ATH-PA on NYSE

Athene Holding

Logo: athene.com5

Retirement services company founded in 20091

In its 2026 annual report the company says: “We are a leading financial services company that specializes in issuing, reinsuring and acquiring retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. We focus on generating spread income by combining our two core competencies of (1) sourcing long-term, persistent liabilities and (2) using the global scale and reach of Apollo’s asset management business to actively source or originate assets with our preferred risk and return characteristics.”8 It is headquartered in West Des Moines, United States.1 Its shares trade on NYSE under the symbol ATH-PA.1

$22.43 down 0.05 (0.22%)Price as of Oct 21, 2026 at 18:59 UTC

Last updated Oct 21, 2026.

Overview

2009Founded1

Compare with Reinsurance Group of America, Corebridge Financial or Lincoln National Corporation, or pick any stock.

  • TickerATH-PA on NYSE1
  • IndustryLife Insurance1
  • HeadquartersWest Des Moines, United States1
  • Websitewww.athene.com
  • Incorporated inDE6
  • Business address7700 Mills Civic Parkway, West Des Moines, Ia 502666
  • Filer categoryNon-accelerated filer6
  • Legal formCorporation3
  • LEI549300H316CT32FQXI763
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States3
  • Registered withDivision of Corporations, Department of State, 69713173

We are a leading financial services company that specializes in issuing, reinsuring and acquiring retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. Apollo Global Management, Inc. (AGM, and together with its subsidiaries other than us or our subsidiaries, Apollo) (NYSE: APO) is the beneficial owner of 100% of our common stock and controls all of the voting power to elect our board of directors.8 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

10.6%Net margin9
24.1%Revenue growth, 20259
13.2%Return on equity9
0.38×Debt to equity9

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs86¢$22.1B
  • Income tax3¢$886.0M
  • Profit11¢$2.7B

Out of $25.7B in revenue.9

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid15¢$752.0M
  • Kept or used elsewhere85¢$4.4B

Out of $5.2B of cash from operations.9

Financial statements

Revenue101112139$25.7B in 2025+58% since 2019
0$10.0B$20.0B$30.0B2019: $16.3B$16.3B20192020: $14.8B$14.8B2020−9%2021: $26.3B$26.3B2021+78%2022: $7.6B$7.6B2022−71%2023: $28.2B$28.2B2023+270%2024: $20.7B$20.7B2024−27%2025: $25.7B$25.7B2025+24%
Net income101112139$2.7B in 2025+25% since 2019
-$4.0B-$2.0B0$2.0B$4.0B$6.0B2019: $2.2B$2.2B20192020: $1.5B$1.5B2020−29%2021: $3.9B$3.9B2021+150%2022: -$2.9B-$2.9B20222023: $4.7B$4.7B20232024: $3.5B$3.5B2024−26%2025: $2.7B$2.7B2025−22%

Every line of the income statement as filed: the last 3 fiscal years, latest first.9

Period ending2025-12-312024-12-312023-12-31
Premiums Earned, Net$2.6B$1.3B$12.7B
Insurance Commissions and Fees$1.1B$1.0B$848.0M
Other Income$25.0M$19.0M$591.0M
Revenues, Total$25.7B$20.7B$28.2B
Interest sensitive contract benefits$12.1B$8.9B$6.2B
Amortization of deferred acquisition costs, deferred sales inducements and value of business acquired$1.2B$941.0M$688.0M
Total benefits and expenses$20.6B$15.1B$23.6B
Income before income taxes$5.1B$5.6B$4.6B
Income tax expense (benefit)$886.0M$730.0M-$1.2B
Net income$4.2B$4.9B$5.8B
Less: Net income attributable to noncontrolling interests$1.5B$1.4B$1.1B
Net income available to Athene Holding Ltd. shareholders$2.7B$3.5B$4.7B
Less: Preferred stock dividends$161.0M$181.0M$181.0M
Net Income (Loss) Available to Common Stockholder-$2.6B-$3.3B-$4.5B
Investment income$12.2B
Investment expense$1.1B
Liability for future policy benefit, remeasurement gain (loss)-$24.0M-$16.0M-$53.0M
Future policy and other policy benefits$4.4B$3.1B$14.4B
Policy and other operating expenses$2.4B$2.2B$1.8B
Market risk benefits, remeasurement (gains0 losses$452.0M-$102.0M$404.0M

