00015274692022Q112/31false00015274692022-01-012022-03-310001527469us-gaap:SeriesAPreferredStockMember2022-01-012022-03-310001527469us-gaap:SeriesBPreferredStockMember2022-01-012022-03-310001527469us-gaap:SeriesCPreferredStockMember2022-01-012022-03-310001527469us-gaap:SeriesDPreferredStockMember2022-01-012022-03-3100015274692022-04-30xbrli:shares0001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-31iso4217:USD0001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberahl:InvestmentsExcludingInvestmentsInRelatedPartyMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberahl:InvestmentsExcludingInvestmentsInRelatedPartyMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-3100015274692022-03-3100015274692021-12-310001527469srt:AffiliatedEntityMember2022-03-310001527469srt:AffiliatedEntityMember2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMembersrt:AffiliatedEntityMember2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310001527469ahl:ConsolidatedEntityAffiliatedEntityAndVIEPrimaryBeneficiaryMember2021-03-310001527469ahl:ConsolidatedEntityAffiliatedEntityAndVIEPrimaryBeneficiaryMember2021-12-310001527469us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310001527469us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-03-310001527469ahl:ConsolidatedEntityAffiliatedEntityAndVIEPrimaryBeneficiaryMember2022-03-310001527469us-gaap:SeriesAPreferredStockMember2021-12-31iso4217:USDxbrli:shares0001527469us-gaap:SeriesAPreferredStockMember2022-03-310001527469us-gaap:SeriesBPreferredStockMember2022-03-310001527469us-gaap:SeriesBPreferredStockMember2021-12-310001527469us-gaap:SeriesCPreferredStockMember2022-03-310001527469us-gaap:SeriesCPreferredStockMember2021-12-310001527469us-gaap:SeriesDPreferredStockMember2022-03-310001527469us-gaap:SeriesDPreferredStockMember2021-12-310001527469us-gaap:CommonClassAMember2021-12-310001527469us-gaap:CommonClassAMember2022-03-310001527469srt:AffiliatedEntityMember2022-01-012022-03-310001527469srt:AffiliatedEntityMember2021-01-012021-03-3100015274692021-01-012021-03-310001527469srt:ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember2022-01-012022-03-310001527469srt:ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember2021-01-012021-03-310001527469us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-01-012022-03-310001527469us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-01-012021-03-310001527469us-gaap:PreferredStockMember2022-01-010001527469us-gaap:CommonStockMember2022-01-010001527469us-gaap:AdditionalPaidInCapitalMember2022-01-010001527469us-gaap:RetainedEarningsMember2022-01-010001527469us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-010001527469us-gaap:ParentMember2022-01-010001527469us-gaap:NoncontrollingInterestMember2022-01-0100015274692022-01-010001527469us-gaap:RetainedEarningsMember2022-01-022022-03-310001527469us-gaap:ParentMember2022-01-022022-03-310001527469us-gaap:NoncontrollingInterestMember2022-01-022022-03-3100015274692022-01-022022-03-310001527469us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-022022-03-310001527469us-gaap:AdditionalPaidInCapitalMember2022-01-022022-03-310001527469us-gaap:PreferredStockMember2022-03-310001527469us-gaap:CommonStockMember2022-03-310001527469us-gaap:AdditionalPaidInCapitalMember2022-03-310001527469us-gaap:RetainedEarningsMember2022-03-310001527469us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-03-310001527469us-gaap:ParentMember2022-03-310001527469us-gaap:NoncontrollingInterestMember2022-03-310001527469us-gaap:PreferredStockMember2020-12-310001527469us-gaap:CommonStockMember2020-12-310001527469us-gaap:AdditionalPaidInCapitalMember2020-12-310001527469us-gaap:RetainedEarningsMember2020-12-310001527469us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-310001527469us-gaap:ParentMember2020-12-310001527469us-gaap:NoncontrollingInterestMember2020-12-3100015274692020-12-310001527469us-gaap:RetainedEarningsMember2021-01-012021-03-310001527469us-gaap:ParentMember2021-01-012021-03-310001527469us-gaap:NoncontrollingInterestMember2021-01-012021-03-310001527469us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-03-310001527469us-gaap:AdditionalPaidInCapitalMemberus-gaap:CommonStockMember2021-01-012021-03-310001527469us-gaap:ParentMemberus-gaap:CommonStockMember2021-01-012021-03-310001527469us-gaap:CommonStockMember2021-01-012021-03-310001527469us-gaap:AdditionalPaidInCapitalMember2021-01-012021-03-310001527469us-gaap:PreferredStockMember2021-03-310001527469us-gaap:CommonStockMember2021-03-310001527469us-gaap:AdditionalPaidInCapitalMember2021-03-310001527469us-gaap:RetainedEarningsMember2021-03-310001527469us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-03-310001527469us-gaap:ParentMember2021-03-310001527469us-gaap:NoncontrollingInterestMember2021-03-3100015274692021-03-310001527469srt:AffiliatedEntityMemberus-gaap:EquitySecuritiesMember2022-01-012022-03-310001527469srt:AffiliatedEntityMemberus-gaap:EquitySecuritiesMember2021-01-012021-03-310001527469ahl:ReinsuranceSettlementsMember2022-01-012022-03-310001527469ahl:ReinsuranceSettlementsMember2021-01-012021-03-310001527469ahl:PensionRiskTransferPremiumsMember2022-01-012022-03-310001527469ahl:PensionRiskTransferPremiumsMember2021-01-012021-03-310001527469us-gaap:DividendDeclaredMember2022-01-012022-03-310001527469us-gaap:DividendDeclaredMember2021-01-012021-03-310001527469ahl:ApolloGlobalManagementIncMember2022-01-012022-01-010001527469us-gaap:CommonClassAMemberahl:ApolloGlobalManagementIncMember2022-01-010001527469ahl:ApolloandAffiliatesMemberahl:ApolloGlobalManagementIncMember2022-01-010001527469ahl:ApolloGlobalManagementIncMember2022-01-01xbrli:pure0001527469us-gaap:PreferredStockMemberahl:ApolloGlobalManagementIncMember2022-01-010001527469ahl:ApolloGlobalManagementIncMembersrt:AffiliatedEntityMember2022-01-010001527469us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberahl:ApolloGlobalManagementIncMember2022-01-010001527469ahl:ApolloGlobalManagementIncMember2021-12-310001527469us-gaap:InsuranceContractsAcquiredInBusinessCombinationMemberahl:ApolloGlobalManagementIncMember2022-01-012022-01-010001527469us-gaap:DistributionRightsMemberahl:ApolloGlobalManagementIncMember2022-01-012022-01-010001527469us-gaap:TradeNamesMemberahl:ApolloGlobalManagementIncMember2022-01-012022-01-010001527469ahl:ApolloGlobalManagementIncMemberus-gaap:LicensingAgreementsMember2022-01-012022-01-010001527469us-gaap:USTreasuryAndGovernmentMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:USStatesAndPoliticalSubdivisionsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:ForeignGovernmentDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:CorporateDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:CollateralizedDebtObligationsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMember2022-03-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:CommercialMortgageBackedSecuritiesMember2022-03-310001527469us-gaap:ResidentialMortgageBackedSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:CorporateDebtSecuritiesMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:CollateralizedDebtObligationsMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:AssetBackedSecuritiesMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:USTreasuryAndGovernmentMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:USStatesAndPoliticalSubdivisionsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:ForeignGovernmentDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:CorporateDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:CollateralizedDebtObligationsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMember2021-12-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:CommercialMortgageBackedSecuritiesMember2021-12-310001527469us-gaap:ResidentialMortgageBackedSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:CorporateDebtSecuritiesMembersrt:AffiliatedEntityMember2021-12-310001527469us-gaap:CollateralizedDebtObligationsMembersrt:AffiliatedEntityMember2021-12-310001527469us-gaap:AssetBackedSecuritiesMembersrt:AffiliatedEntityMember2021-12-31ahl:security0001527469us-gaap:ForeignGovernmentDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-01-010001527469us-gaap:ForeignGovernmentDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-01-012022-03-310001527469us-gaap:CorporateDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-01-010001527469us-gaap:CorporateDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-01-012022-03-310001527469us-gaap:CollateralizedDebtObligationsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-01-010001527469us-gaap:CollateralizedDebtObligationsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-01-012022-03-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMember2022-01-010001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMember2022-01-012022-03-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:CommercialMortgageBackedSecuritiesMember2022-01-010001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:CommercialMortgageBackedSecuritiesMember2022-01-012022-03-310001527469us-gaap:ResidentialMortgageBackedSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-01-010001527469us-gaap:ResidentialMortgageBackedSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-01-012022-03-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-01-010001