Athene Holding reports Q1 adjusted EPS $1.50, consensus $1.72
Reports Q1 revenue $1.01B, consensus $1.26B. "Our business continues to drive 17% compound annual growth in adjusted book value per share," said CEO Jim Belardi. "We are extraordinarily well positioned with a multi-channel distribution platform that provides sustainable and opportunistic growth with very attractive profitability. Given the growing number of opportunities we see to drive long term value creation, we are excited to announce the formation of a strategic, on-demand capital vehicle that will allow us to achieve a variety of business objectives simultaneously, and in a shareholder friendly manner. In recognition of our superior financial performance, market leadership, and improved business diversification, Fitch upgraded the financial strength ratings of Athene's operating companies to 'A' on April 30, 2019. We are now positioned with 'A' ratings from all agencies who cover us, and we look forward to additional ratings upgrades over time. Our increasing presence in the marketplace as an A-rated company will enable us to establish new partnerships and further our position as a financial solutions provider to a broader market."