Fubotv earnings beat by $0.10, revenue topped estimates
In a move to streamline its administrative functions, Athene Holding (NYSE:ATH) Ltd. has changed its registered agent and office, according to a recent 8-K filing with the Securities and Exchange Commission. The life insurance company, listed under the SIC code 6311, has appointed Corporation Service Company as its new registered agent, with the registered office now located at 251 Little Falls Drive, Wilmington, Delaware, 19808.
The change, which took effect on September 3, 2024, was filed with the Secretary of State of the State of Delaware on August 26, 2024. This action amends Article II of Athene Holding's Certificate of Incorporation and has been approved by the company's Board of Directors under the Delaware General Corporation Law.
Athene Holding, headquartered in West Des Moines, Iowa, is known for its various preferred stock offerings and junior subordinated debt instruments traded on the New York Stock Exchange. The company's securities include depositary shares across Series A to E, representing interests in perpetual non-cumulative preferred stocks with varying rates, and junior subordinated debentures due 2064.
The information reported here is based on the press release statement filed with the SEC.
InvestingPro Insights
Athene Holding Ltd ., while making administrative changes, also presents an interesting financial profile according to the latest data from InvestingPro. With a market capitalization of $448.46 million, the company is navigating a complex financial landscape. One notable InvestingPro Tip for Athene Holding is that it is quickly burning through cash, which is a critical factor for investors to consider, especially for a life insurance company that relies on strong liquidity to manage its obligations.
Additionally, the company's revenue growth has been impressive, with a 604.94% increase over the last twelve months as of Q2 2024. However, this growth is contrasted by a significant gross profit margin of -18955.99%, indicating that despite increasing revenues, the company's cost of goods sold far exceeds its sales. This is a crucial metric for investors, as it reflects the company's efficiency in managing its production costs and overall profitability.
Investors should also note that Athene Holding does not pay a dividend to shareholders, as per another InvestingPro Tip. This could influence investment decisions for those seeking regular income streams from their investments. For a more comprehensive analysis, there are additional InvestingPro Tips available, providing deeper insights into Athene Holding's financial health and performance.
For a more in-depth analysis and further InvestingPro Tips, potential investors can visit: https://www.investing.com/pro/ATH.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.