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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) reported strong financial results for Q4 2020 and the full year, achieving gross inflows of $56 billion, driven by a record 27% net organic growth. The CEO highlighted the resilience of Athene's business model during the pandemic, emphasizing the company’s focus on low-cost, persistent funding and alpha-generating investments. As of December 31, 2020, Athene's total assets reached $202.8 billion. The results are expected to enhance earnings power moving forward, with management noting significant growth opportunities ahead.
Athene Holding Ltd. (NYSE: ATH) will release its fourth quarter and full-year 2020 financial results on February 17, 2021, before the stock market opens. The financial details will be accessible on the company's website. A conference call is scheduled for the same day at 10:00 a.m. ET to discuss the results. Athene, with total assets of $191.1 billion as of September 30, 2020, specializes in providing financial security solutions to customers, operating primarily in the U.S., Bermuda, and Canada.
AM Best has assigned a Long-Term Issue Credit Rating of “bb+” to Athene Holding Ltd.'s $575 million, 4.875%, perpetual, non-cumulative preferred stock. The outlook is positive. Proceeds will support general corporate needs, including investment opportunities and growth. The proforma financial leverage and interest coverage metrics are at appropriate levels. Additionally, Athene's Long-Term Issuer Credit Rating of “bbb” and its existing ratings have been affirmed with positive outlooks, unchanged from May 2020.
Athene USA, a subsidiary of Athene Holding (NYSE: ATH), has been named one of the "2020 Best Places to Work in Money Management" by Pensions & Investments, ranking sixth among firms with over 1,000 employees. This recognition is Athene's first and highlights the company's commitment to employee satisfaction during challenging times. The evaluation included a workplace policy assessment and an employee survey, with the latter comprising 75% of the total score. As of September 30, 2020, Athene Holding reported total assets of $191.1 billion.
Athene Holding Ltd. (NYSE: ATH) will participate in the Goldman Sachs 2020 US Financial Services Virtual Conference on December 9, 2020, at 2 p.m. ET. Jim Belardi, CEO, will engage in an analyst-led fireside chat. A live webcast of the event will be available on Athene's website, with a replay accessible post-event. As of September 30, 2020, Athene reported total assets of $191.1 billion. The company specializes in retirement savings products, including annuities and reinsurance services.
Hertz Global Holdings has entered into a stock and asset purchase agreement to sell its wholly-owned subsidiary, Donlen Corporation, to Athene Holding Ltd. for approximately $825 million, with potential adjustments raising the total to at least $875 million. This move is part of Hertz's financial restructuring, following a $1.65 billion debtor-in-possession financing. Athene plans to invest around $1 billion upfront and support up to $2 billion for growth opportunities in Donlen, pending Bankruptcy Court approval.
Athene Holding Ltd. (NYSE: ATH) has announced preferred stock dividends payable on December 30, 2020. Holders of record as of December 15, 2020, will receive:
- $396.875 per share for Series A Preference Shares (6.35% Fixed-to-Floating Rate)
- $351.5625 per share for Series B Preference Shares (5.625% Fixed Rate)
- $398.4375 per share for Series C Preference Shares (6.375% Fixed Rate Reset)
Athene's total assets stood at $191.1 billion as of September 30, 2020, indicating its significant presence in retirement services.
Athene Holding Ltd. (NYSE: ATH) reported strong financial results for Q3 2020, with net income of $622 million, up from $276 million in Q3 2019. The company achieved record organic deposits of $7.4 billion, a 31% year-over-year increase. Adjusted operating income also rose to $302 million, driven by robust investment income. Book value per common share increased to $83.39, marking a 12% year-over-year growth. Despite low interest rates, Athene's capitalization remains strong, and the company expects compelling shareholder value growth in 2021 and beyond.
Athene Holding Ltd. (NYSE: ATH) will release its third quarter 2020 financial results on November 3, 2020, before the NYSE opens. The related news release, financial supplement, and earnings presentation will be accessible on the ir.athene.com website. Additionally, a conference call to discuss the results will take place on the same day at 10:00 a.m. ET, with live and archived webcasts available online.
AM Best has issued a Long-Term Issue Credit Rating of bbb for Athene Holding Ltd.'s recently issued $500 million senior unsecured notes, maturing January 15, 2031. The outlook is positive, reflecting stable proforma financial leverage and interest coverage metrics. Athene plans to use the proceeds for corporate purposes, including investment opportunities and growth. The existing ratings for Athene and its subsidiaries remain unchanged, with the last affirmation occurring on May 22, 2020.
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