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-01-012022-03-310001527469us-gaap:CollateralizedDebtObligationsMembersrt:AffiliatedEntityMember2022-01-010001527469us-gaap:CollateralizedDebtObligationsMembersrt:AffiliatedEntityMember2022-01-012022-03-310001527469us-gaap:AssetBackedSecuritiesMembersrt:AffiliatedEntityMember2022-01-010001527469us-gaap:AssetBackedSecuritiesMembersrt:AffiliatedEntityMember2022-01-012022-03-310001527469srt:AffiliatedEntityMember2022-01-010001527469us-gaap:CorporateDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2020-12-310001527469us-gaap:CorporateDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-01-012021-03-310001527469us-gaap:CorporateDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-03-310001527469us-gaap:CollateralizedDebtObligationsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2020-12-310001527469us-gaap:CollateralizedDebtObligationsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-01-012021-03-310001527469us-gaap:CollateralizedDebtObligationsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-03-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMember2020-12-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMember2021-01-012021-03-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMember2021-03-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:CommercialMortgageBackedSecuritiesMember2020-12-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:CommercialMortgageBackedSecuritiesMember2021-01-012021-03-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:CommercialMortgageBackedSecuritiesMember2021-03-310001527469us-gaap:ResidentialMortgageBackedSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2020-12-310001527469us-gaap:ResidentialMortgageBackedSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-01-012021-03-310001527469us-gaap:ResidentialMortgageBackedSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-03-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMember2020-12-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-01-012021-03-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-03-310001527469us-gaap:CollateralizedDebtObligationsMembersrt:AffiliatedEntityMember2020-12-310001527469us-gaap:CollateralizedDebtObligationsMembersrt:AffiliatedEntityMember2021-01-012021-03-310001527469us-gaap:CollateralizedDebtObligationsMembersrt:AffiliatedEntityMember2021-03-310001527469us-gaap:AvailableforsaleSecuritiesMember2022-01-012022-03-310001527469us-gaap:AvailableforsaleSecuritiesMember2021-01-012021-03-310001527469ahl:DebtSecuritiesTradingMember2022-01-012022-03-310001527469ahl:DebtSecuritiesTradingMember2021-01-012021-03-310001527469us-gaap:EquitySecuritiesMember2022-01-012022-03-310001527469us-gaap:EquitySecuritiesMember2021-01-012021-03-310001527469us-gaap:MortgagesMember2022-01-012022-03-310001527469us-gaap:MortgagesMember2021-01-012021-03-310001527469ahl:InvestmentFundsMember2022-01-012022-03-310001527469ahl:InvestmentFundsMember2021-01-012021-03-310001527469ahl:FundsWithheldatInterestMember2022-01-012022-03-310001527469ahl:FundsWithheldatInterestMember2021-01-012021-03-310001527469us-gaap:OtherInvestmentsMember2022-01-012022-03-310001527469us-gaap:OtherInvestmentsMember2021-01-012021-03-310001527469us-gaap:LoansReceivableMember2022-01-012022-03-310001527469us-gaap:LoansReceivableMember2021-01-012021-03-310001527469us-gaap:MaturityOvernightAndOnDemandMember2022-03-310001527469us-gaap:MaturityUpTo30DaysMember2022-03-310001527469us-gaap:Maturity30To90DaysMember2022-03-310001527469ahl:A90Daysto1YearMember2022-03-310001527469ahl:MaturityGreaterthan1YearMember2022-03-310001527469us-gaap:MaturityOvernightAndOnDemandMember2021-12-310001527469us-gaap:MaturityUpTo30DaysMember2021-12-310001527469us-gaap:Maturity30To90DaysMember2021-12-310001527469ahl:A90Daysto1YearMember2021-12-310001527469ahl:MaturityGreaterthan1YearMember2021-12-310001527469us-gaap:USTreasuryAndGovernmentMemberus-gaap:AvailableforsaleSecuritiesMember2022-03-310001527469us-gaap:USTreasuryAndGovernmentMemberus-gaap:AvailableforsaleSecuritiesMember2021-12-310001527469us-gaap:CorporateDebtSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2022-03-310001527469us-gaap:CorporateDebtSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2021-12-310001527469us-gaap:CollateralizedLoanObligationsMemberus-gaap:AvailableforsaleSecuritiesMember2022-03-310001527469us-gaap:CollateralizedLoanObligationsMemberus-gaap:AvailableforsaleSecuritiesMember2021-12-310001527469ahl:CommercialMortgageLoansExcludingLoansUnderDevelopmentMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-03-310001527469ahl:CommercialMortgageLoansUnderDevelopmentMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-03-310001527469us-gaap:CommercialRealEstatePortfolioSegmentMember2022-03-310001527469us-gaap:ResidentialMortgageMember2022-03-310001527469ahl:CommercialMortgageLoansExcludingLoansUnderDevelopmentMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310001527469ahl:CommercialMortgageLoansUnderDevelopmentMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310001527469us-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310001527469us-gaap:ResidentialMortgageMember2021-12-310001527469srt:OfficeBuildingMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-03-310001527469ahl:MortgageLoansNetMembersrt:OfficeBuildingMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberahl:PropertyTypeConcentrationRiskMember2021-06-302021-06-300001527469srt:OfficeBuildingMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310001527469ahl:MortgageLoansNetMembersrt:OfficeBuildingMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberahl:PropertyTypeConcentrationRiskMember2020-12-312020-12-310001527469us-gaap:CommercialRealEstatePortfolioSegmentMembersrt:RetailSiteMember2022-03-310001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberahl:PropertyTypeConcentrationRiskMembersrt:RetailSiteMember2021-06-302021-06-300001527469us-gaap:CommercialRealEstatePortfolioSegmentMembersrt:RetailSiteMember2021-12-310001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberahl:PropertyTypeConcentrationRiskMembersrt:RetailSiteMember2020-12-312020-12-310001527469us-gaap:CommercialRealEstatePortfolioSegmentMembersrt:ApartmentBuildingMember2022-03-310001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberahl:PropertyTypeConcentrationRiskMembersrt:ApartmentBuildingMember2021-06-302021-06-300001527469us-gaap:CommercialRealEstatePortfolioSegmentMembersrt:ApartmentBuildingMember2021-12-310001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberahl:PropertyTypeConcentrationRiskMembersrt:ApartmentBuildingMember2020-12-312020-12-310001527469us-gaap:CommercialRealEstatePortfolioSegmentMembersrt:HotelMember2022-03-310001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMembersrt:HotelMemberahl:PropertyTypeConcentrationRiskMember2021-06-302021-06-300001527469us-gaap:CommercialRealEstatePortfolioSegmentMembersrt:HotelMember2021-12-310001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMembersrt:HotelMemberahl:PropertyTypeConcentrationRiskMember2020-12-312020-12-310001527469us-gaap:CommercialRealEstatePortfolioSegmentMembersrt:IndustrialPropertyMember2022-03-310001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMembersrt:IndustrialPropertyMemberahl:PropertyTypeConcentrationRiskMember2021-06-302021-06-300001527469us-gaap:CommercialRealEstatePortfolioSegmentMembersrt:IndustrialPropertyMember2021-12-310001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMembersrt:IndustrialPropertyMemberahl:PropertyTypeConcentrationRiskMember2020-12-312020-12-310001527469srt:OtherPropertyMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-03-310001527469ahl:MortgageLoansNetMembersrt:OtherPropertyMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberahl:PropertyTypeConcentrationRiskMember2021-06-302021-06-300001527469srt:OtherPropertyMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310001527469ahl:MortgageLoansNetMembersrt:OtherPropertyMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberahl:PropertyTypeConcentrationRiskMember2020-12-312020-12-310001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberahl:PropertyTypeConcentrationRiskMember2021-06-302021-06-300001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberahl:PropertyTypeConcentrationRiskMember2020-12-312020-12-310001527469ahl:U.SEastNorthCentralMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-03-310001527469ahl:MortgageLoansNetMemberahl:U.SEastNorthCentralMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:GeographicConcentrationRiskMember2021-06-302021-06-300001527469ahl:U.SEastNorthCentralMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310001527469ahl:MortgageLoansNetMemberahl:U.SEastNorthCentralMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:GeographicConcentrationRiskMember2020-12-312020-12-310001527469us-gaap:CommercialRealEstatePortfolioSegmentMemberahl:U.S.EastSouthCentralMember2022-03-310001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:GeographicConcentrationRiskMemberahl:U.S.EastSouthCentralMember2021-06-302021-06-300001527469us-gaap:CommercialRealEstatePortfolioSegmentMemberahl:U.S.EastSouthCentralMember2021-12-310001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:GeographicConcentrationRiskMemberahl:U.S.EastSouthCentralMember2020-12-312020-12-310001527469ahl:U.S.MiddleAtlanticMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