Athene Holding
Market Cap
US$8.1b
Last Updated
2019/12/15 01:15 UTC
Data Sources
Company Financials +
Executive Summary
Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States and Bermuda.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -13.6% per year for the next 3 years
Snowflake Analysis
Undervalued with acceptable track record.
Similar Companies
Share Price & News
How has Athene Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ATH has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.2%
ATH
0.8%
US Insurance
0.7%
US Market
1 Year Return
12.5%
ATH
24.1%
US Insurance
21.1%
US Market
Return vs Industry: ATH underperformed the US Insurance industry which returned 24.1% over the past year.
Return vs Market: ATH underperformed the US Market which returned 21.1% over the past year.
Shareholder returns
| ATH | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.2% | 0.8% | 0.7% |
| 30 Day | 3.3% | 1.0% | 2.3% |
| 90 Day | 5.8% | 1.0% | 5.0% |
| 1 Year | 12.5%12.5% | 27.1%24.1% | 23.7%21.1% |
| 3 Year | -2.6%-2.6% | 33.9%23.6% | 47.0%37.4% |
| 5 Year | n/a | 64.3%44.6% | 65.7%47.5% |
Price Volatility Vs. Market
How volatile is Athene Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Does Athene Holding (NYSE:ATH) Deserve A Spot On Your Watchlist?1 month ago | Simply Wall St
What Is Athene Holding Ltd.'s (NYSE:ATH) Share Price Doing?3 months ago | Simply Wall St
Should You Ramp Up Holdings In Athene Holding Ltd. (NYSE:ATH)?Valuation
Is Athene Holding undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ATH ($45.32) is trading below our estimate of fair value ($148.28)
Significantly Below Fair Value: ATH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ATH is good value based on its PE Ratio (5.4x) compared to the Insurance industry average (16.6x).
PE vs Market: ATH is good value based on its PE Ratio (5.4x) compared to the US market (18.6x).
Price to Earnings Growth Ratio
PEG Ratio: ATH's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: ATH is good value based on its PB Ratio (0.6x) compared to the US Insurance industry average (1.2x).
Next Steps
Future Growth
How is Athene Holding forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
-13.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ATH's earnings are forecast to decline over the next 3 years (-13.6% per year).
Earnings vs Market: ATH's earnings are forecast to decline over the next 3 years (-13.6% per year).
High Growth Earnings: ATH's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ATH's revenue is expected to decline over the next 3 years (-2.6% per year).
High Growth Revenue: ATH's revenue is forecast to decline over the next 3 years (-2.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ATH's Return on Equity is forecast to be low in 3 years time (11.5%).
Next Steps
Past Performance
How has Athene Holding performed over the past 5 years?
26.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ATH has high quality earnings.
Growing Profit Margin: ATH's current net profit margins (11.4%) are lower than last year (16.5%).
Past Earnings Growth Analysis
Earnings Trend: ATH's earnings have grown significantly by 26.9% per year over the past 5 years.
Accelerating Growth: ATH's earnings growth over the past year (4.5%) is below its 5-year average (26.9% per year).
Earnings vs Industry: ATH earnings growth over the past year (4.5%) exceeded the Insurance industry -10.4%.
Return on Equity
High ROE: ATH's Return on Equity (11.9%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Athene Holding's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: ATH has a low level of unsold assets or inventory.
Debt Coverage by Assets: ATH's debt is covered by short term assets (assets are 45.3x debt).
Financial Institutions Analysis
Asset Level: ATH's level of assets compared to its equity is moderate.
Allowance for Bad Loans: Insufficient data to determine if ATH has a sufficient allowance for bad loans.
Low Risk Liabilities: ATH reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if ATH has an acceptable proportion of non-loan assets held.
Low Risk Deposits: ATH has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if ATH has an appropriate level of bad loans.
Next Steps
Dividend
What is Athene Holding's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate ATH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate ATH's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ATH's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ATH's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ATH's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
What is the CEO of Athene Holding's salary, the management and board of directors tenure and is there insider trading?