Compare Athene Holding with another company

Corporate structure

Athene Holding is part of a group headed by Apollo Global Management. 257 entities, 33 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Athene Holding

  • Apollo Global Management New York, New York, United States
    • AGM INDIA ADVISORS PRIVATE LIMITED Mumbai, India
      • AP India Opportunity Trust Fund · Mumbai, India
      • AP India Opportunity Trust II Fund · Mumbai, India
      • AP India Opportunity Trust II Scheme I Fund · Mumbai, India
      • India Real Estate II Scheme Fund · Mumbai, India
      • India Real Estate II Scheme III Fund · Mumbai, India
      • India Real Estate III Scheme Fund · Mumbai, India
    • Athene Holding West Des Moines, Iowa, United States
      • A-A Onshore Fund, LLC Subsidiary · Delaware, United States
      • AADE RML, LLC Subsidiary · Iowa, United States
      • AAIA RML, LLC Subsidiary · Iowa, United States
      • AARE Structured Holdings, LLC Subsidiary · Delaware, United States
      • ACM Trademarks, L.L.C Subsidiary · Iowa, United States
      • ADIP (Athene) Carry Plan, L.P. Subsidiary · Bermuda
      • ARPH (Headquarters Building), LLC Subsidiary · Iowa, United States
      • Athene Annuity & Life Assurance Company of New York Subsidiary · New York, United States
      • Athene Annuity and Life Company Subsidiary · Iowa, United States
      • Athene Annuity Re II Ltd. Subsidiary · Bermuda
      • Athene Annuity Re Ltd. Subsidiary · Bermuda
      • Athene Asset L.P. Subsidiary · Bermuda
      • Athene Assignment Corporation Subsidiary · Delaware, United States
      • Athene Bermuda Employee Company Ltd. Subsidiary · Bermuda
      • Athene Co Invest Reinsurance Affiliate 2A Ltd. Subsidiary · Bermuda
      • Athene Co Invest Reinsurance Affiliate 2B Ltd. Subsidiary · Bermuda
      • Athene Co Invest Reinsurance Affiliate Holding 2 Ltd. Subsidiary · Bermuda
      • Athene Co-Invest Reinsurance Affiliate 1A Ltd. Subsidiary · Bermuda
      • Athene Co-Invest Reinsurance Affiliate 1B Ltd. Subsidiary · Bermuda
      • Athene Co-Invest Reinsurance Affiliate Holding Ltd. Subsidiary · Bermuda
      • Athene Co-Invest Reinsurance Affiliate International Ltd. Subsidiary · Bermuda
      • Athene Co-Invest Reinsurance Affiliate LP Subsidiary · Delaware, United States
      • Athene Employee Services, LLC Subsidiary · Iowa, United States
      • Athene IP Holding Ltd. Subsidiary · Bermuda
      • Athene Japan K.K. Subsidiary · Japan
      • and 19 more
    • Pubs Propco Limited St. Helier, Jersey
    • Yahoo Inc. Subsidiary · 90% · New York City
    • Cox Media Group Subsidiary · 71% · Atlanta
      • Kudzu.com Subsidiary · Atlanta
      • Palm Beach Newspapers Inc. Subsidiary · Delaware, United States
    • Endemol Shine Group Subsidiary · 50% · Amsterdam
    • Academi Subsidiary · North Carolina
    • Aqua Finance Inc. Subsidiary · Wausau, Wisconsin, United States
    • Berry Plastics Subsidiary · Evansville
    • Billerud Subsidiary · Memphis, Tennessee, United States
