earnings
confidence high
sentiment negative
materiality 0.80
Athene Q4 GAAP net income $306M; full-year 2022 net loss $4.3B; spread earnings $636M
Athene Holding Ltd.
- Q4 GAAP net income available to common shareholder $306M, compared to losses in prior three quarters.
- Spread related earnings (pre-tax) $636M, up 10% Q/Q and 40% Y/Y; net investment spread 1.73%.
- Total gross inflows $11.29B, down 13% Q/Q but up 21% Y/Y; net flows only $226M due to $4.86B strategic reinsurance outflow.
- Adjusted debt-to-capital ratio 15.6% (vs 14.5% in Q3); net invested assets $196.5B (+1% Q/Q).
- Total AHL shareholders' equity dropped to $916M from $20.1B at end-2021, driven by GAAP losses and OCI.