Sector: Insurance
Selective Insurance Group 4.60% Non-Cumulative Preferred Stock, Series B
Athene Holding LTD 4.875% Fixed-Rate Perpetual Non-Cumulative Preference Shares
Watford Holdings LTD 8.50% Cumulative Redeemable Preference Shares
9,065,200 shares were sold in a private placement on 3/31/2014 with a coupon of 8.5%. Coupon is fixed at 8.50% until 6/30/2019 at which point shares float at 3 month Libor plus a spread of 6.6785%. IF 3 month libor is BELOW 1% then 1% will be used as the libor floor.
The company redeemed 6,919,998 shares on 7/2/2019
Assurant Inc. 5.25% Subordinated Notes DUE 2061
Brighthouse Financial Inc. 5.375% Non-Cumulative Preferred Stock, Series C
Affiliated Managers Group Inc. 4.75% Junior Subordinated Notes due 9/30/2060
We may defer interest payments on the Notes on one or more occasions for up to 20 consecutive quarterly periods per deferral period as described in this prospectus supplement. Deferred interest payments will accrue additional interest at a rate equal to the interest rate then applicable to the Notes, compounded quarterly, to the extent permitted by applicable law.
Brighthouse Financial 6.75% Non-Cumulative Preferred Stock, Series B
WR Berkley Corporation 4.25% Subordinated Debentures Due 2060
Interest may be deferred on one or more occasions for up to 5 consecutive years. Interest will continue to accrue.
Prudential Financial 4.125% Junior Subordinated Notes due 2060
Athene 6.375% Fixed-Rate Reset Perpetual Non-Cumulative Preference Shares, Series C
The coupon will be fixed until 9/30/2025 at 6.375% after which point the rate will be reset at a rate of the 5 year treasury plus a spread of 5.97%–reset every 5 years.
Argo Group 7.00% Resettable Fixed Rate Preference Shares
Coupon will be fixed at 7% until 8/15/2025 after which the coupon will reset at the rate of the 5 year treasury plus a spread of 6.721%. To be reset every 5 years thereafter
American Equity Investment Life Holding Company 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series B
The coupon will be fixed until 9 /1/2025 at 6.625% after which point the rate will be reset at the 5 year treasury plus a spread of 6.297% and there after reset every 5 years
American Financial Group Inc. 5.625% Subordinated Debentures due 2060
The company has the right to defer interest payments for up to 5 years one or more times without causing a default. Interest will accrue.
MetLife Inc. 4.75% Non-Cumulative Preferred Stock, Series F
WR Berkley Corporation 5.10% Subordinated Debentures Due 2059
Interest may be deferred on one or more occasions for up to 5 consecutive years. Interest will continue to accrue.
AXA Equitable Holdings Inc. 5.25% Fixed Rate Noncumulative Perpetual Preferred Stock, Series A
Name changed–now is just Equitable Holdings
American Equity Investment Life Holding Company 5.95% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series A
The coupon will be fixed until 12/1/2024 at 5.95% after which point the rate will be reset at the 5 year treasury plus a spread of 4.322% and there after reset every 5 years
Allstate Corporation 4.75% Fixed Rate Noncumulative Perpetual Preferred Stock, Series I
May only be redeemed on a dividend payment date
Aegon Funding Company LLC 5.10% Subordinated Notes Due 2049
Callable only on a interest payment date
Athene Holding LTD 5.625% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series B
Aspen Insurance Holdings Limited 5.625% Perpetual Non-Cumulative Preference Shares
May only be redeemed on a dividend payment date
Aspen Insurance Holdings was acquired by Apollo Global in 2/2019 and as such is no longer a publicly traded company. The ‘parent ticker’ shown below is for sorting purposes only.
Allstate Corporation 5.10% Fixed Rate Noncumulative Perpetual Preferred Stock, Series H
May only be redeemed on a dividend payment date
Athene Holding LTD 6.35% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares Series A
The coupon will be fixed until 6/30/2029 at 6.35% after which point the rate will be reset at a rate of 3 month Libor plus a spread of 4.253%, reset quarterly
Conifer Holdings Inc. 6.75% Senior Unsecured Notes due 2023