Company Quick10K Filing
Athene Holding
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 -0 $-0
10-Q 2019-11-05 Quarter: 2019-09-30
10-Q 2019-08-05 Quarter: 2019-06-30
10-Q 2019-05-07 Quarter: 2019-03-31
10-K 2019-02-27 Annual: 2018-12-31
10-Q 2018-11-01 Quarter: 2018-09-30
10-Q 2018-08-03 Quarter: 2018-06-30
10-Q 2018-05-04 Quarter: 2018-03-31
10-K 2018-02-26 Annual: 2017-12-31
10-Q 2017-11-07 Quarter: 2017-09-30
10-Q 2017-08-10 Quarter: 2017-06-30
10-Q 2017-05-11 Quarter: 2017-03-31
10-K 2017-03-16 Annual: 2016-12-31
8-K 2020-02-12 Shareholder Vote
8-K 2019-12-03 Enter Agreement, Leave Agreement, Exhibits
8-K 2019-11-05 Earnings
8-K 2019-10-27 Enter Agreement, Sale of Shares, Regulation FD, Exhibits
8-K 2019-10-01 Enter Agreement
8-K 2019-09-16 Shareholder Rights, Amend Bylaw, Shareholder Rights, Other Events, Exhibits
8-K 2019-09-11 Enter Agreement
8-K 2019-08-05 Earnings
8-K 2019-06-05 Other Events
8-K 2019-06-05 Shareholder Rights, Amend Bylaw, Shareholder Rights, Other Events, Exhibits
8-K 2019-06-04 Enter Agreement, Officers, Amend Bylaw, Shareholder Vote, Exhibits
8-K 2019-05-07 Earnings
8-K 2019-02-25 Earnings
8-K 2018-12-05 Officers
8-K 2018-12-05 Other Events
8-K 2018-10-31 Earnings
8-K 2018-09-20 Regulation FD, Other Events, Exhibits
8-K 2018-08-02 Earnings
8-K 2018-07-31 Officers
8-K 2018-06-28 Other Events, Exhibits
8-K 2018-06-19 Officers
8-K 2018-06-13 Other Events, Exhibits
8-K 2018-06-06 Amend Bylaw, Shareholder Vote, Exhibits
8-K 2018-06-01 Enter Agreement
8-K 2018-05-03 Earnings
8-K 2018-03-06 Other Events, Exhibits
8-K 2018-03-02 Officers
8-K 2018-02-21 Earnings
8-K 2018-01-09 Off-BS Arrangement, Other Events, Exhibits
8-K 2018-01-02 Enter Agreement, Other Events, Exhibits

Athene Holding Financials

ATH Metrics, Comps, Filings

Annual | Quarterly

Business

Copy History Overview8Growth Strategy9Products11Distribution Channels14Investment Management16Outsourcing17Hedging and Derivatives18Financial Strength Ratings18Competition19Employees20Regulation20Available Information36

We are a leading retirement services company that issues, reinsures and acquires retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. We generate attractive financial results for our policyholders and shareholders by combining our two core competencies of (1) sourcing long-term, generally illiquid liabilities and (2) investing in a high-quality investment portfolio, which takes advantage of the illiquid nature of our liabilities. Our steady and significant base of earnings generates capital that we opportunistically invest across our business to source attractively-priced liabilities and capitalize on opportunities. Our differentiated investment strategy benefits from our strategic relationship with Apollo Global Management, LLC (AGM, and together with its subsidiaries, Apollo) and its indirect subsidiary, AAM. AAM provides a full suite of services for our investment portfolio, including direct investment management, asset allocation, mergers and acquisition asset diligence and certain operational support services, including investment compliance, tax, legal and risk management support. Our relationship with Apollo and AAM also provides us with access to Apollo's investment professionals around the world as well as Apollo's global asset management infrastructure across a broad array of asset classes. We are led by a highly skilled management team with extensive industry experience. We are based in Bermuda with our U.S. subsidiaries' headquarters located in Iowa.

We began operating in 2009 when the burdens of the financial crisis and resulting capital demands caused many companies to exit the retirement market, creating the need for a well-capitalized company with an experienced management team to fill the void. Taking advantage of this market dislocation, we have been able to acquire substantial blocks of long-duration liabilities and reinvest the related investments to produce profitable returns.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
American Equity Investment Life Holding (AEL) 2,525 0% 4.1 0% 66,371 62,874 2,450 0 212 320 1,309
Genworth Financial (GNW) 1,908 0% 4.6 0% 104,306 88,714 8,516 0 331 867 4,014
FGL (FG) 1,781 0% 4.2 0% 35,098 32,838 1,328 0 158 238 1,009
FBL Financial Group (FFG) 1,506 0% 12.5 1% 10,260 8,862 759 0 107 127 1,590
Primus Guaranty (PRS) 909 -0% -8.6 -20% 586 641 -110 0 -119 -115 994
Independence Holding (IHC) 570 0% 13.8 3% 1,071 601 367 0 31 40 552
GWG Holdings (GWGH) 214 0% -4.0 -9% 1,541 1,308 19 0 -146 -34 138
Atlantic American (AAME) 57 0% 12.4 0% 372 259 194 0 1 4 46
Federal Life Group (FLF) 45 0% -111.3 -0% 287 230 5 0 -0 -0 16
National Security Group (NSEC) 27 0% 20.4 0% 152 101 67 0 0 2 34
Prudential Financial (PJH)
Globe Life (GL)
Aegon NV (AEB)
Sun Life Financial (SLF)
Manulife Financial Corp (MFC)
China Life Insurance (LFC) 0% 3,254,403 2,931,113 0 0 0 0 -50,792
Aegon (AEG) 0% 392,633 370,065 0 0 0 0 -3,725
Citizens (CIA) 0% -6.5 -1% 1,702 1,466 246 0 -25 5 -35
Athene Holding (ATH) 0% -2.6 1% 138,980 126,615 12,072 0 1,964 2,023 -5,239
National Western Life Group (NWLI) 0% -0.9 1% 12,613 10,558 679 0 136 165 -141

Balance Sheet ($MM)2016-12-312017-12-312018-12-31
Cash574,892492
Accounts Receivable
Inventory
PP&E
Assets6,94199,747125,505
Accounts Payable
Long-Term Debt
Liabilities3690,539117,229
Stockholders' Equity6,9059,208
Income Statement ($MM)2016-12-312017-12-312018-12-31
Revenue148,7276,543
Cost of Revenue
Gross Profit
R&D
SG&A
Tax-3187122
Net Income8051,4481,053
Cash Flow ($MM)2016-12-312017-12-312018-12-31
Cash Operating-453,1702,874
Cash Investing-12-5,817-8,173
Cash Financing-145,0483,707