Athene holding ltd (ATH)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
Cash flows from operating activities
Net income

-1,216

464

293

720

708

-104

623

257

277

374

274

326

384

369

126

191

87

Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of deferred acquisition costs and value of business acquired

-413

-

-

-

231

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred sales inducements

10

45

11

13

5

-19

30

23

20

-

-

-

-

-

-

-

-

Accretion of net investment premiums, discounts and other

62

-

-

-

33

-

-

-

-

-

-

-

-

-

-

-

-

Net investment (income) loss (related party: 2020 – $362 and 2019 – $18)

-343

-

-

-

-25

-

-

-

-

-

-

-

-

-

-

-

-

Net recognized (gains) losses on investments and derivatives (related party: 2020 – $158 and 2019 – $(5); consolidated variable interest entities: 2020 – $0 and 2019 – $(6))

-2,144

-

-

-

950

-

-

-

-

-

-

-

-

-

-

-

-

Policy acquisition costs deferred

112

124

167

181

173

690

191

1,478

122

122

123

143

105

152

204

148

97

Changes in operating assets and liabilities:
Accrued investment income

-5

-

-

-

69

-

-

-

-

-

-

-

-

-

-

-

-

Interest sensitive contract liabilities

-1,282

-

-

-

1,403

-

-

-

-

-

-

-

-

-

-

-

-

Future policy benefits, other policy claims and benefits, dividends payable to policyholders and reinsurance recoverable

186

-

-

-

653

-

-

-

-

-

-

-

-

-

-

-

-

Funds withheld assets and liabilities

-1,426

-

-

-

1,011

-

-

-

-

-

-

-

-

-

-

-

-

Other assets and liabilities

258

-

-

-

-220

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

771

671

402

574

1,009

1,731

716

-146

573

1,828

269

644

429

235

260

316

388

Cash flows from investing activities
Sales, maturities and repayments of:
Available-for-sale securities (related party: 2020 – $205 and 2019 – $50; consolidated variable interest entities: 2020 – $3 and 2019 – $0)

4,541

-

-

-

2,231

-

-

-

-

-

-

-

-

-

-

-

-

Trading securities (related party: 2020 – $17 and 2019 – $1; consolidated variable interest entities: 2020 – $0 and 2019 – $1)

48

-

-

-

32

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage loans

898

-

-

-

354

-

-

-

-

-

-

-

-

-

-

-

-

Investment funds (related party: 2020 – $65 and 2019 – $87; consolidated variable interest entities: 2020 – $0 and 2019 – $2)

111

-

-

-

133

-

-

-

-

-

-

-

-

-

-

-

-

Derivative instruments and other invested assets

475

-

-

-

256

-

-

-

-

-

-

-

-

-

-

-

-

Short-term investments

139

-

-

-

104

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of:
Available-for-sale securities (related party: 2020 – $(425) and 2019 – $(280))

4,226

-

-

-

4,470

-

-

-

-

-

-

-

-

-

-

-

-

Trading securities (related party: 2020 – $(77) and 2019 – $(3))

77

-

-

-

284

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage loans

1,365

-

-

-

1,049

-

-

-

-

-

-

-

-

-

-

-

-

Investment funds (related party: 2020 – $(358) and 2019 – $(152))

375

-

-

-

185

-

-

-

-

-

-

-

-

-

-

-

-

Derivative instruments and other invested assets

305

-

-

-

287

-

-

-

-

-

-

-

-

-

-

-

-

Short-term investments

125

-

-

-

67

-

-

-

-

-

-

-

-

-

-

-

-

Cash Divested from Deconsolidation

3

0

0

0

0

0

0

0

296

0

0

0

0

-

-

-

-

Other investing activities, net

113

-

-

-

-601

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-378

-2,697

-3,241

-1,242

-2,776

-2,119

-2,242

-928

-2,884

-1,310

-1,867

-1,464

-1,128

-979

-1,649

-148

115

Cash flows from financing activities
Proceeds from Issuance of Common Stock

350

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of Short-term Debt

75

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from long-term debt

-

-

-

-

-

0

0

0

998

0

0

0

0

-

-

-

-

Deposits on investment-type policies and contracts

2,838

-

-

-

2,793

-

-

-

-

-

-

-

-

-

-

-

-

Withdrawals on investment-type policies and contracts

1,633

-

-

-

1,638

-

-

-

-

-

-

-

-

-

-

-

-

Payments for coinsurance agreements on investment-type contracts, net

6

-

-

-

25

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Noncontrolling Interests

240

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Noncontrolling Interests

46

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash collateral posted for derivative transactions

