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Athene Holding

NYSE:ATH
Snowflake Description

Undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ATH
NYSE
$8B
Market Cap
  1. Home
  2. US
  3. Insurance
Company description

Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States and Bermuda. The last earnings update was 13 days ago. More info.


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ATH Share Price and Events
7 Day Returns
-0.9%
NYSE:ATH
0.7%
US Insurance
-0.7%
US Market
1 Year Returns
-7.5%
NYSE:ATH
7.1%
US Insurance
3%
US Market
ATH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Athene Holding (ATH) -0.9% -2.6% -4% -7.5% - -
US Insurance 0.7% 1.6% 6% 7.1% 32.7% 45.5%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • ATH underperformed the Insurance industry which returned 7.1% over the past year.
  • ATH underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
ATH
Industry
5yr Volatility vs Market

ATH Value

 Is Athene Holding undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Athene Holding to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Athene Holding.

NYSE:ATH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 10 analysts.
= Stable Book Value * Return on Equity
= $64.35 * 13.6%
$8.75
Book Value of Equity per Share Weighted future Book Value estimates from 7 analysts. $64.35
Discount Rate (Cost of Equity) See below 7.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:ATH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.734 (1 + (1- 21%) (11.85%))
0.868
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.868 * 5.96%)
7.9%

Discounted Cash Flow Calculation for NYSE:ATH using Excess Returns Model Model

The calculations below outline how an intrinsic value for Athene Holding is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NYSE:ATH Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (13.6% – 7.9%) * $64.35)
$3.66
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $3.66 / (7.9% - 2.73%)
$70.74
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $64.35 + $70.74
$135.08
NYSE:ATH Discount to Share Price
Calculation Result
Value per share (USD) From above. $135.08
Current discount Discount to share price of $42.63
= -1 x ($42.63 - $135.08) / $135.08
68.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Athene Holding is available for.
Intrinsic value
>50%
Share price is $42.63 vs Future cash flow value of $135.08
Current Discount Checks
For Athene Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Athene Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Athene Holding's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Athene Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Athene Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:ATH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $7.56
NYSE:ATH Share Price ** NYSE (2019-05-17) in USD $42.63
United States of America Insurance Industry PE Ratio Median Figure of 90 Publicly-Listed Insurance Companies 16.69x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Athene Holding.

NYSE:ATH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:ATH Share Price ÷ EPS (both in USD)

= 42.63 ÷ 7.56

5.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Athene Holding is good value based on earnings compared to the US Insurance industry average.
  • Athene Holding is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Athene Holding's expected growth come at a high price?
Raw Data
NYSE:ATH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
1.5%per year
United States of America Insurance Industry PEG Ratio Median Figure of 67 Publicly-Listed Insurance Companies 1.6x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NYSE:ATH PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.64x ÷ 1.5%

3.68x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Athene Holding is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Athene Holding's assets?
Raw Data
NYSE:ATH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $51.56
NYSE:ATH Share Price * NYSE (2019-05-17) in USD $42.63
United States of America Insurance Industry PB Ratio Median Figure of 119 Publicly-Listed Insurance Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NYSE:ATH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:ATH Share Price ÷ Book Value per Share (both in USD)

= 42.63 ÷ 51.56

0.83x

* Primary Listing of Athene Holding.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Athene Holding is good value based on assets compared to the US Insurance industry average.
X
Value checks
We assess Athene Holding's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Athene Holding has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ATH Future Performance

 How is Athene Holding expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Athene Holding expected to grow at an attractive rate?
  • Athene Holding's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Athene Holding's earnings growth is positive but not above the United States of America market average.
  • Athene Holding's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:ATH Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:ATH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 1.5%
NYSE:ATH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts -1.7%
United States of America Insurance Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
United States of America Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:ATH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:ATH Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 6,026 1,638 4
2020-12-31 5,623 1,558 10
2019-12-31 5,155 1,593 10
NYSE:ATH Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 10,493 3,310 1,484
2018-12-31 6,543 2,874 1,053
2018-09-30 9,268 3,063 1,555
2018-06-30 8,153 2,616 1,189
2018-03-31 8,119 3,314 1,251
2017-12-31 8,727 3,170 1,358
2017-09-30 5,921 1,577 1,348
2017-06-30 5,720 1,568 1,200
2017-03-31 5,002 1,240 1,067
2016-12-31 4,105 1,199 773
2016-09-30 4,084 1,276 646
2016-06-30 3,036 1,302 592

