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.
Company Overview
Athene Hldg is a prominent player in the retirement services sector, dedicated to providing robust retirement income solutions and savings products designed to secure the financial futures of individuals. Operating across multiple key regions including the United States, Bermuda, Canada, and Japan, Athene leverages a diverse portfolio of products to serve both individual policyholders and corporate clients seeking reliable retirement solution strategies.
Core Business Model and Strategic Operations
At its core, Athene Hldg focuses on generating value through a well-diversified range of financial products that revolve around retirement income and savings. The company constructs its business model by:
- Retirement Income Solutions: Offering a range of investment-grade products designed to provide a predictable stream of retirement income.
- Savings Products: Developing products aimed at helping individuals enhance their long-term financial health through disciplined savings strategies.
- Corporate Solutions: Acting as a strategic partner to corporations, Athene provides tailored solutions that address group retirement benefits and employee savings plans.
The company’s revenue is generated through its diverse product offerings that are structured to meet the demands of varying client segments. By balancing risk with robust asset management practices, Athene has built a framework that aligns with the long-term needs of those planning for retirement, without over-reliance on volatile market conditions.
Market Position and Industry Relevance
Athene Hldg is positioned at the convergence of traditional financial services and modern retirement planning, operating in a space where regulatory diligence, product innovation, and customer trust are paramount. Its focus on sustainable financial security for retirees has allowed it to carve out a niche that is both resilient and responsive to demographic shifts. By continually refining its product suite and operational protocols, the company maintains a proactive stance in navigating industry challenges and addressing evolving market needs.
Expertise, Experience, and Organizational Strength
The appointment of seasoned finance professionals, such as the CFO with extensive international experience, underscores Athene's commitment to operational excellence and strategic growth. This emphasis on expert leadership reflects in the company’s robust risk management frameworks and its capacity to integrate multifaceted financial insights across business segments. Such strategic leadership ensures that Athene stays ahead in terms of financial governance and product innovation, reinforcing its authoritative position in the industry.
Competitive Landscape and Differentiators
While operating within a competitive market that includes several established financial institutions, Athene Hldg differentiates itself by maintaining a clear focus on retirement-specific products and services. The company’s comprehensive approach, blending traditional retirement income solutions with innovative savings options, offers a unique value proposition to both individual investors and corporate clients. Its consistency in delivering reliable and understandable financial products, underpinned by experienced management, builds confidence among its clientele and investors alike.
Operational Excellence and Governance
Athene places great emphasis on streamlined operations and strong corporate governance. This is evident from the methodical approach in product valuation, risk assessment, and cross-functional collaboration. The organizational structure is designed to support rigorous financial oversight, ensuring that all offerings are aligned with stringent regulatory standards and evolving market dynamics. This operational discipline not only enhances the company’s internal efficiency but also solidifies its reputation as an authoritative entity in retirement services and financial management.
Commitment to Financial Security and Client Empowerment
At the heart of Athene Hldg’s philosophy lies a commitment to empowering individuals to plan and secure their financial futures. By offering products that are designed to withstand market fluctuations while providing predictable income streams, Athene plays a crucial role in enhancing overall financial stability for its clients. This approach resonates deeply with a broad spectrum of customers—ranging from individual investors to corporations—necessitating substantial expertise in managing long-term economic risk and reward.
Summary
In summary, Athene Hldg stands out as a comprehensive retirement services provider with a clear strategic focus on financial security through diversified income and savings products. Its cross-regional operations, combined with a strong emphasis on risk management and financial governance, make it a notable presence in the financial services industry. By presenting a detailed and transparent view of its business operations, Athene continues to build trust and authority, providing valuable insights for investors and stakeholders seeking a deeper understanding of the company’s market role and operational strategies.
Apollo (NYSE:APO), Athene, and Motive Partners have announced the acquisition of ARS, a guaranteed lifetime income solutions provider for the defined contribution market. The investment involves purchasing all outstanding ARS shares through a new entity owned by Athene and Motive Partners-advised funds.
ARS's flagship technology, Lifetime Income Builder, enables guaranteed lifetime income to be integrated into defined contribution systems and target date fund products. This technology is currently powering the State Street GTC Retirement Income Builder Series, available across multiple recordkeeping platforms.
The acquisition addresses a growing market need, with over 11,000 Americans turning 65 daily and a projected 40% increase in the 65+ population by 2050. ARS will maintain independent operations while scaling its multi-carrier offerings across the defined contribution ecosystem.
Athene has achieved the top position in LIMRA's 2024 U.S. Retail Annuity Survey with $36 billion in sales, marking its second consecutive year as the industry leader. The company dominated multiple categories, including total fixed market sales ($35B), fixed-rate deferred sales ($21B), fixed indexed annuity sales ($13B), and bank channel sales ($20B).
Financial institutions contributed approximately 80% of Athene's 2024 retail volume. The company has established new business relationships with five large-scale financial institutions over the past two years, with additional partnerships planned for the current year.
Athene (ATH), a leading retirement services company and subsidiary of Apollo Global Management (NYSE:APO), has appointed Louis-Jacques (LJ) Tanguy as Executive Vice President and Chief Financial Officer, effective March 1, 2025.
