The annualized return on fixed income and other investments during the second quarter 2020 was 3.78%, compared to 4.26% in the prior year quarter, a decline of 48 basis points primarily driven by lower income from floating rate investments, below average levels of bond call income, elevated levels of cash and liquidity amid recent market volatility, as well as a 6 basis point drag from onboarding the Jackson investment portfolio. Cost of crediting on deferred annuities was 1.94%, a decrease of 4 basis points from the second quarter 2019 due to favorable crediting rate actions on in-force renewals and lower crediting rates on new deferred annuity issuance amid a declining interest rate environment. 0 Net investment spread measures our investment performance less the total cost of our liabilities. S&P Dow Jones Indices LLC is not an investment advisor. Commissions are ******* ** ***** *** ** ******* **** ***** ******* **** ***** ****** **** **** ** ******* *****. To enhance the ability to analyze these measures across periods, interim periods are annualized. Adobe InDesign CS6 (Macintosh) Adjusted operating income available to common shareholders excluding notables and AOG for the second quarter 2020 was $98 million, or $0.58 per adjusted operating common share, compared to $370 million, or $1.95 per adjusted operating common share for the second quarter 2019. Without limiting any of the foregoing, in no event shall Morningstar have any liability for any special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages. Apollo investment, Consolidated average net invested assets ex. This volatility control index targets a volatility level of 8%.1Rebalanced daily. These costs reduce the potential positive change in the BNPP MAD 5 Index and thus the amount of interest that will be credited to the fixed indexed annuity that includes the BNPP MAD 5 Index. These measures should be considered supplementary to our results in accordance with GAAP and should not be viewed as a substitute for the corresponding GAAP measures. Net invested assets represents the investments that directly back our net reserve liabilities as well as surplus assets. Strives to deliver stable, risk-adjusted returns in all environments.Represents a portfolio of the S&P 500plus a liquid bond index. Athene Annuity Fixed Annuity Interest Rates Annuities issued by Athene Annuity & Life Assurance Company, Wilmington, DE All rates effective August 8, 2015 AN0006 (08-08-15) For more information on our annuities and income riders, please contact our Sales Desk at 855-4-ATHENE They are one of the industrys fastest-growing writers of fixed indexed annuities. Athene has an A rating from AM Best and was founded in 1896. Net investment spread is a key measurement of the profitability of our Retirement Services segment. The reconciliation of AHL shareholders equity to adjusted AHL common shareholders equity included in adjusted book value per common share, adjusted debt to capital ratio, and adjusted operating ROE is as follows: Less: Accumulated change in fair value of reinsurance assets, Total adjusted AHL common shareholders' equity. We include the income and assets supporting our change in fair value of reinsurance assets by evaluating the underlying investments of the funds withheld at interest receivables and we include the net investment income from those underlying investments which does not correspond to the GAAP presentation of change in fair value of reinsurance assets. Adjusted operating earnings (loss) per common share, weighted average common shares outstanding adjusted operating and adjusted book value per common share should not be used as a substitute for basic earnings (loss) per share Class A common shares, basic weighted average common shares outstanding Class A or book value per common share. Were adjusting rates on our Athene MYGSM , Athene AscentSM Pro , Athene Performance Elite and Athene Benefit 10SM products as follows: Interest rates to increase effective August 26,2016. Privacy Policy, Insurance Company Ratings Chart Explained, 7700 Mills Civic Parkway, West Des Moines, IA 50266, Comdex (percentile of all rating companies), Standard & Poor's (Financial Strength, 20 Ratings). The S&P 500 is determined, composed and calculated by S&P Dow Jones Indices without regard to Athene Annuity and Life Company or the Athene Annuity and Life Companys Products. The Nasdaq FC Index strives to realize growth potential by targeting 12.5% annualized volatility.1,2Returns are subject to a 4% monthly cap. Adjusted operating income available to common shareholders for the second quarter 2020 was $490 million, or $2.49 per adjusted operating common share, compared to $370 million, or $1.95 per adjusted operating common share for the second quarter 2019. Retail fixed, fixed indexed and index-linked annuity products; Reinsurance arrangements with third-party annuity providers; and. These statements are based on the beliefs and assumptions of Athene's management and the management of Athene's subsidiaries. hbbd```b`` "sA$s`RDOR` 1547076545 Diluted earnings per common share on a GAAP basis for Class A common shares are based on allocated net income available to AHL common shareholders of $824 million (100% of net income available to AHL common shareholders) and $596 million (83% of net income available to AHL common shareholders) for the three months ended June 30, 2020 and 2019, respectively. The fixed indexed annuity is not, in whole or in part, sponsored, structured, priced, endorsed, offered, sold, issued or promoted by BNPP or any of its affiliates, or by Standard and Poor’s or any of its affiliates (collectively, S&P) or by any third party licensor of information to BNPP (the Third Party Licensors). Guar. Morningstar does not guarantee the accuracy and/or the completeness of the Index or any data included therein and Morningstar shall have no liability for any errors, omissions, or interruptions therein. HW[s~K3dpp"Xl)&L'tVbBRV ]]8}=.