Athene Holding Ltd. (ATH-PE)
Athene Holding Ltd., through its subsidiaries, engages in providing financial services, such as issuing, reinsuring, and acquiring retirement savings products for individuals and institutions in the United States and internationally. It offers fixed indexed, fixed rate, registered index-linked, private placement variable, income riders to fixed, payout, and group annuities. The company also provides life and other products that include life insurance policies assumed through reinsurance transactions and other retail products, including legacy run-off or ceded business and statutory closed blocks. In addition, it issues funding agreements to institutional investors; and offers a suite of services for investment portfolio, including direct investment management, asset allocation, mergers and acquisitions asset diligence, and operational support services, including investment compliance, tax, legal, and risk management support. Athene Holding Ltd. distributes its products through various channels that include retail, flow reinsurance, institutional, and acquisitions and block reinsurance. The company was founded in 2008 and is based in West Des Moines, Iowa.
Sector: Life Insurance
Industry: Insurance - Life
Athene Holding Ltd.
Mkt Cap-
Float140.75M
O/S-
Inst Own-
Dilution
Financials Summary
Revenue$25.65B
Net Income$2.71B
Total Assets$442.2B
Free Cash Flow$61M
Debt & Equity
Debt 28%
Equity 72%
Total Debt$7.85B
Total Equity$20.49B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in ATH-PE's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$442.2B
Liabilities$406.57B
Accounts Receivable$13.68B
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$4.07B
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Revenue | $25.65B | $20.69B | $28.19B | $7.62B | $26.32B | $14.74B | $16.26B | $6.64B | $8.79B | $4.11B | $2.62B | $4.1B | $1.6B |
| YoY Growth | 24.0% | -26.6% | 269.9% | -71.0% | 78.6% | -9.4% | 145.0% | -24.5% | 114.1% | 56.8% | -36.1% | 156.7% | - |
| Cost of Revenue | $4.43B | $3.05B | $23.6B | $13.29B | $0 | $12.56B | $13.92B | $5.42B | $7.21B | $3.34B | $1.98B | $3.44B | $705M |
| Gross Profit | $21.22B | $17.64B | $4.59B | -$5.66B | $26.32B | $2.18B | $2.34B | $1.21B | $1.58B | $762M | $635M | $662M | $892M |
| Gross Margin | 82.7% | 85.2% | 16.3% | -74.3% | 100.0% | 14.8% | 14.4% | 18.3% | 18.0% | 18.6% | 24.3% | 16.1% | 55.9% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other | $16.11B | $12B | $0 | $0 | $22.19B | -$27M | $36M | $37M | $118M | $50M | $45M | $130M | -$97M |
| Total Operating Expenses | $16.11B | $12B | $0 | $0 | $22.19B | -$27M | $36M | $37M | $118M | $50M | $45M | $130M | -$97M |
| Operating Income (EBIT) | $5.11B | $5.63B | $4.59B | -$5.66B | $4.25B | $2.21B | $2.3B | $1.18B | $1.46B | $712M | $590M | $532M | $989M |
| Operating Margin | 19.9% | 27.2% | 16.3% | -74.3% | 16.1% | 15.0% | 14.2% | 17.7% | 16.7% | 17.3% | 22.5% | 13.0% | 61.9% |
| Interest Expense | $0 | $0 | $0 | $0 | $59M | $0 | $0 | $0 | $0 | $21M | $32M | $39M | $35M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $0 | $0 | $0 | $0 | -$59M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $5.11B | $5.63B | $4.59B | -$5.66B | $4.19B | $2.21B | $2.3B | $1.18B | $1.46B | $712M | $590M | $532M | $989M |
| Income Tax Expense | $886M | $730M | -$1.16B | -$646M | $386M | $285M | $117M | $122M | $106M | -$61M | $12M | $54M | -$8M |
| Net Income | $2.71B | $3.46B | $4.67B | -$2.91B | $3.86B | $1.54B | $2.17B | $1.05B | $1.36B | $773M | $562M | $463M | $916M |
| Net Income Margin | 10.6% | 16.7% | 16.5% | -38.2% | 14.7% | 10.5% | 13.4% | 15.9% | 15.5% | 18.8% | 21.5% | 11.3% | 57.4% |
| Supplementary Data | |||||||||||||
| EPS | 12.92 | 16.98 | 22.89 | -14.28 | 19.41 | 8.17 | 11.60 | 5.34 | 7.41 | 4.31 | 2.81 | 2.31 | 4.57 |
| Diluted EPS | 12.92 | 16.98 | 22.89 | -14.28 | 18.71 | 8.17 | 11.60 | 5.34 | 7.37 | 4.18 | 2.81 | 2.31 | 4.57 |
