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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. (NYSE: ATH) announced a special general meeting for shareholders on December 21, 2021, at 9:00 a.m. ET to approve its merger with Apollo Global Management. The record date for participation is November 4, 2021. The merger is anticipated to close in January 2022, pending approvals from shareholders, regulatory authorities, and other customary conditions. Athene, with $224.4 billion in assets as of September 30, 2021, focuses on providing retirement services and financial security solutions.
Athene Holding Ltd. (NYSE: ATH) reported record financial results for Q3 2021, with nearly $12 billion in gross organic inflows, surpassing the total for all of 2020. This achievement contributed to an adjusted book value that has consistently grown at a compound rate of 17% annually since inception. CEO Jim Belardi highlighted the company's trajectory towards its best profit year, aided by a merger with Apollo Global Management scheduled for January. As of September 30, 2021, Athene's total assets stood at $224.4 billion.
Athene Holding Ltd. (NYSE: ATH) has announced its lead investment in the merger of Wheels, Inc. and Donlen, LLC, aiming to enhance mobility solutions for diverse fleet sizes. The newly formed entity will manage approximately $5 billion in assets and is expected to receive an investment-grade rating. Shlomo Crandus has been appointed CEO, with representatives from both companies on the management team. This merger is part of Athene's strategy to invest in firms with robust fundamentals, enabling enhanced capital deployment and best-in-class customer service.
Newfi, a technology-driven mortgage lender, has confirmed a definitive agreement to sell a majority interest to Athene from Warburg Pincus. The investment will be managed by Apollo. This deal aims to enhance Newfi's capabilities in the non-agency mortgage space and comes during a period of record earnings growth. Founder Steve Abreu will continue to lead the company, which boasts over $6 billion in originations. The transaction is expected to close in Q1 2022, pending regulatory approvals.
Athene Holding Ltd. (NYSE: ATH) will release its third quarter 2021 financial results on November 3, 2021, before market opening. The complete news release, financial supplement, and earnings presentation will be accessible on their website.
Management will hold a conference call at 10:00 a.m. ET on the same day to discuss the financials.
Athene Holding Ltd. (NYSE: ATH) declared preferred stock dividends for Q3 2021, payable on September 30, 2021. Holders of record as of September 15, 2021, will receive dividends for Series A, B, C, and D non-cumulative preference shares. Key dividends include $396.875 for Series A, $351.5625 for Series B, $398.4375 for Series C, and $304.6875 for Series D, corresponding to depositary shares of $0.396875, $0.3515625, $0.3984375, and $0.3046875 respectively.
Athene Holding Ltd. (NYSE: ATH) announced strong second-quarter 2021 financial results, showcasing a 32% year-over-year increase in adjusted book value per share. The CEO noted impressive asset management and strong organic growth, coupled with gains from an investment in Apollo. As the merger with Apollo approaches completion in January, management expresses confidence in the company's future. Athene has total assets of $215.5 billion as of June 30, 2021. For further details, visit their investor relations page.
Athene Holding Ltd. (ATH) announced the completion of a $4.9 billion pension risk transfer (PRT) transaction with Lockheed Martin (LMT). This deal, covering approximately 18,000 participants, marks Athene's largest PRT transaction to date. Athene's subsidiaries will manage the annuity benefits, providing income security to retirees. This transaction highlights Athene's strong position in the pension risk transfer market and reflects the growing trend among companies to mitigate pension liabilities. Since entering the market, Athene has completed over $19 billion in transactions.
Lockheed Martin Corporation (NYSE: LMT) has purchased group annuity contracts from Athene Holding Ltd. (NYSE: ATH) to transfer approximately $4.9 billion of pension obligations for around 18,000 retirees. The deal, expected to incur a non-cash settlement charge of roughly $1.7 billion in Q3 2021, does not change the retirees' benefits. The full-year 2021 earnings per share forecast has been updated to reflect this charge, indicating an expected range of $21.95 to $22.25 after tax. Lockheed Martin reaffirms its prior guidance on net sales and operating profit.
Athene Holding Ltd. (NYSE: ATH) has announced a definitive agreement to acquire Foundation Home Loans (FHL), a UK mortgage lender, from Fortress Investment Group affiliates. As of June 2021, FHL managed a £3 billion mortgage portfolio. This strategic move aims to enhance Athene's asset sourcing capabilities and provide attractive investment opportunities in residential mortgage loans. The acquisition is subject to regulatory approvals, including consent from the Financial Conduct Authority.
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