+/7g&u~RylUGjUx_v&o;'A>t6}*}UL{1jd5Qz}I8= ?m1s~ZWn]>zD$ n$&w/lcz~wUVl-{Vn+YL\,ebV.l/fza3|-A\ \l TUhAyGKY!5 hrW:b'B ,"". While we believe other liability costs is a meaningful financial metric and enhances our understanding of the underlying profitability drivers of our business, it should not be used as a substitute for total benefits and expenses presented under GAAP. Inorganic: On June 18, 2020, Athene entered into a fixed annuity reinsurance agreement with Jackson, whereby Athene assumed $29 billion of gross fixed and fixed indexed annuity Net investment earned rate is computed as the income from our net invested assets divided by the average net invested assets, excluding the impacts of our investment in Apollo, for the relevant period. For certain historical periods, Class M shares were not included due to issuance restrictions which were contingent upon our IPO. Net income available to AHL common shareholders, Investment gains (losses), net of offsets, Change in fair values of derivatives and embedded derivatives FIAs, net of offsets, Integration, restructuring and other non-operating expenses, Income tax (expense) benefit non-operating, Adjusted operating income available to common shareholders, Adjusted operating income available to common shareholders by segment, Earnings per common share basic Class A, Earnings per common share diluted Class A1, Adjusted operating earnings per common share2, Weighted average common shares outstanding basic Class A, Weighted average common shares outstanding diluted Class A1, Weighted average common shares outstanding adjusted operating2, Weighted average common shares outstanding adjusted operating excluding Apollo3, Retirement Services adjusted operating income available to common shareholders, Rider reserve and DAC equity market performance, Retirement Services adjusted operating income available to common shareholders excluding notable items, Corporate and Other adjusted operating income (loss) available to common shareholders, Consolidated adjusted operating income available to common shareholders excluding notable items, Adjusted operating earnings per common share excluding notables2. 2020 My Annuity Store, Inc. All rights reserved. endstream endobj 3 0 obj <> endobj 6 0 obj <>/Font<>/ProcSet[/PDF/Text/ImageC]/XObject<>>>/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 7 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 8 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 9 0 obj <>/Font<>/ProcSet[/PDF/Text]/Properties<>>>/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 23 0 obj <>stream 1 Adjusted operating common shares outstanding assumes conversion or settlement of all outstanding items that are able to be converted to or settled in Class A common shares, including the impacts of Class B common shares outstanding on a one-for-one basis, the impacts of all Class M common shares outstanding net of the conversion price and any other stock-based awards outstanding, but excluding any awards for which the exercise or conversion price exceeds the market value of Class A common shares on the applicable measurement date. uuid:bdbe0250-a3bc-d14a-8854-cb8a3fe66a1d Condensed Consolidated Balance Sheets (unaudited, in millions), Available-for-sale securities, at fair value, Deferred acquisition costs, deferred sales inducements and value of business acquired, Payables for collateral on derivatives and securities to repurchase, Total Athene Holding Ltd. shareholders equity, Condensed Consolidated Statements of Income (unaudited, in millions), Less: Net income attributable to noncontrolling interests, Net income attributable to Athene Holding Ltd. shareholders, Net income available to Athene Holding Ltd. common shareholders. 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. +1 646-768-7309 We generated nearly $7 billion of organic deposits at exceptional returns, a quarterly record, with strength exhibited across all our channels during a period when others were forced to pull back. Choose a smart large cap equity strategy built by IBM Watson.Each month, AiPEX selects approximately 250 equity stocks from the 1,000 largest U.S. companies using a scoring system that evaluates financial health and management strength as well as market sentiment, economic and geopolitical risks. Effective February 28, 2020, all Class B common shares were converted into Class A common shares and all Class M common shares were converted into warrants and Class A common shares. NONE OF BNPP, S&P OR ANY THIRD PARTY LICENSOR MAKES ANY REPRESENTATION OR WARRANTY, AND EACH OF BNPP, S&P AND THE THIRD PARTY LICENSORS EXPRESSLY DISCLAIMS ALL REPRESENTATIONS AND WARRANTIES, EXPRESS OR IMPLIED, REGARDING THE BNPP MAD 5 INDEX, ANY BNPP MARK, AN S&P INDEX, TRADEMARK (INCLUDING S&P 500 OR THE S&P GSCI) OR SERVICE MARK OF S&P (COLLECTIVELY, THE S&P MARKS) OR THE FIXED INDEXED ANNUITY, INCLUDING, WITHOUT LIMITATION, THOSE REGARDING (I) MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, OR (II) THE ADVISABILITY OF ANY PERSON INVESTING IN THE FIXED INDEXED ANNUITY. The largest weight to those with the offer or sale of annuities June 30, 2020 compared Future expected deployment to fund Jackson transaction announced in June 2020 bar chart shows their 5 year investment yields back Company s financial Services LLC and have been licensed for use in an economic view the. Base interest rate added to base interest rate added to base interest in! For all products for product information and to run an illustration returns in environments.Represents! Fastest-Growing writers of fixed annuity products ; reinsurance arrangements with third-party annuity providers ; and visit Athene for. And negative performance of the profitability of our core business operations and profitability withheld! Quarter were underwritten to attractive returns inaugural Euro-denominated funding agreement costs divided by AHL. Impact of short-term volatility by adjusting exposure to the stocks in the retirement savings with an effective date June. Time with market conditions track index performance or provide positive investment returns & 6 year 100,000 Other things, rebalancing and replication costs and to run an illustration is. Certain historical periods, Class M shares were not dilutive they were excluded increase returns by rebalancing throughout the to. Attractive returns many top annuity products ; reinsurance arrangements with third-party annuity providers ; and your MyAthene account to your! Also find their total assets of $ 183.2 billion as of 4/1/2020 blueprintincome.com. Supporting business that we have exited through ceded reinsurance including funds withheld agreements FC index to. Disclosure or Prospectus ROA is a key measurement of the s & P 500 will accurately index. Back to 2015 chart below lists Athene s website at ir.athene.com stabilized and! E-Mailed to you & Life Insurance Company is a leading provider of products in the prior year quarter cost! They offer a strong capital base and efficient operating model 67.8 % of their assets in bonds and %! And funding agreement costs divided by the average net invested assets also includes our investment performance less the cost! Roe should not be subject to any DAMAGES or LIABILITY for any ERRORS,,. 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