Athene Holding Ltd
For the period ended Jun 30, 2024. Filed Aug 8, 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.
Jun 30, 2024 · Filed Aug 8, 2024
ATHS$23.15-1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income (unaudited)
| Three months ended June 30, | Six months ended June 30, | |||
|---|---|---|---|---|
| (In millions) | 2024 | 2023 | 2024 | 2023 |
| Revenues | ||||
| Premiums (related party of $6 and $5 for the three months ended and $12 and $8 for the six months ended June 30, 2024 and 2023, respectively) | $673 | $9,041 | $774 | $9,137 |
| Product charges (related party of $7 and $10 for the three months ended and $16 and $20 for the six months ended June 30, 2024 and 2023, respectively) | 251 | 207 | 489 | 405 |
| Net investment income (related party investment income of $423 and $419 for the three months ended and $813 and $790 for the six months ended June 30, 2024 and 2023, respectively; and related party investment expense of $304 and $232 for the three months ended and $593 and $454 for the six months ended June 30, 2024 and 2023, respectively) | 3,509 | 2,717 | 6,801 | 5,124 |
| Investment related gains (losses) (related party of $(26) and $(66) for the three months ended and $(66) and $19 for the six months ended June 30, 2024 and 2023, respectively) | (134) | 366 | 1,543 | 1,431 |
| Other revenues | 3 | 7 | 5 | 20 |
| Revenues of consolidated variable interest entities | ||||
| Net investment income (related party of $7 and $5 for the three months ended and $18 and $27 for the six months ended June 30, 2024 and 2023, respectively) | 56 | 55 | 133 | 135 |
| Investment related gains (losses) (related party of $327 and $311 for the three months ended and $697 and $535 for the six months ended June 30, 2024 and 2023, respectively) | 306 | 293 | 640 | 494 |
| Total revenues | 4,664 | 12,686 | 10,385 | 16,746 |
| Benefits and expenses | ||||
| Interest sensitive contract benefits (related party of $(13) and $57 for the three months ended and $8 and $104 for the six months ended June 30, 2024 and 2023, respectively) | 1,824 | 2,012 | 4,708 | 3,301 |
| Future policy and other policy benefits (related party of $7 and $14 for the three months ended and $14 and $35 for the six months ended June 30, 2024 and 2023, respectively; and remeasurement (gains) losses of $(5) and $(8) for the three months ended and $7 and $(6) for the six months ended June 30, 2024 and 2023, respectively) | 1,095 | 9,512 | 1,638 | 9,978 |
| Market risk benefits remeasurement (gains) losses (related party of $(1) and $2 for the three months ended and $(15) and $30 for the six months ended June 30, 2024 and 2023, respectively) | (16) | (71) | (170) | 275 |
| Amortization of deferred acquisition costs, deferred sales inducements and value of business acquired | 227 | 153 | 434 | 291 |
| Policy and other operating expenses (related party of $17 and $31 for the three months ended and $1 and $61 for the six months ended June 30, 2024 and 2023, respectively) | 507 | 452 | 966 | 887 |
| Total benefits and expenses | 3,637 | 12,058 | 7,576 | 14,732 |
| Income before income taxes | 1,027 | 628 | 2,809 | 2,014 |
| Income tax expense | 161 | 133 | 468 | 296 |
| Net income | 866 | 495 | 2,341 | 1,718 |
| Less: Net income attributable to noncontrolling interests | 237 | 54 | 520 | 509 |
| Net income attributable to Athene Holding Ltd. stockholders | 629 | 441 | 1,821 | 1,209 |
| Less: Preferred stock dividends | 46 | 45 | 91 | 92 |
| Net income available to Athene Holding Ltd. common stockholder | $583 | $396 | $1,730 | $1,117 |
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