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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Investments    
Available-for-sale securities $ 100,966 $ 110,561
Mortgage loans   24,148
Investment funds 11,165 9,866
Derivative assets 2,932 4,387
Cash and cash equivalents 11,172 9,479
Restricted cash 753 796
Accrued investment income (related party: 2022 – $76 and 2021 – $54) 1,086 962
Reinsurance recoverable (portion at fair value: 2022 – $1,580 and 2021 – $1,991) 4,437 4,594
Deferred acquisition costs, deferred sales inducements and value of business acquired 4,890 5,362
Goodwill 4,153 0
Other assets (related party: 2022 – $83 and 2021 – $0) 8,947 1,257
Total assets 234,254 235,149
Liabilities    
Interest sensitive contract liabilities (related party: 2022 – $12,653 and 2021 – $12,948; portion at fair value: 2022 – $6,394 and 2021 – $16,142) 164,571 156,325
Future policy benefits (related party: 2022 – $2,078 and 2021 – $1,853; portion at fair value: 2022 – $1,870 and 2021 – $2,262) 52,478 42,488
Debt 3,279 2,964
Derivative liabilities 1,223 472
Payables for collateral on derivatives and securities to repurchase 6,013 7,044
Other liabilities (related party: 2022 – $219 and 2021 – $936) 2,893 3,214
Total liabilities 230,865 212,968
Commitments and Contingencies (Note 11)
Equity    
Additional paid-in capital 17,586 6,667
Retained earnings (accumulated deficit) (4,074) 11,033
Accumulated other comprehensive income (loss) (related party: 2022 – $(323) and 2021 – $33) (9,787) 2,430
Total Athene Holding Ltd. shareholders’ equity 3,725 20,130
Noncontrolling interests (336) 2,051
Total equity 3,389 22,181
Total liabilities and equity 234,254 235,149
Fair Value    
Liabilities    
Interest sensitive contract liabilities (related party: 2022 – $12,653 and 2021 – $12,948; portion at fair value: 2022 – $6,394 and 2021 – $16,142) 105,039 108,621
Debt 2,586 3,295
Recurring | Fair Value    
Investments    
Restricted cash 753 796
Reinsurance recoverable (portion at fair value: 2022 – $1,580 and 2021 – $1,991) 1,580 1,991
Liabilities    
Interest sensitive contract liabilities (related party: 2022 – $12,653 and 2021 – $12,948; portion at fair value: 2022 – $6,394 and 2021 – $16,142) 6,394 16,142
Future policy benefits (related party: 2022 – $2,078 and 2021 – $1,853; portion at fair value: 2022 – $1,870 and 2021 – $2,262) 1,870 2,262
Derivative liabilities 1,223 472
Variable Interest Entities    
Investments    
Trading securities, at fair value 386 0
Mortgage loans 1,992 2,040
Investment funds 9,494 1,297
Other investments 111 0
Cash and cash equivalents 198 154
Other assets (related party: 2022 – $83 and 2021 – $0) 66 32
Liabilities    
Other liabilities (related party: 2022 – $219 and 2021 – $936) 408 461
Variable Interest Entities | Fair Value    
Investments    
Mortgage loans 366 2,152
Other investments 80  
Variable Interest Entities | Recurring | Fair Value    
Investments    
Trading securities, at fair value 386  
Mortgage loans 1,626 0
Other investments 31 0
Consolidated Entity, excluding Affiliated Entity    
Investments    
Available-for-sale securities 92,011 100,159
Trading securities, at fair value 1,735 2,056
Equity securities (portion at fair value: 2022 – $1,108 and 2021 – $1,170) 1,508 1,170
Mortgage loans 25,218 20,748
Investment funds 133 1,178
Policy loans 358 312
Funds withheld at interest 37,638 43,907
Derivative assets 2,932 4,387
Short-term Investments 264 139
Other investments 855 1,473
Total investments 162,652 175,529
Consolidated Entity, excluding Affiliated Entity | Fair Value    
Investments    
Mortgage loans   21,138
Policy loans 358 312
Funds withheld at interest 41,596 43,125
Short-term Investments 26  
Other investments 713 1,343
Consolidated Entity, excluding Affiliated Entity | Recurring | Fair Value    
Investments    
Available-for-sale securities 92,011 100,159
Trading securities, at fair value 1,735 2,056
Equity securities, at fair value 1,108 1,170
Mortgage loans 25,218 17
Funds withheld at interest (3,958) 782
Derivative assets 2,932 4,387
Short-term Investments 238 139
Other investments 142 130
Related Party    
Investments    
Available-for-sale securities 8,955 10,402
Trading securities, at fair value 898 1,781
Equity securities, at fair value 163 284
Mortgage loans 1,416 1,360
Investment funds 1,538 7,391
Funds withheld at interest 10,675 12,207
Other investments 272 222
Accrued investment income (related party: 2022 – $76 and 2021 – $54) 76 54
Other assets (related party: 2022 – $83 and 2021 – $0) 83 0
Liabilities    
Interest sensitive contract liabilities (related party: 2022 – $12,653 and 2021 – $12,948; portion at fair value: 2022 – $6,394 and 2021 – $16,142) 12,653 12,948
Future policy benefits (related party: 2022 – $2,078 and 2021 – $1,853; portion at fair value: 2022 – $1,870 and 2021 – $2,262) 2,078 1,853
Other liabilities (related party: 2022 – $219 and 2021 – $936) 219 936
Equity    
Accumulated other comprehensive income (loss) (related party: 2022 – $(323) and 2021 – $33) (323) 33
Related Party | Fair Value    
Investments    
Mortgage loans   1,369
Funds withheld at interest 11,804 11,629
Other investments 272 223
Related Party | Recurring | Fair Value    
Investments    
Available-for-sale securities 8,955 10,402
Trading securities, at fair value 898 1,781
Equity securities, at fair value 163 284
Mortgage loans 1,416 0
Funds withheld at interest 1,129 578
Consolidated Entity, Affiliated Entity and VIE Primary Beneficiary    
Investments    
Trading securities, at fair value 223 0
Mortgage loans   231
Investment funds 8,684 1,068
Preference Share, Series A    
Equity    
Preferred stock 0 0
Preference Share, Series B    
Equity    
Preferred stock 0 0
Preference Share, Series C    
Equity    
Preferred stock 0 0
Series D Preferred Stock    
Equity    
Preferred stock 0 0
Common Class A    
Equity    
Common stock 0 0
Investments, excluding investments in Related Party | Recurring | Fair Value    
Investments    
Equity securities, at fair value 1,108 1,170
Short-term Investments $ 238 $ 139