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Apollo Global Management (NYSE: ATH) is a renowned global investment manager with assets under management (AUM) totaling approximately $455 billion as of December 31, 2020. The company operates across three primary business segments: credit, private equity, and real assets funds. Apollo is dedicated to providing a wide range of investment solutions to its clients, leveraging its extensive industry experience and global reach.
Apollo's credit segment is one of the largest in the world, focusing on both performing and distressed debt. This segment aims to deliver compelling risk-adjusted returns through a variety of strategies. In the private equity space, Apollo is known for its value-oriented investment approach, targeting opportunities where it can drive operational and strategic improvements. The real assets segment includes investments in infrastructure, natural resources, and real estate, providing diversified exposure to physical and tangible assets.
Athene Holding Ltd., a subsidiary of Apollo, is a leading retirement services company with $300 billion of total assets as of December 31, 2023. Athene offers a comprehensive suite of retirement income and savings products to individuals and acts as a solutions provider for corporations. The company operates in key markets including the United States, Bermuda, Canada, and Japan.
Depositary shares for Athene's Series A, B, C, D, and E Preferred Stock are listed on the New York Stock Exchange under the ticker symbols “ATHPrA,” “ATHPrB,” “ATHPrC,” “ATHPrD,” and “ATHPrE,” respectively. These shares provide investors with stable dividend income and are part of Athene's capital structure to support its growth and financial stability.
Apollo continues to expand its global footprint and enhance its product offerings through strategic partnerships and acquisitions. The company is committed to maintaining a strong financial condition, ensuring sustainable growth, and delivering value to both its clients and shareholders.
For more information, please visit www.apollo.com or contact Jeanne Hess, VP of External Relations, at +1 646 768 7319 or via email at jeanne.hess@apollo.com.
Athene Holding Ltd. has declared dividends for its preferred stock, to be paid on September 30, 2022. The dividends include $396.875 per share for Series A, $351.5625 for Series B, $398.4375 for Series C, and $304.6875 for Series D. Holders of depositary shares will receive proportionate amounts. All payments are for the quarter ending in September 2022, with record dates set for September 15, 2022. Athene, a financial services leader, manages total assets of $234.3 billion.
Lockheed Martin (NYSE: LMT) announced the purchase of group annuity contracts from Athene Holding Ltd. (NYSE: ATH), transferring approximately $4.3 billion of pension obligations for 13,600 U.S. retirees. The transaction will not require additional funding and will have no impact on the benefits received by retirees. However, a $1.5 billion non-cash settlement charge is expected in Q2 2022, resulting from accelerated recognition of actuarial losses. The company will revise its financial outlook during its upcoming earnings release.
LeasePlan Corporation has announced a strategic acquisition agreement with Wheels Donlen's parent company, supported by Athene. This deal aims to unify LeasePlan USA with Wheels Donlen to enhance fleet management solutions. With a combined asset base of $246 billion from Athene, the merger is set to strengthen market position and investment capacity, particularly in electric vehicles and digital technologies. The transaction is expected to close by the end of 2022, contingent upon regulatory approvals, ensuring continuity and global service delivery to clients.
Athene Holding Ltd. announced preferred stock dividends for its non-cumulative preference shares, payable on June 30, 2022, to holders of record as of June 15, 2022. The quarterly dividends are as follows: $396.875 per share for Series A, $351.5625 for Series B, $398.4375 for Series C, and $304.6875 for Series D. These amounts correspond to $0.396875, $0.3515625, $0.3984375, and $0.3046875 per depositary share, respectively. Athene specializes in retirement services and reported total assets of $246.1 billion as of March 31, 2022.
Athene Holding Ltd. announced the appointment of Rebecca H. Tadikonda as Executive Vice President, Strategy and Innovation, effective May 18, 2022. This newly created role aims to enhance the company's growth through strategic initiatives. CEO Grant Kvalheim expressed excitement about her extensive experience in driving strategic growth, having previously worked at MetLife and Bain & Company. Athene, with total assets of $246.1 billion as of March 31, 2022, is expanding its commitment to innovation in the retirement services market.
Athene Holding Ltd. has declared dividends on its non-cumulative preference shares, payable on March 30, 2022, to holders of record as of March 15, 2022. The dividends are as follows: $396.875 per share for Series A; $351.5625 for Series B; $398.4375 for Series C; and $304.6875 for Series D. This reflects the company’s commitment to providing returns to its shareholders. Athene operates with total assets of $235.1 billion as of December 31, 2021, focusing on financial security for customers.
Athene Holding Ltd. reported strong financial results for Q4 and the full year 2021, with inflows surpassing $9 billion in the fourth quarter and a record $37 billion for the year, reflecting a 34% increase from 2020. Full-year adjusted operating earnings reached $2.3 billion, a 124% year-over-year increase. The adjusted book value rose to $73.84 per share, up 30% from last year. Following the merger with Apollo on January 1, 2022, Athene is poised for continued growth and success in the retirement services sector.
Alcoa Corporation (NYSE: AA) announced the acquisition of additional group annuity contracts, enhancing its balance sheet and mitigating pension plan volatility. The new contracts will facilitate the transfer of approximately
AM Best has assigned a Long-Term Issue Credit Rating of bbb+ to Athene Holding Ltd.'s $500 million, 3.45% senior unsecured notes, due May 15, 2052. The outlook for this rating is stable, with all other ratings for Athene remaining unchanged. The funds will support general corporate needs, including growth opportunities, and are indicative of improved capital levels along with stable financial leverage and interest coverage metrics.
Alcoa Corporation (NYSE: AA) announced the purchase of group annuity contracts to transfer approximately $1 billion of pension obligations for certain U.S. retirees. This transfer, expected to complete soon, aims to strengthen Alcoa's balance sheet and mitigate pension plan obligation volatility. Athene Holding, Ltd. (NYSE: ATH) will manage payments for 11,200 participants, with no changes to benefits. However, a non-cash settlement charge of approximately $565 million (or $2.96 per share) will impact the 2021 fourth quarter earnings. Post-transfer, U.S. pension plans will be over 95% funded.
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