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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) 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.
Athene Holding Ltd. (NYSE: ATH) reported robust financial results for Q1 2021, marking record profitability with $8.2 billion in gross organic inflows. This performance reflects a 16% annual increase in adjusted book value since its inception. The CEO highlighted the success of their alternative investment portfolio, which generated record income. Additionally, Athene is poised for future growth following a strategic merger announcement with Apollo Global Management in March 2021. The company holds total assets of $205.7 billion as of March 31, 2021.
Athene Holding Ltd. (NYSE: ATH) will release its financial results for Q1 2021 on May 7, 2021, before the NYSE opens. A conference call to discuss the results will take place the same day at 10:00 a.m. ET. Interested parties can access the news release and related materials on Athene's investor relations website. As of December 31, 2020, Athene reported total assets of $202.8 billion. The company has a commitment to provide financial security solutions for customers across multiple regions.
Athene Holding Ltd. (NYSE: ATH) has published its 2020 Corporate Social Responsibility (CSR) Report, highlighting its commitment to responsible business practices and stakeholder value. In 2020, the company donated over $2.5 million to various causes, contributed 3,000 hours through employee volunteering, and pledged $1.9 million to the Bermuda College Foundation. Athene formed a CSR Committee and established goals for Diversity, Equity, and Inclusion (DEI), aiming to improve workplace diversity and create a more inclusive culture.
Athene Holding Ltd. (NYSE: ATH) announced the successful completion of a significant pension risk transfer transaction involving JCPenney's pension plan, valued at $2.8 billion. This deal enables Athene's subsidiaries to provide annuity benefits for approximately 30,000 participants of JCPenney’s pension plan. The transaction, finalized in March 2021, aims to secure retirement benefits for participants amid JCPenney's restructuring efforts. Since entering the pension risk transfer market, Athene has facilitated over $18.5 billion in transactions for more than 300,000 annuitants.
Hertz Global Holdings announced the sale of its subsidiary, Donlen Corporation, to Athene Holding Ltd for $891 million. This strategic move aims to enhance Donlen’s growth and operational capabilities under Athene’s long-term investment. With over $200 billion in assets, Athene is positioned to support Donlen's expansion in fleet management services. Hertz's CEO emphasized this sale as a significant step in the company's financial restructuring, indicating progress in its operational initiatives.
AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) of Athene Holding Ltd. (NYSE: ATH) from 'bbb' to 'bbb+'. The Long-Term Financial Strength Rating (FSR) remains at A (Excellent), with stable outlooks for both ratings. Athene's strong balance sheet, operating performance, and appropriate risk management led to this upgrade. Its risk-adjusted capitalization is deemed strongest, despite increased financial leverage from recent issuances. The company is also expanding its business profile through new distribution channels and strategic partnerships, enhancing earnings prospects.
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