Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

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 June 30,				Six months ended June 30,
(In millions)	2021		2020		2021		2020
Retirement Services	$	2,690	$	1,589	$	6,327	$	4,058
Corporate and Other	539		446		577		116
Non-operating adjustments
Change in fair values of derivatives and embedded derivatives – index annuities, net of offsets	1,092		754		1,585		(917)
Investment gains (losses), net of offsets	685		1,246		(172)		(439)
Noncontrolling interests, VIE expenses and other adjustments to revenues	1,417		363		2,497		31
Total revenues	$	6,423	$	4,398	$	10,814	$	2,849

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 June 30,				Six months ended June 30,
(In millions)	2021		2020		2021		2020
Retirement Services	$	634	$	208	$	1,418	$	412
Corporate and Other	366		282		330		(30)
Non-operating adjustments
Investment gains (losses), net of offsets	517		775		(88)		(364)
Change in fair values of derivatives and embedded derivatives – index annuities, net of offsets	(68)		(405)		420		(340)
Integration, restructuring and other non-operating expenses	(11)		(9)		(56)		(13)
Stock-based compensation, excluding LTIP	(1)		—		(1)		(10)
Income tax (expense) benefit – non-operating	(55)		(27)		(63)		104
Net income (loss) available to Athene Holding Ltd. common shareholders	$	1,382	$	824	$	1,960	$	(241)

Total Assets by Segment

The following represents total assets by segment:

(In millions)	June 30, 2021		December 31, 2020
Retirement Services	$	209,081	$	197,295
Corporate and Other	6,468		5,476
Total assets	$	215,549	$	202,771

Revenue from External Customers by Geographic Areas

Deposits and premiums by the geographical location are as follows:

	Six months ended June 30,				Years ended December 31,
(In millions)	2021		2020		20201		20191
United States	$	12,614	$	10,384	$	19,187	$	16,614
Bermuda	3,520		27,536		35,692		1,893
Total premiums and deposits, net of ceded	$	16,134	$	37,920	$	54,879	$	18,507
1 Previously reported amounts have been revised to correct a misstatement, which was not material, in the classification between the United States and Bermuda geographical locations.