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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Investments    
Available-for-sale securities $ 128,559 $ 112,225
Investment funds 15,868 14,128
Derivative assets 5,114 3,309
Cash and cash equivalents 10,601 7,779
Restricted cash 2,203 628
Accrued investment income (related party: 2023 – $154 and 2022 – $105) 1,646 1,328
Reinsurance recoverable (portion at fair value: 2023 – $1,436 and 2022 – $1,388) 4,236 4,358
Deferred acquisition costs, deferred sales inducements and value of business acquired 5,166 4,466
Goodwill 4,065 4,058
Other assets (related party: 2023 – $189 and 2022 – $161) 7,914 8,693
Total assets 269,437 243,931
Liabilities    
Interest sensitive contract liabilities (related party: 2023 – $10,877 and 2022 – $11,889; portion at fair value: 2023 – $9,052 and 2022 – $6,670) 184,359 173,616
Future policy benefits 50,284 42,110
Market risk benefits 3,195 2,970
Debt 3,642 3,658
Derivative liabilities 1,753 1,646
Payables for collateral on derivatives and securities to repurchase 9,845 6,707
Other liabilities (related party: 2023 – $597 and 2022 – $564) 1,936 1,860
Total liabilities 256,203 233,382
Commitments and Contingencies (Note 14)
Equity    
Preferred stock 0 0
Common stock 0 0
Additional paid-in capital 18,162 18,119
Retained deficit (3,085) (3,640)
Accumulated other comprehensive loss (related party: 2023 – $(126) and 2022 – $(167)) (6,376) (7,321)
Total Athene Holding Ltd. shareholders’ equity 8,701 7,158
Noncontrolling interests 4,533 3,391
Total equity 13,234 10,549
Total liabilities and equity 269,437 243,931
Variable Interest Entities    
Investments    
Trading securities, at fair value 1,720 1,063
Mortgage loans 2,113 2,055
Investment funds 14,109 12,480
Other investments 100 101
Cash and cash equivalents 122 362
Other assets (related party: 2023 – $189 and 2022 – $161) 120 112
Liabilities    
Other liabilities (related party: 2023 – $597 and 2022 – $564) 1,189 815
Consolidated Entity, excluding Affiliated Entity    
Investments    
Available-for-sale securities 115,152 102,404
Trading securities, at fair value 1,628 1,595
Equity securities (portion at fair value: 2023 – $896 and 2022 – $1,087) 1,296 1,487
Mortgage loans 34,668 27,454
Investment funds 123 79
Policy loans 336 347
Funds withheld at interest 27,844 32,880
Derivative assets 5,114 3,309
Short-term Investments 650 2,160
Other investments 741 773
Total investments 187,552 172,488
Related Party    
Investments    
Available-for-sale securities 13,407 9,821
Trading securities, at fair value 867 878
Equity securities, at fair value 313 279
Mortgage loans 1,296 1,302
Investment funds 1,636 1,569
Funds withheld at interest 9,017 9,808
Short-term Investments 891 0
Other investments 343 303
Accrued investment income (related party: 2023 – $154 and 2022 – $105) 154 105
Other assets (related party: 2023 – $189 and 2022 – $161) 189 161
Liabilities    
Interest sensitive contract liabilities (related party: 2023 – $10,877 and 2022 – $11,889; portion at fair value: 2023 – $9,052 and 2022 – $6,670) 10,877 11,889
Future policy benefits 1,321 1,353
Market risk benefits 210  
Other liabilities (related party: 2023 – $597 and 2022 – $564) 597 564
Equity    
Accumulated other comprehensive loss (related party: 2023 – $(126) and 2022 – $(167)) $ (126) $ (167)