Athene Holding Ltd Stock Research

ATH Alerts

Big fall in Revenue (Y/Y)
Big fall in earnings (Y/Y)

ATH RSI Chart

ATH Valuation

Market Cap

17.0B

Price/Earnings (Trailing)

-9.57

Price/Sales (Trailing)

0.74

EV/EBITDA

-2.13

Price/Free Cashflow

1.36

ATH Price/Sales (Trailing)

ATH Profitability

EBT Margin

-94.84%

Return on Equity

-174.87%

Return on Assets

-1.69%

Free Cashflow Yield

73.72%

ATH Fundamentals

ATH Revenue

Revenue (TTM)

7.6B

Revenue Y/Y

-44.15%

Revenue Q/Q

64.05%

ATH Earnings

Earnings (TTM)

-4.2B

Earnings Y/Y

-68.77%

Earnings Q/Q

137.96%

Price Action

ATH Financial Health

Debt/Equity

1.54

Debt/Cashflow

1.71

ATH Investor Care

Shares Dilution (1Y)

6.07%

Peers (Alternatives to Athene Holding)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MET	42.3B	69.9B	-23.30%	-20.83%	16.68	0.61	-1.66%	-61.26%
PRU	38.7B	60.0B	-21.12%	-32.57%	125.56	0.61	-15.34%	-118.62%
TRV	38.3B	36.9B	-11.40%	-9.04%	13.47	1.04	5.94%	-22.39%
RE	24.1B	12.1B	-9.20%	18.91%	40.37	2	1.63%	-56.71%
ATH	17.0B	7.6B	-	-	-9.57	0.74	-71.04%	-207.85%
GL	11.2B	5.2B	-11.45%	6.68%	15.18	2.15	2.00%	-0.71%
MID-CAP
PRI	6.0B	2.7B	-2.33%	23.20%	16.04	2.2	0.38%	-0.09%
LNC	3.5B	18.8B	-35.95%	-67.83%	-1.57	0.19	-2.32%	-258.51%
AEL	3.0B	1.4B	-13.79%	-10.97%	2.45	2.12	-61.63%	157.59%
BHF	2.8B	8.5B	-27.13%	-20.78%	565.21	0.33	18.64%	104.63%
GNW	2.4B	7.5B	-20.83%	27.35%	3.86	0.31	-4.15%	-32.63%
SMALL-CAP
VERY	116.0M	101.8M	5.64%	57.38%	-6.85	1.14	-19.68%	11.97%
AAME	50.7M	192.4M	3.75%	-12.01%	16.13	0.26	-8.30%	-76.65%
NSEC	41.4M	66.1M	0.80%	56.55%	-121.51	0.63	-2.59%	95.15%

Financials for Athene Holding

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2021Q4	2021Q3
Revenue	-47.5%	7,623,000,000	14,514,666,667	23,068,000,000	26,320,000,000	28,178,000,000
EBITDA	-7.9%	-7,230,000,000	-6,699,000,000	-4,392,000,000	-	-
EBITDA Margin	-105.5%	-0.95	-0.46	-0.19	-	-
Earnings Before Taxes	-7.9%	-7,230,000,000	-6,699,000,000	-4,392,000,000	4,186,000,000	-
EBT Margin	-105.5%	-0.95	-0.46	-0.19	-	-
Interest Expenses	-	125,000,000	-	-	-	-
Net Income	-22.1%	-4,162,000,000	-3,409,000,000	-1,775,000,000	3,859,000,000	-
Net Income Margin	-132.5%	-0.55	-0.23	-0.08	-	-
Free Cahsflow	-31.3%	6,258,000,000	9,108,000,000	12,520,000,000	-	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	3.9%	246,047	236,700	234,254	246,134	235,149
Cash Equivalents	-10.7%	8,769	9,823	11,172	8,523	9,479
Goodwill	0%	4,058	4,058	4,153	4,181	-
Liabilities	2.1%	243,667	238,566	230,865	232,442	212,968
Long Term Debt	11.8%	3,658	3,271	3,279	3,287	2,964
Shareholder's Equity	-29.8%	2,380	3,389	13,692	20,130	-
Retained Earnings	5.9%	-4,892	-5,198	-4,074	-1,732	11,033
Additional Paid-In Capital	2.9%	18,119	17,607	17,586	17,555	6,667
Shares Outstanding	-	138	-	-	-	-
Minority Interest	381.5%	1,464	-520	-336	2,543	2,051

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-31.3%	6,258	9,108	12,520	8,821	10,292
Cashflow From Investing	-11.5%	-34,375	-30,821	-28,379	-27,214	-27,932
Cashflow From Financing	8.1%	26,472	24,485	19,278	21,304	19,629
Dividend Payments	0%	1,313	1,313	1,125	938	0.00
Buy Backs	-100.0%	0.00	4.00	4.00	4.00	8.00

Risks for ATH

What is the probability of a big loss on ATH?

null%

Probability that Athene Holding stock will be more than 20% underwater in next one year

null%

Probability that Athene Holding stock will be more than 30% underwater in next one year.

null%

Probability that Athene Holding stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does ATH drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Athene Holding was unfortunately bought at previous high price.

