Athene Holding Ltd
For the period ended Dec 31, 2024. Filed Feb 24, 2025.
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FY2024 · Filed Feb 24, 2025
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) | 2024 | 2023 |
| Assets | ||
| Investments | ||
| Available-for-sale securities, at fair value (amortized cost: 2024 – $180,716 and 2023 – $147,561; allowance for credit losses: 2024 – $708 and 2023 – $590) | $165,364 | $134,338 |
| Trading securities, at fair value | 1,583 | 1,706 |
| Equity securities (portion at fair value: 2024 – $1,290 and 2023 – $935) | 1,290 | 1,293 |
| Mortgage loans, at fair value | 63,239 | 44,115 |
| Investment funds | 107 | 109 |
| Policy loans | 318 | 334 |
| Funds withheld at interest (portion at fair value: 2024 – $(3,035) and 2023 – $(3,379)) | 18,866 | 24,359 |
| Derivative assets | 8,154 | 5,298 |
| Short-term investments (portion at fair value: 2024 – $255 and 2023 – $341) | 447 | 341 |
| Other investments (portion at fair value: 2024 – $1,606 and 2023 – $943) | 2,915 | 1,206 |
| Total investments | 262,283 | 213,099 |
| Cash and cash equivalents | 12,733 | 13,020 |
| Restricted cash | 943 | 1,761 |
| Investments in related parties | ||
| Available-for-sale securities, at fair value (amortized cost: 2024 – $19,531 and 2023 – $14,455; allowance for credit losses: 2024 – $1 and 2023 – $1) | 19,127 | 14,009 |
| Trading securities, at fair value | 573 | 838 |
| Equity securities, at fair value | 234 | 318 |
| Mortgage loans, at fair value | 1,297 | 1,281 |
| Investment funds (portion at fair value: 2024 – $1,139 and 2023 – $1,082) | 1,853 | 1,632 |
| Funds withheld at interest (portion at fair value: 2024 – $(615) and 2023 – $(721)) | 5,050 | 6,474 |
| Short-term investments | 743 | 947 |
| Other investments, at fair value | 331 | 343 |
| Accrued investment income (related party: 2024 – $193 and 2023 – $166) | 2,816 | 1,933 |
| Reinsurance recoverable (related party: 2024 – $4,309 and 2023 – $0; portion at fair value: 2024 – $1,661 and 2023 – $1,367) | 8,194 | 4,154 |
| Deferred acquisition costs, deferred sales inducements and value of business acquired | 7,173 | 5,979 |
| Goodwill | 4,063 | 4,065 |
| Other assets (related party: 2024 – $203 and 2023 – $189) | 11,253 | 10,179 |
| Assets of consolidated variable interest entities | ||
| Investments | ||
| Trading securities, at fair value (related party: 2024 – $711 and 2023 – $644) | 2,301 | 2,136 |
| Mortgage loans, at fair value (related party: 2024 – $384 and 2023 – $358) | 2,579 | 2,173 |
| Investment funds, at fair value (related party: 2024 – $16,986 and 2023 – $15,425) | 17,765 | 15,927 |
| Other investments (related party: 2024 – $86 and 2023 – $80; portion at fair value: 2024 – $107 and 2023 – $103) | 884 | 103 |
| Cash and cash equivalents (restricted cash: 2024 – $10 and 2023 – $0) | 583 | 98 |
| Other assets | 565 | 110 |
| Total assets | $363,343 | $300,579 |
(Continued)
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| (In millions, except per share data) | 2024 | 2023 |
| Liabilities and Equity | ||
| Liabilities | ||
| Interest sensitive contract liabilities (related party: 2024 – $6,678 and 2023 – $8,599; portion at fair value: 2024 – $11,984 and 2023 – $9,893) | $253,637 | $204,670 |
| Future policy benefits (related party: 2024 – $25 and 2023 – $9; portion at fair value: 2024 – $1,640 and 2023 – $1,700) | 49,902 | 53,287 |
| Market risk benefits (related party: 2024 – $239 and 2023 – $227) | 4,028 | 3,751 |
| Debt | 6,309 | 4,209 |
| Derivative liabilities | 3,556 | 1,995 |
| Payables for collateral on derivatives and securities to repurchase | 11,652 | 7,536 |
| Other liabilities (related party: 2024 – $4,707 and 2023 – $774) | 6,745 | 2,781 |
| Liabilities of consolidated variable interest entities (related party: 2024 – $374 and 2023 – $513) | 1,640 | 1,115 |
| Total liabilities | 337,469 | 279,344 |
| Commitments and Contingencies (Note 16) | ||
| Equity | ||
| Preferred stock | ||
| Series A – par value $1 per share; $863 aggregate liquidation preference; authorized, issued and outstanding: 2024 and 2023 – 0.0 shares | — | — |
| Series B – par value $1 per share; $345 aggregate liquidation preference; authorized, issued and outstanding: 2024 and 2023 – 0.0 shares | — | — |
| Series C – par value $1 per share; $600 aggregate liquidation preference; authorized, issued and outstanding: 2024 and 2023 – 0.0 shares | — | — |
| Series D – par value $1 per share; $575 aggregate liquidation preference; authorized, issued and outstanding: 2024 and 2023 – 0.0 shares | — | — |
| Series E – par value $1 per share; $500 aggregate liquidation preference; authorized, issued and outstanding: 2024 and 2023 – 0.0 shares | — | — |
| Common stock – par value $0.001 per share; authorized: 2024 and 2023 – 425.0 shares; issued and outstanding: 2024 and 2023 – 203.8 shares | — | — |
| Additional paid-in capital | 19,588 | 19,499 |
| Retained earnings (accumulated deficit) | 2,237 | (92) |
| Accumulated other comprehensive loss (related party: 2024 – $(245) and 2023 – $(357)) | (5,465) | (5,569) |
| Total Athene Holding Ltd. stockholders’ equity | 16,360 | 13,838 |
| Noncontrolling interests | 9,514 | 7,397 |
| Total equity | 25,874 | 21,235 |
| Total liabilities and equity | $363,343 | $300,579 |
(Concluded)
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