| Weighted Average OS | 203.80M | 203.80M | 203.80M | 203.80M | 191.60M | 188.60M | 187.20M | 197.10M | 195.30M | 186.75M | 200.24M | 200.24M | 200.24M |
| EBITDA | $5.11B | $5.63B | $4.59B | -$5.66B | $4.38B | $2.21B | $2.3B | $1.18B | $1.46B | $774M | $624M | $571M | $1.02B |
| EBITDA Margin | 19.9% | 27.2% | 16.3% | -74.3% | 16.7% | 15.0% | 14.2% | 17.7% | 16.7% | 18.9% | 23.8% | 13.9% | 64.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Assets | ||||||||||||
| Current Assets | ||||||||||||
| Cash and Cash Equivalents | $14.99B | $13.32B | $14.88B | $8.77B | $9.63B | $7.7B | $4.24B | $2.91B | $4.89B | $2.46B | $2.72B | $2.64B |
| Short-Term Investments | $192.6B | $185.68B | $3.52B | $121.23B | $110.7B | $89.59B | $75.77B | $60.89B | $62.09B | $53.09B | $48.72B | $45.24B |
| Cash and Short-Term Investments | $207.59B | $199B | $18.4B | $129.37B | $120.33B | $97.3B | $80.01B | $63.81B | $66.98B | $55.55B | $51.44B | $47.87B |
| Accounts Receivable | $13.68B | $8.19B | $6.09B | $5.69B | $4.59B | $4.85B | $4.86B | $5.53B | $4.97B | $6.11B | $7.37B | $11.71B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | -$13.68B | -$192.93B | -$9.61B | -$126.29B | -$114.5B | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $207.59B | $14.26B | $14.88B | $8.77B | $10.43B | $102.15B | $84.88B | $69.34B | $71.95B | $61.66B | $58.81B | $59.58B |
| Long-Term Assets | ||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $4.07B | $4.06B | $4.07B | $4.06B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $226M |
| Intangible Assets | $0 | $0 | $0 | $0 | $5.36B | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $844M | $884M | $55.45B | $48.23B | $115.99B | $93.82B | $78.94B | $63.51B | $65.25B | $56.03B | $52.44B | $49.57B |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $344.14B | $226.18B | $182.88B | $103.37B | $0 | -$78.94B | -$63.51B | -$65.25B | -$56.03B | -$52.44B | -$49.8B |
| Total Long-Term Assets | $4.92B | $349.08B | $285.7B | $235.16B | $224.72B | $93.82B | $78.94B | $63.51B | $65.25B | $56.03B | $52.44B | $49.8B |
| Other Assets | $229.7B | $0 | $0 | $0 | $0 | $5.32B | -$17.69B | -$7.35B | -$37.46B | -$30.97B | -$30.39B | -$26.7B |
| Total Assets | $442.2B | $363.34B | $300.58B | $243.93B | $235.15B | $201.29B | $146.13B | $125.5B | $99.75B | $86.72B | $80.85B | $82.68B |
| Liabilities | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts Payable | $0 | $0 | $3.75B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $45M | $187M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $475M | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $67M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$11.09B | $7.58B | $9.46B | $4.62B | $472M | $0 | $0 | $0 | $0 | $0 | -$45M | -$187M |
| Total Current Liabilities | $0 | $19.24B | $13.28B | $11.32B | $7.52B | $0 | $475M | $0 | $0 | $0 | $45M | $187M |
| Long-Term Liabilities | ||||||||||||
| Long-Term Debt | $7.85B | $6.31B | $4.21B | $3.66B | $2.96B | $1.98B | $992M | $991M | $0 | $0 | $500M | $2.02B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $589M | $0 | $11M | $34M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $398.72B | $0 | $271.31B | $229.69B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $406.57B | $6.31B | $275.53B | $233.38B | $2.96B | $1.98B | $992M | $991M | $0 | $0 | $500M | $2.02B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $180.66B | $131.27B | $116.24B | $90.54B | $79.81B | $74.95B | $75.92B |
| Total Liabilities | $406.57B | $337.47B | $279.34B | $233.38B | $212.97B | $182.63B | $132.73B | $117.23B | $90.54B | $79.81B | $75.49B | $78.12B |
| Stockholders' Equity | ||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | $3.9B | $2.24B | -$92M | -$3.64B | $11.03B | $8.07B | $6.94B | $5.29B | $4.32B | $3.12B | $2.32B | $1.76B |
| Comprehensive Income & Other | -$2.64B | -$5.46B | -$5.57B | -$7.32B | $2.43B | $3.97B | $2.28B | -$472M | $1.42B | $367M | -$237M | $644M |
| Other Stockholders' Equity | $16.6B | $14.12B | $13.93B | $10.8B | $9.1B | $10.58B | $6.45B | $2.99B | $4.89B | $3.79B | $3.04B | $2.8B |
