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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Other-than-temporary impairment investment losses    
Other-than-temporary impairment losses recognized in other comprehensive income $ (1) $ 12
Total revenues 1,619 722
Benefits and Expenses    
Total benefits and expenses 1,224 634
Income before income taxes 395 88
Income tax expense 22 1
Net income 373 87
Less: Net income attributable to noncontrolling interests 0 0
Net income available to Athene Holding Ltd. shareholders 373 87
Consolidated Entity Excluding Variable Interest Entities (VIE)    
Revenues    
Premiums 52 60
Product charges 81 66
Net investment income 786 692
Investment related gains (losses) 682 (82)
Other-than-temporary impairment investment losses    
Other-than-temporary impairment losses 0 (22)
Other-than-temporary impairment losses recognized in other comprehensive income (1) 12
Net other-than-temporary impairment losses (1) (10)
Other revenues 8 8
Benefits and Expenses    
Interest sensitive contract benefits 696 253
Amortization of deferred sales inducements 18 4
Future policy and other policy benefits 214 224
Amortization of deferred acquisition costs and value of business acquired 108 28
Dividends to policyholders 32 17
Policy and other operating expenses (related party: 2017 – $4 and 2016 – $0) 156 104
Variable Interest Entities    
Revenues    
Net investment income 10 11
Investment related gains (losses) 1 (23)
Benefits and Expenses    
Operating expenses of consolidated variable interest entities 0 4
Common Class A    
Benefits and Expenses    
Net income available to Athene Holding Ltd. shareholders $ 152 $ 23
Earnings per share    
Basic (in USD per share) [1] $ 1.94 $ 0.47
Diluted (in USD per share) $ 1.87 $ 0.47
Common Class B    
Benefits and Expenses    
Net income available to Athene Holding Ltd. shareholders $ 214 $ 64
Earnings per share    
Basic (in USD per share) $ 1.94 $ 0.47 [1]
Diluted (in USD per share) $ 1.94 $ 0.47
Common Class M-1    
Benefits and Expenses    
Net income available to Athene Holding Ltd. shareholders $ 7  
Earnings per share    
Basic (in USD per share) $ 1.94  
Diluted (in USD per share) [1] $ 1.94  
Common Class M-2    
Benefits and Expenses    
Net income available to Athene Holding Ltd. shareholders $ 0  
Earnings per share    
Basic (in USD per share) $ 1.94  
Diluted (in USD per share) [1] $ 0.08  
[1] Basic and diluted earnings per share for Class M-1 and M-2 were applicable only for the three months ended March 31, 2017. Refer to Note 9 – Earnings Per Share for further discussion.