Drawdowns

Returns for ATH

Cumulative Returns on ATH

What are the long-term rolling returns for ATH?

FIve years rolling returns for Athene Holding.

Annualized Returns

Which funds bought or sold ATH recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-02-14	RHUMBLINE ADVISERS	sold off	-100	-363,000	-	-%
2023-02-14	Register Financial Advisors LLC	new	-	42,900	42,900	0.03%
2023-02-10	PNC Financial Services Group, Inc.	new	-	257	257	-%
2023-02-07	Heritage Wealth Advisors	unchanged	-	-2,550	21,450	-%
2022-05-16	Parametric Portfolio Associates LLC	sold off	-100	-26,518,000	-	-%
2022-05-11	NN Investment Partners Holdings N.V.	sold off	-100	-3,834,000	-	-%
2022-05-10	People's United Financial, Inc.	sold off	-100	-721,000	-	-%
2022-02-14	MD Financial Management Inc.	reduced	-3.61	215,000	1,510,000	0.04%
2022-02-14	COOPERMAN LEON G	reduced	-7.87	13,727,000	133,328,000	6.70%
2022-01-31	SPHINX TRADING, LP	unchanged	-	87,000	500,000	0.51%

Latest Funds Activity

Are funds buying ATH calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own ATH

No. of Funds

Athene Holding News

Schedule 13G FIlings of Athene Holding

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2022	vanguard group inc	6.27%	12,047,234	SC 13G/A
Feb 04, 2022	wellington management group llp	1.82%	3,506,422	SC 13G/A
Mar 08, 2021	apollo management holdings gp, llc	1.5%	2,882,191	SC 13D/A
Feb 10, 2021	vanguard group inc	5.64%	10,804,002	SC 13G/A
Feb 03, 2021	wellington management group llp	7.82%	14,980,016	SC 13G/A
Mar 09, 2020	apollo management holdings gp, llc	1.4%	2,882,191	SC 13D
Mar 06, 2020	vanguard group inc	10.07%	14,430,067	SC 13G/A
Feb 14, 2020	apollo management holdings gp, llc	0.0%	1	SC 13G/A
Feb 12, 2020	vanguard group inc	9.26%	13,907,033	SC 13G/A
Jan 27, 2020	wellington management group llp	8.50%	12,762,294	SC 13G/A

ATH Fair Value

Recent SEC filings of Athene Holding

View All Filings

Date Filed	Form Type	Document
Mar 13, 2023	8-K	Current Report
Mar 01, 2023	10-K	Annual Report
Feb 22, 2023	8-K	Current Report
Feb 10, 2023	8-K	Current Report
Feb 10, 2023	5	Insider Trading
Feb 09, 2023	8-K	Current Report
Feb 03, 2023	8-K	Current Report

Latest Insider Trading transactions for ATH

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-12-12	Belardi James Richard	bought	1,670,620	25.16	66,400	chairman, ceo and cio
2022-12-12	Klein Martin P	bought	500,000	25.00	20,000	executive vp and cfo
2022-01-01	KLEINMAN SCOTT	back to issuer	-	-	-88,052	-
2022-01-01	Klein Martin P	acquired	-	-	20,029	executive vp and cfo
2022-01-01	Belardi James Richard	back to issuer	-	-	-16,657	chairman, ceo and cio
2022-01-01	Belardi James Richard	acquired	-	-	56,256	chairman, ceo and cio
2022-01-01	Belardi James Richard	back to issuer	-	-	-86,929	chairman, ceo and cio
2022-01-01	MCCALL H CARL	back to issuer	-	-	-23,186	-
2022-01-01	SWANN LYNN C	back to issuer	-	-	-4,796	-
2022-01-01	KLEINMAN SCOTT	back to issuer	-	-	-67,307	-

About Athene Holding

James R. Belardi

www.athene.com

153

Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products for individuals, professionals, and institutions in the United States, Bermuda, and Canada. The company provides annuity retirement solutions to its policyholders; and reinsures multi-year guaranteed annuities, fixed indexed annuities, traditional one-year guarantee fixed deferred annuities, immediate annuities, and institutional products. It also offers funding agreements and pension risk transfer transactions, as well as group annuities. The company was incorporated in 2008 and is headquartered in Hamilton, Bermuda.

