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 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.
Athene Holding has declared preferred stock dividends for the third quarter of 2024, payable on September 30, 2024, to holders of record as of September 15, 2024. The dividends are for five series of non-cumulative preferred stock:
- Series A: $396.875 per share (6.35% Fixed-to-Floating Rate)
- Series B: $351.5625 per share (5.625% Fixed-Rate)
- Series C: $398.4375 per share (6.375% Fixed-Rate Reset)
- Series D: $304.6875 per share (4.875% Fixed-Rate)
- Series E: $484.375 per share (7.750% Fixed-Rate Reset)
Depositary shares for each series are listed on the NYSE under ticker symbols ATHPrA, ATHPrB, ATHPrC, ATHPrD, and ATHPrE respectively.
Athene Holding , a leading retirement services company and subsidiary of Apollo Global Management, announced a Fixed Income Investor conference call on August 8, 2024, at 10:00 AM ET. The call will feature senior management discussing current business trends, new business origination, investment portfolio, and capital.
Athene will provide an accompanying presentation and live webcast, which will be accessible via the Investor Relations section of their website at ir.athene.com. A webcast replay will also be available. Dial-in for the call is toll-free at 877-404-1236 (domestic) or +1 215-268-9888 (international).
John Hedlund, a mortgage industry veteran and operations leader, has joined FundingShield's advisory board. He brings extensive experience from AmeriHome Mortgage and Adanac Advisory Group, contributing to FundingShield's growth in areas like cyber security and fraud prevention. With a strong background in financial services and leadership roles at top institutions, John's addition to the board is expected to drive innovation and revenue growth for FundingShield.
