Deferred Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired (Tables)
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9 Months Ended |
Sep. 30, 2025 |
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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. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine months ended September 30, 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 | 572 | | | 863 | | | 51 | | | 7 | | | 617 | | | — | | | 2,110 | | | Amortization | (265) | | | (195) | | | (17) | | | (1) | | | (136) | | | (300) | | | (914) | | | Other | 1 | | | — | | | — | | | — | | | — | | | — | | | 1 | | Balance at September 30, 2025 | $ | 1,466 | | | $ | 2,946 | | | $ | 74 | | | $ | 17 | | | $ | 1,957 | | | $ | 1,910 | | | $ | 8,370 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine months ended September 30, 2024 | | 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, 2023 | $ | 890 | | | $ | 1,517 | | | $ | 10 | | | $ | 11 | | | $ | 970 | | | $ | 2,581 | | | $ | 5,979 | | | Additions | 404 | | | 751 | | | 36 | | | — | | | 479 | | | — | | | 1,670 | | | Amortization | (176) | | | (131) | | | (8) | | | (1) | | | (88) | | | (274) | | | (678) | | | | | | | | | | | | | | | | Balance at September 30, 2024 | $ | 1,118 | | | $ | 2,137 | | | $ | 38 | | | $ | 10 | | | $ | 1,361 | | | $ | 2,307 | | | $ | 6,971 | |
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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. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine months ended September 30, 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 | 572 | | | 863 | | | 51 | | | 7 | | | 617 | | | — | | | 2,110 | | | Amortization | (265) | | | (195) | | | (17) | | | (1) | | | (136) | | | (300) | | | (914) | | | Other | 1 | | | — | | | — | | | — | | | — | | | — | | | 1 | | Balance at September 30, 2025 | $ | 1,466 | | | $ | 2,946 | | | $ | 74 | | | $ | 17 | | | $ | 1,957 | | | $ | 1,910 | | | $ | 8,370 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine months ended September 30, 2024 | | 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, 2023 | $ | 890 | | | $ | 1,517 | | | $ | 10 | | | $ | 11 | | | $ | 970 | | | $ | 2,581 | | | $ | 5,979 | | | Additions | 404 | | | 751 | | | 36 | | | — | | | 479 | | | — | | | 1,670 | | | Amortization | (176) | | | (131) | | | (8) | | | (1) | | | (88) | | | (274) | | | (678) | | | | | | | | | | | | | | | | Balance at September 30, 2024 | $ | 1,118 | | | $ | 2,137 | | | $ | 38 | | | $ | 10 | | | $ | 1,361 | | | $ | 2,307 | | | $ | 6,971 | |
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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. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine months ended September 30, 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 | 572 | | | 863 | | | 51 | | | 7 | | | 617 | | | — | | | 2,110 | | | Amortization | (265) | | | (195) | | | (17) | | | (1) | | | (136) | | | (300) | | | (914) | | | Other | 1 | | | — | | | — | | | — | | | — | | | — | | | 1 | | Balance at September 30, 2025 | $ | 1,466 | | | $ | 2,946 | | | $ | 74 | | | $ | 17 | | | $ | 1,957 | | | $ | 1,910 | | | $ | 8,370 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine months ended September 30, 2024 | | 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, 2023 | $ | 890 | | | $ | 1,517 | | | $ | 10 | | | $ | 11 | | | $ | 970 | | | $ | 2,581 | | | $ | 5,979 | | | Additions | 404 | | | 751 | | | 36 | | | — | | | 479 | | | — | | | 1,670 | | | Amortization | (176) | | | (131) | | | (8) | | | (1) | | | (88) | | | (274) | | | (678) | | | | | | | | | | | | | | | | Balance at September 30, 2024 | $ | 1,118 | | | $ | 2,137 | | | $ | 38 | | | $ | 10 | | | $ | 1,361 | | | $ | 2,307 | | | $ | 6,971 | |
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