Athene Holding
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.
Add to Portfolio Compare Print
ATH Share Price and Events
7 Day Returns
1 Year Returns
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.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Athene Holding.
| 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.
| 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.
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Athene Holding's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check) 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
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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Athene Holding's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Athene Holding Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Athene Holding's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Athene Holding Company Filings, last reported 1 month ago.
| 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).
Financial health checks
We assess Athene Holding's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Athene Holding has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
$2,000 of
Athene Holding
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| 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.
Income/ dividend checks
We assess Athene Holding's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The tenure for the Athene Holding management team is about average.
Management Team
Jim Belardi
Co-Founder
$4M
61
10 yrs
Bill Wheeler
President
$4M
56
3.7 yrs
Marty Klein
Executive VP & CFO
$3M
58
3.5 yrs
Grant Kvalheim
Executive VP of Athene and CEO & President of Athene USA
$3M
61
John Rhodes
Executive VP & Chief Risk Officer
$2M
46
2.8 yrs
Chip Gillis
Co-Founder
$2M
67
John Sondej
Senior VP
53
0.8 yrs
Randy Epright
Executive VP & Chief Information Officer
55
Noah Gunn
Head of Investor Relations
0.8 yrs
John Golden
Executive VP & General Counsel
Board of Directors Tenure
Average tenure and age of the Athene Holding board of directors in years:
- The tenure for the Athene Holding board of directors is about average.
Board of Directors
Jim Belardi
Co-Founder
$4M
61
10 yrs
Hope Taitz
Director
$318K
54
8.3 yrs
Manfred Puffer
Director
$260K
55
7.3 yrs
Larry Ruisi
Director
$305K
69
6.3 yrs
Marc Beilinson
Lead Independent Director
$393K
60
1.3 yrs
Art Wrubel
Director
$364K
52
2.8 yrs
Marc Rowan
Director
55
10.3 yrs
Gernot Friedrich Löhr
Director
49
10.3 yrs
Matt Michelini
Director
36
9.3 yrs
Bob Borden
Director
$278K
55
9.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | 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 | ||
Management checks
We assess Athene Holding's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleCan 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 - – Full articleDoes 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 - – Full articleIs 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 - – Full articleHow 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 - – Full articleHas 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 - – Full articleAthene 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 - – Full articleAthene 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 - – Full articleDoes 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 - – Full articleIs 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 - – Full articleATH 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
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.
