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Segment Information (Tables)
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Reconciliation of Segment Operating Revenues to Consolidation

The table below reconciles segment adjusted operating revenues to total revenues presented on the consolidated statements of income:
 
Years ended December 31,
(In millions)
2019
 
2018
 
2017
Retirement Services
$
11,460

 
$
8,118

 
$
5,960

Corporate and Other
117

 
44

 
368

Non-operating adjustments
 
 
 
 
 
Change in fair values of derivatives and embedded derivatives – index annuities, net of offsets
2,346

 
(1,020
)
 
1,990

Investment gains (losses), net of offsets
1,685

 
(515
)
 
461

VIE expenses and noncontrolling interests
637

 
1

 

Other adjustments to revenues
13

 
9

 
9

Total revenues
$
16,258

 
$
6,637

 
$
8,788


Reconciliation of Segment Operating Income to Consolidation
The table below reconciles segment adjusted operating income available to common shareholders to net income available to Athene Holding Ltd. common shareholders presented on the consolidated statements of income:
 
Years ended December 31,
(In millions)
2019
 
2018
 
2017
Retirement Services
$
1,322

 
$
1,201

 
$
1,038

Corporate and Other
(33
)
 
(61
)
 
17

Non-operating adjustments
 
 
 
 
 
Investment gains (losses), net of offsets
994

 
(274
)
 
199

Change in fair values of derivatives and embedded derivatives – index annuities, net of offsets
(65
)
 
242

 
230

Integration, restructuring and other non-operating expenses
(70
)
 
(22
)
 
(68
)
Stock-based compensation, excluding LTIP
(12
)
 
(11
)
 
(33
)
Income tax (expense) benefit – non-operating

 
(22
)
 
(25
)
Net income available to Athene Holding Ltd. common shareholders
$
2,136

 
$
1,053

 
$
1,358



Reconciliation of Segment Net Investment Income The table below reconciles segment provision for income taxes – operating to income tax expense presented on the consolidated statements of income:
 
Years ended December 31,
(In millions)
2019
 
2018
 
2017
Retirement Services
$
117

 
$
100

 
$
83

Corporate and Other

 

 
(2
)
Income tax (expense) benefit – non-operating

 
22

 
25

Income tax expense (benefit)
$
117

 
$
122

 
$
106


The table below reconciles segment net investment earnings to net investment income presented on the consolidated statements of income:
 
Years ended December 31,
(In millions)
2019
 
2018
 
2017
Retirement Services
$
5,062

 
$
4,188

 
$
3,241

Corporate and Other
117

 
44

 
182

Adjustments to net investment income
 
 
 
 
 
Reinsurance embedded derivative impacts
(680
)
 
(301
)
 
(191
)
Net VIE earnings
(80
)
 
(37
)
 
(77
)
Alternative income (gains) losses
(1
)
 
34

 
20

Noncontrolling interests
61

 

 

Held for trading amortization
43

 
76

 
94

Net investment income
$
4,522

 
$
4,004

 
$
3,269


Total Assets by Segment
The following represents total assets by segment:
 
December 31,
(In millions)
2019
 
2018
Retirement Services
$
143,881

 
$
123,498

Corporate and Other
2,994

 
2,007

Total assets
$
146,875

 
$
125,505