Core Viewpoint - Athene has appointed Grant Kvalheim as the new Chief Executive Officer, effective July 1, 2025, as part of a leadership transition aligned with its five-year growth plan [1][3]. Leadership Changes - Grant Kvalheim, a 14-year veteran of Athene, will take over as CEO, having previously served as President [1][4]. - Jim Belardi, co-founder of Athene, has been named Executive Chairman and will continue as Chief Investment Officer [1]. - Mike Downing and Sean Brennan have been elevated to Co-Presidents of Athene USA, with Downing also serving as Chief Operating Officer and Brennan as Chief Commercial Officer [2][5]. Strategic Focus - The leadership appointments are part of Athene's strategy to capitalize on market opportunities and drive growth, particularly in response to the growing retirement crisis in the U.S. [3][4]. - Kvalheim emphasized the need for guaranteed lifetime income and plans to expand market share and innovation [4]. Company Background - Athene is a leading retirement services company with over $380 billion in total assets as of March 31, 2025, and operates in the U.S., Bermuda, Canada, and Japan [7]. - The company focuses on providing financial security through retirement income and savings products, as well as serving corporate clients [7].

Core Insights - Asure Software has announced a strategic partnership with PensionBee to enhance retirement savings solutions for employees of Asure's payroll and HR clients [1][2][3] - The collaboration aims to simplify the process of rolling over 401(k) and IRA accounts into a single, manageable retirement savings plan [1][2] - This partnership aligns with Asure's mission to provide big-company benefits to small and mid-sized organizations, promoting financial wellness [2][3] Company Overview - Asure Software (NASDAQ: ASUR) specializes in cloud-based Human Capital Management (HCM) software solutions, offering services such as HR, payroll, and benefits administration [5] - PensionBee (LON: PBEE) is a digital-first retirement provider managing approximately $8 billion in assets and serving over 275,000 customers globally [6] Partnership Details - The partnership allows employees to consolidate their retirement accounts into a streamlined account, enhancing the management and growth of their savings [2][4] - Asure's marketplace partnership with PensionBee is designed to democratize financial wellness, making retirement savings solutions accessible to smaller enterprises [3][4]

Core Viewpoint - Athene Holding Ltd. will redeem all outstanding shares of its 6.375% Fixed-Rate Reset Perpetual Non-Cumulative Preferred Stock, Series C, along with the corresponding depositary shares on June 30, 2025 [1][2]. Group 1: Redemption Details - The Series C Preferred Stock will be redeemed on the upcoming dividend payment date, with all 24,000,000 depositary shares being redeemed [2]. - The redemption price for the depositary shares is set at $25.00 per share, equivalent to $25,000 per share of Series C Preferred Stock [3]. - No further dividends will be declared or paid following the redemption date, and the regular quarterly dividend will be paid separately to holders of record on June 15, 2025 [3]. Group 2: Company Overview - Athene is a leading retirement services company with over $380 billion in total assets as of March 31, 2025, and operates in the United States, Bermuda, Canada, and Japan [5]. - The company focuses on providing financial security through a range of retirement income and savings products, also serving as a solutions provider to corporations [5].

Core Viewpoint - Athene Holding Ltd. has declared preferred stock dividends for its non-cumulative preferred stock, which will be payable on June 30, 2025, to holders of record as of June 15, 2025 [1]. Company Overview - Athene is a leading retirement services company with over $380 billion in total assets as of March 31, 2025, and operates in the United States, Bermuda, Canada, and Japan [3]. - The company focuses on providing financial security through a range of retirement income and savings products, and also serves as a solutions provider to corporations [3]. Dividend Details - The quarterly dividend for Series A Preferred Stock is $396.875 per share, translating to $0.396875 per depositary share [4]. - The quarterly dividend for Series B Preferred Stock is $351.5625 per share, translating to $0.3515625 per depositary share [4]. - The quarterly dividend for Series C Preferred Stock is $398.4375 per share, translating to $0.3984375 per depositary share [4]. - The quarterly dividend for Series D Preferred Stock is $304.6875 per share, translating to $0.3046875 per depositary share [4]. - The quarterly dividend for Series E Preferred Stock is $484.375 per share, translating to $0.484375 per depositary share [4]. Stock Listings - Depositary shares for Series A, B, C, D, and E Preferred Stocks are listed on the New York Stock Exchange under the ticker symbols "ATHPrA," "ATHPrB," "ATHPrC," "ATHPrD," and "ATHPrE," respectively [2].