ATH Income Statement

2022-12-31

Consolidated Statements of Income - USD ($) $ in Millions	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues [Abstract]
Net investment income	$ 7,571	$ 7,100	$ 4,834
Other Income	(28)	72	36
Revenues	7,623	26,320	14,764
Premiums Earned, Net	11,638	14,262	5,963
Insurance Commissions and Fees	718	621	571
Gain (Loss) on Investments	(12,706)	4,215	3,287
Benefits, Losses and Expenses [Abstract]
Interest Sensitive Contract Benefits Expense	541	4,442	3,891
Deferred Sales Inducement Cost, Amortization Expense	0	198	66
Policyholder Benefits and Claims Incurred, Net	12,310	15,734	7,187
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Amortization	509	632	521
Other Cost and Expense, Operating	1,493	1,128	893
Benefits, Losses and Expenses, Total	14,853	22,134	12,558
Income (loss) before income taxes	(7,230)	4,186	2,206
Income tax expense (benefit)	(976)	386	285
Net income (loss)	(6,254)	3,800	1,921
Less: Net income (loss) attributable to noncontrolling interests	(2,092)	(59)	380
Net income available to Athene Holding Ltd. shareholders	(4,162)	3,859	1,541
Less: Preferred stock dividends	141	141	95
Net Income (Loss) Available to Common Stockholders, Basic	$ 4,303	$ (3,718)	$ (1,446)

ATH Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Assets
Available-for-sale securities	$ 112,225	$ 110,561
Mortgage loans		24,148
Investment funds	14,128	9,866
Derivative assets	3,309	4,387
Cash and Cash Equivalents, at Carrying Value	7,779	9,479
Restricted Cash and Cash Equivalents	628	796
Accrued Investment Income Receivable	1,328	962
Reinsurance Recoverables, Including Reinsurance Premium Paid	4,367	4,594
Deferred Policy Acquisition Costs, Deferred Sales Inducements, and Present Value of Future Profits	5,576	5,362
Goodwill	4,058	0
Other Assets	9,690	1,257
Assets, Total	246,047	235,149
Liabilities
Policyholder Contract Deposit	173,653	156,325
Liability for Future Policy Benefit, before Reinsurance	55,328	42,488
Long-term Debt	3,658	2,964
Derivative liabilities	1,646	472
Investment-related Liabilities	6,707	7,044
Other Liabilities	1,860	3,214
Liabilities, Total	243,667	212,968
Commitments and Contingencies (Note 15)
Equity
Additional Paid in Capital	18,119	6,667
Retained Earnings (Accumulated Deficit)	(4,892)	11,033
Accumulated other comprehensive income (loss)	(12,311)	2,430
Stockholders' Equity Attributable to Parent, Total	916	20,130
Stockholders' Equity Attributable to Noncontrolling Interest	1,464	2,051
Equity	2,380	22,181
Liabilities and Equity, Total	246,047	235,149
Consolidated Entity, excluding Affiliated Entity
Assets
Available-for-sale securities	102,404	100,159
Trading securities	1,595	2,056
Equity securities	1,487	1,170
Mortgage loans	27,454	20,748
Investment funds	79	1,178
Policy Loans	347	312
Funds withheld at interest	32,880	43,907
Derivative assets	3,309	4,387
Short-term investments, at fair value	2,160	139
Other investments	773	1,473
Investments, Total	172,488	175,529
Variable Interest Entities
Assets
Trading securities	1,063	0
Mortgage loans	2,055	2,040
Investment funds	12,480	1,297
Other investments	101	0
Cash and Cash Equivalents, at Carrying Value	362	154
Other Assets	112	32
Liabilities
Other Liabilities	815	461
Related Party
Assets
Available-for-sale securities	9,821	10,402
Trading securities	878	1,781
Equity securities	279	284
Mortgage loans	1,302	1,360
Investment funds	1,569	7,391
Funds withheld at interest	9,808	12,207
Other investments	303	222
Accrued Investment Income Receivable	105	54
Liabilities
Policyholder Contract Deposit	11,889	12,948
Liability for Future Policy Benefit, before Reinsurance	2,148	1,853
Other Liabilities	564	936
Equity
Accumulated other comprehensive income (loss)	(491)	33
Series A Preferred Stock [Member]
Equity
Preferred Stock, Value, Outstanding	0	0
Series B Preferred Stock [Member]
Equity
Preferred Stock, Value, Outstanding	0	0
Series C Preferred Stock [Member]
Equity
Preferred Stock, Value, Outstanding	0	0
Series D Preferred Stock
Equity
Preferred Stock, Value, Outstanding	0	0
Series E Preferred Stock
Equity
Preferred Stock, Value, Outstanding	0	0
Common Class A [Member]
Equity
Common Stock, Value, Issued	$ 0	$ 0