XML 23 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Income (Loss) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Premiums Earned, Net $ 9,041 $ 5,614 $ 9,137 $ 7,724
Insurance Commissions and Fees 207 175 405 341
Net Investment Income 2,717 1,726 5,124 3,409
Investment related gains (losses) 366 (5,751) 1,431 (9,963)
Other Income 7 (9) 20 (12)
Total revenues 12,686 1,807 16,746 1,526
Benefits and expenses        
Interest sensitive contract benefits 2,012 (653) 3,301 (752)
Future policy and other policy benefits 9,512 5,776 9,978 7,960
Market risk benefits remeasurement (gains) losses (71) (609) 275 (1,231)
Amortization of deferred acquisition costs, deferred sales inducements and value of business acquired 153 108 291 206
Policy and other operating expenses 452 357 887 695
Total benefits and expenses 12,058 4,979 14,732 6,878
Income (loss) before income taxes 628 (3,172) 2,014 (5,352)
Income tax expense (benefit) 133 (378) 296 (662)
Net income (loss) 495 (2,794) 1,718 (4,690)
Less: Net income (loss) attributable to noncontrolling interests 54 (1,089) 509 (1,970)
Net income (loss) attributable to Athene Holding Ltd. shareholders 441 (1,705) 1,209 (2,720)
Less: Preferred stock dividends 45 35 92 70
Net income (loss) available to Athene Holding Ltd. common shareholder 396 (1,740) 1,117 (2,790)
Variable Interest Entities        
Revenues        
Net Investment Income 55 30 135 47
Investment related gains (losses) 293 22 494 (20)
Consolidated Entity Excluding Variable Interest Entities (VIE)        
Revenues        
Net Investment Income 2,717 1,726 5,124 3,409
Investment related gains (losses) $ 366 $ (5,751) $ 1,431 $ (9,963)