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Athene Holding's earnings are expected to grow by 1.5% yearly, however this is not considered high growth (20% yearly).
  • Athene Holding's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:ATH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Athene Holding Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ATH Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 9.05 9.19 8.91 2.00
2020-12-31 8.21 8.48 7.90 6.00
2019-12-31 8.61 9.44 7.10 6.00
NYSE:ATH Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 7.56
2018-12-31 5.34
2018-09-30 7.89
2018-06-30 6.04
2018-03-31 6.37
2017-12-31 6.95
2017-09-30 6.74
2017-06-30 6.00
2017-03-31 5.32
2016-12-31 4.14
2016-09-30 3.19
2016-06-30 2.92

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Athene Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Athene Holding's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Athene Holding has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ATH Past Performance

  How has Athene Holding performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Athene Holding's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Athene Holding has delivered over 20% year on year earnings growth in the past 5 years.
  • Athene Holding's 1-year earnings growth is less than its 5-year average (18.6% vs 27.3%)
  • Athene Holding's earnings growth has exceeded the US Insurance industry average in the past year (18.6% vs 6.6%).
Earnings and Revenue History
Athene Holding's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Athene Holding Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ATH Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 10,493.00 1,484.00 27.00
2018-12-31 6,543.00 1,053.00 27.00
2018-09-30 9,268.00 1,555.00 24.00
2018-06-30 8,153.00 1,189.00 28.00
2018-03-31 8,119.00 1,251.00 48.00
2017-12-31 8,727.00 1,358.00 45.00
2017-09-30 5,921.00 1,348.00 55.00
2017-06-30 5,720.00 1,200.00 98.00
2017-03-31 5,002.00 1,067.00 108.00
2016-12-31 4,105.00 773.00 97.00
2016-09-30 4,084.00 646.00 72.00
2016-06-30 3,036.00 592.00 22.00
2016-03-31 2,530.00 506.00 -11.00
2015-12-31 2,618.00 562.00 84.00
2014-12-31 4,100.00 463.00
2013-12-31 1,597.00 916.00
2012-12-31 1,020.31 391.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Athene Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Athene Holding used its assets less efficiently than the US Insurance industry average last year based on Return on Assets.
  • Athene Holding has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Athene Holding's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Athene Holding has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ATH Health

 How is Athene Holding's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Athene Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Athene Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Athene Holding's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Athene Holding's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 43.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Athene Holding Company Filings, last reported 1 month ago.

NYSE:ATH Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 10,117.00 992.00 5,374.00
2018-12-31 8,276.00 992.00 5,192.00
2018-09-30 9,069.00 992.00 6,185.00
2018-06-30 8,505.00 1,189.00 6,398.00
2018-03-31 8,695.00 1,007.00 5,529.00
2017-12-31 9,176.00 2.00 7,673.00
2017-09-30 8,669.00 16.00 6,768.00
2017-06-30 8,284.00 16.00 6,657.00
2017-03-31 7,597.00 17.00 5,681.00
2016-12-31 6,859.00 33.00 5,591.00
2016-09-30 7,074.00 28.00 5,797.00
2016-06-30 6,438.00 512.00 7,518.00
2016-03-31 5,649.00 511.00 6,955.00
2015-12-31 5,363.00 508.00 6,626.00
2014-12-31 4,588.00 2,017.00 6,991.00
2013-12-31 2,837.00 2,764.00 8,799.00
2012-12-31 1,875.86 1,412.17 3,128.71
  • Athene Holding's level of debt (9.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (78.7% vs 9.8% today).
  • Debt is well covered by operating cash flow (333.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 29.3x coverage).
X
Financial health checks
We assess Athene Holding's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Athene Holding has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ATH Dividends

 What is Athene Holding's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Athene Holding dividends. Estimated to be 0% next year.
If you bought $2,000 of Athene Holding shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Athene Holding's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Athene Holding's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:ATH Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
United States of America Insurance Industry Average Dividend Yield Market Cap Weighted Average of 80 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:ATH Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 4.00
2020-12-31 0.00 6.00
2019-12-31 0.00 6.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Athene Holding has not reported any payouts.
  • Unable to verify if Athene Holding's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Athene Holding's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Athene Holding has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Athene Holding's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Athene Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Athene Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Athene Holding has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ATH Management