    • Caesars Entertainment Corporation Subsidiary · Las Vegas, Nevada, United States
      • Horseshoe Gaming Holding Corporation Subsidiary · Paradise
      • Caesars Interactive Entertainment Subsidiary · United States
      • CAESARS RESORT COLLECTION, LLC Subsidiary · Las Vegas, Nevada, United States
    • CEVA Logistics Subsidiary · Rotkreuz, Switzerland
    • Claire's Subsidiary · Illinois
    • Coinstar Subsidiary · Bellevue
    • Henry's Farmers Market Subsidiary · Phoenix
    • Jacuzzi Subsidiary · Chino Hills
    • McGraw-Hill Education Subsidiary · New York, New York, United States
    • Oceania Cruises Subsidiary · Miami, Florida, United States
    • Rackspace Technology Subsidiary · Wilmington, Delaware, United States
      • Mailgun Subsidiary
      • Adapt Services Limited Subsidiary · United Kingdom
      • Cloudkick Subsidiary
      • Datapipe Asia Limited Subsidiary · Hong Kong
      • Datapipe Europe Limited Subsidiary · United Kingdom
      • Datapipe Singapore Pte Ltd Subsidiary · Singapore
      • Datapipe, Inc. Subsidiary · Delaware, United States
      • Drake Merger Sub II, LLC Subsidiary · Delaware, United States
      • GoGrid, LLC Subsidiary · Delaware, United States
      • Inception Intermediate, Inc. Subsidiary · Delaware, United States
      • Inception Parent, Inc. Subsidiary · Delaware, United States
      • JA Vietnam Co., Ltd Subsidiary · Vietnam
      • ObjectRocket, LLC Subsidiary · Delaware, United States
      • Onica Egypt LLC Subsidiary · Egypt
      • Onica Group LLC Subsidiary · Delaware, United States
      • Onica Holdings LLC Subsidiary · Delaware, United States
      • Onica Technologies Canada, Inc. Subsidiary · Canada
      • Rackspace Arabia for Information Technology Single LLC Subsidiary · Saudi Arabia
      • Rackspace Arabia Regional Headquarter Subsidiary · Saudi Arabia
      • Rackspace Asia (Shanghai) Limited Subsidiary · China
      • Rackspace Asia Limited Subsidiary · Hong Kong
      • Rackspace Benelux BV Subsidiary · Netherlands
      • Rackspace Canada, Inc. Subsidiary · Canada
      • Rackspace Finance (UK) Holdings Ltd Subsidiary · United Kingdom
      • Rackspace Finance Holdings II, LLC Subsidiary · Delaware, United States
      • and 31 more
    • Sony Pictures Television Nonfiction Subsidiary · Madison Avenue
      • 19 Entertainment Subsidiary · London
        • 19 Recordings Ltd. Subsidiary · City of London, United Kingdom
    • Vallourec Subsidiary · Meudon, France
      • Vallourec Deutschland GmbH Subsidiary · Düsseldorf, Germany
      • VALLOUREC TUBES Subsidiary · Meudon, France
        • ALTIFORT SMFI Subsidiary · Cosne-Cours-Sur-Loire, France
        • INTERFIT Subsidiary · Maubeuge, France
        • Vallourec Middle East FZE Subsidiary · Boulogne-Billancourt, France
        • VALLOUREC OIL AND GAS Subsidiary · Aulnoye-Aymeries, France
        • VALLOUREC SERVICES Subsidiary · Meudon, France
        • VALLOUREC TUBES FRANCE Subsidiary · Meudon, France
        • VALLOUREC UMBILICALS Subsidiary · Meudon, France