-03-310001527469ahl:MortgageLoansNetMemberahl:U.S.MiddleAtlanticMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:GeographicConcentrationRiskMember2021-06-302021-06-300001527469ahl:U.S.MiddleAtlanticMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310001527469ahl:MortgageLoansNetMemberahl:U.S.MiddleAtlanticMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:GeographicConcentrationRiskMember2020-12-312020-12-310001527469us-gaap:CommercialRealEstatePortfolioSegmentMemberahl:U.S.MountainMember2022-03-310001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:GeographicConcentrationRiskMemberahl:U.S.MountainMember2021-06-302021-06-300001527469us-gaap:CommercialRealEstatePortfolioSegmentMemberahl:U.S.MountainMember2021-12-310001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:GeographicConcentrationRiskMemberahl:U.S.MountainMember2020-12-312020-12-310001527469us-gaap:CommercialRealEstatePortfolioSegmentMemberahl:U.S.NewEnglandMember2022-03-310001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberahl:U.S.NewEnglandMemberus-gaap:GeographicConcentrationRiskMember2021-06-302021-06-300001527469us-gaap:CommercialRealEstatePortfolioSegmentMemberahl:U.S.NewEnglandMember2021-12-310001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberahl:U.S.NewEnglandMemberus-gaap:GeographicConcentrationRiskMember2020-12-312020-12-310001527469us-gaap:CommercialRealEstatePortfolioSegmentMemberahl:U.S.PacificMember2022-03-310001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:GeographicConcentrationRiskMemberahl:U.S.PacificMember2021-06-302021-06-300001527469us-gaap:CommercialRealEstatePortfolioSegmentMemberahl:U.S.PacificMember2021-12-310001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:GeographicConcentrationRiskMemberahl:U.S.PacificMember2020-12-312020-12-310001527469us-gaap:CommercialRealEstatePortfolioSegmentMemberahl:U.S.SouthAtlanticMember2022-03-310001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:GeographicConcentrationRiskMemberahl:U.S.SouthAtlanticMember2021-06-302021-06-300001527469us-gaap:CommercialRealEstatePortfolioSegmentMemberahl:U.S.SouthAtlanticMember2021-12-310001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:GeographicConcentrationRiskMemberahl:U.S.SouthAtlanticMember2020-12-312020-12-310001527469us-gaap:CommercialRealEstatePortfolioSegmentMemberahl:U.S.WestNorthCentralMember2022-03-310001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:GeographicConcentrationRiskMemberahl:U.S.WestNorthCentralMember2021-06-302021-06-300001527469us-gaap:CommercialRealEstatePortfolioSegmentMemberahl:U.S.WestNorthCentralMember2021-12-310001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:GeographicConcentrationRiskMemberahl:U.S.WestNorthCentralMember2020-12-312020-12-310001527469us-gaap:CommercialRealEstatePortfolioSegmentMemberahl:U.S.WestSouthCentralMember2022-03-310001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:GeographicConcentrationRiskMemberahl:U.S.WestSouthCentralMember2021-06-302021-06-300001527469us-gaap:CommercialRealEstatePortfolioSegmentMemberahl:U.S.WestSouthCentralMember2021-12-310001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:GeographicConcentrationRiskMemberahl:U.S.WestSouthCentralMember2020-12-312020-12-310001527469country:USus-gaap:CommercialRealEstatePortfolioSegmentMember2022-03-310001527469ahl:MortgageLoansNetMembercountry:USus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:GeographicConcentrationRiskMember2021-06-302021-06-300001527469country:USus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310001527469ahl:MortgageLoansNetMembercountry:USus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:GeographicConcentrationRiskMember2020-12-312020-12-310001527469us-gaap:CommercialRealEstatePortfolioSegmentMembercountry:GB2022-03-310001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMembercountry:GBus-gaap:GeographicConcentrationRiskMember2021-06-302021-06-300001527469us-gaap:CommercialRealEstatePortfolioSegmentMembercountry:GB2021-12-310001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMembercountry:GBus-gaap:GeographicConcentrationRiskMember2020-12-312020-12-310001527469ahl:InternationalOtherMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-03-310001527469ahl:MortgageLoansNetMemberahl:InternationalOtherMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:GeographicConcentrationRiskMember2021-06-302021-06-300001527469ahl:InternationalOtherMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310001527469ahl:MortgageLoansNetMemberahl:InternationalOtherMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:GeographicConcentrationRiskMember2020-12-312020-12-310001527469ahl:InternationalMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-03-310001527469ahl:InternationalMemberahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:GeographicConcentrationRiskMember2021-06-302021-06-300001527469ahl:InternationalMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310001527469ahl:InternationalMemberahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:GeographicConcentrationRiskMember2020-12-312020-12-310001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:GeographicConcentrationRiskMember2021-06-302021-06-300001527469ahl:MortgageLoansNetMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:GeographicConcentrationRiskMember2020-12-312020-12-310001527469us-gaap:ResidentialMortgageMemberahl:MortgageLoansNetMemberus-gaap:GeographicConcentrationRiskMemberstpr:CA2021-03-312021-03-310001527469us-gaap:ResidentialMortgageMemberahl:MortgageLoansNetMemberus-gaap:GeographicConcentrationRiskMemberstpr:CA2021-12-312021-12-310001527469us-gaap:ResidentialMortgageMemberahl:MortgageLoansNetMemberus-gaap:GeographicConcentrationRiskMemberstpr:FL2021-03-312021-03-310001527469us-gaap:ResidentialMortgageMemberahl:MortgageLoansNetMemberus-gaap:GeographicConcentrationRiskMemberstpr:FL2021-12-312021-12-310001527469us-gaap:ResidentialMortgageMemberahl:MortgageLoansNetMemberstpr:NYus-gaap:GeographicConcentrationRiskMember2021-03-312021-03-310001527469us-gaap:ResidentialMortgageMemberahl:MortgageLoansNetMemberstpr:NYus-gaap:GeographicConcentrationRiskMember2021-12-312021-12-310001527469us-gaap:ResidentialMortgageMemberahl:MortgageLoansNetMemberahl:OtherU.S.StatesMemberus-gaap:GeographicConcentrationRiskMember2021-03-312021-03-310001527469us-gaap:ResidentialMortgageMemberahl:MortgageLoansNetMemberahl:OtherU.S.StatesMemberus-gaap:GeographicConcentrationRiskMember2021-12-312021-12-310001527469us-gaap:ResidentialMortgageMemberahl:MortgageLoansNetMembercountry:USus-gaap:GeographicConcentrationRiskMember2021-03-312021-03-310001527469us-gaap:ResidentialMortgageMemberahl:MortgageLoansNetMembercountry:USus-gaap:GeographicConcentrationRiskMember2021-12-312021-12-310001527469us-gaap:ResidentialMortgageMembercountry:IEahl:MortgageLoansNetMemberus-gaap:GeographicConcentrationRiskMember2021-03-312021-03-310001527469us-gaap:ResidentialMortgageMembercountry:IEahl:MortgageLoansNetMemberus-gaap:GeographicConcentrationRiskMember2021-12-312021-12-310001527469us-gaap:ResidentialMortgageMemberahl:MortgageLoansNetMemberahl:InternationalOtherMemberus-gaap:GeographicConcentrationRiskMember2021-03-312021-03-310001527469us-gaap:ResidentialMortgageMemberahl:MortgageLoansNetMemberahl:InternationalOtherMemberus-gaap:GeographicConcentrationRiskMember2021-12-312021-12-310001527469us-gaap:ResidentialMortgageMemberahl:InternationalMemberahl:MortgageLoansNetMemberus-gaap:GeographicConcentrationRiskMember2021-03-312021-03-310001527469us-gaap:ResidentialMortgageMemberahl:InternationalMemberahl:MortgageLoansNetMemberus-gaap:GeographicConcentrationRiskMember2021-12-312021-12-310001527469us-gaap:ResidentialMortgageMemberahl:MortgageLoansNetMemberus-gaap:GeographicConcentrationRiskMember2021-03-312021-03-310001527469us-gaap:ResidentialMortgageMemberahl:MortgageLoansNetMemberus-gaap:GeographicConcentrationRiskMember2021-12-312021-12-310001527469us-gaap:RealEstateFundsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:RealEstateFundsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469ahl:CreditFundsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469ahl:CreditFundsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:PrivateEquityFundsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:PrivateEquityFundsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469ahl:RealAssetsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469ahl:RealAssetsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469ahl:DifferentiatedInvestmentsMemberahl:AthoraHoldingLtd.Membersrt:AffiliatedEntityMember2022-03-310001527469ahl:DifferentiatedInvestmentsMemberahl:AthoraHoldingLtd.Membersrt:AffiliatedEntityMember2021-12-310001527469ahl:DifferentiatedInvestmentsMemberahl:AtheneFreedomHoldingsLPMembersrt:AffiliatedEntityMember2022-03-310001527469ahl:DifferentiatedInvestmentsMemberahl:AtheneFreedomHoldingsLPMembersrt:AffiliatedEntityMember2021-12-310001527469ahl:DifferentiatedInvestmentsMemberahl:CatalinaHoldingsBermudaLtdMembersrt:AffiliatedEntityMember2022-03-310001527469ahl:DifferentiatedInvestmentsMemberahl:CatalinaHoldingsBermudaLtdMembersrt:AffiliatedEntityMember2021-12-310001527469ahl:VenerableHoldingsInc.Memberahl:DifferentiatedInvestmentsMembersrt:AffiliatedEntityMember2022-03-310001527469ahl:VenerableHoldingsInc.Memberahl:DifferentiatedInvestmentsMembersrt:AffiliatedEntityMember2021-12-310001527469ahl:DifferentiatedInvestmentsMemberus-gaap:IndividuallyImmaterialCounterpartiesMembersrt:AffiliatedEntityMember2022-03-310001527469ahl:DifferentiatedInvestmentsMemberus-gaap:IndividuallyImmaterialCounterpartiesMembersrt:AffiliatedEntityMember2021-12-310001527469ahl:DifferentiatedInvestmentsMembersrt:AffiliatedEntityMember2022-03-310001527469ahl:DifferentiatedInvestmentsMembersrt:AffiliatedEntityMember2021-12-310001527469us-gaap:RealEstateFundsMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:RealEstateFundsMembersrt:AffiliatedEntityMember2021-12-310001527469ahl:CreditFundsMembersrt:AffiliatedEntityMember2022-03-310001527469ahl:CreditFundsMembersrt:AffiliatedEntityMember2021-12-310001527469us-gaap:PrivateEquityFundsMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:PrivateEquityFundsMembersrt:AffiliatedEntityMember2021-12-310001527469us-gaap:CommoditiesInvestmentMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:CommoditiesInvestmentMembersrt:AffiliatedEntityMember2021-12-310001527469ahl:RealAssetsMembersrt:AffiliatedEntityMember2022-03-310001527469ahl:RealAssetsMembersrt:AffiliatedEntityMember2021-12-310001527469us-gaap:EquitySecuritiesMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:EquitySecuritiesMembersrt:AffiliatedEntityMember2021-12-310001527469ahl:ApolloandAffiliatesMemberahl:OtherFundMembersrt:AffiliatedEntityMember2022-03-310001527469ahl:ApolloandAffiliatesMemberahl:OtherFundMembersrt:AffiliatedEntityMember2021-12-310001527469ahl:DifferentiatedInvestmentsMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-03-310001527469ahl:DifferentiatedInvestmentsMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-12-310001527469us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:PrivateEquityFundsMember2022-03-310001527469us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:PrivateEquityFundsMember2021-12-310001527469us-gaap:CommoditiesInvestmentMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-03-310001527469us-gaap:CommoditiesInvestmentMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-12-310001527469us-gaap:RealEstateFundsMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-03-310001527469us-gaap:RealEstateFundsMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-12-310001527469ahl:CreditFundsMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-03-310001527469ahl:CreditFundsMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-12-310001527469ahl:RealAssetsMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-03-310001527469ahl:RealAssetsMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-12-310001527469ahl:InvestmentFundsMemberahl:VariableInterestEntityNotPrimaryBeneficiaryConsolidatedEntityExcludingAffiliatedMember2022-03-310001527469ahl:InvestmentFundsMemberahl:VariableInterestEntityNotPrimaryBeneficiaryConsolidatedEntityExcludingAffiliatedMember2021-12-310001527469ahl:InvestmentFundsMemberahl:VariableInterestEntityNotPrimaryBeneficiaryAffiliatedEntityMember2022-03-310001527469ahl:InvestmentFundsMemberahl:VariableInterestEntityNotPrimaryBeneficiaryAffiliatedEntityMember2021-12-310001527469ahl:InvestmentFundsMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2022-03-310001527469ahl:InvestmentFundsMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2021-12-310001527469us-gaap:DebtSecuritiesMemberahl:VariableInterestEntityNotPrimaryBeneficiaryConsolidatedEntityExcludingAffiliatedMember2022-03-310001527469us-gaap:DebtSecuritiesMemberahl:VariableInterestEntityNotPrimaryBeneficiaryConsolidatedEntityExcludingAffiliatedMember2021-12-310001527469us-gaap:DebtSecuritiesMemberahl:VariableInterestEntityNotPrimaryBeneficiaryAffiliatedEntityMember2022-03-310001527469us-gaap:DebtSecuritiesMemberahl:VariableInterestEntityNotPrimaryBeneficiaryAffiliatedEntityMember2021-12-310001527469us-gaap:EquitySecuritiesMemberahl:VariableInterestEntityNotPrimaryBeneficiaryAffiliatedEntityMember2022-03-310001527469us-gaap:EquitySecuritiesMemberahl:VariableInterestEntityNotPrimaryBeneficiaryAffiliatedEntityMember2021-12-310001527469us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2022-03-310001527469us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2021-12-310001527469us-gaap:StockholdersEquityTotalMemberahl:AtheneFreedomHoldingsLPMember2022-03-310001527469us-gaap:StockholdersEquityTotalMemberahl:AtheneFreedomHoldingsLPMember2021-12-310001527469us-gaap:StockholdersEquityTotalMemberahl:APTundraHoldingsLLCMember2022-03-310001527469us-gaap:StockholdersEquityTotalMemberahl:MidCapHoldingsMember2022-03-310001527469us-gaap:StockholdersEquityTotalMemberahl:PKAirFinanceMember2022-03-310001527469us-gaap:StockholdersEquityTotalMemberahl:SoftBankVisionFundIIMember2022-03-310001527469us-gaap:StockholdersEquityTotalMemberahl:APAristotleHoldingsLLCMember2022-03-310001527469us-gaap:CurrencySwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-03-310001527469us-gaap:CurrencySwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-12-310001527469us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeForwardMember2022-03-310001527469us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeForwardMember2021-12-310001527469us-gaap:CrossCurrencyInterestRateContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-03-310001527469us-gaap:CrossCurrencyInterestRateContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-12-310001527469us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeForwardMemberus-gaap:NetInvestmentHedgingMember2022-03-310001527469us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeForwardMemberus-gaap:NetInvestmentHedgingMember2021-12-310001527469us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-03-310001527469us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-12-310001527469us-gaap:DesignatedAsHedgingInstrumentMember2022-03-310001527469us-gaap:DesignatedAsHedgingInstrumentMember2021-12-310001527469us-gaap:NondesignatedMemberus-gaap:StockOptionMember2022-03-310001527469us-gaap:NondesignatedMemberus-gaap:StockOptionMember2021-12-310001527469us-gaap:FutureMemberus-gaap:NondesignatedMember2022-03-310001527469us-gaap:FutureMemberus-gaap:NondesignatedMember2021-12-310001527469us-gaap:NondesignatedMemberus-gaap:TotalReturnSwapMember2022-03-310001527469us-gaap:NondesignatedMemberus-gaap:TotalReturnSwapMember2021-12-310001527469us-gaap:NondesignatedMemberus-gaap:CurrencySwapMember2022-03-310001527469us-gaap:NondesignatedMemberus-gaap:CurrencySwapMember2021-12-310001527469us-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2022-03-310001527469us-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2021-12-310001527469us-gaap:CreditDefaultSwapMemberus-gaap:NondesignatedMember2022-03-310001527469us-gaap:CreditDefaultSwapMemberus-gaap:NondesignatedMember2021-12-310001527469us-gaap:NondesignatedMemberus-gaap:ForeignExchangeForwardMember2022-03-310001527469us-gaap:NondesignatedMemberus-gaap:ForeignExchangeForwardMember2021-12-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:NondesignatedMemberahl:FundsWithheldatInterestMember2022-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:NondesignatedMemberahl:FundsWithheldatInterestMember2021-12-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:NondesignatedMemberahl:InterestSensitiveContractsMember2022-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:NondesignatedMemberahl:InterestSensitiveContractsMember2021-12-310001527469us-gaap:NondesignatedMember2022-03-310001527469us-gaap:NondesignatedMember2021-12-310001527469us-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeForwardMember2021-01-012021-03-310001527469us-gaap:CashFlowHedgingMemberus-gaap:CurrencySwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-01-012021-03-310001527469us-gaap:CashFlowHedgingMemberus-gaap:CurrencySwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-01-012022-03-310001527469us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeForwardMemberus-gaap:AvailableforsaleSecuritiesMember2022-03-310001527469us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeForwardMemberus-gaap:AvailableforsaleSecuritiesMember2021-12-310001527469us-gaap:FairValueHedgingMemberus-gaap:CurrencySwapMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:AvailableforsaleSecuritiesMember2022-03-310001527469us-gaap:FairValueHedgingMemberus-gaap:CurrencySwapMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:AvailableforsaleSecuritiesMember2021-12-310001527469us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberahl:MortgageLoansNetMemberus-gaap:ForeignExchangeForwardMember2022-03-310001527469us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberahl:MortgageLoansNetMemberus-gaap:ForeignExchangeForwardMember2021-12-310001527469us-gaap:FairValueHedgingMemberahl:InterestSensitiveContractsMemberus-gaap:CurrencySwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-03-310001527469us-gaap:FairValueHedgingMemberahl:InterestSensitiveContractsMemberus-gaap:CurrencySwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-12-310001527469us-gaap:CrossCurrencyInterestRateContractMemberus-gaap:FairValueHedgingMemberahl:InterestSensitiveContractsMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-03-310001527469us-gaap:CrossCurrencyInterestRateContractMemberus-gaap:FairValueHedgingMemberahl:InterestSensitiveContractsMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-12-310001