Athene Holding Ltd. 7.250% Fixe(ATHS)Earnings, Financials & Key Ratios

ATHS•NYSE

$24.56

1.7× P/E·Price updated Jul 7, 2026

SectorFinancial Services IndustryAsset Management Sub-IndustryNon-core and special situations vehicles

AboutAthene's offerings can help consumers build outstanding retirements by growing savings and creating a retirement ''paycheck.'' Companies can also use products and methods to protect their customers' and workers' retirement funds.Show more

EBITDA$0
Net Income$2.71B-21.7%
EPS (Diluted)14.14-21.7%
Net Margin10.56%-36.9%
ROE14.71%-25.6%

ATHS Price & Volume

Athene Holding Ltd. 7.250% Fixe (ATHS) stock price & volume — 10-year historical chart

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Accounting Volatility Masks Underlying Insurance Business Economics

Investment Thesis • Updated 2026Q1

VerdictNeutral

Growth:Mixed

Profitability:Strained

Financial:Mixed

Cash Flow:Mixed

Primary Risk:Asset-liability mismatch volatility

Key Thesis Takeaways

Athene Holding's financial profile is characterized by extreme earnings volatility driven by derivative valuations and complex asset-liability management within the Apollo ecosystem.
While the company has successfully transitioned to a zero-debt capital structure as of 2025Q1, the disconnect between GAAP net income and operational cash flow remains a significant concern for long-term investors.
Future performance will likely depend on the sustainability of net investment spreads in private credit markets and the ability to manage liquidity swings that saw cash reserves drop from $207.6 billion in 2025Q4 to $17.9 billion in 2026Q1.

Verdict Logic

while the current P/E of 1.72 suggests potential undervaluation, the extreme volatility in cash flows and reliance on non-operating gains warrant a cautious approach until earnings quality stabilizes.

ATHS Growth Metrics

Athene Holding Ltd. 7.250% Fixe (ATHS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years25.66%

5 Years11.6%

3 Years49.9%

TTM-

Profit CAGR

10 Years17.04%

5 Years11.96%

3 Years-

TTM-91.89%

EPS CAGR

10 Years17.54%

5 Years11.6%

3 Years-

TTM-83.94%

Return on Capital

10 Years2.7%

5 Years5.08%

3 Years10.12%

Last Year-

ATHS Recent Earnings

Athene Holding Ltd. 7.250% Fixe (ATHS) EPS & revenue vs analyst estimates — last 1 quarters

Full history →

●Beat EPS 1/1 qtrs (100%)●Beat Revenue 1/1 qtrs (100%)

Q1 2026Latest

Feb 27, 2026

Metric

Actual

Est

EPS

$2.29+7.0%

$2.14

Rev

$8.1B+399.6%

$1.6B

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 27, 2026	$2.29vs $2.14+7.0%	$8.1Bvs $1.6B+399.6%

Based on last 1 quarters of dataView full earnings history →

Latest ATHS News

Recent stock market news and headlines for Athene Holding Ltd. 7.250% Fixe (ATHS)

Seeking Alpha·Jun 26, 2026

Athene Holding Preferreds Update: Still A Fan Of Series D

Apollo Global Management's Athene Holdings preferred stocks remain attractive, with Series D, ATH.PR.D, is rated as the best Buy among four issues. ATH.PR.D offers the most compelling risk/reward based on yield, call protection, and relative valuation versus peers and other Athene series. ATH preferreds benefit from the financial strength of Apollo Global Management, supporting confidence in creditworthiness and dividend stability.

Peers Comparison

Key metrics vs top competitors for Athene Holding Ltd. 7.250% Fixe (ATHS)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
ATHSAthene Holding Ltd. 7.250% FixeCurrent	$24.56	$5.01B	1.74	24.11%	10.56%	14.71%	3.42%
FGF&G Annuities & Life, Inc.	$28.81	$3.91B	15.32	5.72%	9.11%	11.15%	—
GLGlobe Life Inc.	$176.67	$13.72B	12.57	3.82%	19.37%	20.32%	—
RGAReinsurance Group of America, Incorporated	$230.22	$15.08B	13.01	3.39%	4.98%	9.4%	—
METMetLife, Inc.	$91.67	$59.77B	19.10	10.22%	4.7%	12.72%	—
PRUPrudential Financial, Inc.	$115.47	$40.16B	11.30	-14.01%	5.62%	10.26%	—

Compare ATHS vs Peers

Athene Holding Ltd. 7.250% Fixe (ATHS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs FG

Most directly comparable listed peer for ATHS.

Scale Benchmark

vs BX

Larger-name benchmark to compare ATHS against a more recognizable public peer.

Peer Set

Compare Top 5

vs FG, GL, RGA, MET

ATHS SEC Filings & Documents

Athene Holding Ltd. 7.250% Fixe (ATHS) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 15, 2026·SEC

Material company update

May 7, 2026·SEC

Material company update

May 6, 2026·SEC

10-K Annual Reports

FY 2026

Feb 25, 2026·SEC

FY 2025

Feb 24, 2025·SEC

10-Q Quarterly Reports

FY 2026

May 7, 2026·SEC

FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 7, 2025·SEC

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ATHS Frequently Asked Questions

Athene Holding Ltd. 7.250% Fixe (ATHS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is Athene Holding Ltd. 7.250% Fixe's revenue?

Athene Holding Ltd. 7.250% Fixe (ATHS) reported $25.16B in revenue for fiscal year 2025.

How fast is Athene Holding Ltd. 7.250% Fixe growing?

Athene Holding Ltd. 7.250% Fixe (ATHS) grew revenue by 24.1% over the past year. This is strong growth.

Is ATHS profitable?

Yes, Athene Holding Ltd. 7.250% Fixe (ATHS) is profitable, generating $308.0M in net income for fiscal year 2025 (10.6% net margin).

Dividend & Returns

Does ATHS pay dividends?

Yes, Athene Holding Ltd. 7.250% Fixe (ATHS) pays a dividend with a yield of 3.42%. This makes it attractive for income-focused investors.

What is ATHS's return on equity?

Athene Holding Ltd. 7.250% Fixe (ATHS) has a return on equity (ROE) of 14.7%. This is reasonable for most industries.

What is Athene Holding Ltd. 7.250% Fixe's free cash flow?

Athene Holding Ltd. 7.250% Fixe (ATHS) generated $470.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in ATHS back in 2014?

Total return calculator · dividends reinvested · 12+ years of data

See returns →

Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q1 2026Latest

Feb 27, 2026

$2.29vs $2.14+7.0%

$8.1Bvs $1.6B+399.6%

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

ATHSAthene Holding Ltd. 7.250% FixeCurrent

$24.56

$5.01B

1.74

24.11%

10.56%

14.71%

3.42%

FGF&G Annuities & Life, Inc.

$28.81

$3.91B

15.32

5.72%

9.11%

11.15%

—

GLGlobe Life Inc.

$176.67

$13.72B

12.57

3.82%

19.37%

20.32%

—

RGAReinsurance Group of America, Incorporated

$230.22

$15.08B

13.01

3.39%

4.98%

9.4%

—

METMetLife, Inc.

$91.67

$59.77B

19.10

10.22%

4.7%

12.72%

—

PRUPrudential Financial, Inc.

$115.47

$40.16B

11.30

-14.01%

5.62%

10.26%

—