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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Investments    
Available-for-sale securities $ 182,582 $ 148,347
Investment funds 18,846 17,668
Derivative assets 7,529 5,298
Restricted cash 964  
Accrued investment income (related party: 2024 – $171 and 2023 – $166) 2,695 1,933
Reinsurance recoverable (related party: 2024 – $3,372 and 2023 – $0; portion at fair value: 2024 – $1,710 and 2023 – $1,367) 7,454 4,154
Deferred acquisition costs, deferred sales inducements and value of business acquired 6,971 5,979
Goodwill 4,071 4,065
Other assets (related party: 2024 – $207 and 2023 – $189) 10,726 10,179
Total assets 354,966 300,579
Liabilities    
Interest sensitive contract liabilities (related party: 2024 – $7,085 and 2023 – $8,599; portion at fair value: 2024 – $12,816 and 2023 – $9,893) 245,436 204,670
Future policy benefits 52,962 53,287
Market Risk Benefits 4,402 3,751
Debt 5,725 4,209
Derivative liabilities 2,758 1,995
Payables for collateral on derivatives and securities to repurchase 7,952 7,536
Total liabilities 327,855 279,344
Commitments and Contingencies (Note 12)
Equity    
Preferred stock 0 0
Common stock 0 0
Additional paid-in capital 19,567 19,499
Retained earnings (accumulated deficit) 1,345 (92)
Accumulated other comprehensive loss (related party: 2024 – $(211) and 2023 – $(357)) (3,467) (5,569)
Total Athene Holding Ltd. stockholders’ equity 17,445 13,838
Noncontrolling interests 9,666 7,397
Total equity 27,111 21,235
Total liabilities and equity 354,966 300,579
Consolidated Entity, excluding Affiliated Entity    
Investments    
Available-for-sale securities 164,685 134,338
Trading securities, at fair value 1,684 1,706
Equity securities (portion at fair value: 2024 – $1,292 and 2023 – $935) 1,292 1,293
Mortgage loans 58,587 44,115
Investment funds 107 109
Policy loans 320 334
Funds withheld at interest 21,231 24,359
Derivative assets 7,529 5,298
Short-term Investments 614 341
Other investments 1,727 1,206
Total investments 257,776 213,099
Consolidated Entity Excluding Variable Interest Entities (VIE)    
Investments    
Cash and cash equivalents 13,587 13,020
Liabilities    
Other liabilities (related party: 2024 – $3,938 and 2023 – $774) 7,257 2,781
Related Party    
Investments    
Available-for-sale securities 17,897 14,009
Trading securities, at fair value 619 838
Equity securities, at fair value 257 318
Mortgage loans 1,345 1,281
Investment funds 1,604 1,632
Funds withheld at interest 5,444 6,474
Short-term Investments 812 947
Other investments 348 343
Accrued investment income (related party: 2024 – $171 and 2023 – $166) 171 166
Reinsurance recoverable (related party: 2024 – $3,372 and 2023 – $0; portion at fair value: 2024 – $1,710 and 2023 – $1,367) 3,372 0
Other assets (related party: 2024 – $207 and 2023 – $189) 207 189
Liabilities    
Interest sensitive contract liabilities (related party: 2024 – $7,085 and 2023 – $8,599; portion at fair value: 2024 – $12,816 and 2023 – $9,893) 7,085 8,599
Future policy benefits 23 9
Market Risk Benefits 257 227
Other liabilities (related party: 2024 – $3,938 and 2023 – $774) 3,938 774
Equity    
Accumulated other comprehensive loss (related party: 2024 – $(211) and 2023 – $(357)) (211) (357)
Variable Interest Entities    
Investments    
Trading securities, at fair value 2,379 2,136
Mortgage loans 2,226 2,173
Investment funds 17,135 15,927
Other investments 159 103
Cash and cash equivalents 305 98
Restricted cash 10 0
Other assets (related party: 2024 – $207 and 2023 – $189) 192 110
Liabilities    
Other liabilities (related party: 2024 – $3,938 and 2023 – $774) $ 1,363 $ 1,115