Athene Holding Ltd
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
ATHS$23.15-1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| (In millions) | 2023 | 2022 |
| Assets | ||
| Investments | ||
| Available-for-sale securities, at fair value (amortized cost: 2023 – $147,561 and 2022 – $120,982; allowance for credit losses: 2023 – $590 and 2022 – $458) | $134,338 | $102,404 |
| Trading securities, at fair value | 1,706 | 1,595 |
| Equity securities (portion at fair value: 2023 – $935 and 2022 – $1,087) | 1,293 | 1,487 |
| Mortgage loans, at fair value | 44,115 | 27,454 |
| Investment funds | 109 | 79 |
| Policy loans | 334 | 347 |
| Funds withheld at interest (portion at fair value: 2023 – $(3,379) and 2022 – $(4,847)) | 24,359 | 32,880 |
| Derivative assets | 5,298 | 3,309 |
| Short-term investments (portion at fair value: 2023 – $341 and 2022 – $520) | 341 | 2,160 |
| Other investments (portion at fair value: 2023 – $943 and 2022 – $611) | 1,206 | 773 |
| Total investments | 213,099 | 172,488 |
| Cash and cash equivalents | 13,020 | 7,779 |
| Restricted cash | 1,761 | 628 |
| Investments in related parties | ||
| Available-for-sale securities, at fair value (amortized cost: 2023 – $14,455 and 2022 – $10,440; allowance for credit losses: 2023 – $1 and 2022 – $1) | 14,009 | 9,821 |
| Trading securities, at fair value | 838 | 878 |
| Equity securities, at fair value | 318 | 279 |
| Mortgage loans, at fair value | 1,281 | 1,302 |
| Investment funds (portion at fair value: 2023 – $1,082 and 2022 – $959) | 1,632 | 1,569 |
| Funds withheld at interest (portion at fair value: 2023 – $(721) and 2022 – $(1,425)) | 6,474 | 9,808 |
| Short-term investments | 947 | — |
| Other investments, at fair value | 343 | 303 |
| Accrued investment income (related party: 2023 – $166 and 2022 – $105) | 1,933 | 1,328 |
| Reinsurance recoverable (portion at fair value: 2023 – $1,367 and 2022 – $1,388) | 4,154 | 4,358 |
| Deferred acquisition costs, deferred sales inducements and value of business acquired | 5,979 | 4,466 |
| Goodwill | 4,065 | 4,058 |
| Other assets (related party: 2023 – $189 and 2022 – $161) | 10,179 | 8,693 |
| Assets of consolidated variable interest entities | ||
| Investments | ||
| Trading securities, at fair value (related party: 2023 – $644 and 2022 – $0) | 2,136 | 1,063 |
| Mortgage loans, at fair value (related party: 2023 – $358 and 2022 – $342) | 2,173 | 2,055 |
| Investment funds, at fair value (related party: 2023 – $15,425 and 2022 – $10,068) | 15,927 | 12,480 |
| Other investments, at fair value (related party: 2023 – $80 and 2022 – $73) | 103 | 101 |
| Cash and cash equivalents | 98 | 362 |
| Other assets | 110 | 112 |
| Total assets | $300,579 | $243,931 |
(Continued)
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| (In millions, except per share data) | 2023 | 2022 |
| Liabilities and Equity | ||
| Liabilities | ||
| Interest sensitive contract liabilities (related party: 2023 – $8,599 and 2022 – $11,889; portion at fair value: 2023 – $9,893 and 2022 – $6,670) | $204,670 | $173,616 |
| Future policy benefits (related party: 2023 – $9 and 2022 – $1,353; portion at fair value: 2023 – $1,700 and 2022 – $1,712) | 53,287 | 42,110 |
| Market risk benefits (related party: 2023 – $227 and 2022 – $195) | 3,751 | 2,970 |
| Debt | 4,209 | 3,658 |
| Derivative liabilities | 1,995 | 1,646 |
| Payables for collateral on derivatives and securities to repurchase | 7,536 | 6,707 |
| Other liabilities (related party: 2023 – $774 and 2022 – $564) | 2,781 | 1,860 |
| Liabilities of consolidated variable interest entities (related party: 2023 – $513 and 2022 – $292) | 1,115 | 815 |
| Total liabilities | 279,344 | 233,382 |
| Commitments and Contingencies (Note 17) | ||
| Equity | ||
| Preferred stock | ||
| Series A – par value $1 per share; $863 aggregate liquidation preference; authorized, issued and outstanding: 2023 and 2022 – 0.0 shares | — | — |
| Series B – par value $1 per share; $345 aggregate liquidation preference; authorized, issued and outstanding: 2023 and 2022 – 0.0 shares | — | — |
| Series C – par value $1 per share; $600 aggregate liquidation preference; authorized, issued and outstanding: 2023 and 2022 – 0.0 shares | — | — |
| Series D – par value $1 per share; $575 aggregate liquidation preference; authorized, issued and outstanding: 2023 and 2022 – 0.0 shares | — | — |
| Series E – par value $1 per share; $500 aggregate liquidation preference; authorized, issued and outstanding: 2023 and 2022 – 0.0 shares | — | — |
| Common stock – par value $0.001 per share; authorized: 2023 and 2022 – 425.0 shares; issued and outstanding: 2023 and 2022 – 203.8 shares | — | — |
| Additional paid-in capital | 19,499 | 18,119 |
| Retained earnings (accumulated deficit) | (92) | (3,640) |
| Accumulated other comprehensive loss (related party: 2023 – $(357) and 2022 – $(167)) | (5,569) | (7,321) |
| Total Athene Holding Ltd. stockholders’ equity | 13,838 | 7,158 |
| Noncontrolling interests | 7,397 | 3,391 |
| Total equity | 21,235 | 10,549 |
| Total liabilities and equity | $300,579 | $243,931 |
(Concluded)
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