Athene Holding (ATH) Tops Q2 EPS by 57c

Athene Holding (NYSE: ATH) reported Q2 EPS of $1.65, $0.57 better than the analyst estimate of $1.08.

"We have delivered another quarter of strong financial performance resulting in further strengthening of our balance sheet and capital position,” said Jim Belardi, CEO of Athene.

“Our differentiated, multi-channel distribution platform generated record deposits of $3.2 billion resulting from growth in both our retail and institutional channels. I am pleased to announce that we successfully entered the pension risk transfer (PRT) market in the second quarter, securing our first deal in which we assumed approximately $320 million in pension liabilities. Further demonstrating the diversity and flexibility of our model, we issued $1.1 billion of funding agreements during the quarter, a market in which we continue to gain significant traction,” Mr. Belardi noted.

“We have had a great first half of the year, executing our strategic plan and delivering increases in operating income, net income and shareholders’ equity. We are a strong, growing and disciplined financial services company and are well positioned to capitalize on future opportunities that will continue to generate significant shareholder value.”

For earnings history and earnings-related data on Athene Holding (ATH) click here.

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