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Condensed Consolidated Statements of Income (Loss) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Premiums Earned, Net $ 3,045 $ 6,686 $ 10,769 $ 11,295
Insurance Commissions and Fees 184 154 525 461
Net Investment Income 1,843 1,472 5,252 5,158
Gain (Loss) on Investments (2,849) 385 (12,812) 2,555
Other Income (26) 24 (38) 58
Total revenues 2,309 8,724 3,835 19,538
Benefits and expenses        
Interest Sensitive Contract Benefits Expense 89 572 (573) 2,945
Amortization of deferred sales inducements 0 32 0 138
Policyholder Benefits and Claims Incurred, Net 3,294 7,014 10,988 12,281
Amortization of deferred acquisition costs and value of business acquired 125 136 375 530
Other Cost and Expense, Operating 388 250 1,081 795
Total benefits and expenses 3,896 8,004 11,871 16,689
Income (loss) before income taxes (1,587) 720 (8,036) 2,849
Income tax expense (benefit) (210) (50) (1,101) 196
Net income (loss) (1,377) 770 (6,935) 2,653
Less: Net income (loss) attributable to noncontrolling interests (476) 37 (2,431) (111)
Net income (loss) attributable to Athene Holding Ltd. shareholders (901) 733 (4,504) 2,764
Less: Preferred stock dividends 35 35 105 106
Net income (loss) available to Athene Holding Ltd. common shareholder (936) 698 (4,609) 2,658
Variable Interest Entities        
Revenues        
Net Investment Income 33 2 80 58
Gain (Loss) on Investments 79 1 59 (47)
Consolidated Entity Excluding Variable Interest Entities (VIE)        
Revenues        
Net Investment Income     5,252 5,158
Gain (Loss) on Investments     (12,812) 2,555
Consolidated Entity, Affiliated Entity and VIE Primary Beneficiary        
Revenues        
Net Investment Income 15 0 15 0
Gain (Loss) on Investments $ 171 $ 15 $ 230 $ 15