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IPO: Athene Holding (ATH), a retirement services company (2009)

Athene Holding Ltd. (NYSE:ATH) was founded in 2009. It is a Bermuda-registered company headquartered in Bermuda HM08, with 1,360 full-time employees (9/30/2016), and is a leading retirement services company.

Athene Holding

Athene Holding (ATH):

Athene Holding Ltd. is a leading retirement services company, issuing, reinsurance and obtaining retirement savings products, aiming to help more and more individuals and institutions seek to fund their retirement needs. Athena’s operating subsidiaries issue and reinsurance these retirement savings products, including fixed annuities and financing agreements. Mr. James Belardi, CEO of Athene Holding, is the former chairman of SunAmerica Life Insurance Company, and Chip Gillis, CEO of the company’s subsidiary Athene Life Re, is a former executive of Bear Stearns’ Insurance Solutions Group.

The main business of the operating subsidiaries of Athena Holdings is to issue, reinsurance and purchase retirement savings products and similar liabilities through its four distribution channels:

  • Retail-The company provides retirement solutions for its policyholders through approximately 60 independent marketing organizations (“IMO”). The company’s retail channels had annual sales of US$3.8 billion and US$1.9 billion as of September 30, 2016 and September 30, 2015, respectively; as of 2015, 2014 and December 31, 2013, annual sales The amounts were 2.5 billion US dollars, 2.5 billion US dollars and 1.3 billion US dollars. As of the twelve months before September 30, 2016, Athene’s fixed annuity sales were $4.4 billion.
  • Reinsurance
  • Institutional Products (Institutional Products)-focus on selling funding agreements. In the institutional product channel, in October 2015, Athene sold a $250 million financing agreement in the first transaction of its FABN program. So far, Athene has not completed a pension risk transfer transaction, although the company is developing the ability to undertake such transactions.
  • Mergers & Acquisitions (Mergers & Acquisitions)

Athene Holding (ATH) investment:

Athene Holding Ltd. (NYSE:ATH) listed on the New York Stock Exchange on December 9, 2016. The issue price was US$40, 27 million shares were issued, and 1.08 billion US dollars were raised. The stock code is ATH.

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