Tanguy, who has served as Apollo's Chief Accounting Officer since early 2022, brings over 25 years of accounting and financial experience. His previous roles include 13 years as Managing Director at Deutsche Bank in London and New York, Head of Asia Pacific Product Valuation Group at Merrill Lynch Japan Securities in Tokyo, and various positions at Société Générale in Paris and Asia.
Tanguy holds a Ph.D. in Business Management, a Master's in Finance, and a Bachelor's in Economics from the University of Aix-Marseille. The appointment aims to support Athene's continued growth and innovation in retirement services.
Athene Holding has declared quarterly preferred stock dividends for its five series of non-cumulative preferred stock, payable on March 31, 2025 to holders of record as of March 15, 2025. The dividends per share are:
- Series A (ATHPrA): $396.875 ($0.396875 per depositary share) at 6.35% Fixed-to-Floating Rate
- Series B (ATHPrB): $351.5625 ($0.3515625 per depositary share) at 5.625% Fixed Rate
- Series C (ATHPrC): $398.4375 ($0.3984375 per depositary share) at 6.375% Fixed-Rate Reset
- Series D (ATHPrD): $304.6875 ($0.3046875 per depositary share) at 4.875% Fixed Rate
- Series E (ATHPrE): $484.375 ($0.484375 per depositary share) at 7.750% Fixed-Rate Reset
All series are listed on the NYSE under their respective ticker symbols.
Apollo (NYSE: APO) and Athene Holding announced that former U.S. Senator Joseph Manchin III has been appointed as an adviser to Apollo and to Athene's Board of Directors, effective February 3, 2025. Manchin will provide advisory services on various matters, particularly focusing on energy markets, leveraging Apollo's role in the global industrial renaissance.
Manchin served as U.S. Senator for West Virginia (2010-2025), chairing the Senate Energy and Natural Resources Committee and serving on multiple other committees. His prior roles included Governor of West Virginia (2005-2010) and West Virginia Secretary of State (2001-2005).
Apollo CEO Marc Rowan emphasized Manchin's expertise will benefit Apollo's capital deployment strategies, while Athene CEO Jim Belardi highlighted Manchin's value in addressing next-generation retirement product needs. Manchin expressed enthusiasm about contributing to both organizations' missions in retirement services and energy transition.
Athene Holding, a prominent retirement services company and subsidiary of Apollo Global Management (NYSE:APO), has announced a Fixed Income Investor call scheduled for Thursday, February 13, 2025, at 9:00AM ET.
The call will feature presentations from Athene's senior management team, covering key areas including:
- Current business trends
- New business origination
- Investment portfolio updates
- Capital management
Investors can access the presentation and live webcast through Athene's Investor Relations website at ir.athene.com. The call is accessible via toll-free dial-in at 877-404-1236 (domestic) or +1 215-268-9888 (international). A webcast replay will also be made available on the company's website.
Athene Holding has declared quarterly preferred stock dividends for its five series of non-cumulative preferred stock, payable on December 30, 2024 to holders of record as of December 15, 2024. The dividends per depositary share are: Series A (ATHPrA) at $0.396875 (6.35% Fixed-to-Floating Rate), Series B (ATHPrB) at $0.3515625 (5.625% Fixed-Rate), Series C (ATHPrC) at $0.3984375 (6.375% Fixed-Rate Reset), Series D (ATHPrD) at $0.3046875 (4.875% Fixed-Rate), and Series E (ATHPrE) at $0.484375 (7.750% Fixed-Rate Reset).
Athene Holding announced that Executive Vice President and Chief Financial Officer Martin Klein will retire after serving in the role since 2015. Klein will remain in his position until a successor is appointed, after which he will transition to a Senior Advisor role. The company will initiate a search for a new CFO. CEO Jim Belardi acknowledged Klein's strong financial leadership and contributions during his nearly ten-year tenure. Klein, who has over 30 years of experience in insurance and financial services, expressed his commitment to ensuring a smooth transition.
Athene Holding , a retirement services company and subsidiary of Apollo Global Management (NYSE:APO), has announced a Fixed Income Investor conference call scheduled for Thursday, November 14, 2024, at 10:00AM ET.
The call will feature Athene's senior management team discussing business trends, new business origination, investment portfolio, and capital. Investors can access the presentation, live webcast, and replay through Athene's Investor Relations website at ir.athene.com. The conference call can be joined via toll-free dial-in at 877-404-1236 (domestic) or +1 215-268-9888 (international).
Athene Holding has announced the pricing of $600 million in 6.625% fixed-rate reset junior subordinated debentures due 2054. The offering is expected to close on October 10, 2024, subject to customary conditions. Athene plans to use the net proceeds for general corporate purposes, which may include the future redemption or repurchase of its $600 million 6.375% Fixed-Rate Reset Perpetual Non-Cumulative Series C Preferred Stock.
The debentures are being offered through a shelf registration statement filed with the SEC. Wells Fargo Securities, BofA Securities, Goldman Sachs & Co. , and Morgan Stanley are acting as joint book-running managers, with several other firms serving as co-managers for the offering.
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