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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Investments    
Available-for-sale securities $ 129,700 $ 112,225
Investment funds 16,818 14,128
Derivative assets 4,571 3,309
Cash and cash equivalents 9,996 7,779
Restricted cash 1,218 628
Accrued investment income (related party: 2023 – $161 and 2022 – $105) 1,792 1,328
Reinsurance recoverable (portion at fair value: 2023 – $1,301 and 2022 – $1,388) 4,058 4,358
Deferred acquisition costs, deferred sales inducements and value of business acquired 5,448 4,466
Goodwill 4,060 4,058
Other assets (related party: 2023 – $184 and 2022 – $161) 8,628 8,693
Total assets 269,763 243,931
Liabilities    
Interest sensitive contract liabilities (related party: 2023 – $9,055 and 2022 – $11,889; portion at fair value: 2023 – $8,084 and 2022 – $6,670) 189,065 173,616
Future policy benefits 46,672 42,110
Market risk benefits 3,021 2,970
Debt 3,634 3,658
Derivative liabilities 1,892 1,646
Payables for collateral on derivatives and securities to repurchase 7,652 6,707
Other liabilities (related party: 2023 – $606 and 2022 – $564) 2,543 1,860
Total liabilities 255,734 233,382
Commitments and Contingencies (Note 14)
Equity    
Preferred stock 0 0
Common stock 0 0
Additional paid-in capital 19,447 18,119
Retained deficit (2,831) (3,640)
Accumulated other comprehensive loss (related party: 2023 – $(427) and 2022 – $(167)) (8,079) (7,321)
Total Athene Holding Ltd. shareholders’ equity 8,537 7,158
Noncontrolling interests 5,492 3,391
Total equity 14,029 10,549
Total liabilities and equity 269,763 243,931
Variable Interest Entities    
Investments    
Trading securities, at fair value 2,133 1,063
Mortgage loans 2,042 2,055
Investment funds 15,090 12,480
Other investments 94 101
Cash and cash equivalents 152 362
Other assets (related party: 2023 – $184 and 2022 – $161) 99 112
Liabilities    
Other liabilities (related party: 2023 – $606 and 2022 – $564) 1,255 815
Consolidated Entity, excluding Affiliated Entity    
Investments    
Available-for-sale securities 115,715 102,404
Trading securities, at fair value 1,592 1,595
Equity securities (portion at fair value: 2023 – $916 and 2022 – $1,087) 1,316 1,487
Mortgage loans 37,978 27,454
Investment funds 124 79
Policy loans 336 347
Funds withheld at interest 25,953 32,880
Derivative assets 4,571 3,309
Short-term Investments 527 2,160
Other investments 947 773
Total investments 189,059 172,488
Related Party    
Investments    
Available-for-sale securities 13,985 9,821
Trading securities, at fair value 871 878
Equity securities, at fair value 304 279
Mortgage loans 1,234 1,302
Investment funds 1,604 1,569
Funds withheld at interest 6,620 9,808
Short-term Investments 949 0
Other investments 327 303
Accrued investment income (related party: 2023 – $161 and 2022 – $105) 161 105
Other assets (related party: 2023 – $184 and 2022 – $161) 184 161
Liabilities    
Interest sensitive contract liabilities (related party: 2023 – $9,055 and 2022 – $11,889; portion at fair value: 2023 – $8,084 and 2022 – $6,670) 9,055 11,889
Future policy benefits 3 1,353
Market risk benefits 183 195
Other liabilities (related party: 2023 – $606 and 2022 – $564) 606 564
Equity    
Accumulated other comprehensive loss (related party: 2023 – $(427) and 2022 – $(167)) $ (427) $ (167)