      • wa lu rui ke tian da an hui gu fen you xian gong si (瓦卢瑞克天大(安徽)股份有限公司) Subsidiary · 滁州市, China
      • 瓦卢瑞克(中国)有限公司 Subsidiary · 常州市, China
    • AEGIS ASSET FINANCE HOLDINGS LTD. Subsidiary · London, United Kingdom
      • HERMITAGE 2023 PLC Subsidiary · London, United Kingdom
    • APOLLO INVESTMENT MANAGEMENT EUROPE LLP Subsidiary · London, United Kingdom
      • Apollo Delos Investments II, SCSp Fund · London, United Kingdom
      • HEMINGWAY REAL ESTATE (LUX) Fund · London, United Kingdom
        • HEMINGWAY REAL ESTATE BELGIUM Fund · New York, New York, United States
        • HEMINGWAY REAL ESTATE GERMANY Fund · New York, New York, United States
        • HEMINGWAY REAL ESTATE REINSURANCE Fund · New York, New York, United States
    • APOLLO MANAGEMENT INTERNATIONAL LLP Subsidiary · London, United Kingdom
      • APOLLO EUROPEAN REAL ESTATE DEBT Fund · London, United Kingdom
      • Athora Accord Side Car Fund · London, United Kingdom
      • Athora Lux Invest NL Fund · London, United Kingdom
        • CRE Debt Fund Fund · Luxembourg, Luxembourg
        • CRE Direct Lending Fund Fund · Luxembourg, Luxembourg
        • Dual Recourse Fund · Luxembourg, Luxembourg
        • Fund Finance Mandate Fund · Luxembourg, Luxembourg
        • Large Cap Direct Lending Fund Fund · Luxembourg, Luxembourg
        • Large Cap Loans Fund Fund · Luxembourg, Luxembourg
        • LEVERAGED FINANCE Fund · Luxembourg, Luxembourg
        • Middle Market Direct Lending Fund Fund · Luxembourg, Luxembourg
        • Middle Market Loans Fund Fund · Luxembourg, Luxembourg
        • Platform Investments Fund Fund · Luxembourg, Luxembourg
        • Private IG Fund Fund · Luxembourg, Luxembourg
        • Tactical Fund Fund · Luxembourg, Luxembourg
      • European Credit Company Holdings III Fund · London, United Kingdom
      • European Credit Company Holdings IV Fund · London, United Kingdom
      • European Credit Company Holdings IX Fund · London, United Kingdom
      • European Credit Company Holdings V Fund · London, United Kingdom
      • European Credit Company Holdings VI Fund · London, United Kingdom
      • European Credit Company Holdings VII Fund · London, United Kingdom
      • European Credit Company Holdings VIII Fund · London, United Kingdom
      • European Credit Company Holdings X Fund · London, United Kingdom
      • Liquid IG Opportunities Fund Fund · London, United Kingdom
      • Liquid IG Opportunities Fund Fund · London, United Kingdom
    • Rock Bidco Limited Subsidiary · St. Helier, Jersey
    • and 4 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Athene Holding reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Debt securities available for sale$219.0B9 Dec 31, 2025$184.5B9 Dec 31, 2024+18.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$4.1B9 Dec 31, 2025$4.1B9 Dec 31, 2024+0.2%
Finite-lived intangibles, gross$2.1B9 Dec 31, 2025$2.1B9 Dec 31, 2024+1.9%
Accumulated amortization$489.0M9 Dec 31, 2025$374.0M9 Dec 31, 2024+30.7%
Finite-lived intangibles, net$1.6B9 Dec 31, 2025$1.7B9 Dec 31, 2024−4.4%

