Bermuda-based Athene Annuity & Life Assurance Company (Athene Annuity) has completed the acquisition of US-based Presidential Life, which markets and sells various fixed annuity, life insurance and accident and health insurance products. ...
Tags: Athene Annuity, Presidential Life, annuity, life insurance
Presidential Life has received stockholders approval for merger with Athene Annuity & Life Assurance Company, which is a retail fixed and index annuity sales and reinsurance provider. Athene had inked an acquisition agreement with ...
Tags: Presidential Life, Service, Athene Annuity
Presidential Life has posted 18.7% decline in total revenues for the second quarter of 2012, which stood at $60.4m, compared to $74.3m during the corresponding period earlier fiscal. The underwriter attributed the decrease of $13.9m in ...
Tags: Presidential Life, decline, total revenues
Presidential Life Corporation, an affiliate of the American Financial Group has acquired Great American Life Assurance (GALAC) for $7.04m in cash. Great American Life Assurance's $5.6m in statutory capital and surplus, comprises of cash, ...
Tags: Presidential Life Corporation, insurance company, life insurance
Presidential Life has reported a net income of $5.2m or $0.18 per share for the third quarter of 2012, against a net income of $2.9m or $0.10 per share during the same period last fiscal. Income before income taxes stood at $7.9m, with an ...
Tags: net income, Presidential Life, third quarter, taxes
Presidential Life and Athene have inked a definitive agreement for an Athene subsidiary to acquire Presidential Life for $14 per share in cash, in lieu of an aggregate purchase price of nearly $415m. In pursuant of the terms of the merger ...
Tags: Presidential Life and Athene, Presidential Life, acquisition