Notable News to Watch: Athene Holding Ltd. (NYSE: ATH)

On 19 March 2020, Athene Holding Ltd. (NYSE: ATH) stock observed trading -63.71% off 52-week high price. On the other end, the stock has been noted 36.87% away from low price over the last 52-weeks. The stock disclosed a move of -56.93% away from 50 day moving average and -56.86% away from 200 day moving average. Moving closer, we can see that shares have been trading -50.17% off 20-day moving average.

Athene Holding Ltd (ATH) reported financial results for the fourth quarter and full year 2019.

Net income accessible to AHL ordinary shareholders for the fourth quarter 2019 was $432M, or $2.42 per diluted Class A ordinary share (“diluted share”), contrast to a net loss for the fourth quarter 2018 of $104M, or $0.53 per ordinary share. The increase from the previous year quarter was driven by higher adjusted operating income, as well as a favorable net change in fixed indexed annuity (“FIA”) derivatives including the impact of favorable equity market performance and discount rates. Net income accessible to AHL ordinary shareholders for the full year 2019 was $2,136M, or $11.41 per diluted share, contrast to $1,053M, or $5.32 per diluted share for the full year 2018. The increase from the previous year was primarily driven by a favorable change in the fair value of reinsurance assets Because of a decrease in U.S. Treasury rates and tightening credit spreads.

Adjusted operating income accessible to ordinary shareholdersfor the fourth quarter 2019 was $389M, or $2.21 per adjusted operating ordinary share, a quarterly record, contrast to $240M, or $1.23 per adjusted operating ordinary share for the fourth quarter 2018. The increase from the previous year quarter was primarily driven by higher net investment earnings Because of a raise in net invested assets, stronger alternative investment performance and higher bond call income, as well as a lower cost of funds attributable to favorable rider reserves and deferred acquisition costs (“DAC”) amortization Because of strong equity market performance. Not Including notable items, adjusted operating income accessible to ordinary shareholders for the fourth quarter 2019 was $346M, or $1.97 per adjusted operating ordinary share, contrast to $293M, or $1.50 per adjusted operating ordinary share for the fourth quarter 2018.

Adjusted operating income accessible to ordinary shareholders for the full year 2019 reached a new yearlyhigh of $1,289M, or $6.97 per adjusted operating ordinary share, contrast to $1,140M, or $5.82 per adjusted operating ordinary share for the full year 2018. Not Including notable items, adjusted operating income accessible to ordinary shareholders for the full year 2019 was $1,294M, or $7.00 per adjusted operating ordinary share, contrast to $1,171M, or $5.98 per adjusted operating ordinary share for the full year 2018.

Fourth Quarter 2019 Results

Net income accessible to AHL ordinary shareholders for the fourth quarter 2019 was $432M, contrast to a net loss of $104M in the fourth quarter 2018. The increase from the previous year quarter was primarily driven by a favorable change in the fair value of net FIA derivatives Because of strong equity market performance and a favorable change in discount rates as well as higher adjusted operating income accessible to ordinary shareholders.

Adjusted operating income accessible to ordinary shareholders for the fourth quarter 2019 was $389M, a raise of $149M, or 62%, from the fourth quarter 2018. The increase from the previous year quarter was primarily driven by higher net investment income Because of a raise in net invested assets, stronger alternative investment performance and higher bond call income, as well as a lower cost of funds attributable to favorable rider reserves and DAC amortization driven by strong equity market performance.

Adjusted operating income accessible to ordinary shareholders, not including notable items, was $346M, a raise of $53M, or 18%, from the previous year. The increase from the previous year quarter was primarily driven by a raise in net investment earnings.

Full Year 2019 Results

Net income accessible to AHL ordinary shareholders for the full year 2019 was $2,136M, a raise of $1,083M, or 103%, from the full year 2018. The increase from the previous year was primarily driven by favorable changes in the fair value of reinsurance assets reflecting a decrease in U.S. Treasury rates and tightening credit spreads. The increase was also driven by higher adjusted operating income accessible to ordinary shareholders.

Adjusted operating income accessible to ordinary shareholders for the full year 2019 was $1,289M, a raise of $149M, or 13%, from the previous year. The increase from the previous year was primarily driven by growth in net invested assets as well as better alternative investment performance and higher bond call income.

Adjusted operating income accessible to ordinary shareholders, not including notable items, was $1,294M, a raise of $123M, or 11%, from the previous year. The increase from the previous year was primarily driven by growth in net invested assets and higher alternative investment performance, as well as higher bond call income.

Deposit Highlights

For the full year 2019, gross organic deposits were a record $18.1B, a raise of 37% contrast to the full year 2018, demonstrating the strength of Athene’s multi-channel distribution model. Importantly, the liabilities supporting these deposits were underwritten to attractive returns above historical averages. In the fourth quarter 2019, Athene generated quarterly gross organic deposits of $3.6B, a decrease of 30% contrast to the fourth quarter 2018, primarily Because of lower Retail deposits.

The Bermuda based company Athene Holding Ltd. moved with change of 10.84% to $18.3 with the total traded volume of 4450447 shares in recent session versus to an average volume of 2025.57K. ATH’s shares are at -60.78% for the quarter and driving a -57.53% return over the course of the past year and is now at -61.09% since this point in 2018.

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