Athene Holding Ltd
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 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
Condensed Consolidated Statements of Income (unaudited)
| Three months ended March 31, | ||
|---|---|---|
| (In millions) | 2024 | 2023 |
| Revenues | ||
| Premiums (related party of $6 and $3 for the three months ended March 31, 2024 and 2023, respectively) | $101 | $96 |
| Product charges (related party of $9 and $10 for the three months ended March 31, 2024 and 2023, respectively) | 238 | 198 |
| Net investment income (related party investment income of $390 and $371 for the three months ended March 31, 2024 and 2023, respectively; and related party investment expense of $289 and $222 for the three months ended March 31, 2024 and 2023, respectively) | 3,292 | 2,407 |
| Investment related gains (losses) (related party of $(40) and $85 for the three months ended March 31, 2024 and 2023, respectively) | 1,677 | 1,065 |
| Other revenues | 2 | 13 |
| Revenues of consolidated variable interest entities | ||
| Net investment income (related party of $11 and $22 for the three months ended March 31, 2024 and 2023, respectively) | 77 | 80 |
| Investment related gains (losses) (related party of $370 and $224 for the three months ended March 31, 2024 and 2023, respectively) | 334 | 201 |
| Total revenues | 5,721 | 4,060 |
| Benefits and expenses | ||
| Interest sensitive contract benefits (related party of $21 and $47 for the three months ended March 31, 2024 and 2023, respectively) | 2,884 | 1,289 |
| Future policy and other policy benefits (related party of $7 and $21 for the three months ended March 31, 2024 and 2023, respectively; and remeasurement (gains) losses of $12 and $2 for the three months ended March 31, 2024 and 2023, respectively) | 543 | 466 |
| Market risk benefits remeasurement (gains) losses (related party of $(14) and $28 for the three months ended March 31, 2024 and 2023, respectively) | (154) | 346 |
| Amortization of deferred acquisition costs, deferred sales inducements and value of business acquired | 207 | 138 |
| Policy and other operating expenses (related party of $(16) and $30 for the three months ended March 31, 2024 and 2023, respectively) | 459 | 435 |
| Total benefits and expenses | 3,939 | 2,674 |
| Income before income taxes | 1,782 | 1,386 |
| Income tax expense | 307 | 163 |
| Net income | 1,475 | 1,223 |
| Less: Net income attributable to noncontrolling interests | 283 | 455 |
| Net income attributable to Athene Holding Ltd. stockholders | 1,192 | 768 |
| Less: Preferred stock dividends | 45 | 47 |
| Net income available to Athene Holding Ltd. common stockholder | $1,147 | $721 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.