Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

Reconciliation of Segment Operating Revenues to Consolidation

The table below reconciles segment adjusted operating revenues to total revenues presented on the condensed consolidated statements of income:


	Three months ended September 30,				Nine months ended September 30,
(In millions)	2020		2019		2020		2019
Retirement Services	$	1,711	$	4,096	$	5,769	$	9,650
Corporate and Other	(15)		28		101		84
Non-operating adjustments
Change in fair values of derivatives and embedded derivatives – index annuities, net of offsets	637		84		(280)		1,490
Investment gains (losses), net of offsets	468		373		29		1,768
VIE expenses, noncontrolling interests and other adjustments to revenues	474		3		505		10
Total revenues	$	3,275	$	4,584	$	6,124	$	13,002

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 condensed consolidated statements of income:


	Three months ended September 30,				Nine months ended September 30,
(In millions)	2020		2019		2020		2019
Retirement Services	$	361	$	256	$	773	$	918
Corporate and Other	(59)		(13)		(89)		(18)
Non-operating adjustments
Investment gains (losses), net of offsets	346		166		(18)		1,041
Change in fair values of derivatives and embedded derivatives – index annuities, net of offsets	72		(117)		(268)		(201)
Integration, restructuring and other non-operating expenses	—		(34)		(13)		(46)
Stock-based compensation, excluding LTIP	(1)		(3)		(11)		(9)
Income tax (expense) benefit – non-operating	(97)		21		7		19
Net income available to Athene Holding Ltd. common shareholders	$	622	$	276	$	381	$	1,704

Total Assets by Segment

The following represents total assets by segment:


(In millions)	September 30, 2020		December 31, 2019
Retirement Services	$	186,400	$	143,881
Corporate and Other	4,688		2,994
Total assets	$	191,088	$	146,875