Statutory Requirements (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Statutory Accounting Practices Disclosure

The following represents the effect of the permitted practices to the statutory financial statements:


	December 31, 2025
(In millions)	ALRe		AARe		ACRA 1A		ACRA 2A
Increase (decrease) to capital and surplus due to permitted practices	$	1,982	$	808	$	2,655	$	54
Increase (decrease) to statutory net income due to permitted practices	(663)		(644)		(1,752)		62

The following represents the maximum distribution Athene’s Bermuda subsidiaries would be permitted to remit to its parent without the need for prior approval:



(In millions)	December 31, 2025		December 31, 2024
ALRe	$	9,842	$	10,112
AARe	12,888		10,207
ACRA 1A	614		1,044
ACRA 2A	2,174		877

Athene’s primary regulated U.S. subsidiaries and the corresponding insurance regulatory authorities are as follows:


Subsidiary						Regulatory Authority
AAIA						Iowa Insurance Division
AANY						New York Department of Financial Services
Athene Re USA IV						State of Vermont Department of Financial Regulation

The following table presents, for each of Athene’s primary insurance subsidiaries, the best estimates of statutory capital and surplus and the statutory net income (loss) as of the date these financial statements were issued:


	Statutory capital & surplus				Statutory net income (loss)
	December 31,				Years ended December 31,
(In millions)	2025		2024		2025		2024		2023
ALRe	$	13,702	$	17,623	$	612	$	3,140	$	832
AARe	23,713		21,049		2,774		2,910		408
ACRA 1A	3,822		4,521		(247)		841		297
ACRA 2A	6,585		4,569		1,090		877		(759)
AAIA	4,122		3,899		1,092		949		(79)
AANY	394		318		25		25		(3)

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

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