3.7yrs
Average management tenure
CEO
Jim Belardi (62yo)
10.6yrs
Tenure
US$4,275,309
Compensation
Mr. James Richard Belardi, also known as Jim, Co-Founded Athene Holding Ltd. (“AHL”) in 2008 and has been its Chief Executive Officer, Chief Investment Officer, and Chairman since May 2009. Mr. Belardi is ...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD4.28M) is below average for companies of similar size in the US market ($USD6.64M).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.7yrs
Average Tenure
57yo
Average Age
Experienced Management: ATH's management team is considered experienced (3.7 years average tenure).
Board Age and Tenure
9.4yrs
Average Tenure
56yo
Average Age
Experienced Board: ATH's board of directors are considered experienced (9.4 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Grant Kvalheim (62yo)
Executive VP of Athene and CEO & President of Athene USA
- Tenure: 0yrs
- Compensation: US$3.17m
Bill Wheeler (57yo)
President
- Tenure: 4.3yrs
- Compensation: US$4.44m
Jim Belardi (62yo)
Co-Founder
- Tenure: 10.6yrs
- Compensation: US$4.28m
John Sondej (54yo)
Senior VP
- Tenure: 1.3yrs
Randy Epright (56yo)
Executive VP & Chief Information Officer
- Tenure: 0yrs
Noah Gunn
Head of Investor Relations
- Tenure: 1.3yrs
Marty Klein (59yo)
Executive VP & CFO
- Tenure: 4.1yrs
- Compensation: US$2.82m
John Rhodes (47yo)
Executive VP & Chief Risk Officer
- Tenure: 3.3yrs
- Compensation: US$1.97m
John Golden
Executive VP & General Counsel
- Tenure: 0yrs
Kristi Burma
Executive Vice President of Human Resources
- Tenure: 0yrs
Board Members
Larry Ruisi (70yo)
Independent Director
- Tenure: 6.9yrs
- Compensation: US$305.04k
Marc Rowan (56yo)
Director
- Tenure: 10.9yrs
Bob Borden (56yo)
Independent Director
- Tenure: 9.9yrs
- Compensation: US$277.79k
Manfred Puffer (56yo)
Director
- Tenure: 7.9yrs
- Compensation: US$260.04k
Marc Beilinson (61yo)
Lead Independent Director
- Tenure: 1.8yrs
- Compensation: US$393.41k
Jim Belardi (62yo)
Co-Founder
- Tenure: 10.6yrs
- Compensation: US$4.28m
Art Wrubel (53yo)
Independent Director
- Tenure: 3.3yrs
- Compensation: US$364.29k
Matt Michelini (37yo)
Director
- Tenure: 9.9yrs
Hope Taitz (55yo)
Director
- Tenure: 8.9yrs
- Compensation: US$317.70k
Gernot Friedrich Löhr (50yo)
Director
- Tenure: 10.9yrs
Company Information
Athene Holding Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Athene Holding Ltd.
- Ticker: ATH
- Exchange: NYSE
- Founded: 2008
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: US$8.088b
- Shares outstanding: 178.47m
- Website: https://www.athene.com
Number of Employees
Location
- Athene Holding Ltd.
- Chesney House
- First Floor
- Pembroke
- HM08
- Bermuda
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ATH | NYSE (New York Stock Exchange) | Yes | Class A Common Stock | US | USD | Dec 2016 |
| ATR | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Dec 2016 |
| ATH.PRA | NYSE (New York Stock Exchange) | 6.35 DP SH PFD A | US | USD | Jun 2019 | |
| ATH.PRB | NYSE (New York Stock Exchange) | 5.625 DPRP PFD B | US | USD | Sep 2019 |
Biography
Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States and Bermuda. It offers fixed deferred, immediate, and payout annuities; ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/15 01:15 |
| End of Day Share Price | 2019/12/13 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.