Athene Holding (ATH) Tops Q2 EPS by 78c
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Athene Holding Ltd. Reports Second Quarter 2020 Results
August 5, 2020 6:30 AM EDTCompany Highlights
Record quarterly organic deposits of $6.9 billion, increasing 75% sequentially, and underwritten to returns in excess of targets Closed large scale block reinsurance transaction with Jackson National, adding $29 billion of gross inorganic deposits Execution across organic and inorganic funding channels drove strong net invested asset growth of 18% year-over-year, while maintaining high credit quality across the portfolio Strong core profitability, normalizing for the impact of 1Q'20 market volatility on lagged alternative investments Expect forward net investment earned rate to benefit from combination of normalizing alternative returns, investing of... More