Athene Holding Ltd. (ATH-PA) Form 10-Q — Aug 10, 2026
Athene Holding reported Q2 2026 net income of $1.687 billion, with $989 million attributable to Athene Holding Ltd. stockholders, up from $686 million and $464 million a year earlier. Quarterly results were boosted by a $673 million GAAP gain after AP Grange called its outstanding ABS debt, while total revenues rose 71% year over year to $9.152 billion. The first half of 2026 still produced a net loss attributable to stockholders of $949 million versus $929 million of year-ago income, driven by a $1.7 billion valuation allowance recorded against Bermuda deferred tax assets after Athene revoked ACRA's Bermuda corporate income tax election in January 2026.
Key figures
- Revenue
- $9,152 million Q2 2026 (vs $5,359 million Q2 2025); $12,820 million H1 2026 (vs $9,545 million H1 2025)
- Net Income
- $1,687 million Q2 2026 consolidated ($989 million attributable to AHL stockholders); six-month loss attributable to AHL stockholders of $949 million vs $929 million year-ago income
- Total Debt
- $7,832 million at June 30, 2026
- Total Assets
- $472,879 million at June 30, 2026
- Cash Position
- $21,957 million at June 30, 2026
- H1 Net Flows
- 20907
- Q2 Gross Inflows
- 22069
- Q2 Pre Tax Income
- 1904
- Deployable Capital
- approximately 6.1 billion
- H1 Income Tax Expense
- 1890
- Ap Grange ABSCall Gain
- 673
- Q2 Net Investment Income
- 4988
- Apollo Management Fees H1
- 785
- Undrawn Letters Of Credit
- 983
- Common Shares Outstanding
- 203805
- H1 Retail Fixed Annuity Sales
- 19.5 billion (vs 16.7 billion in H1 2025)
- Total Investment Commitments
- 37.1 billion
- Cds Max Potential Future Payments
- 1010
- Ap Grange Non Operating Gain Net Of NCI
- 458
- Ari Mortgage Loan Portfolio Purchase
- 8.7 billion (completed April 24, 2026)
- Fabn Funding Agreements Outstanding
- 33.9 billion
- Fhlb Funding Agreements Outstanding
- 27.7 billion
- Bermuda Deferred Tax Valuation Allowance
- 1.7 billion
- Gross Unrealized Losses On Afs Incl Related Parties
- 13153
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