Financial Data and Key Metrics Changes - The company generated record fee-related earnings (FRE) of $559 million, representing a 21% increase year over year [6][44] - Spread-related earnings (SRE) excluding notable items were $826 million, with adjusted net income of $1.1 billion or $1.82 per share [5][45] - Assets under management (AUM) increased by 17% year over year to $785 billion, with record inflows of $43 billion in the quarter [6][34] Business Line Data and Key Metrics Changes - The credit business showed strong performance with origination of $56 billion, a nearly 30% growth year over year [31] - Private equity fund performance was highlighted, with Fund 10 achieving a net IRR of 19%, significantly outperforming industry peers [15] - In retirement services, the company raised $26 billion in the first quarter, driven by strong demand for guaranteed income products [18][38] Market Data and Key Metrics Changes - The company noted a tightening of BBB corporate spreads below 100 basis points, a level not seen since 1998 [12] - The equity market saw significant concentration, with 10 stocks in the S&P 500 accounting for 40% of the index [11] - The company experienced increased competition in retail sales of fixed annuities, despite tighter spreads [17] Company Strategy and Development Direction - The company emphasized a focus on origination as a source of excess return, willing to reduce leverage and wait for favorable market conditions [8][10] - The strategy includes a pivot towards private assets, with expectations of increased demand from traditional asset managers [22][24] - The company is actively pursuing partnerships with traditional asset managers to integrate private assets into their offerings [88][90] Management's Comments on Operating Environment and Future Outlook - Management described the current market as volatile but expressed confidence in the company's positioning and ability to navigate challenges [27][41] - The outlook for the company remains positive, with expectations of continued strong performance in capital formation and asset origination [34][40] - Management acknowledged potential headwinds from competitive pressures and interest rate changes but remains focused on long-term growth [47][60] Other Important Information - The company announced the acquisition of Bridge Investment Group for approximately $1.5 billion, expected to enhance its real estate capabilities [49] - The company has $64 billion of dry powder available for investment, positioning it well for future opportunities [14] Q&A Session Summary Question: Can you break down the lower SRE and the conditions that could make you less conservative? - Management explained that they underwrite based on spread and ROE, with a focus on maintaining a mid-teens ROE. They are currently prioritizing cash and lower-risk assets to prepare for wider spreads in the future [55][61] Question: How are flows in the AAA channel and the durability of April flows? - Management reported strong momentum in the wealth channel, with AAA flows remaining stable and a positive outlook for the rest of the year [67][68] Question: What is the outlook for institutional demand amid market volatility? - Management expressed optimism about institutional demand, noting that they have historically under-earned their fair share and see significant opportunities for growth [72][78] Question: How does the company view the potential backlash from foreign LPs reducing allocations to U.S. markets? - Management acknowledged the risk but emphasized that the U.S. capital markets remain essential for global funding needs, suggesting that Apollo is well-positioned to navigate these dynamics [102][104]

Core Insights - GROUPIRA, Inc. has launched a new service feature that enhances the efficiency of the automatic rollover process for Third-Party Administrators (TPAs) by prepopulating required participant rollover forms [1][2] - The GROUPIRA 6.0 enhancement simplifies the rollover process by automatically filling in essential participant data, reducing administrative burden and minimizing errors [2][3] - This innovation allows TPAs to process rollovers faster and with greater accuracy, improving overall operational efficiency [2][3] Company Commitment - GROUPIRA is dedicated to providing cutting-edge solutions that enhance the efficiency of automatic rollovers and plan terminations, allowing TPAs to focus on higher-value services [3] - The launch of this feature reflects GROUPIRA's ongoing commitment to innovation within the retirement industry, enabling TPAs and their plan sponsor clients to optimize workflows [3] Company Overview - GROUPIRA, Inc. is a pioneering financial technology company focused on bringing the benefits of 401(k) plans to IRA investors [4]

Core Insights - Athene Holding Ltd. has appointed Louis-Jacques (LJ) Tanguy as Executive Vice President and Chief Financial Officer, effective March 1, 2025 [1][3] Company Overview - Athene is a leading retirement services company with over $360 billion in total assets as of December 31, 2024, and operates in the United States, Bermuda, Canada, and Japan [4] - The company focuses on providing financial security through a range of retirement income and savings products, and also serves as a solutions provider to corporations [4] Leadership Background - LJ Tanguy has over 25 years of extensive accounting and financial experience, previously serving as Chief Accounting Officer for Apollo since early 2022 [2] - His prior experience includes 13 years at Deutsche Bank as a Managing Director and roles at Merrill Lynch Japan Securities and Société Générale [2] Strategic Vision - The CEO of Athene, Jim Belardi, expressed confidence in Tanguy's ability to support the company's growth and innovation, highlighting his successful leadership in previous roles [3] - Tanguy himself expressed excitement about contributing to Athene's continued growth and collaborating with colleagues to achieve future objectives [3]