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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Investments    
Available-for-sale securities $ 102,798 $ 110,561
Mortgage loans   24,148
Investment funds 13,186 9,866
Derivative assets 4,065 4,387
Cash and cash equivalents 9,823 9,479
Restricted cash 1,024 796
Accrued investment income (related party: 2022 – $77 and 2021 – $54) 1,226 962
Reinsurance recoverable (portion at fair value: 2022 – $1,476 and 2021 – $1,991) 4,356 4,594
Deferred acquisition costs, deferred sales inducements and value of business acquired 5,191 5,362
Goodwill 4,058 0
Other assets (related party: 2022 – $88 and 2021 – $0) 10,094 1,257
Total assets 236,700 235,149
Liabilities    
Interest sensitive contract liabilities (related party: 2022 – $12,284 and 2021 – $12,948; portion at fair value: 2022 – $5,850 and 2021 – $16,142) 166,894 156,325
Future policy benefits (related party: 2022 – $2,107 and 2021 – $1,853; portion at fair value: 2022 – $1,769 and 2021 – $2,262) 54,709 42,488
Debt 3,271 2,964
Derivative liabilities 2,222 472
Payables for collateral on derivatives and securities to repurchase 7,015 7,044
Other liabilities (related party: 2022 – $265 and 2021 – $936) 3,054 3,214
Total liabilities 238,566 212,968
Commitments and Contingencies (Note 12)
Equity    
Additional paid-in capital 17,607 6,667
Retained earnings (accumulated deficit) (5,198) 11,033
Accumulated other comprehensive income (loss) (related party: 2022 – $(506) and 2021 – $33) (13,755) 2,430
Total Athene Holding Ltd. shareholders’ equity (deficit) (1,346) 20,130
Noncontrolling interests (520) 2,051
Total equity (deficit) (1,866) 22,181
Total liabilities and equity (deficit) 236,700 235,149
Fair Value    
Liabilities    
Interest sensitive contract liabilities (related party: 2022 – $12,284 and 2021 – $12,948; portion at fair value: 2022 – $5,850 and 2021 – $16,142) 104,556 108,621
Debt 2,427 3,295
Recurring | Fair Value    
Investments    
Restricted cash 1,024 796
Reinsurance recoverable (portion at fair value: 2022 – $1,476 and 2021 – $1,991) 1,476 1,991
Liabilities    
Interest sensitive contract liabilities (related party: 2022 – $12,284 and 2021 – $12,948; portion at fair value: 2022 – $5,850 and 2021 – $16,142) 5,850 16,142
Future policy benefits (related party: 2022 – $2,107 and 2021 – $1,853; portion at fair value: 2022 – $1,769 and 2021 – $2,262) 1,769 2,262
Derivative liabilities 2,222 472
Variable Interest Entities    
Investments    
Trading securities, at fair value 988 0
Equity securities, at fair value 15 0
Mortgage loans 2,000 2,040
Investment funds 11,885 1,297
Other investments 152 0
Cash and cash equivalents 418 154
Other assets (related party: 2022 – $88 and 2021 – $0) 94 32
Liabilities    
Other liabilities (related party: 2022 – $265 and 2021 – $936) 1,401 461
Variable Interest Entities | Fair Value    
Investments    
Mortgage loans 337 2,152
Variable Interest Entities | Recurring | Fair Value    
Investments    
Trading securities, at fair value 988  
Equity securities, at fair value 15  
Mortgage loans 1,663 0
Other investments 152  
Consolidated Entity, excluding Affiliated Entity    
Investments    
Available-for-sale securities 93,593 100,159
Trading securities, at fair value 1,590 2,056
Equity securities (portion at fair value: 2022 – $1,207 and 2021 – $1,170) 1,607 1,170
Mortgage loans 25,145 20,748
Investment funds 29 1,178
Policy loans 353 312
Funds withheld at interest 34,706 43,907
Derivative assets 4,065 4,387
Short-term Investments 318 139
Other investments 682 1,473
Total investments 162,088 175,529
Consolidated Entity, excluding Affiliated Entity | Fair Value    
Investments    
Mortgage loans   21,138
Policy loans 353 312
Funds withheld at interest 39,965 43,125
Short-term Investments 26  
Other investments 16 1,343
Consolidated Entity, excluding Affiliated Entity | Recurring | Fair Value    
Investments    
Available-for-sale securities 93,593 100,159
Trading securities, at fair value 1,590 2,056
Equity securities, at fair value 1,207 1,170
Mortgage loans 25,145 17
Derivative assets 4,065 4,387
Short-term Investments 292 139
Other investments 666 130
Related Party    
Investments    
Available-for-sale securities 9,205 10,402
Trading securities, at fair value 905 1,781
Equity securities, at fair value 340 284
Mortgage loans 1,331 1,360
Investment funds 1,272 7,391
Funds withheld at interest 9,961 12,207
Other investments 274 222
Accrued investment income (related party: 2022 – $77 and 2021 – $54) 77 54
Other assets (related party: 2022 – $88 and 2021 – $0) 88 0
Liabilities    
Interest sensitive contract liabilities (related party: 2022 – $12,284 and 2021 – $12,948; portion at fair value: 2022 – $5,850 and 2021 – $16,142) 12,284 12,948
Future policy benefits (related party: 2022 – $2,107 and 2021 – $1,853; portion at fair value: 2022 – $1,769 and 2021 – $2,262) 2,107 1,853
Other liabilities (related party: 2022 – $265 and 2021 – $936) 265 936
Equity    
Accumulated other comprehensive income (loss) (related party: 2022 – $(506) and 2021 – $33) (506) 33
Related Party | Fair Value    
Investments    
Mortgage loans   1,369
Funds withheld at interest 11,532 11,629
Other investments   223
Related Party | Recurring | Fair Value    
Investments    
Available-for-sale securities 9,205 10,402
Trading securities, at fair value 905 1,781
Equity securities, at fair value 340 284
Mortgage loans 1,331 0
Other investments 274 0
Consolidated Entity, Affiliated Entity and VIE Primary Beneficiary    
Investments    
Trading securities, at fair value 7 0
Mortgage loans 337 231
Investment funds 10,921 1,068
Liabilities    
Other liabilities (related party: 2022 – $265 and 2021 – $936) 794 0
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 1,207 1,170
Short-term Investments $ 292 $ 139