372

-

-

-

-812

-

-

-

-

-

-

-

-

-

-

-

-

Payments of Ordinary Dividends, Preferred Stock and Preference Stock

18

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

328

-

-

-

51

-

-

-

-

-

-

-

-

-

-

-

-

Other financing activities, net

20

-

-

-

-9

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

970

2,633

1,635

2,387

1,882

-150

1,681

2,037

139

769

1,710

1,752

817

588

641

422

-496

Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents

-22

-

-

-

0

-

-

-

-

2

11

15

4

-11

2

-14

10

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect

1,341

607

-1,204

1,719

115

-538

155

963

-2,172

1,289

123

947

122

-167

-746

576

17

Non-cash transactions
Deposits on investment-type policies and contracts through reinsurance agreements

131

163

196

215

208

8,024

261

18,139

108

152

126

216

169

352

876

1,314

899

Withdrawals on investment-type policies and contracts through reinsurance agreements

923

629

891

985

888

944

558

250

91

92

105

103

182

167

115

87

79

Investments received from settlements on reinsurance agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47

0

0

Consolidated Entity Excluding Variable Interest Entities (VIE)
Amortization of deferred acquisition costs and value of business acquired

-

-

-

-

-

-33

36

89

82

-

-

-

-

-

-

-

-

Amortization of deferred sales inducements

-

-

-

-

-

-12

23

23

20

-

-

-

-

-

-

-

-

Net accretion of net investment premiums, discounts and other

-

-

-

-

-

35

44

54

45

-

-

-

-

-

-

-

-

Net investment (income) loss (related party: 2019 – $(171), 2018 – $(103) and 2017 – $(63))

-

-

-

-

-

23

29

3

29

-

-

-

-

-

-

-

-

Net recognized (gains) losses on investments and derivatives

-

-

-

-

-

-1,654

720

48

-209

-

-

-

-

-

-

-

-

Deferred Policy Acquisition Cost, Capitalization

-

-

-

-

-

424

191

182

122

-

-

-

-

-

-

-

-

Accrued investment income (related party: 2019 – $(2), 2018 – $(15) and 2017 – $0)

-

-

-

-

-

-4

23

20

27

-

-

-

-

-

-

-

-

Interest sensitive contract liabilities (related party: 2019 – $471, 2018 – $30 and 2017 – $0)

-

-

-

-

-

-956

557

223

-189

-

-

-

-

-

-

-

-

Future policy benefits, other policy claims and benefits, dividends payable to policyholders and reinsurance recoverable (related party: 2019 – $295, 2018 – $109 and 2017 – $0)

-

-

-

-

-

1,460

735

-71

333

-

-

-

-

-

-

-

-

Funds withheld assets and liabilities (related party: 2019 – $(1,317), 2018 – $113 and 2017 – $0)

-

-

-

-

-

-502

200

25

7

-

-

-

-

-

-

-

-

Other assets and liabilities

-

-

-

-

-

337

27

-47

-77

-

-

-

-

-

-

-

-

Proceeds from Sale and Maturity of Debt Securities, Available-for-sale

-

-

-

-

-

3,118

2,694

3,292

3,017

-

-

-

-

-

-

-

-

Trading securities (related party: 2019 – $40, 2018 – $30 and 2017 – $55)

-

-

-

-

-

28

39

257

24

-

-

-

-

-

-

-

-

Mortgage loans (related party: 2019 – $4, 2018 – $13 and 2017 – $0)

-

-

-

-

-

325

362

290

396

-

-

-

-

-

-

-

-

Investment funds (related party: 2019 – $291, 2018 – $305 and 2017 – $349)

-

-

-

-

-

151

78

169

83

-

-

-

-

-

-

-

-

Derivative instruments and other invested assets (related party: 2019 – $0, 2018 – $2 and 2017 – $0)