 What is the CEO of Athene Holding's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jim Belardi
COMPENSATION $4,275,309
AGE 61
TENURE AS CEO 10 years
CEO Bio

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 responsible for the day-to-day management of investment portfolio at AHL. Mr. Belardi served as Chief Executive Officer and Director at Athene Annuity & Life Assurance Company of New York. He also served as the Chief Executive Officer at Athene Annuity & Life Assurance Company. He serves as the Chief Executive Officer, Chief Investment Officer, and Chairman of Athene Asset Management, L.P. He served as Senior Vice President of SunAmerica Annuity and Life Assurance Company since 1994. Mr. Belardi served as the Chief Investment Officer at AIG Retirement Services, Inc., where he worked till June 2006. He served as Chief Financial Officer and Executive Vice President till 2006 at SAFG Retirement Services, Inc. Mr. Belardi served as a Senior Vice President and Treasurer at Sunamerica Inc. from 1992 to 1995. He was a Senior Vice President at AIG Sunamerica Life Assurance Company since 1994. Mr. Belardi served as the President at SunAmerica Life Insurance Company, which he joined in 1986. He served on the Board of Directors of SunAmerica Annuity and Life Assurance Company. He currently serves on the Board of Directors of AAM. He is a Director of Loyola Marymount University, Paulist Productions, Aris Mortgage Holding Company LLC, and Southern California Aquatics. Mr. Belardi served as a Director of First SunAmerica Life Insurance Co. since 2002. He received his Master of Business Administration from the University of California, Los Angeles and his Bachelor of Arts degree in Economics from Stanford University. Mr. Belardi swam in the 1976 and 1980 Olympic Swimming Trials and is a nine-time Masters Swimming World Record Holder.

CEO Compensation
  • Jim's compensation has been consistent with company performance over the past year.
  • Jim's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Athene Holding management team in years:

3.1
Average Tenure
57
Average Age
  • The tenure for the Athene Holding management team is about average.
Management Team

Jim Belardi

TITLE
Co-Founder
COMPENSATION
$4M
AGE
61
TENURE
10 yrs

Bill Wheeler

TITLE
President
COMPENSATION
$4M
AGE
56
TENURE
3.7 yrs

Marty Klein

TITLE
Executive VP & CFO
COMPENSATION
$3M
AGE
58
TENURE
3.5 yrs

Grant Kvalheim

TITLE
Executive VP of Athene and CEO & President of Athene USA
COMPENSATION
$3M
AGE
61

John Rhodes

TITLE
Executive VP & Chief Risk Officer
COMPENSATION
$2M
AGE
46
TENURE
2.8 yrs

Chip Gillis

TITLE
Co-Founder
COMPENSATION
$2M
AGE
67

John Sondej

TITLE
Senior VP
AGE
53
TENURE
0.8 yrs

Randy Epright

TITLE
Executive VP & Chief Information Officer
AGE
55

Noah Gunn

TITLE
Head of Investor Relations
TENURE
0.8 yrs

John Golden

TITLE
Executive VP & General Counsel
Board of Directors Tenure

Average tenure and age of the Athene Holding board of directors in years:

8.8
Average Tenure
55
Average Age
  • The tenure for the Athene Holding board of directors is about average.
Board of Directors

Jim Belardi

TITLE
Co-Founder
COMPENSATION
$4M
AGE
61
TENURE
10 yrs

Hope Taitz

TITLE
Director
COMPENSATION
$318K
AGE
54
TENURE
8.3 yrs

Manfred Puffer

TITLE
Director
COMPENSATION
$260K
AGE
55
TENURE
7.3 yrs

Larry Ruisi

TITLE
Director
COMPENSATION
$305K
AGE
69
TENURE
6.3 yrs

Marc Beilinson

TITLE
Lead Independent Director
COMPENSATION
$393K
AGE
60
TENURE
1.3 yrs

Art Wrubel

TITLE
Director
COMPENSATION
$364K
AGE
52
TENURE
2.8 yrs

Marc Rowan

TITLE
Director
AGE
55
TENURE
10.3 yrs

Gernot Friedrich Löhr

TITLE
Director
AGE
49
TENURE
10.3 yrs

Matt Michelini

TITLE
Director
AGE
36
TENURE
9.3 yrs

Bob Borden

TITLE
Director
COMPENSATION
$278K
AGE
55
TENURE
9.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
08. Aug 18 Sell Hope Taitz Individual 07. Aug 18 07. Aug 18 -10,000 $49.90 $-499,025
08. Aug 18 Sell Lawrence Ruisi Individual 06. Aug 18 06. Aug 18 -5,000 $49.80 $-249,020
X
Management checks
We assess Athene Holding's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Athene Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ATH News

