earnings
confidence high
sentiment positive
materiality 0.70
Athene posts Q1 2023 net income of $721M vs prior-year loss; spread related earnings up 2%
Athene Holding Ltd.
- GAAP net income available to common shareholder $721M, versus loss of $1,050M in Q1 2022; ROA 1.15%.
- Spread related earnings $687M, up 2% YoY; net spread 1.36%, down 13 bps YoY.
- Total gross inflows $11.9B, up 3% YoY; net invested assets $206.7B, up 12% YoY.
- Adjusted net investment spread normalized at 2.08%, up 54 bps YoY; adjusted debt-to-capital ratio 14.7%.