earnings
confidence high
sentiment negative
materiality 0.80
Athene reports Q3 GAAP net loss of $936M; spread earnings up 5% YoY to $576M
Athene Holding Ltd.
- GAAP net loss available to common shareholder was $936M in Q3 2022 vs income of $698M in Q3 2021.
- Spread related earnings (pre-tax) rose 5% YoY to $576M; net spread declined 15bps to 1.20%.
- Total gross inflows of $12.96B increased 9% YoY; net flows of $5.96B fell 21% YoY.
- Net investment spread contracted 13bps to 1.60% YoY; adjusted common equity was $15.05B, up 5%.
- Adjusted debt-to-capital ratio improved to 14.5% from 14.9% in Q4 2021.