Athene Holding Ltd.
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
View on SEC.govAbout this filing
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, 2026 · Filed Nov 5, 2026
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, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Investments | ||
| Available-for-sale securities, at fair value (amortized cost: 2026 – $221,065 and 2025 – $202,116; allowance for credit losses: 2026 – $762 and 2025 – $757) | $201,173 | $192,597 |
| Trading securities, at fair value | 5,722 | 6,409 |
| Equity securities, at fair value | 585 | 822 |
| Mortgage loans, at fair value | 99,675 | 91,918 |
| Investment funds | 350 | 108 |
| Policy loans | 288 | 301 |
| Funds withheld at interest (portion at fair value: 2026 – $(2,846) and 2025 – $(2,409)) | 12,414 | 15,413 |
| Derivative assets | 10,950 | 9,190 |
| Short-term investments (portion at fair value: 2026 – $8 and 2025 – $33) | 125 | 175 |
| Other investments (portion at fair value: 2026 – $1,874 and 2025 – $1,818) | 4,395 | 4,148 |
| Total investments | 335,677 | 321,081 |
| Cash and cash equivalents | 17,326 | 14,994 |
| Restricted cash | 1,066 | 1,332 |
| Investments in related parties | ||
| Available-for-sale securities, at fair value (amortized cost: 2026 – $39,091 and 2025 – $26,428) | 38,739 | 26,444 |
| Trading securities, at fair value | 1,257 | 454 |
| Equity securities, at fair value | — | 266 |
| Mortgage loans, at fair value | 1,525 | 1,486 |
| Investment funds (portion at fair value: 2026 – $2,327 and 2025 – $1,318) | 3,291 | 2,149 |
| Funds withheld at interest (portion at fair value: 2026 – $(487) and 2025 – $(356)) | 3,495 | 4,215 |
| Short-term investments | — | 18 |
| Other investments, at fair value | 319 | 344 |
| Accrued investment income (related party: 2026 – $321 and 2025 – $241) | 4,626 | 3,395 |
| Reinsurance recoverable (related party: 2026 – $7,803 and 2025 – $6,336; portion at fair value: 2026 – $1,812 and 2025 – $1,911) | 11,308 | 10,282 |
| Deferred acquisition costs, deferred sales inducements and value of business acquired | 9,598 | 8,634 |
| Goodwill | 4,079 | 4,072 |
| Other assets (related party: 2026 – $334 and 2025 – $284) | 12,189 | 11,950 |
| Assets of consolidated variable interest entities | ||
| Investments | ||
| Trading securities, at fair value (related party: 2026 – $593 and 2025 – $978) | 885 | 3,120 |
| Mortgage loans, at fair value | 1,836 | 2,140 |
| Investment funds (related party: 2026 – $28,747 and 2025 – $23,783; portion at fair value: 2026 – $28,825 and 2025 – $24,070) | 29,034 | 24,070 |
| Other investments | 948 | 844 |
| Cash and cash equivalents (restricted cash: 2026 – $17 and 2025 – $17) | 199 | 569 |
| Other assets (related party: 2026 – $65 and 2025 – $23) | 174 | 346 |
| Total assets | $477,571 | $442,205 |
(Continued)
Condensed Consolidated Balance Sheets(Unaudited)
| (In millions) | September 30, 2026 | December 31, 2025 |
|---|---|---|
| Liabilities and Equity | ||
| Liabilities | ||
| Interest sensitive contract liabilities (related party: 2026 – $4,618 and 2025 – $5,381; portion at fair value: 2026 – $17,091 and 2025 – $15,515) | $354,099 | $315,889 |
| Future policy benefits (portion at fair value: 2026 – $1,474 and 2025 – $1,615) | 45,166 | 50,264 |
| Market risk benefits (related party: 2026 – $266 and 2025 – $290) | 4,668 | 4,930 |
| Debt | 8,813 | 7,848 |
| Derivative liabilities | 6,757 | 5,742 |
| Payables for collateral on derivatives and securities to repurchase | 11,098 | 11,085 |
| Other liabilities (related party: 2026 – $7,538 and 2025 – $6,479) | 17,132 | 9,097 |
| Liabilities of consolidated variable interest entities (related party: 2026 – $113 and 2025 – $235) | 694 | 1,712 |
| Total liabilities | 448,427 | 406,567 |
| Commitments and Contingencies (Note 12) | ||
| Equity | ||
| Preferred stock | — | — |
| Common stock | — | — |
| Additional paid-in capital | 19,372 | 19,238 |
| Retained earnings | 1,082 | 3,895 |
| Accumulated other comprehensive loss (related party: 2026 – $(320) and 2025 – $(112)) | (7,041) | (2,641) |
| Total Athene Holding Ltd. stockholders’ equity | 13,413 | 20,492 |
| Noncontrolling interests | 15,731 | 15,146 |
| Total equity | 29,144 | 35,638 |
| Total liabilities and equity | $477,571 | $442,205 |
(Concluded)
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