Athene Holding Ltd. Reports First Quarter 2019 Results
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Athene Holding (ATH) Misses Q1 EPS by 22c, Revenues Miss
May 7, 2019 7:03 AM EDTAthene Holding (NYSE: ATH) reported Q1 EPS of $1.50, $0.22 worse than the analyst estimate of $1.72. Revenue for the quarter came in at $1.01 billion versus the consensus estimate of $1.26 billion.
Highlights
Athene announces formation of strategic capital solution, Athene Co-Invest Reinsurance Affiliate ("ACRA"), which is expected to provide Athene with up to $4 billion of on-demand, third-party equity capital, enabling Athene to support a variety of business objectivesWith enhanced strategic flexibility resulting from ACRA, Athene\'s Board of Directors has increased the share repurchase authorization to $350 million, effective immediatelyOn... More