v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Investments    
Available-for-sale securities $ 230,055 $ 219,041
Investment funds 30,317 26,327
Derivative assets 11,034 9,190
Restricted cash 1,583 1,332
Accrued investment income (related party: 2026 – $252 and 2025 – $241) 4,015 3,395
Reinsurance recoverable (related party: 2026 – $7,327 and 2025 – $6,336; portion at fair value: 2026 – $1,920 and 2025 – $1,911) 10,929 10,282
Deferred acquisition costs, deferred sales inducements and value of business acquired 9,279 8,634
Goodwill 4,079 4,072
Other assets (related party: 2026 – $332 and 2025 – $284) 11,411 11,950
Total assets 472,879 442,205
Liabilities    
Interest sensitive contract liabilities (related party: 2026 – $4,854 and 2025 – $5,381; portion at fair value: 2026 – $17,126 and 2025 – $15,515) 344,593 315,889
Future policy benefits 48,241 50,264
Market Risk Benefits 5,283 4,930
Debt 7,832 7,848
Derivative liabilities 6,241 5,742
Payables for collateral on derivatives and securities to repurchase 11,199 11,085
Total liabilities 438,074 406,567
Commitments and Contingencies (Note 12)
Equity    
Preferred stock 0 0
Common stock 0 0
Additional paid-in capital 19,329 19,238
Retained earnings 2,440 3,895
Accumulated other comprehensive loss (related party: 2026 – $(184) and 2025 – $(112)) (3,213) (2,641)
Total Athene Holding Ltd. stockholders’ equity 18,556 20,492
Noncontrolling interests 16,249 15,146
Total equity 34,805 35,638
Total liabilities and equity 472,879 442,205
Consolidated Entity, excluding Affiliated Entity    
Investments    
Available-for-sale securities 196,763 192,597
Trading securities, at fair value 6,318 6,409
Equity securities, at fair value 697 822
Mortgage loans 99,974 91,918
Investment funds 276 108
Policy loans 293 301
Funds withheld at interest 13,787 15,413
Derivative assets 11,034 9,190
Short-term Investments 230 175
Other investments 4,470 4,148
Total investments 333,842 321,081
Consolidated Entity Excluding Variable Interest Entities (VIE)    
Investments    
Cash and cash equivalents 21,957 14,994
Liabilities    
Other liabilities (related party: 2026 – $7,322 and 2025 – $6,479) 13,284 9,097
Related Party    
Investments    
Available-for-sale securities 33,292 26,444
Trading securities, at fair value 1,290 454
Equity securities, at fair value 0 266
Mortgage loans 1,549 1,486
Investment funds 3,243 2,149
Funds withheld at interest 3,802 4,215
Short-term Investments 18 18
Other investments 333 344
Accrued investment income (related party: 2026 – $252 and 2025 – $241) 252 241
Reinsurance recoverable (related party: 2026 – $7,327 and 2025 – $6,336; portion at fair value: 2026 – $1,920 and 2025 – $1,911) 7,327 6,336
Other assets (related party: 2026 – $332 and 2025 – $284) 332 284
Liabilities    
Interest sensitive contract liabilities (related party: 2026 – $4,854 and 2025 – $5,381; portion at fair value: 2026 – $17,126 and 2025 – $15,515) 4,854 5,381
Future policy benefits 43 36
Market Risk Benefits 294 290
Other liabilities (related party: 2026 – $7,322 and 2025 – $6,479) 7,322 6,479
Equity    
Accumulated other comprehensive loss (related party: 2026 – $(184) and 2025 – $(112)) (184) (112)
Variable Interest Entities    
Investments    
Trading securities, at fair value 2,103 3,120
Mortgage loans 2,058 2,140
Investment funds 26,798 24,070
Other investments 925 844
Cash and cash equivalents 171 569
Restricted cash 18 17
Other assets (related party: 2026 – $332 and 2025 – $284) 202 346
Liabilities    
Other liabilities (related party: 2026 – $7,322 and 2025 – $6,479) 1,401 1,712
Consolidated Entity, Affiliated Entity and VIE Primary Beneficiary    
Investments    
Trading securities, at fair value 603 978
Investment funds 26,486 23,783
Other assets (related party: 2026 – $332 and 2025 – $284) 101  
Liabilities    
Other liabilities (related party: 2026 – $7,322 and 2025 – $6,479) $ 292 $ 235