Athene Holding Ltd. ATH-PA

Financials SIC 6311 - Life Insurance NYSE

We are a leading financial services company that specializes in issuing, reinsuring and acquiring retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. Apollo Global Management, Inc. (AGM, and together with its subsidiaries other than us or our subsidiaries, Apollo) (NYSE: APO) is the beneficial owner of 100% of our common stock and controls all of the voting power to elect our board of directors.

We focus on generating spread income by combining our two core competencies of (1) sourcing long-term, persistent liabilities and (2) using the global scale and reach of Apollo's asset management business to actively source or originate assets with our preferred risk and return characteristics. Our investment philosophy is to invest a portion of our assets in securities that earn an incremental yield by taking measured liquidity and complexity risk and capitalize on our long-dated, persistent liability profile to prudently achieve higher net investment earned rates, rather than assuming incremental credit risk. Our differentiated investment strategy benefits from our relationship with Apollo, which provides a full suite of services for our investment portfolio, including direct investment management, asset allocation, mergers and acquisitions asset diligence, and certain operational support services including investment compliance, tax, legal and risk management support. Our relationship with Apollo provides us with access to Apollo's investment professionals around the world, as well as Apollo's global asset management infrastructure across a broad array of asset classes. We are led by a highly skilled management team with extensive industry experience.

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Market cap
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Valuation FY2025 figures against the last close

P/S
P/E
P/FCF
EV/EBITDA
Dividend yield
Diluted EPS

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $25.68B$20.69B$28.19B$7.62B$26.32B$14.76B$16.26B$6.64B$8.79B$4.11B
Pre-tax income $5.11B$5.63B$4.59B-$5.66B$4.19B$2.21B$2.30B$1.18B$1.46B$712.0M
Income tax $886.0M$730.0M$1.16B$646.0M$386.0M$285.0M$117.0M$122.0M$106.0M$61.0M
Net income $2.71B$3.46B$4.67B-$2.91B$3.86B$1.54B$2.17B$1.05B$1.36B$773.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $16.89B$14.26B$14.88B$8.77B$10.43B$8.44B$4.64B$3.40B$5.00B$2.52B
Goodwill $4.07B$4.06B$4.07B$4.06B$0
Other intangibles $1.64B$1.72B
Total assets $442.20B$363.34B$300.58B$243.93B$235.15B$202.77B$146.88B$125.50B$100.16B$86.70B
Short-term debt $0$475.0M
Long-term debt $7.85B$6.31B$4.21B$3.66B$2.96B$1.98B$992.0M
Total liabilities $406.57B$337.47B$279.34B$233.38B$212.97B$182.63B$132.73B$117.23B$90.98B$79.84B
Retained earnings $3.90B$2.24B-$92.0M-$3.64B$11.03B$8.07B$6.94B$5.29B$4.25B$3.07B
Total equity $20.49B$16.36B$21.23B$10.55B$22.55B$20.14B$14.14B$8.28B$9.18B$6.88B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $5.16B$1.88B$4.98B$6.26B$10.29B$4.15B$2.66B$2.87B$3.17B$1.20B
Investing cash flow -$63.80B-$61.92B-$43.65B-$34.38B-$27.93B-$14.82B-$9.96B-$8.17B-$5.77B-$2.66B
Financing cash flow $61.28B$59.42B$44.77B$26.47B$19.63B$14.49B$8.54B$3.71B$5.05B$1.16B
Dividends paid $752.0M$452.0M$937.0M$1.31B$0$0
Buybacks $0$0$8.0M$428.0M$832.0M$105.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001527469-26-000013.

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