-

-

-

-

-

311

486

511

551

-

-

-

-

-

-

-

-

Proceeds from Sale, Maturity and Collection of Short-term Investments

-

-

-

-

-

108

269

58

103

-

-

-

-

-

-

-

-

Payments to Acquire Debt Securities, Available-for-sale

-

-

-

-

-

3,406

3,175

2,947

5,907

-

-

-

-

-

-

-

-

Trading securities (related party: 2019 – $(6), 2018 – $(4) and 2017 – $0)

-

-

-

-

-

37

0

-8

25

-

-

-

-

-

-

-

-

Mortgage loans (related party: 2019 – $(366), 2018 – $(389) and 2017 – $0)

-

-

-

-

-

1,666

2,155

1,461

463

-

-

-

-

-

-

-

-

Investment funds (related party: 2019 – $(746), 2018 – $(1,140) and 2017 – $(509))

-

-

-

-

-

302

355

505

213

-

-

-

-

-

-

-

-

Derivative instruments and other invested assets (related party: 2019 – $(100), 2018 – $(150) and 2017 – $0)

-

-

-

-

-

375

314

435

224

-

-

-

-

-

-

-

-

Payments to Acquire Short-term Investments

-

-

-

-

-

57

51

161

209

-

-

-

-

-

-

-

-

Other investing activities, net

-

-

-

-

-

339

39

-57

-227

-

-

-

-

-

-

-

-

Deposits on investment-type policies and contracts (related party: 2019 – $146, 2018 – $151 and 2017 – $0)

-

-

-

-

-

3,251

2,636

2,601

1,774

-

-

-

-

-

-

-

-

Withdrawals on investment-type policies and contracts (related party: 2019 – $(455), 2018 – $(252) and 2017 – $0)

-

-

-

-

-

1,951

1,415

1,365

1,474

-

-

-

-

-

-

-

-

Payments for coinsurance agreements on investment-type contracts, net

-

-

-

-

-

11

-21

2

10

-

-

-

-

-

-

-

-

Net change in cash collateral posted for derivative transactions and securities to repurchase

-

-

-

-

-

1,346

-569

-601

1,178

-

-

-

-

-

-

-

-

Repurchase of common stock

-

-

-

-

-

100

0

2

3

-

-

-

-

-

-

-

-

Other financing activities, net

-

-

-

-

-

7

53

21

32

-

-

-

-

-

-

-

-

Related Party
Net investment (income) loss (related party: 2020 – $362 and 2019 – $18)

-362

-

-

-

-18

-

-

-

-

-

-

-

-

-

-

-

-

Net investment (income) loss (related party: 2020 – $362 and 2019 – $18)

-362

-

-

-

-18

-

-

-

-

-

-

-

-

-

-

-

-

Net recognized (gains) losses on investments and derivatives (related party: 2020 – $158 and 2019 – $(5); consolidated variable interest entities: 2020 – $0 and 2019 – $(6))

-158

-

-

-

5

-

-

-

-

-

-

-

-

-

-

-

-

Net recognized (gains) losses on investments and derivatives (related party: 2020 – $158 and 2019 – $(5); consolidated variable interest entities: 2020 – $0 and 2019 – $(6))

-158

-

-

-

5

-

-

-

-

-

-

-

-

-

-

-

-

Accrued investment income

16

-

-

-

-3

-

-

-

-

-

-

-

-

-

-

-

-

Accrued investment income

16

-

-

-

-3

-

-

-

-

-

-

-

-

-

-

-

-

Interest sensitive contract liabilities

-81

-

-

-

167

-

-

-

-

-

-

-

-

-

-

-

-

Interest sensitive contract liabilities

-81

-

-

-

167

-

-

-

-

-

-

-

-

-

-

-

-

Future policy benefits, other policy claims and benefits, dividends payable to policyholders and reinsurance recoverable

59

-

-

-

95

-

-

-

-

-

-

-

-

-

-

-

-

Future policy benefits, other policy claims and benefits, dividends payable to policyholders and reinsurance recoverable

59

-

-

-

95

-

-

-

-

-

-

-

-

-

-

-

-

Funds withheld assets and liabilities

-422

-

-

-

500

-

-

-

-

-

-

-

-

-

-

-

-

Funds withheld assets and liabilities

-422

-

-

-

500

-

-

-

-

-

-

-

-

-

-

-

-

Available-for-sale securities (related party: 2020 – $205 and 2019 – $50; consolidated variable interest entities: 2020 – $3 and 2019 – $0)