| Total Equity | $20.49B | $16.36B | $13.84B | $7.16B | $20.13B | $18.66B | $13.39B | $8.28B | $9.21B | $6.91B | $5.36B | $4.55B |
| Minority Interest | $15.15B | $9.51B | $7.4B | $3.39B | $2.05B | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $427.06B | $353.83B | $293.18B | $240.54B | $233.1B | $201.29B | $146.13B | $125.5B | $99.75B | $86.72B | $80.85B | $82.68B |
| Supplementary Data | ||||||||||||
| Total Debt | $7.85B | $6.31B | $4.21B | $3.66B | $2.96B | $1.98B | $1.47B | $991M | $0 | $0 | $500M | $2.02B |
| Net Debt | -$7.15B | -$7.01B | -$10.67B | -$5.11B | -$6.67B | -$5.73B | -$2.77B | -$1.92B | -$4.89B | -$2.46B | -$2.22B | -$621M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Operating Activities | |||||||||||||
| Net Income | $2.71B | $1.08B | $4.67B | -$5.02B | $3.86B | $1.54B | $2.17B | $1.05B | $1.45B | $805M | $562M | $463M | $916M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $198M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$19M | $33M | $138M | -$89M |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $5.39B | $1.24B | $2.59B | $6.23B | $11.68B | $4.29B | $2.83B | $2.03B | $4.21B | $1.1B | $23M | $1.32B | $1.35B |
| Total Working Capital Change | $5.39B | $1.24B | $2.59B | $6.23B | $11.68B | $4.29B | $2.83B | $2.03B | $4.21B | $1.1B | $23M | $1.32B | $1.35B |
| Other Non-Cash Items | -$2.94B | -$444M | -$2.27B | $5.04B | -$5.44B | -$1.67B | -$2.35B | -$209M | -$2.49B | -$684M | $431M | -$1.32B | -$1.77B |
| Net Cash from Operating | $5.16B | $1.88B | $4.98B | $6.26B | $10.29B | $4.15B | $2.66B | $2.87B | $3.17B | $1.2B | $1.05B | $599M | $409M |
| Investing Activities | |||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | -$1M | $4.69B | $0 | $758M | -$3M | $0 | -$296M | $0 | $0 | $162M | $33M | $1.39B |
| Purchases of Investments | -$48M | -$120.22B | -$71.78B | -$49.44B | -$70.22B | -$29.14B | -$21.3B | -$19.11B | -$21.66B | -$15.1B | -$14.31B | -$13.47B | -$8.98B |
| Sales of Investments | $60M | $59.37B | $27.8B | $24.6B | $42.06B | $16.55B | $15.71B | $15.7B | $16.22B | $12.57B | $13.66B | $14.79B | $10.9B |
| Other Investing Activities | -$61.11B | $1.78B | $328M | -$9.54B | $225M | -$2.23B | -$4.37B | -$4.47B | -$376M | -$76M | $438M | -$26M | -$305M |
| Net Cash from Investing | -$61.1B | -$59.07B | -$38.96B | -$34.38B | -$27.17B | -$14.82B | -$9.96B | -$8.17B | -$5.82B | -$2.6B | -$52M | $1.33B | $3B |
| Financing Activities | |||||||||||||
| Debt Repaid | -$1.59B | -$2.17B | -$589M | -$399M | -$997M | - | - | - | - | - | $4M | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $11M | $351M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$600M | $0 | $0 | $0 | -$8M | -$428M | -$832M | -$105M | -$10M | -$20M | -$3M | -$78M | $0 |
| Dividends Paid | $0 | -$452M | -$937M | -$1.31B | $0 | $0 | -$36M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $57.74B | $55.08B | $40.56B | $27.04B | $18.01B | $14.49B | $8.54B | $3.71B | $5.05B | $1.16B | -$907M | -$2.33B | -$741M |
| Net Cash from Financing | $58.57B | $56.57B | $40.08B | $26.47B | $18.87B | $14.49B | $8.54B | $3.71B | $5.05B | $1.16B | -$911M | -$2.33B | -$741M |
| Forex Effect | $5M | -$3M | $10M | -$15M | -$2M | -$26M | $0 | $0 | $32M | -$13M | -$4M | $0 | $0 |
| Net Change in Cash | $2.64B | -$620M | $6.11B | -$1.66B | $1.99B | $3.8B | $1.24B | -$1.59B | $2.43B | -$261M | $82M | -$397M | $2.67B |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | $5.16B | $1.88B | $4.98B | $6.26B | $10.29B | $4.15B | $2.66B | $2.87B | $3.17B | $1.2B | $1.05B | $599M | $409M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $61M | $1.88B | $4.98B | $6.26B | $10.29B | $4.15B | $2.66B | $2.87B | $3.17B | $1.2B | $1.05B | $599M | $409M |
| Cash at Beginning | $14.26B | $14.88B | $8.77B | $10.43B | $8.44B | $4.64B | $3.4B | $5B | $2.46B | $2.72B | $2.64B | $3.04B | $362M |
| Cash at End | $16.89B | $14.26B | $14.88B | $8.77B | $10.43B | $8.44B | $4.64B | $3.4B | $4.89B | $2.46B | $2.72B | $2.64B | $3.04B |