Athene Holding (ATH) Tops Q4 EPS by 3c
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Athene Holding Ltd. Reports Fourth Quarter and Full Year 2018 Results
February 25, 2019 4:15 PM ESTPEMBROKE, Bermuda--(BUSINESS WIRE)-- Athene Holding Ltd. ("Athene") (NYSE: ATH), a leading provider of retirement savings products, today announced financial results for the fourth quarter and full year 2018.
Net loss for the fourth quarter 2018 was $104 million, or $(0.53) per diluted Class A share ("diluted share"), compared to net income for the fourth quarter 2017 of $439 million, or $2.22 per diluted share. The loss was driven by unfavorable changes in reinsurance embedded derivatives due to credit spread widening, as well as unfavorable changes in fixed indexed annuity derivatives due to equity market depreciation. Net income for... More