205

-

-

-

50

-

-

-

-

-

-

-

-

-

-

-

-

Available-for-sale securities (related party: 2020 – $205 and 2019 – $50; consolidated variable interest entities: 2020 – $3 and 2019 – $0)

205

-

-

-

50

-

-

-

-

-

-

-

-

-

-

-

-

Trading securities (related party: 2020 – $17 and 2019 – $1; consolidated variable interest entities: 2020 – $0 and 2019 – $1)

17

-

-

-

1

-

-

-

-

-

-

-

-

-

-

-

-

Trading securities (related party: 2020 – $17 and 2019 – $1; consolidated variable interest entities: 2020 – $0 and 2019 – $1)

17

-

-

-

1

-

-

-

-

-

-

-

-

-

-

-

-

Investment funds (related party: 2020 – $65 and 2019 – $87; consolidated variable interest entities: 2020 – $0 and 2019 – $2)

65

-

-

-

87

-

-

-

-

-

-

-

-

-

-

-

-

Investment funds (related party: 2020 – $65 and 2019 – $87; consolidated variable interest entities: 2020 – $0 and 2019 – $2)

65

-

-

-

87

-

-

-

-

-

-

-

-

-

-

-

-

Available-for-sale securities (related party: 2020 – $(425) and 2019 – $(280))

425

-

-

-

280

-

-

-

-

-

-

-

-

-

-

-

-

Available-for-sale securities (related party: 2020 – $(425) and 2019 – $(280))

425

-

-

-

280

-

-

-

-

-

-

-

-

-

-

-

-

Trading securities (related party: 2020 – $(77) and 2019 – $(3))

77

-

-

-

3

-

-

-

-

-

-

-

-

-

-

-

-

Trading securities (related party: 2020 – $(77) and 2019 – $(3))

77

-

-

-

3

-

-

-

-

-

-

-

-

-

-

-

-

Investment funds (related party: 2020 – $(358) and 2019 – $(152))

358

-

-

-

152

-

-

-

-

-

-

-

-

-

-

-

-

Investment funds (related party: 2020 – $(358) and 2019 – $(152))

358

-

-

-

152

-

-

-

-

-

-

-

-

-

-

-

-

Deposits on investment-type policies and contracts

18

-

-

-

101

-

-

-

-

-

-

-

-

-

-

-

-

Deposits on investment-type policies and contracts

18

-

-

-

101

-

-

-

-

-

-

-

-

-

-

-

-

Withdrawals on investment-type policies and contracts

135

-

-

-

106

-

-

-

-

-

-

-

-

-

-

-

-

Withdrawals on investment-type policies and contracts

135

-

-

-

106

-

-

-

-

-

-

-

-

-

-

-

-

Deposits on investment-type policies and contracts through reinsurance agreements

72

-

-

-

45

-

-

-

-

-

-

-

-

-

-

-

-

Deposits on investment-type policies and contracts through reinsurance agreements

72

-

-

-

45

-

-

-

-

-

-

-

-

-

-

-

-

Withdrawals on investment-type policies and contracts through reinsurance agreements

418

-

-

-

429

-

-

-

-

-

-

-

-

-

-

-

-

Withdrawals on investment-type policies and contracts through reinsurance agreements

418

-

-

-

429

-

-

-

-

-

-

-

-

-

-

-

-

Variable Interest Entities
Net recognized (gains) losses on investments and derivatives

-

-

-

-

-

-35

23

-11

6

-

-

-

-

-

-

-

-

Sales, maturities and repayments of investments (related party: 2019 – $90, 2018 – $203 and 2017 – $85)

-

-

-

-

-

103

11

44

59

-

-

-

-

-

-

-

-

Equity securities
Equity securities (related party: 2020 – $2 and 2019 – $50; consolidated variable interest entities: 2020 – $0 and 2019 – $50)

2

-

-

-

60

-

-

-

-

-

-

-

-

-

-

-

-

Equity securities

3

-

-

-

205

-

-

-

-

-

-

-

-

-

-

-

-

Reinsurance Settlements [Member]
Transfer to Investments

0

0

25

19

12

16

28

8

0

-

-

-

-

-

-

-

-

Pension Risk Transfer Premiums [Member]
Transfer to Investments

627

729

2,588

555

1,363

343

0

92

0

-

-

-

-

-

-

-

-