Athene revises Q4/FY2023 tax benefit down $129M on Bermuda CIT deferred tax adjustment

Athene Holding Ltd.

Deferred tax asset estimate reduced from $1.9B to $1.8B as of Dec 31, 2023.
Q4 2023 income tax benefit revised to $1,619M (from $1,748M); FY2023 to $1,161M (from $1,290M).
Net income, total equity, and effective tax rate also revised; Spread Related Earnings unchanged.
Change stems from review of Bermuda Corporate Income Tax Act 2023 enacted Dec 27, 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Athene Holding Ltd. reported Q4 2023 results: net income $1,619 million for Q4 2023 (revised from $1,748 million) and $1,161 million for full year (revised from $1,290 million).

Period: Q4 2023
Net income: $1,619 million for Q4 2023 (revised from $1,748 million) and $1,161 million for full year (revised from $1,290 million)
Result: reported results

Exact text from the filing

Reflecting this change, the Company's income tax benefit for the fourth quarter and year ended December 31, 2023 has been revised to $1,619 million (from $1,748 million) and $1,161 million (from $1,290 million), respectively.

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Source: SEC EDGAR

accession 0001527469-24-000019

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