in the company's financial restructuring, indicating progress in its operational initiatives.
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.