Properties, in its own words

We own our corporate headquarters located at 7700 Mills Civic Parkway, West Des Moines, Iowa. We lease our head office for Bermuda operations in Hamilton, Bermuda. We consider these facilities and other properties to be suitable and adequate for the management and operation of our business.

Item 2 of the 10-K filed Feb 25, 2026.8

Leadership

Who has led Athene Holding, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (30)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • A-A Onshore Fund, LLC Delaware7
  • AADE RML, LLC Iowa7
  • AAIA RML, LLC Iowa7
  • AARE Structured Holdings, LLC Delaware7
  • ACM Trademarks, L.L.C Iowa7
  • ADIP (Athene) Carry Plan, L.P. Bermuda7
  • ARPH (Headquarters Building), LLC Iowa7
  • Athene Annuity & Life Assurance Company of New York New York7
  • Athene Annuity Re II Ltd. Bermuda7
  • Athene Annuity Re Ltd. Bermuda7
  • Athene Annuity and Life Company Iowa7
  • Athene Asset L.P. Bermuda7
  • Athene Assignment Corporation Delaware7
  • Athene Bermuda Employee Company Ltd. Bermuda7
  • Athene Co Invest Reinsurance Affiliate 2A Ltd. Bermuda7
  • Athene Co Invest Reinsurance Affiliate 2B Ltd. Bermuda7
  • Athene Co Invest Reinsurance Affiliate Holding 2 Ltd. Bermuda7
  • Athene Co-Invest Reinsurance Affiliate 1A Ltd. Bermuda7
  • Athene Co-Invest Reinsurance Affiliate 1B Ltd. Bermuda7
  • Athene Co-Invest Reinsurance Affiliate Holding Ltd. Bermuda7
  • Athene Co-Invest Reinsurance Affiliate International Ltd. Bermuda7
  • Athene Co-Invest Reinsurance Affiliate LP Delaware7
  • Athene Employee Services, LLC Iowa7
  • Athene IP Holding Ltd. Bermuda7
All 44 listed subsidiaries
  • Athene Japan K.K. Japan7
  • Athene Life Insurance Company of New York New York7
  • Athene Life Re International Ltd. Bermuda7
  • Athene Life Re Ltd. Bermuda7
  • Athene London Assignment Corporation Delaware7
  • Athene Noctua, LLC Delaware7
  • Athene North Employment Service Corporation Canada7
  • Athene Qualified Assignment Corporation Delaware7
  • Athene Re Japan Solutions Co., Ltd Japan7
  • Athene Re Services, LLC New York7
  • Athene Re USA IV, Inc. Vermont7
  • Athene Risk Aggregator, LLC Delaware7
  • Athene Securities, LLC Iowa7
  • Athene Structured Assignment Corporation Delaware7
  • Athene USA Corporation Iowa7
  • Centralife Annuities Service, Inc. Arizona7
  • NNN AGP Opportunities GP, LLC Delaware7
  • P.L. Assigned Services, Inc. New York7
  • Rosencrantz Depositor, LLC Delaware7
  • Structured Annuity Reinsurance Company Iowa7

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Athene Holding LtdAug 8, 2011 to Dec 12, 20236

Timeline

  1. Oct 5, 20268-K Results of operations; Regulation FD disclosure52
  2. Sep 21, 20268-K Regulation FD disclosure53
  3. Aug 24, 20268-K Regulation FD disclosure54
  4. Aug 13, 20268-K Regulation FD disclosure55
  5. Aug 11, 20268-K Regulation FD disclosure56
  6. Aug 10, 20268-K Results of operations57
  7. Aug 7, 20268-K New debt or obligation; Other events58
  8. Aug 5, 20268-K Results of operations; Other events59
  9. Aug 4, 20268-K Results of operations60
  10. Jul 1, 20268-K Results of operations; Regulation FD disclosure61
  11. Jun 29, 20268-K Entered a material agreement; Ended a material agreement62
  12. Jun 25, 20268-K Regulation FD disclosure63
  13. Dec 9, 2016New chief executive James Richard Berlardi becomes CEO17
  14. 2009Founded Founded1

Calendar

When it reported results

  1. Oct 5, 2026Reported quarterly or annual results52
  2. Aug 10, 2026Reported quarterly or annual results57
  3. Aug 5, 2026Reported quarterly or annual results59
  4. Aug 4, 2026Reported quarterly or annual results60
  5. Jul 1, 2026Reported quarterly or annual results61
  6. May 7, 2026Reported quarterly or annual results64
  7. May 6, 2026Reported quarterly or annual results65
  8. Apr 1, 2026Reported quarterly or annual results66

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

284 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 132 major events, 45 insider forms, 2 large holders, 85 other. The latest 20:

  1. Oct 5, 20268-K EDGAR
  2. Sep 21, 20268-K EDGAR
  3. Aug 24, 20268-K EDGAR
  4. Aug 13, 20268-K EDGAR
  5. Aug 11, 20268-K EDGAR
  6. Aug 10, 20268-K EDGAR
  7. Aug 10, 202610-Q EDGAR
  8. Aug 7, 20268-K EDGAR
  9. Aug 6, 2026424B2 EDGAR
  10. Aug 5, 2026FWP EDGAR
  11. Aug 5, 2026424B5 EDGAR
  12. Aug 5, 20268-K EDGAR
  13. Aug 4, 20268-K EDGAR
  14. Jul 1, 20268-K EDGAR
  15. Jul 1, 20263 EDGAR
  16. Jul 1, 20263 EDGAR
  17. Jun 29, 20268-K EDGAR
  18. Jun 25, 20268-K EDGAR
  19. Jun 23, 20268-K EDGAR
  20. Jun 1, 20268-K EDGAR

