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Athene Holding’s subsidiary, Athene USA has launched a fixed indexed annuity (FIA), Athene AccuMax, offering three different options to get exposure to the market. Athene AccuMax has been issued by Athene Annuity and Life Company, a subsidiary of Athene.
AccuMax offers single-term, multi-year crediting strategies, attractive Participation Rates and protection from losses due to market downturns. It sets all crediting rates at issue and guarantees them for the Withdrawal Charge Period.
It provides the ability to create a legacy. The beneficiaries are guaranteed an amount greater than the annuity’s Interim Value or Minimum Guaranteed Contract Value. The newly launched fixed indexed annuity is developed for long-term savers who are looking for index-driven growth potential as an alternative to traditional fixed income alternatives. AccuMax has been launched to optimise long-term Retirement Savings.
This launch is intended to boost the Retirement Services segment of the life insurer, Athene Holding. This segment has contributed a lion’s share to the company’s total revenues. This segment primarily comprises insurance and reinsurance operations in the United States and Bermuda, where it offers a broad array of retirement savings as well as institutional products.
This segment has reinsurance operations that reinsures fixed indexed annuity. The insurer’s compelling portfolio of capital efficient products and addition of reinsurance partners are expected to provide improved retirement solutions, which in turn will fuel the company’s premium income.
Shares of Athene have gained 130.2% in the past year compared with the industry’s 50% rally. Persistent focus on organic and inorganic channels, strategic relationship with Apollo, along with effective capital deployment measures should help it maintain the momentum. Athene currently carries a Zacks Rank #2 (Buy).
Sun Life Financial’s bottom line surpassed estimates in each of the last four quarters, with the average being 18.2%.
Primerica’s bottom line surpassed estimates in three of the last four quarters and missed once, with the average surprise being 8.4%.
Alleghany’s bottom line surpassed estimates in two of the last four quarters and missed on the other two occasions, with the average surprise being 34.1%.
5G Revolution: 3 Stocks to Make Your Move
With super high data speed, it will make current cell phones obsolete and unlock the full potential of big data, cloud computing, and artificial intelligence. In the next few years this industry is predicted to create 22 million jobs and a stunning $12.3 trillion in revenue.
Today you have an historic chance to pursue almost unimaginable gains like Microsoft, Netflix, and Apple in their early phases. Zacks has released a Special Report that reveals our . . .
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Athene (ATH) Introduces Fixed Indexed Annuity Athene AccuMax
Athene Holding’s subsidiary, Athene USA has launched a fixed indexed annuity (FIA), Athene AccuMax, offering three different options to get exposure to the market. Athene AccuMax has been issued by Athene Annuity and Life Company, a subsidiary of Athene.
AccuMax offers single-term, multi-year crediting strategies, attractive Participation Rates and protection from losses due to market downturns. It sets all crediting rates at issue and guarantees them for the Withdrawal Charge Period.
It provides the ability to create a legacy. The beneficiaries are guaranteed an amount greater than the annuity’s Interim Value or Minimum Guaranteed Contract Value. The newly launched fixed indexed annuity is developed for long-term savers who are looking for index-driven growth potential as an alternative to traditional fixed income alternatives. AccuMax has been launched to optimise long-term Retirement Savings.
This launch is intended to boost the Retirement Services segment of the life insurer, Athene Holding. This segment has contributed a lion’s share to the company’s total revenues. This segment primarily comprises insurance and reinsurance operations in the United States and Bermuda, where it offers a broad array of retirement savings as well as institutional products.
This segment has reinsurance operations that reinsures fixed indexed annuity. The insurer’s compelling portfolio of capital efficient products and addition of reinsurance partners are expected to provide improved retirement solutions, which in turn will fuel the company’s premium income.
Shares of Athene have gained 130.2% in the past year compared with the industry’s 50% rally. Persistent focus on organic and inorganic channels, strategic relationship with Apollo, along with effective capital deployment measures should help it maintain the momentum. Athene currently carries a Zacks Rank #2 (Buy).
Other Stocks to Consider
Other top-ranked stocks from the insurance industry include Sun Life Financial (SLF - Free Report) , Primerica, Inc. (PRI - Free Report) and Alleghany Corporation , each carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Sun Life Financial’s bottom line surpassed estimates in each of the last four quarters, with the average being 18.2%.
Primerica’s bottom line surpassed estimates in three of the last four quarters and missed once, with the average surprise being 8.4%.
Alleghany’s bottom line surpassed estimates in two of the last four quarters and missed on the other two occasions, with the average surprise being 34.1%.
5G Revolution: 3 Stocks to Make Your Move
With super high data speed, it will make current cell phones obsolete and unlock the full potential of big data, cloud computing, and artificial intelligence. In the next few years this industry is predicted to create 22 million jobs and a stunning $12.3 trillion in revenue.
Today you have an historic chance to pursue almost unimaginable gains like Microsoft, Netflix, and Apple in their early phases. Zacks has released a Special Report that reveals our . . .
Download now. Today the report is FREE >>