Segment Information (Tables)

3 Months Ended

Mar. 31, 2021

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 (loss):


	Three months ended March 31,
(In millions)	2021		2020
Retirement Services	$	3,637	$	2,469
Corporate and Other	38		(330)
Non-operating adjustments
Change in fair values of derivatives and embedded derivatives – index annuities, net of offsets	493		(1,671)
Investment gains (losses), net of offsets	(857)		(1,685)
Noncontrolling interests, VIE expenses and other adjustments to revenues	1,080		(332)
Total revenues	$	4,391	$	(1,549)

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 (loss):


	Three months ended March 31,
(In millions)	2021		2020
Retirement Services	$	784	$	204
Corporate and Other	(36)		(312)
Non-operating adjustments
Investment gains (losses), net of offsets	(605)		(1,139)
Change in fair values of derivatives and embedded derivatives – index annuities, net of offsets	488		65
Integration, restructuring and other non-operating expenses	(45)		(4)
Stock-based compensation, excluding LTIP	—		(10)
Income tax (expense) benefit – non-operating	(8)		131
Net income (loss) available to Athene Holding Ltd. common shareholders	$	578	$	(1,065)

Total Assets by Segment

The following represents total assets by segment:


(In millions)	March 31, 2021		December 31, 2020
Retirement Services	$	200,093	$	197,295
Corporate and Other	5,577		5,476
Total assets	$	205,670	$	202,771