The 284 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

8 open-market trades by officers, directors and large owners since October 2021: 2 buys and 6 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Feb 29, 2024Kvalheim GrantSee RemarksSale22,500$24.84$558.9KForm 4
Dec 12, 2022Belardi James RichardSee RemarksBuy66,400$25.16$1.7MForm 4
Dec 12, 2022Klein Martin PExecutive VP and CFOBuy20,000$25.00$500.0KForm 4
Dec 7, 2021Golden John LeonardEVP and General CounselSale1,875$81.98$153.7KForm 4
Oct 20, 2021Klein Martin PExecutive VP and CFOSale4,300$81.69$351.3KForm 4
Oct 15, 2021Borden Robert LDirectorSale2,000$77.34$154.7KForm 4
Oct 11, 2021Klein Martin PExecutive VP and CFOSale2,200$75.00$165.0KForm 4
Oct 7, 2021Klein Martin PExecutive VP and CFOSale1,800$72.00$129.6KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Athene Holding is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAthene Holding Ltd.2
  • CIK0001527469
  • Employer ID (EIN)98-06300228
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company8
  • Incorporated inDelaware8
  • Fiscal year endsDecember 312
  • Industry code (SIC)6311 Life Insurance2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business address7700 Mills Civic Parkway, West Des Moines, IA 502662
  • Phone515-342-46782
  • Shares outstanding203,805 as of Aug 7, 202615
  • Public float$0 as of Jun 30, 20259
  • AuditorDeloitte & Touche LLP, Des Moines, Iowa PCAOB ID 34; no auditor attestation of internal control over financial reporting8
  • On EDGAR sinceAug 8, 20112
  • Filings896 in all: 4 (328), 8-K (209), 3 (45), 425 (30), 10-Q (29), 424B5 (21), SC 13G/A (21), FWP (19)2
    All 48 form types

    424B2 (15), UPLOAD (14), 40-APP/A (13), CORRESP (13), F-N (13), SC 13G (13), 10-K (10), S-1/A (8), 8-A12B (7), 3/A (6), CERT (6), DEF 14A (6), DEFA14A (6), S-3ASR (6), 40-APP (4), 5 (4), PRE 14A (4), 424B1 (3), 8-K/A (3), EFFECT (3), POSASR (3), RW (3), RW WD (3), S-1 (3), S-8 (3), S-8 POS (3), SC 13D/A (3), 25-NSE (2), 424B7 (2), S-1MEF (2), 10-K/A (1), 144 (1), 15-12B (1), 4/A (1), 8-K12B (1), CERTNYS (1), D (1), DEFM14A (1), PRER14A (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Feb 25, 2026
    Quarterly report (10-Q) Aug 10, 2026
    Proxy statement (DEF 14A) Jul 22, 2021
    Latest 8-K (8-K) Oct 5, 2026

Securities registered for trading

ClassSymbolExchange
6.35% Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series AATHPrANew York Stock Exchange
5.625% Fixed-Rate Perpetual Non-Cumulative Preferred Stock, Series BATHPrBNew York Stock Exchange
4.875% Fixed-Rate Perpetual Non-Cumulative Preferred Stock, Series DATHPrDNew York Stock Exchange
7.75% Fixed-Rate Reset Perpetual Non-Cumulative Preferred Stock, Series EATHPrENew York Stock Exchange
7.250% Fixed-Rate Reset Junior Subordinated Debentures due 2064ATHSNew York Stock Exchange

From the cover page of the 10-K filed Feb 25, 2026 (Section 12(b) of the Exchange Act).8

Risk factors and legal proceedings

The risks Athene Holding names in Item 1A of its 10-K filed Feb 25, 2026: 40 risks under these headings, as written.8

