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.
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.
Athene Holding Ltd. (NYSE: ATH) will release its financial results for Q2 2021 on August 5, 2021, prior to market open. A conference call is scheduled for 10:00 a.m. ET on the same day to review the results. As of March 31, 2021, the company reported total assets of $205.7 billion. The financial supplement and earnings presentation will be accessible on the company's investor relations website.
For further inquiries, investors can contact Noah Gunn at +1 441 279 8534 or via email.
Athene Holding Ltd. (NYSE:ATH) announced on July 6, 2021, its agreement to acquire a 15% minority stake in Challenger Limited (ASX:CGF) for approximately A$720 million (about US$540 million). This acquisition, pending regulatory approval for 3%, will increase Athene's total interest in Challenger to 18%. Challenger, a leader in Australia's retirement market, manages A$104 billion in assets. Athene aims to leverage this partnership to support Challenger's growth and enhance its own presence in the Australian market.
Athene Holding Ltd. (NYSE: ATH) announced that CEO James Belardi will participate in a panel discussion titled "Executive Perspectives: Views from Life Insurance CEOs" at the S&P Global Ratings' 37th Annual Insurance Conference on June 9, 2021, at 11 a.m. ET. The event will be held online, and registration is complimentary for attendees. Athene, with total assets of $205.7 billion as of March 31, 2021, operates in the U.S., Bermuda, and Canada, providing retirement services to help customers achieve financial security.
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.
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