Athene Holding Ltd
For the period ended Sep 30, 2024. Filed Nov 6, 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.
Sep 30, 2024 · Filed Nov 6, 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 Balance Sheets (unaudited)
| (In millions) | September 30, 2024 | December 31, 2023 |
|---|---|---|
| Assets | ||
| Investments | ||
| Available-for-sale securities, at fair value (amortized cost: 2024 – $174,252 and 2023 – $147,561; allowance for credit losses: 2024 – $677 and 2023 – $590) | $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, at fair value | 58,587 | 44,115 |
| Investment funds | 107 | 109 |
| Policy loans | 320 | 334 |
| Funds withheld at interest (portion at fair value: 2024 – $(2,581) and 2023 – $(3,379)) | 21,231 | 24,359 |
| Derivative assets | 7,529 | 5,298 |
| Short-term investments (portion at fair value: 2024 – $409 and 2023 – $341) | 614 | 341 |
| Other investments (portion at fair value: 2024 – $1,507 and 2023 – $943) | 1,727 | 1,206 |
| Total investments | 257,776 | 213,099 |
| Cash and cash equivalents | 13,587 | 13,020 |
| Restricted cash | 964 | 1,761 |
| Investments in related parties | ||
| Available-for-sale securities, at fair value (amortized cost: 2024 – $18,130 and 2023 – $14,455; allowance for credit losses: 2024 – $1 and 2023 – $1) | 17,897 | 14,009 |
| Trading securities, at fair value | 619 | 838 |
| Equity securities, at fair value | 257 | 318 |
| Mortgage loans, at fair value | 1,345 | 1,281 |
| Investment funds (portion at fair value: 2024 – $1,106 and 2023 – $1,082) | 1,604 | 1,632 |
| Funds withheld at interest (portion at fair value: 2024 – $(530) and 2023 – $(721)) | 5,444 | 6,474 |
| Short-term investments | 812 | 947 |
| Other investments, at fair value | 348 | 343 |
| 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 |
| Assets of consolidated variable interest entities | ||
| Investments | ||
| Trading securities, at fair value (related party: 2024 – $687 and 2023 – $644) | 2,379 | 2,136 |
| Mortgage loans, at fair value (related party: 2024 – $412 and 2023 – $358) | 2,226 | 2,173 |
| Investment funds, at fair value (related party: 2024 – $16,357 and 2023 – $15,425) | 17,135 | 15,927 |
| Other investments, at fair value (related party: 2024 – $101 and 2023 – $80) | 159 | 103 |
| Cash and cash equivalents (restricted cash: 2024 – $10 and 2023 – $0) | 305 | 98 |
| Other assets | 192 | 110 |
| Total assets | $354,966 | $300,579 |
(Continued)
Condensed Consolidated Balance Sheets(Unaudited)
| (In millions) | September 30, 2024 | December 31, 2023 |
|---|---|---|
| Liabilities and Equity | ||
| 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 (related party: 2024 – $23 and 2023 – $9; portion at fair value: 2024 – $1,711 and 2023 – $1,700) | 52,962 | 53,287 |
| Market risk benefits (related party: 2024 – $257 and 2023 – $227) | 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 |
| Other liabilities (related party: 2024 – $3,938 and 2023 – $774) | 7,257 | 2,781 |
| Liabilities of consolidated variable interest entities (related party: 2024 – $461 and 2023 – $513) | 1,363 | 1,115 |
| Total liabilities | 327,855 | 279,344 |
| Commitments and Contingencies (Note 12) | ||
| Equity | ||
| Preferred stock | — | — |
| Common stock | — | — |
| 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 |
(Concluded)
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