  • Risks Relating to Our Business Operations
  • Our business, financial condition, results of operations, liquidity and cash flows depend on the accuracy of our management’s assumptions and estimates, and we could experience significant gains or losses if these assumptions and estimates differ significantly from actual results.
  • A financial strength rating downgrade, potential downgrade or any other negative action by a rating agency could make our product offerings less attractive, inhibit our ability to acquire future business through acquisitions or reinsurance and increase our cost of capital, which could have a material adverse effect on our business.
  • We operate in a highly competitive industry that includes a number of competitors, which could limit our ability to achieve our growth strategies and could materially and adversely affect our business, financial condition, results of operations, cash flows and prospects.
  • If we are unable to attract and retain IMOs, banks and broker-dealers, sales of certain of our products may be adversely affected.
  • We rely significantly on third parties for various services, and we may be held responsible for obligations that arise from the acts or omissions of third parties under their respective agreements with us.
  • Artificial intelligence could increase competitive, operational, legal and regulatory risks to our businesses in ways that we cannot predict.
  • From time to time we may pursue acquisitions and block reinsurance transactions, and our ability to consummate these transactions on economically advantageous terms acceptable to us in the future is unknown.
  • Interruption or other operational failures in telecommunications, information technology and other operational systems, including as a result of threat actors attacking those systems, or a failure to maintain the security, integrity, confidentiality or privacy of sensitive data residing on those systems, including as a result of human error, could have a material adverse effect on our business.
  • We are subject to significant operating and financial restrictions imposed by our credit agreements and certain letters of credit, and we are also subject to certain operating restrictions imposed by the indentures to which we are a party.
  • Risks Relating to Liquidity and Regulatory Capital
  • As a financial services company, we are exposed to liquidity risk, which is the risk that we are unable to meet near-term obligations as they come due.
The other 30 risks
  • The amount of statutory capital that our insurance and reinsurance subsidiaries have, or that they are required to hold, can vary significantly from time to time and is sensitive to a number of factors outside of our control.
  • Repurchase agreement programs subject us to potential liquidity and other risks.
  • Risks Relating to Market and Credit Risk
  • Our investments are subject to market and credit risks that could diminish their value and these risks could be greater during periods of extreme volatility or disruption in the financial and credit markets, which could adversely impact our business, financial condition, results of operations, liquidity and cash flows.
  • Interest rate fluctuations could adversely affect our business, financial condition, results of operations, liquidity and cash flows.
  • We are subject to the credit risk of our counterparties, including ceding companies, reinsurers, plan sponsors and derivative counterparties.
  • Our investment portfolio may be subject to concentration risk, particularly with respect to single issuers, including Athora, among others; industries, including financial services; and asset classes, including real estate.
  • Many of our invested assets are relatively illiquid and we may fail to realize profits from these assets for a considerable period of time, or lose some or all of the principal amount we invest in these assets if we are required to sell our invested assets at a loss at inopportune times.
  • Our investments linked to real estate are subject to credit risk, market risk, servicing risk, loss from catastrophic events and other risks, which could diminish the value that we obtain from such investments.
  • Our investment portfolio may include investments in securities of issuers based outside the US, including emerging markets, which may be riskier than securities of US issuers.
  • While we seek to hedge foreign currency risks, foreign currency fluctuations may reduce our net income and our capital levels, adversely affecting our financial condition.
  • Climate change-related risks and regulatory and other efforts to address climate change could adversely affect our business.
  • Financial markets have been subject to inflationary pressures, and continued heightened inflation may adversely impact our business and results of operations.
  • Risks Relating to Our Relationship with Apollo
  • There are potential conflicts of interests between Apollo, our corporate parent, and the holders of our preferred stock.
  • We rely on our investment management agreements with Apollo for the management of our investment portfolio. Apollo may terminate these arrangements at any time, and there are limitations on our ability to terminate investment management agreements covering assets backing reserves and surplus in ACRA, which may adversely affect our investment results.
  • ACRA System IMA Termination Rights
  • Termination by Apollo
