Athene Holding Ltd.
For the period ended Jun 30, 2025. Filed Aug 7, 2025.
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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, 2025 · Filed Aug 7, 2025
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) | 2025 | 2024 | 2025 | 2024 |
| Revenues | ||||
| Premiums | $107 | $673 | $234 | $774 |
| Product charges | 274 | 251 | 539 | 489 |
| Net investment income (related party investment income of $562 and $423 for the three months ended and $1,005 and $813 for the six months ended June 30, 2025 and 2024, respectively; and related party investment expense of $383 and $304 for the three months ended and $754 and $593 for the six months ended June 30, 2025 and 2024, respectively) | 4,429 | 3,509 | 8,420 | 6,801 |
| Investment related gains (losses) (related party of $(21) and $(26) for the three months ended and $44 and $(66) for the six months ended June 30, 2025 and 2024, respectively) | (5) | (134) | (833) | 1,543 |
| Other revenues | 6 | 3 | 10 | 5 |
| Revenues of consolidated variable interest entities | ||||
| Net investment income (related party of $19 and $7 for the three months ended and $34 and $18 for the six months ended June 30, 2025 and 2024, respectively) | 80 | 56 | 157 | 133 |
| Investment related gains (losses) (related party of $473 and $327 for the three months ended and $994 and $697 for the six months ended June 30, 2025 and 2024, respectively) | 468 | 306 | 1,018 | 640 |
| Total revenues | 5,359 | 4,664 | 9,545 | 10,385 |
| Benefits and expenses | ||||
| Interest sensitive contract benefits (related party of $(61) and $(13) for the three months ended and $(94) and $8 for the six months ended June 30, 2025 and 2024, respectively) | 3,428 | 1,824 | 4,922 | 4,708 |
| Future policy and other policy benefits (related party of $5 and $7 for the three months ended and $10 and $14 for the six months ended June 30, 2025 and 2024, respectively; and remeasurement (gains) losses of $(19) and $(5) for the three months ended and $(60) and $7 for the six months ended June 30, 2025 and 2024, respectively) | 527 | 1,095 | 1,068 | 1,638 |
| Market risk benefits remeasurement (gains) losses (related party of $(3) and $(1) for the three months ended and $12 and $(15) for the six months ended June 30, 2025 and 2024, respectively) | (111) | (16) | 274 | (170) |
| Amortization of deferred acquisition costs, deferred sales inducements and value of business acquired | 292 | 227 | 559 | 434 |
| Policy and other operating expenses (related party of $72 and $17 for the three months ended and $144 and $1 for the six months ended June 30, 2025 and 2024, respectively) | 571 | 507 | 1,136 | 966 |
| Total benefits and expenses | 4,707 | 3,637 | 7,959 | 7,576 |
| Income before income taxes | 652 | 1,027 | 1,586 | 2,809 |
| Income tax expense (benefit) | (34) | 161 | 141 | 468 |
| Net income | 686 | 866 | 1,445 | 2,341 |
| Less: Net income attributable to noncontrolling interests | 222 | 237 | 516 | 520 |
| Net income attributable to Athene Holding Ltd. stockholders | 464 | 629 | 929 | 1,821 |
| Less: Preferred stock dividends | 45 | 46 | 90 | 91 |
| Add: Preferred stock redemption | 84 | — | 84 | — |
| Net income available to Athene Holding Ltd. common stockholder | $503 | $583 | $923 | $1,730 |
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