Simply Wall St News

Have Investors Priced In Athene Holding Ltd.'s (NYSE:ATH) Growth?

Growth expectations for Athene Holding Ltd. … View our latest analysis for Athene Holding? … Athene Holding is poised for extremely high earnings growth in the near future

Simply Wall St -

Can Athene Holding Ltd. (NYSE:ATH) Save Your Portfolio?

Today I want to bring to light the market's darling - Athene Holding Ltd.. … Looking at its size, financial health and track record, I believe there's an opportunity with Athene Holding during these volatile times. … Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States and Bermuda

Simply Wall St -

Does The Data Make Athene Holding Ltd. (NYSE:ATH) An Attractive Investment?

Today I've chosen to put the spotlight on Athene Holding Ltd. … is a company that has been able to sustain great financial health, trading at an attractive share price. … report on Athene Holding here

Simply Wall St -

Is Athene Holding Ltd.'s (NYSE:ATH) 18% Better Than Average?

Athene Holding has a ROE of 18%, based on the last twelve months. … Check out our latest analysis for Athene Holding? … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How Many Insiders Sold Athene Holding Ltd. (NYSE:ATH) Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So shareholders might well want to know whether insiders have been buying or selling shares in Athene Holding Ltd. … So we know that an insider sold shares at around the present share price of US$43.69

Simply Wall St -

Has Athene Holding Ltd (NYSE:ATH) Improved Earnings Growth In Recent Times?

After looking at Athene Holding Ltd's (NYSE:ATH) latest earnings announcement (30 September 2018), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … Check out our latest analysis for Athene Holding. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 22%, indicating the rate at which ATH is growing has slowed down

Simply Wall St -

Athene Holding Ltd (NYSE:ATH): Is Growth Priced In?

Athene Holding Ltd (NYSE:ATH) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of $44.53 is based on unrealistic expectations. … View our latest analysis for Athene Holding? … Analysts are predicting good growth prospects for Athene Holding over the next couple of years

Simply Wall St -

Athene Holding Ltd (NYSE:ATH): Commentary On Fundamentals

Athene Holding Ltd (NYSE:ATH) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … report on Athene Holding here

Simply Wall St -

Does Athene Holding Ltd's (NYSE:ATH) Recent Track Record Look Strong?

Measuring Athene Holding Ltd's (NYSE:ATH) track record of past performance is an insightful exercise for investors. … Below, I will assess ATH's recent performance announced on 31 March 2018 and compare these figures to its historical trend and industry movements. … ATH's trailing twelve-month earnings (from 31 March 2018) of US$1.33b has

Simply Wall St -

Is Athene Holding Ltd's (NYSE:ATH) PE Ratio A Signal To Buy For Investors?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Although some investors may jump to the conclusion that this is a great buying opportunity, understanding the assumptions behind the P/E ratio might change your mind. … View our latest analysis for Athene Holding

Simply Wall St -

ATH Company Info

Description

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; and funding agreements and pension risk transfer products to institutional investors. The company’s products are designed for individuals and institutions seeking to fund retirement needs. Athene Holding Ltd. was incorporated in 2008 and is headquartered in Pembroke, Bermuda.

Details
Name: Athene Holding Ltd.
ATH
Exchange: NYSE
Founded: 2008
$8,372,109,835
196,390,097
Website: http://www.athene.com
Address: Athene Holding Ltd.
Chesney House,
First Floor,
Pembroke,
HM08,
Bermuda
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE ATH Class A Common Stock New York Stock Exchange US USD 09. Dec 2016
DB ATR Class A Common Stock Deutsche Boerse AG DE EUR 09. Dec 2016
Number of employees
Current staff
Staff numbers
1,275
Athene Holding employees.
Industry
Life and Health Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 03:13
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/05/07
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.