  • Interruption or other operational failures in telecommunications, information technology and other operational systems at Apollo or a failure to maintain the security, integrity, confidentiality or privacy of sensitive data residing on Apollo’s systems, including as a result of human error, could have a material adverse effect on our business.
  • The historical investment portfolio performance of Apollo should not be considered as indicative of the future results of our investment portfolio, or our future results or our ability to declare and pay dividends on our preferred stock.
  • The returns that we expect to achieve on our investment portfolio may not be realized.
  • Risks Relating to Insurance and Other Regulatory Matters
  • Our industry is highly regulated and we are subject to significant legal restrictions and obligations, and these restrictions and obligations may have a material adverse effect on our business, financial condition, results of operations, liquidity, cash flows and prospects.
  • Our failure to obtain or maintain licenses and/or other regulatory approvals as required for the operations of our insurance subsidiaries may have a material adverse effect on our business, financial condition, results of operations, liquidity, cash flows and prospects.
  • Changes in legal and regulatory requirements, including through the adoption of executive orders, governing the insurance industry or otherwise applicable to our business, may have a material adverse effect on our business, financial condition, results of operations, liquidity, cash flows and prospects.
  • Risks Relating to Taxation
  • The tax treatment of our structure is complex and may be subject to change as a result of new laws or regulations or differing interpretations of existing laws and regulations, under audit or otherwise, potentially on a retroactive basis.
  • Our ownership of certain non-US entities could cause us to be subject to US federal income tax in amounts greater than expected, which could adversely affect the value of your investment.
  • AHL may be subject to UK taxation by reason of its historic UK tax residency or as a result of ceasing to be a UK tax resident.
  • The Base Erosion and Anti-Abuse Tax (BEAT) may significantly increase our tax liability.
  • Changes in tax law could adversely impact our earnings.
  • There is US income tax risk associated with reinsurance between US insurance companies and their Bermuda affiliates.
  • The Bermuda Corporate Income Tax Act 2023, or other changes in Bermuda tax laws, may negatively affect our earnings and results from operations.
  • Risks Relating to Investment in Our Securities
  • AHL is a holding company with limited operations of its own. As a consequence, AHL’s ability to pay dividends on its securities and to make timely payments on its debt obligations will depend on the ability of its subsidiaries to make distributions or other payments to it, which may be restricted by law.
  • Our certificate of incorporation provides that the Court of Chancery of the State of Delaware is the sole and exclusive forum for certain legal actions between us and our stockholders, which could limit our stockholders’ ability to obtain a judicial forum viewed by the stockholders as more favorable for disputes with us or our directors, officers or employees, and the enforceability of the exclusive forum provision may be subject to uncertainty.
  • General Risk Factors
  • Our business may be the target or subject of, and we may be required to defend against or respond to, litigation, regulatory investigations, enforcement actions or reputational harm.

Legal proceedings

We are subject to litigation arising in the ordinary course of our business, including litigation principally relating to our retail business. We cannot assure you that our insurance coverage will be adequate to cover all liabilities arising out of such claims. The outcomes of legal proceedings and claims brought against us are subject to significant uncertainty. There is significant judgment required in assessing both the probability of an adverse outcome and the determination as to whether an exposure can be reasonably estimated. In management’s opinion, the ultimate disposition of any current legal proceedings or claims brought against us will not have a material effect on our financial condition, results of operations or cash flows. Litigation is, however, inherently uncertain and an adverse outcome from such litigation could have a material effect on the operating results of a particular reporting period.

From time to time, in the ordinary course of business and like others in the insurance and financial services industries, we receive requests for information from government agencies in connection with such agencies’ regulatory or investigatory authority. Such requests can include financial or market conduct examinations, subpoenas or demand letters for documents to assist such agencies in audits or investigations. We and each of our US insurance subsidiaries review such requests and notices and take appropriate action. We have been subject to certain requests for information and investigations in the past and could be subject to them in the future.

Descriptions of certain legal proceedings affecting us, if any, are included in Note 16 – Commitments and Contingencies to the consolidated financial statements.

The opening of Item 3, Legal Proceedings.8

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