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Condensed Consolidated Statements of Income (Loss) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Premiums Earned, Net $ 5,614 $ 1,598 $ 7,724 $ 4,609
Insurance Commissions and Fees 175 157 341 307
Net Investment Income 1,726 2,017 3,409 3,686
Gain (Loss) on Investments (5,763) 2,592 (9,963) 2,170
Other Income (9) 20 (12) 34
Total revenues 1,795 6,423 1,526 10,814
Benefits and expenses        
Interest Sensitive Contract Benefits Expense (621) 1,979 (662) 2,373
Amortization of deferred sales inducements 0 22 0 106
Policyholder Benefits and Claims Incurred, Net 5,609 1,950 7,694 5,267
Amortization of deferred acquisition costs and value of business acquired 125 230 250 394
Other Cost and Expense, Operating 358 252 693 545
Total benefits and expenses 5,471 4,433 7,975 8,685
Income (loss) before income taxes (3,676) 1,990 (6,449) 2,129
Income tax expense (benefit) (484) 184 (891) 246
Net income (loss) (3,192) 1,806 (5,558) 1,883
Less: Net income (loss) attributable to noncontrolling interests (1,072) 389 (1,955) (148)
Net income (loss) attributable to Athene Holding Ltd. shareholders (2,120) 1,417 (3,603) 2,031
Less: Preferred stock dividends 35 35 70 71
Net income (loss) available to Athene Holding Ltd. common shareholder (2,155) 1,382 (3,673) 1,960
Variable Interest Entities        
Revenues        
Net Investment Income 30 21 47 56
Gain (Loss) on Investments 22 18 (20) (48)
Consolidated Entity Excluding Variable Interest Entities (VIE)        
Revenues        
Net Investment Income     3,409 3,686
Gain (Loss) on Investments     (9,963) 2,170
Consolidated Entity, Affiliated Entity and VIE Primary Beneficiary        
Revenues        
Gain (Loss) on Investments $ 59 $ 0 $ 59 $ 0