journalists in 50+ countries covering politics, business, innovation, trends and more. We do not undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI)Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI)Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI)Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI)
FT print edition delivered Monday - Saturday along with ePaper accessPremium FT.com access for multiple users, with integrations & admin toolsApollo accused of ‘looting’ affiliate insurer AthenePurchase a Trial subscription for $1.00 for 4 weeks You will be billed $67.00 per month after the trial endsPurchase a Digital subscription for $7.10 per week You will be billed $39.50 per month after the trial endsYou will be billed $16.59 per month after the trial endsPurchase a Team or Enterprise subscription for per week It has also made Apollo the envy of private equity rivals, who have since tried to build up their own insurance businesses.Athene rose 6.3% at 9:40 a.m. in New York trading on Monday. Apollo Announces Second Quarter 2020 Financial Results. Generally, forward-looking statements include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. That could help the insurer’s chances of being included in major stock indexes like the S&P 500. This sale is aligned to GE Capital’s overall strategy to become smaller and simpler, and our commitment to reduce our assets by Jim Belardi, CEO of Athene, said, “This transaction provides us with a unique opportunity to acquire a large, diversified portfolio of high-quality loans with attractive risk-adjusted returns.
Athene floated on the stock market in 2016, less than a decade after it was created by a team led by Apollo co-founder Marc Rowan.
GECAS owns, services or has on order more than 1,850 aircraft (~1,500 fixed wing/ ~350 rotary wing) and serves ~250 customers in over 75 countries from a network of 22 offices around the world. Confidence.
Apollo will acquire approximately 35.5 million common shares of Athene for about $1.55 billion, the companies said in a “By nearly doubling our economic interest in Athene to approximately 35%, we are reinforcing the durability of our relationship, and enhancing the strong alignment between the two companies,” Apollo Co-founder Leon Black said in the statement.Apollo established Athene in 2009 and built it into one of the top fixed-annuity providers in the U.S. Athene Holding Ltd.’s credit rating is bbb/BBB+/BBB+ for A.M. Best, S&P and Fitch, respectively.
In addition, this deal is another great example of the unique benefits of our strategic relationship with PK AirFinance’s team of investment professionals, who primarily focus on originations and syndications as well as underwriting and portfolio management, will transfer to Per Waldelof, president of PK AirFinance, said, “We have a great team of experts with tremendous execution capabilities and a proven ability to deliver results. Discipline.
Rowan will remain on Apollo’s board during his break. In 2016, the insurer raised $1.08 billion in an initial public offering. Apollo gained 0.2%.The insurer allows the private equity firm to collect money from annuity holders -- what’s known as “permanent capital” -- and invest the assets in the credit funds, distressed debt and buyouts for which Apollo is better known. Pledged assets and funds in trust (restricted assets) total $12.7 billion and net reserve liabilities of $114.3 billion as of March 31, 2020.
These are the attributes that set Athene apart and establish us as an industry leader.Our operating subsidiaries’ primary business is issuing, reinsuring and acquiring retirement savings products and similar liabilities through our four distribution channels:With our experienced management team, we have grown from a startup in 2009 to $142.2 billion in total assets, $131.6 billion in liabilities and $9.9 billion in total AHL shareholders' equity.We began operating in 2009 when the burdens of the financial crisis and resulting capital demands caused many companies to exit the retirement market, creating the need for a well-capitalized company with an experienced management team to fill the void.We are relentless when it comes to creating innovative financial solutions and building a strong team to serve our shareholders and policyholders. Apollo … As of 31 December 2019, Athene had total GAAP assets of approximately US$146.9 billion and over 1,200 employees located in offices in the United States and Bermuda.