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Quarterly Results of Operations (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
The unaudited quarterly results of operations for the years ended December 31, 2016 and 2015 are summarized in the table below and have been adjusted for the impacts of revision discussed in Note 1 – Business, Basis of Presentation and Significant Accounting Policies:
 
Three months ended
(In millions, except per share data)
March 31
 
June 30
 
September 30
 
December 31
2016
 
 
 
 
 
 
 
Total revenues
$
722

 
$
1,045

 
$
1,272

 
$
1,066

Total benefits and expenses
637

 
837

 
1,234

 
681

Net income
85

 
193

 
126

 
364

Net income available to Athene Holding Ltd. shareholders
85

 
193

 
126

 
364

 
 
 
 
 
 
 
 
Earnings per share
 
 
 
 
 
 
 
Basic – Classes A, B and M-11
$
0.46

 
$
1.04

 
$
0.68

 
$
1.92

Diluted – Class A
0.46

 
1.04

 
0.68

 
1.78

Diluted – Class B
0.46

 
1.04

 
0.68

 
1.92

Diluted – Class M-1
N/A

 
N/A

 
N/A

 
0.46

 
 
 
 
 
 
 
 
2015
 
 
 
 
 
 
 
Total revenues
$
803

 
$
544

 
$
224

 
$
1,047

Total benefits and expenses
639

 
416

 
148

 
825

Net income
158

 
101

 
76

 
243

Net income available to Athene Holding Ltd. shareholders
142

 
101

 
76

 
243

 
 
 
 
 
 
 
 
Earnings per share
 
 
 
 
 
 
 
Basic – Classes A and B
$
0.99

 
$
0.54

 
$
0.41

 
$
1.31

Diluted – Class A
0.99

 
0.54

 
0.41

 
1.31

Diluted – Class B
0.99

 
0.54

 
0.41

 
1.31

Diluted – Class M-1
N/A

 
N/A

 
N/A

 
N/A

 
 
 
 
 
 
 
 
N/A – Not applicable. Refer to Note 13  Earnings Per Share for further discussion.
1 Basic earnings per Class M-1 share was applicable only for the three months ended December 31, 2016. Refer to Note 13  Earnings Per Share for further discussion.