Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2020

The following represents our basic and diluted earnings per share (EPS) calculations, which are calculated using unrounded amounts:


	Three months ended September 30, 2020
(In millions, except per share data)	Class A
Net income available to Athene Holding Ltd. common shareholders – basic and diluted	$	622

Basic weighted average shares outstanding	193.1
Dilutive effect of stock compensation plans	4.0
Diluted weighted average shares outstanding	197.1

Earnings per share
Basic	$	3.22
Diluted	$	3.16


	Three months ended September 30, 2019
(In millions, except share and per share data)	Class A		Class B		Class M-1		Class M-2		Class M-3		Class M-4
Net income available to Athene Holding Ltd. common shareholders – basic and diluted	$	227	$	38	$	5	$	1	$	2	$	3

Basic weighted average shares outstanding	151.6		25.4		3.3		0.8		1.0		2.2
Dilutive effect of stock compensation plans	0.4		—		—		—		—		0.3
Diluted weighted average shares outstanding	152.0		25.4		3.3		0.8		1.0		2.5

Earnings per share
Basic	$	1.50	$	1.50	$	1.50	$	1.50	$	1.50	$	1.50
Diluted	$	1.50	$	1.50	$	1.50	$	1.50	$	1.50	$	1.29


	Nine months ended September 30, 2020
(In millions, except share and per share data)	Class A		Class B		Class M-1		Class M-2		Class M-3		Class M-4
Net income (loss) available to Athene Holding Ltd. common shareholders – basic and diluted	$	508	$	(98)	$	(13)	$	(3)	$	(4)	$	(9)

Basic weighted average shares outstanding	182.8		25.4		3.3		0.8		1.0		2.4
Dilutive effect of stock compensation plans	3.1		—		—		—		—		—
Diluted weighted average shares outstanding	185.9		25.4		3.3		0.8		1.0		2.4

Earnings (loss) per share
Basic	$	2.78	$	(3.87)	$	(3.87)	$	(3.87)	$	(3.87)	$	(3.87)
Diluted	$	2.73	$	(3.87)	$	(3.87)	$	(3.87)	$	(3.87)	$	(3.87)


	Nine months ended September 30, 2019
(In millions, except per share data)	Class A		Class B		Class M-1		Class M-2		Class M-3		Class M-4
Net income available to Athene Holding Ltd. common shareholders – basic and diluted	$	1,411	$	228	$	30	$	7	$	9	$	19

Basic weighted average shares outstanding	157.2		25.4		3.3		0.8		1.0		2.2
Dilutive effect of stock compensation plans	0.4		—		—		—		—		0.3
Diluted weighted average shares outstanding	157.6		25.4		3.3		0.8		1.0		2.5

Earnings per share
Basic	$	8.97	$	8.97	$	8.97	$	8.97	$	8.97	$	8.97
Diluted	$	8.95	$	8.97	$	8.97	$	8.97	$	8.97	$	7.77

Shares Excluded from Dilutive Earnings Per Share

The diluted EPS calculations for Class A shares excluded 2.8 million and 32.0 million shares, restricted stock units, options and warrants as of September 30, 2020 and 2019, respectively.