Deferred Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired (Tables)
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3 Months Ended |
Mar. 31, 2026 |
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| Insurance [Abstract] |
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| Schedule of Rollforward of DAC |
The following represents a rollforward of DAC and DSI by product, and a rollforward of VOBA. See note 9 for more information on Athene’s products.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended March 31, 2026 | | DAC | | DSI | | VOBA | | Total DAC, DSI and VOBA | | (In millions) | Traditional deferred annuities | | Indexed annuities | | Funding agreements | | Other investment-type and other | | Indexed annuities | | | Balance at December 31, 2025 | $ | 1,471 | | | $ | 3,135 | | | $ | 66 | | | $ | 25 | | | $ | 2,111 | | | $ | 1,826 | | | $ | 8,634 | | | Additions | 142 | | | 204 | | | 6 | | | 12 | | | 151 | | | — | | | 515 | | | | | | | | | | | | | | | | | Amortization | (105) | | | (84) | | | (7) | | | (1) | | | (60) | | | (80) | | | (337) | | | | | | | | | | | | | | | | Balance at March 31, 2026 | $ | 1,508 | | | $ | 3,255 | | | $ | 65 | | | $ | 36 | | | $ | 2,202 | | | $ | 1,746 | | | $ | 8,812 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended March 31, 2025 | | DAC | | DSI | | VOBA | | Total DAC, DSI and VOBA | | (In millions) | Traditional deferred annuities | | Indexed annuities | | Funding agreements | | Other investment-type and other | | Indexed annuities | | | Balance at December 31, 2024 | $ | 1,158 | | | $ | 2,278 | | | $ | 40 | | | $ | 11 | | | $ | 1,476 | | | $ | 2,210 | | | $ | 7,173 | | | Additions | 237 | | | 258 | | | 19 | | | 1 | | | 184 | | | — | | | 699 | | | | | | | | | | | | | | | | | Amortization | (81) | | | (58) | | | (5) | | | — | | | (40) | | | (83) | | | (267) | | | Other | 1 | | | — | | | — | | | — | | | — | | | — | | | 1 | | Balance at March 31, 2025 | $ | 1,315 | | | $ | 2,478 | | | $ | 54 | | | $ | 12 | | | $ | 1,620 | | | $ | 2,127 | | | $ | 7,606 | |
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| Schedule of Rollforward of DSI |
The following represents a rollforward of DAC and DSI by product, and a rollforward of VOBA. See note 9 for more information on Athene’s products.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended March 31, 2026 | | DAC | | DSI | | VOBA | | Total DAC, DSI and VOBA | | (In millions) | Traditional deferred annuities | | Indexed annuities | | Funding agreements | | Other investment-type and other | | Indexed annuities | | | Balance at December 31, 2025 | $ | 1,471 | | | $ | 3,135 | | | $ | 66 | | | $ | 25 | | | $ | 2,111 | | | $ | 1,826 | | | $ | 8,634 | | | Additions | 142 | | | 204 | | | 6 | | | 12 | | | 151 | | | — | | | 515 | | | | | | | | | | | | | | | | | Amortization | (105) | | | (84) | | | (7) | | | (1) | | | (60) | | | (80) | | | (337) | | | | | | | | | | | | | | | | Balance at March 31, 2026 | $ | 1,508 | | | $ | 3,255 | | | $ | 65 | | | $ | 36 | | | $ | 2,202 | | | $ | 1,746 | | | $ | 8,812 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended March 31, 2025 | | DAC | | DSI | | VOBA | | Total DAC, DSI and VOBA | | (In millions) | Traditional deferred annuities | | Indexed annuities | | Funding agreements | | Other investment-type and other | | Indexed annuities | | | Balance at December 31, 2024 | $ | 1,158 | | | $ | 2,278 | | | $ | 40 | | | $ | 11 | | | $ | 1,476 | | | $ | 2,210 | | | $ | 7,173 | | | Additions | 237 | | | 258 | | | 19 | | | 1 | | | 184 | | | — | | | 699 | | | | | | | | | | | | | | | | | Amortization | (81) | | | (58) | | | (5) | | | — | | | (40) | | | (83) | | | (267) | | | Other | 1 | | | — | | | — | | | — | | | — | | | — | | | 1 | | Balance at March 31, 2025 | $ | 1,315 | | | $ | 2,478 | | | $ | 54 | | | $ | 12 | | | $ | 1,620 | | | $ | 2,127 | | | $ | 7,606 | |
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| Schedule of Rollforward of VOBA |
The following represents a rollforward of DAC and DSI by product, and a rollforward of VOBA. See note 9 for more information on Athene’s products.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended March 31, 2026 | | DAC | | DSI | | VOBA | | Total DAC, DSI and VOBA | | (In millions) | Traditional deferred annuities | | Indexed annuities | | Funding agreements | | Other investment-type and other | | Indexed annuities | | | Balance at December 31, 2025 | $ | 1,471 | | | $ | 3,135 | | | $ | 66 | | | $ | 25 | | | $ | 2,111 | | | $ | 1,826 | | | $ | 8,634 | | | Additions | 142 | | | 204 | | | 6 | | | 12 | | | 151 | | | — | | | 515 | | | | | | | | | | | | | | | | | Amortization | (105) | | | (84) | | | (7) | | | (1) | | | (60) | | | (80) | | | (337) | | | | | | | | | | | | | | | | Balance at March 31, 2026 | $ | 1,508 | | | $ | 3,255 | | | $ | 65 | | | $ | 36 | | | $ | 2,202 | | | $ | 1,746 | | | $ | 8,812 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended March 31, 2025 | | DAC | | DSI | | VOBA | | Total DAC, DSI and VOBA | | (In millions) | Traditional deferred annuities | | Indexed annuities | | Funding agreements | | Other investment-type and other | | Indexed annuities | | | Balance at December 31, 2024 | $ | 1,158 | | | $ | 2,278 | | | $ | 40 | | | $ | 11 | | | $ | 1,476 | | | $ | 2,210 | | | $ | 7,173 | | | Additions | 237 | | | 258 | | | 19 | | | 1 | | | 184 | | | — | | | 699 | | | | | | | | | | | | | | | | | Amortization | (81) | | | (58) | | | (5) | | | — | | | (40) | | | (83) | | | (267) | | | Other | 1 | | | — | | | — | | | — | | | — | | | — | | | 1 | | Balance at March 31, 2025 | $ | 1,315 | | | $ | 2,478 | | | $ | 54 | | | $ | 12 | | | $ | 1,620 | | | $ | 2,127 | | | $ | 7,606 | |
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