527469us-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMemberahl:InterestSensitiveContractsMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-03-310001527469us-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMemberahl:InterestSensitiveContractsMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-12-310001527469us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeForwardMemberus-gaap:GainLossOnInvestmentsMember12022-01-012022-03-310001527469us-gaap:FairValueHedgingMemberus-gaap:CurrencySwapMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:GainLossOnInvestmentsMember12022-01-012022-03-310001527469us-gaap:CrossCurrencyInterestRateContractMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:GainLossOnInvestmentsMember12022-01-012022-03-310001527469us-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:GainLossOnInvestmentsMember12022-01-012022-03-310001527469us-gaap:CrossCurrencyInterestRateContractMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberahl:InterestSensitiveContractBenefitsMember2022-01-012022-03-310001527469us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeForwardMemberus-gaap:GainLossOnInvestmentsMember12021-01-012021-03-310001527469us-gaap:CrossCurrencyInterestRateContractMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:GainLossOnInvestmentsMember12021-01-012021-03-310001527469us-gaap:CrossCurrencyInterestRateContractMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberahl:InterestSensitiveContractBenefitsMember2021-01-012021-03-310001527469us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeForwardMember2022-01-012022-03-310001527469us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeForwardMember2021-01-012021-03-310001527469us-gaap:FairValueHedgingMemberus-gaap:CurrencySwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-01-012022-03-310001527469us-gaap:FairValueHedgingMemberus-gaap:CurrencySwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-01-012021-03-310001527469us-gaap:NetInvestmentHedgingMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-01-012022-03-310001527469us-gaap:NetInvestmentHedgingMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-01-012021-03-310001527469us-gaap:StockOptionMemberus-gaap:GainLossOnInvestmentsMember12022-01-012022-03-310001527469us-gaap:StockOptionMemberus-gaap:GainLossOnInvestmentsMember12021-01-012021-03-310001527469us-gaap:FutureMemberus-gaap:GainLossOnInvestmentsMember12022-01-012022-03-310001527469us-gaap:FutureMemberus-gaap:GainLossOnInvestmentsMember12021-01-012021-03-310001527469us-gaap:SwapMemberus-gaap:GainLossOnInvestmentsMember12022-01-012022-03-310001527469us-gaap:SwapMemberus-gaap:GainLossOnInvestmentsMember12021-01-012021-03-310001527469us-gaap:ForeignExchangeForwardMemberus-gaap:GainLossOnInvestmentsMember12022-01-012022-03-310001527469us-gaap:ForeignExchangeForwardMemberus-gaap:GainLossOnInvestmentsMember12021-01-012021-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:GainLossOnInvestmentsMember12022-01-012022-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:GainLossOnInvestmentsMember12021-01-012021-03-310001527469us-gaap:GainLossOnInvestmentsMember12022-01-012022-03-310001527469us-gaap:GainLossOnInvestmentsMember12021-01-012021-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberahl:InterestSensitiveContractBenefitsMember2022-01-012022-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberahl:InterestSensitiveContractBenefitsMember2021-01-012021-03-310001527469us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:MortgagesMember2022-01-012022-03-310001527469us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:MortgagesMember2021-01-012021-03-310001527469us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberahl:InvestmentFundsMember2022-01-012022-03-310001527469us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberahl:InvestmentFundsMember2021-01-012021-03-310001527469us-gaap:SeniorNotesMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-03-310001527469srt:WeightedAverageMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:SeniorNotesMember2022-01-012022-03-310001527469us-gaap:SubordinatedDebtMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-03-310001527469us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:SecuredDebtMember2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueInputsLevel2Memberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2022-03-310001527469us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2022-03-310001527469us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:CorporateDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2022-03-310001527469us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMember2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Member2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMember2022-03-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMember2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:CommercialMortgageBackedSecuritiesMember2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Member2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:CommercialMortgageBackedSecuritiesMember2022-03-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:CommercialMortgageBackedSecuritiesMember2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:ResidentialMortgageBackedSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberus-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2022-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-03-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMembersrt:AffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:CorporateDebtSecuritiesMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueMeasurementsRecurringMembersrt:AffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2022-03-310001527469us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Membersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:AssetBackedSecuritiesMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMembersrt:AffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:AssetBackedSecuritiesMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMembersrt:AffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Membersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberus-gaap:FairValueMeasurementsRecurringMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:FairValueMeasurementsRecurringMembersrt:AffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2022-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Membersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:FairValueInputsLevel1Member2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-03-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-03-310001527469us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-03-310001527469us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2022-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001527469us-gaap:UniversalLifeMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-03-310001527469us-gaap:UniversalLifeMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2022-03-310001527469us-gaap:UniversalLifeMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-03-310001527469us-gaap:UniversalLifeMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001527469ahl:AmerUsClosedBlockMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-03-310001527469ahl:AmerUsClosedBlockMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2022-03-310001527469ahl:AmerUsClosedBlockMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-03-310001527469ahl:AmerUsClosedBlockMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:IndianapolisLifeInsuranceCompanyClosedBlockMember2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberahl:IndianapolisLifeInsuranceCompanyClosedBlockMemberus-gaap:FairValueInputsLevel1Member2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberahl:IndianapolisLifeInsuranceCompanyClosedBlockMember2022-03-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberahl:IndianapolisLifeInsuranceCompanyClosedBlockMember2022-03-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueInputsLevel2Memberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2021-12-310001527469us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2021-12-310001527469us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:CorporateDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2021-12-310001527469us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMember2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Member2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMember2021-12-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMember2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:CommercialMortgageBackedSecuritiesMember2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Member2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:CommercialMortgageBackedSecuritiesMember2021-12-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:CommercialMortgageBackedSecuritiesMember2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:ResidentialMortgageBackedSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberus-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2021-12-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMembersrt:AffiliatedEntityMember2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMembersrt:AffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:CorporateDebtSecuritiesMembersrt:AffiliatedEntityMember2021-12-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMembersrt:AffiliatedEntityMember2021-12-310001527469us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMembersrt:AffiliatedEntityMember2021-12-310001527469us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueMeasurementsRecurringMembersrt:AffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2021-12-310001527469us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Membersrt:AffiliatedEntityMember2021-12-310001527469us-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembersrt:AffiliatedEntityMember2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:AssetBackedSecuritiesMembersrt:AffiliatedEntityMember2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMembersrt:AffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:AssetBackedSecuritiesMembersrt:AffiliatedEntityMember2021-12-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMembersrt:AffiliatedEntityMember2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMembersrt:AffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Membersrt:AffiliatedEntityMember2021-12-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembersrt:AffiliatedEntityMember2021-12-310001527469us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberus-gaap:FairValueMeasurementsRecurringMembersrt:AffiliatedEntityMember2021-12-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMembersrt:AffiliatedEntityMember2021-12-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:FairValueMeasurementsRecurringMembersrt:AffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2021-12-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Membersrt:AffiliatedEntityMember2021-12-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembersrt:AffiliatedEntityMember2021-12-310001527469us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:FairValueInputsLevel1Member2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-12-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMember2021-12-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-12-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001527469us-gaap:UniversalLifeMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310001527469us-gaap:UniversalLifeMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-12-310001527469us-gaap:UniversalLifeMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310001527469us-gaap:UniversalLifeMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001527469ahl:AmerUsClosedBlockMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310001527469ahl:AmerUsClosedBlockMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-12-310001527469ahl:AmerUsClosedBlockMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310001527469ahl:AmerUsClosedBlockMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:IndianapolisLifeInsuranceCompanyClosedBlockMember2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberahl:IndianapolisLifeInsuranceCompanyClosedBlockMemberus-gaap:FairValueInputsLevel1Member2021-12-310001527469us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberahl:IndianapolisLifeInsuranceCompanyClosedBlockMember2021-12-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberahl:IndianapolisLifeInsuranceCompanyClosedBlockMember2021-12-310001527469ahl:DebtSecuritiesTradingMemberus-gaap:GainLossOnInvestmentsMember12022-01-012022-03-310001527469ahl:DebtSecuritiesTradingMemberus-gaap:GainLossOnInvestmentsMember12021-01-012021-03-310001527469us-gaap:InvestmentIncomeMemberahl:InvestmentFundsMember2022-01-012022-03-310001527469us-gaap:InvestmentIncomeMemberahl:InvestmentFundsMember2021-01-012021-03-310001527469us-gaap:InsuranceContractRightsAndObligationsFairValueOptionMemberahl:FuturePolicyBenefitsMember2022-01-012022-03-310001527469us-gaap:InsuranceContractRightsAndObligationsFairValueOptionMemberahl:FuturePolicyBenefitsMember2021-01-012021-03-310001527469us-gaap:LoansReceivableMember2022-03-310001527469us-gaap:LoansReceivableMember2021-12-310001527469us-gaap:MortgagesMember2022-03-310001527469us-gaap:ResidentialMortgageMember2022-03-310001527469us-gaap:LoansInsuredOrGuaranteedByUsGovernmentAuthoritiesMemberus-gaap:ResidentialMortgageMember2022-03-310001527469us-gaap:ForeignGovernmentDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AvailableforsaleSecuritiesMember2022-01-010001527469us-gaap:ForeignGovernmentDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AvailableforsaleSecuritiesMember2022-01-022022-03-310001527469us-gaap:ForeignGovernmentDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AvailableforsaleSecuritiesMember2022-03-310001527469us-gaap:CorporateDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AvailableforsaleSecuritiesMember2022-01-010001527469us-gaap:CorporateDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AvailableforsaleSecuritiesMember2022-01-022022-03-310001527469us-gaap:CorporateDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AvailableforsaleSecuritiesMember2022-03-310001527469us-gaap:CollateralizedDebtObligationsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AvailableforsaleSecuritiesMember2022-01-010001527469us-gaap:CollateralizedDebtObligationsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AvailableforsaleSecuritiesMember2022-01-022022-03-310001527469us-gaap:CollateralizedDebtObligationsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AvailableforsaleSecuritiesMember2022-03-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2022-01-010001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2022-01-022022-03-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2022-03-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2022-01-010001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2022-01-022022-03-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2022-03-310001527469us-gaap:CollateralizedDebtObligationsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberahl:DebtSecuritiesTradingMember2022-01-010001527469us-gaap:CollateralizedDebtObligationsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberahl:DebtSecuritiesTradingMember2022-01-022022-03-310001527469us-gaap:CollateralizedDebtObligationsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberahl:DebtSecuritiesTradingMember2022-03-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMemberahl:DebtSecuritiesTradingMember2022-01-010001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMemberahl:DebtSecuritiesTradingMember2022-01-022022-03-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMemberahl:DebtSecuritiesTradingMember2022-03-310001527469us-gaap:ResidentialMortgageBackedSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberahl:DebtSecuritiesTradingMember2022-01-010001527469us-gaap:ResidentialMortgageBackedSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberahl:DebtSecuritiesTradingMember2022-01-022022-03-310001527469us-gaap:ResidentialMortgageBackedSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberahl:DebtSecuritiesTradingMember2022-03-310001527469us-gaap:EquitySecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-01-010001527469us-gaap:EquitySecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-01-022022-03-310001527469us-gaap:EquitySecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:LoansReceivableMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-01-010001527469us-gaap:LoansReceivableMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-01-022022-03-310001527469us-gaap:LoansReceivableMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469ahl:InvestmentFundsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-01-010001527469ahl:InvestmentFundsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-01-022022-03-310001527469ahl:InvestmentFundsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberahl:FundsWithheldatInterestMember2022-01-010001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberahl:FundsWithheldatInterestMember2022-01-022022-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberahl:FundsWithheldatInterestMember2022-03-310001527469us-gaap:ShortTermInvestmentsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-01-010001527469us-gaap:ShortTermInvestmentsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-01-022022-03-310001527469us-gaap:ShortTermInvestmentsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:CorporateDebtSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMembersrt:AffiliatedEntityMember2022-01-010001527469us-gaap:CorporateDebtSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMembersrt:AffiliatedEntityMember2022-01-022022-03-310001527469us-gaap:CorporateDebtSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:CollateralizedDebtObligationsMemberus-gaap:AvailableforsaleSecuritiesMembersrt:AffiliatedEntityMember2022-01-010001527469us-gaap:CollateralizedDebtObligationsMemberus-gaap:AvailableforsaleSecuritiesMembersrt:AffiliatedEntityMember2022-01-022022-03-310001527469us-gaap:CollateralizedDebtObligationsMemberus-gaap:AvailableforsaleSecuritiesMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:AssetBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMembersrt:AffiliatedEntityMember2022-01-010001527469us-gaap:AssetBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMembersrt:AffiliatedEntityMember2022-01-022022-03-310001527469us-gaap:AssetBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:CollateralizedDebtObligationsMembersrt:AffiliatedEntityMemberahl:DebtSecuritiesTradingMember2022-01-010001527469us-gaap:CollateralizedDebtObligationsMembersrt:AffiliatedEntityMemberahl:DebtSecuritiesTradingMember2022-01-022022-03-310001527469us-gaap:CollateralizedDebtObligationsMembersrt:AffiliatedEntityMemberahl:DebtSecuritiesTradingMember2022-03-310001527469us-gaap:AssetBackedSecuritiesMembersrt:AffiliatedEntityMemberahl:DebtSecuritiesTradingMember2022-01-010001527469us-gaap:AssetBackedSecuritiesMembersrt:AffiliatedEntityMemberahl:DebtSecuritiesTradingMember2022-01-022022-03-310001527469us-gaap:AssetBackedSecuritiesMembersrt:AffiliatedEntityMemberahl:DebtSecuritiesTradingMember2022-03-310001527469us-gaap:EquitySecuritiesMembersrt:AffiliatedEntityMember2022-01-010001527469us-gaap:EquitySecuritiesMembersrt:AffiliatedEntityMember2022-01-022022-03-310001527469us-gaap:LoansReceivableMembersrt:AffiliatedEntityMember2022-01-010001527469us-gaap:LoansReceivableMembersrt:AffiliatedEntityMember2022-01-022022-03-310001527469us-gaap:LoansReceivableMembersrt:AffiliatedEntityMember2022-03-310001527469ahl:InvestmentFundsMembersrt:AffiliatedEntityMember2022-01-010001527469ahl:InvestmentFundsMembersrt:AffiliatedEntityMember2022-01-022022-03-310001527469ahl:InvestmentFundsMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberahl:FundsWithheldatInterestMembersrt:AffiliatedEntityMember2022-01-010001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberahl:FundsWithheldatInterestMembersrt:AffiliatedEntityMember2022-01-022022-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberahl:FundsWithheldatInterestMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:ShortTermInvestmentsMembersrt:AffiliatedEntityMember2022-01-010001527469us-gaap:ShortTermInvestmentsMembersrt:AffiliatedEntityMember2022-01-022022-03-310001527469us-gaap:ShortTermInvestmentsMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:ReinsuranceRecoverableMember2022-01-010001527469us-gaap:ReinsuranceRecoverableMember2022-01-022022-03-310001527469us-gaap:ReinsuranceRecoverableMember2022-03-310001527469us-gaap:LoansReceivableMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-01-010001527469us-gaap:LoansReceivableMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-01-022022-03-310001527469us-gaap:LoansReceivableMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-03-310001527469us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberahl:InvestmentFundsMember2022-01-010001527469us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberahl:InvestmentFundsMember2022-01-022022-03-310001527469us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberahl:InvestmentFundsMember2022-03-310001527469us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:OtherInvestmentsMember2022-01-010001527469us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:OtherInvestmentsMember2022-01-022022-03-310001527469us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:OtherInvestmentsMember2022-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberahl:InterestSensitiveContractsMember2022-01-010001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberahl:InterestSensitiveContractsMember2022-01-022022-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberahl:InterestSensitiveContractsMember2022-03-310001527469us-gaap:UniversalLifeMemberahl:InterestSensitiveContractsMember2022-01-010001527469us-gaap:UniversalLifeMemberahl:InterestSensitiveContractsMember2022-01-022022-03-310001527469us-gaap:UniversalLifeMemberahl:InterestSensitiveContractsMember2022-03-310001527469ahl:FuturePolicyBenefitsMemberahl:AmerUsClosedBlockMember2022-01-010001527469ahl:FuturePolicyBenefitsMemberahl:AmerUsClosedBlockMember2022-01-022022-03-310001527469ahl:FuturePolicyBenefitsMemberahl:AmerUsClosedBlockMember2022-03-310001527469ahl:FuturePolicyBenefitsMemberahl:IndianapolisLifeInsuranceCompanyClosedBlockMember2022-01-010001527469ahl:FuturePolicyBenefitsMemberahl:IndianapolisLifeInsuranceCompanyClosedBlockMember2022-01-022022-03-310001527469ahl:FuturePolicyBenefitsMemberahl:IndianapolisLifeInsuranceCompanyClosedBlockMember2022-03-310001527469us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember2022-01-010001527469us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember2022-01-022022-03-310001527469us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember2022-03-310001527469us-gaap:DebtMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-01-010001527469us-gaap:DebtMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-01-022022-03-310001527469us-gaap:DebtMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-03-310001527469us-gaap:USStatesAndPoliticalSubdivisionsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AvailableforsaleSecuritiesMember2020-12-310001527469us-gaap:USStatesAndPoliticalSubdivisionsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AvailableforsaleSecuritiesMember2021-01-012021-03-310001527469us-gaap:USStatesAndPoliticalSubdivisionsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AvailableforsaleSecuritiesMember2021-03-310001527469us-gaap:ForeignGovernmentDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AvailableforsaleSecuritiesMember2020-12-310001527469us-gaap:ForeignGovernmentDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AvailableforsaleSecuritiesMember2021-01-012021-03-310001527469us-gaap:ForeignGovernmentDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AvailableforsaleSecuritiesMember2021-03-310001527469us-gaap:CorporateDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AvailableforsaleSecuritiesMember2020-12-310001527469us-gaap:CorporateDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AvailableforsaleSecuritiesMember2021-01-012021-03-310001527469us-gaap:CorporateDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AvailableforsaleSecuritiesMember2021-03-310001527469us-gaap:CollateralizedDebtObligationsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AvailableforsaleSecuritiesMember2020-12-310001527469us-gaap:CollateralizedDebtObligationsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AvailableforsaleSecuritiesMember2021-01-012021-03-310001527469us-gaap:CollateralizedDebtObligationsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AvailableforsaleSecuritiesMember2021-03-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2020-12-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2021-01-012021-03-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2021-03-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2020-12-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2021-01-012021-03-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2021-03-310001527469us-gaap:CollateralizedDebtObligationsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberahl:DebtSecuritiesTradingMember2020-12-310001527469us-gaap:CollateralizedDebtObligationsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberahl:DebtSecuritiesTradingMember2021-01-012021-03-310001527469us-gaap:CollateralizedDebtObligationsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberahl:DebtSecuritiesTradingMember2021-03-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMemberahl:DebtSecuritiesTradingMember2020-12-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMemberahl:DebtSecuritiesTradingMember2021-01-012021-03-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMemberahl:DebtSecuritiesTradingMember2021-03-310001527469us-gaap:ResidentialMortgageBackedSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberahl:DebtSecuritiesTradingMember2020-12-310001527469us-gaap:ResidentialMortgageBackedSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberahl:DebtSecuritiesTradingMember2021-01-012021-03-310001527469us-gaap:ResidentialMortgageBackedSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberahl:DebtSecuritiesTradingMember2021-03-310001527469us-gaap:EquitySecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2020-12-310001527469us-gaap:EquitySecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-01-012021-03-310001527469us-gaap:EquitySecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-03-310001527469us-gaap:LoansReceivableMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2020-12-310001527469us-gaap:LoansReceivableMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-01-012021-03-310001527469us-gaap:LoansReceivableMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-03-310001527469ahl:InvestmentFundsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2020-12-310001527469ahl:InvestmentFundsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-01-012021-03-310001527469ahl:InvestmentFundsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberahl:FundsWithheldatInterestMember2020-12-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberahl:FundsWithheldatInterestMember2021-01-012021-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberahl:FundsWithheldatInterestMember2021-03-310001527469us-gaap:ShortTermInvestmentsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2020-12-310001527469us-gaap:ShortTermInvestmentsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-01-012021-03-310001527469us-gaap:ShortTermInvestmentsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-03-310001527469us-gaap:CorporateDebtSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMembersrt:AffiliatedEntityMember2020-12-310001527469us-gaap:CorporateDebtSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMembersrt:AffiliatedEntityMember2021-01-012021-03-310001527469us-gaap:CorporateDebtSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMembersrt:AffiliatedEntityMember2021-03-310001527469us-gaap:AssetBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMembersrt:AffiliatedEntityMember2020-12-310001527469us-gaap:AssetBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMembersrt:AffiliatedEntityMember2021-01-012021-03-310001527469us-gaap:AssetBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMembersrt:AffiliatedEntityMember2021-03-310001527469us-gaap:CollateralizedDebtObligationsMembersrt:AffiliatedEntityMemberahl:DebtSecuritiesTradingMember2020-12-310001527469us-gaap:CollateralizedDebtObligationsMembersrt:AffiliatedEntityMemberahl:DebtSecuritiesTradingMember2021-01-012021-03-310001527469us-gaap:CollateralizedDebtObligationsMembersrt:AffiliatedEntityMemberahl:DebtSecuritiesTradingMember2021-03-310001527469us-gaap:AssetBackedSecuritiesMembersrt:AffiliatedEntityMemberahl:DebtSecuritiesTradingMember2020-12-310001527469us-gaap:AssetBackedSecuritiesMembersrt:AffiliatedEntityMemberahl:DebtSecuritiesTradingMember2021-01-012021-03-310001527469us-gaap:AssetBackedSecuritiesMembersrt:AffiliatedEntityMemberahl:DebtSecuritiesTradingMember2021-03-310001527469us-gaap:EquitySecuritiesMembersrt:AffiliatedEntityMember2020-12-310001527469us-gaap:EquitySecuritiesMembersrt:AffiliatedEntityMember2021-01-012021-03-310001527469us-gaap:EquitySecuritiesMembersrt:AffiliatedEntityMember2021-03-310001527469ahl:InvestmentFundsMembersrt:AffiliatedEntityMember2020-12-310001527469ahl:InvestmentFundsMembersrt:AffiliatedEntityMember2021-01-012021-03-310001527469ahl:InvestmentFundsMembersrt:AffiliatedEntityMember2021-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberahl:FundsWithheldatInterestMembersrt:AffiliatedEntityMember2020-12-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberahl:FundsWithheldatInterestMembersrt:AffiliatedEntityMember2021-01-012021-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberahl:FundsWithheldatInterestMembersrt:AffiliatedEntityMember2021-03-310001527469us-gaap:ReinsuranceRecoverableMember2020-12-310001527469us-gaap:ReinsuranceRecoverableMember2021-01-012021-03-310001527469us-gaap:ReinsuranceRecoverableMember2021-03-310001527469us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberahl:InvestmentFundsMember2020-12-310001527469us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberahl:InvestmentFundsMember2021-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberahl:InterestSensitiveContractsMember2020-12-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberahl:InterestSensitiveContractsMember2021-01-012021-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberahl:InterestSensitiveContractsMember2021-03-310001527469us-gaap:UniversalLifeMemberahl:InterestSensitiveContractsMember2020-12-310001527469us-gaap:UniversalLifeMemberahl:InterestSensitiveContractsMember2021-01-012021-03-310001527469us-gaap:UniversalLifeMemberahl:InterestSensitiveContractsMember2021-03-310001527469ahl:FuturePolicyBenefitsMemberahl:AmerUsClosedBlockMember2020-12-310001527469ahl:FuturePolicyBenefitsMemberahl:AmerUsClosedBlockMember2021-01-012021-03-310001527469ahl:FuturePolicyBenefitsMemberahl:AmerUsClosedBlockMember2021-03-310001527469ahl:FuturePolicyBenefitsMemberahl:IndianapolisLifeInsuranceCompanyClosedBlockMember2020-12-310001527469ahl:FuturePolicyBenefitsMemberahl:IndianapolisLifeInsuranceCompanyClosedBlockMember2021-01-012021-03-310001527469ahl:FuturePolicyBenefitsMemberahl:IndianapolisLifeInsuranceCompanyClosedBlockMember2021-03-310001527469us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember2020-12-310001527469us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember2021-01-012021-03-310001527469us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember2021-03-310001527469us-gaap:CorporateDebtSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AvailableforsaleSecuritiesMember2022-01-012022-03-310001527469us-gaap:CollateralizedDebtObligationsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AvailableforsaleSecuritiesMember2022-01-012022-03-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2022-01-012022-03-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2022-01-012022-03-310001527469us-gaap:CollateralizedDebtObligationsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberahl:DebtSecuritiesTradingMember2022-01-012022-03-310001527469ahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:AssetBackedSecuritiesMemberahl:DebtSecuritiesTradingMember2022-01-012022-03-310001527469us-gaap:ResidentialMortgageBackedSecuritiesMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberahl:DebtSecuritiesTradingMember2022-01-012022-03-310001527469us-gaap:LoansReceivableMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-01-012022-03-310001527469us-gaap:ShortTermInvestmentsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-01-012022-03-310001527469us-gaap:CorporateDebtSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMembersrt:AffiliatedEntityMember2022-01-012022-03-310001527469us-gaap:CollateralizedDebtObligationsMembersrt:AffiliatedEntityMemberus-gaap:AvailableforsaleSecuritiesMember2022-01-012022-03-310001527469us-gaap:AssetBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMembersrt:AffiliatedEntityMember2022-01-012022-03-310001527469us-gaap:CollateralizedDebtObligationsMembersrt:AffiliatedEntityMemberahl:DebtSecuritiesTradingMember2022-01-012022-03-310001527469us-gaap:AssetBackedSecuritiesMembersrt:AffiliatedEntityMemberahl:DebtSecuritiesTradingMember2022-01-012022-03-310001527469us-gaap:EquitySecuritiesMembersrt:AffiliatedEntityMember2022-01-012022-03-310001527469us-gaap:LoansReceivableMembersrt:AffiliatedEntityMember2022-01-012022-03-310001527469ahl:InvestmentFundsMembersrt:AffiliatedEntityMember2022-01-012022-03-310001527469us-gaap:ShortTermInvestmentsMembersrt:AffiliatedEntityMember2022-01-012022-03-310001527469us-gaap:LoansReceivableMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-01-012022-03-310001527469us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:OtherInvestmentsMember2022-01-012022-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberahl:InterestSensitiveContractsMember2022-01-012022-03-310001527469us-gaap:DebtMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-01-012022-03-310001527469srt:ConsolidationEliminationsMemberus-gaap:AvailableforsaleSecuritiesMembersrt:AffiliatedEntityMember2022-01-012022-03-310001527469srt:ConsolidationEliminationsMembersrt:AffiliatedEntityMemberahl:DebtSecuritiesTradingMember2022-01-012022-03-310001527469srt:ConsolidationEliminationsMemberus-gaap:EquitySecuritiesMembersrt:AffiliatedEntityMember2022-01-012022-03-310001527469us-gaap:ShortTermInvestmentsMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-01-012021-03-310001527469us-gaap:FairValueInputsLevel3Member2022-03-310001527469us-gaap:MeasurementInputDiscountRateMembersrt:MinimumMember2022-03-310001527469us-gaap:MeasurementInputDiscountRateMembersrt:MaximumMember2022-03-310001527469srt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMember2022-03-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:FairValueInputsLevel3Memberahl:InterestSensitiveContractsMember2022-03-310001527469srt:MinimumMemberus-gaap:MeasurementInputEntityCreditRiskMember2022-03-310001527469srt:MaximumMemberus-gaap:MeasurementInputEntityCreditRiskMember2022-03-310001527469srt:WeightedAverageMemberus-gaap:MeasurementInputEntityCreditRiskMember2022-03-310001527469srt:MinimumMemberus-gaap:MeasurementInputOptionVolatilityMember2022-03-310001527469srt:MaximumMemberus-gaap:MeasurementInputOptionVolatilityMember2022-03-310001527469srt:WeightedAverageMemberus-gaap:MeasurementInputOptionVolatilityMember2022-03-310001527469srt:MinimumMemberus-gaap:MeasurementInputWithdrawalRateMember2022-03-310001527469srt:MaximumMemberus-gaap:MeasurementInputWithdrawalRateMember2022-03-310001527469srt:WeightedAverageMemberus-gaap:MeasurementInputWithdrawalRateMember2022-03-310001527469us-gaap:FairValueInputsLevel3Member2021-12-310001527469us-gaap:MeasurementInputDiscountRateMembersrt:MinimumMember2021-12-310001527469us-gaap:MeasurementInputDiscountRateMembersrt:MaximumMember2021-12-310001527469srt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMember2021-12-310001527469us-gaap:EmbeddedDerivativeFinancialInstrumentsMemberus-gaap:FairValueInputsLevel3Memberahl:InterestSensitiveContractsMember2021-12-310001527469srt:MinimumMemberus-gaap:MeasurementInputEntityCreditRiskMember2021-12-310001527469srt:MaximumMemberus-gaap:MeasurementInputEntityCreditRiskMember2021-12-310001527469srt:WeightedAverageMemberus-gaap:MeasurementInputEntityCreditRiskMember2021-12-310001527469srt:MinimumMemberus-gaap:MeasurementInputOptionVolatilityMember2021-12-310001527469srt:MaximumMemberus-gaap:MeasurementInputOptionVolatilityMember2021-12-310001527469srt:WeightedAverageMemberus-gaap:MeasurementInputOptionVolatilityMember2021-12-310001527469srt:MinimumMemberus-gaap:MeasurementInputWithdrawalRateMember2021-12-310001527469srt:MaximumMemberus-gaap:MeasurementInputWithdrawalRateMember2021-12-310001527469srt:WeightedAverageMemberus-gaap:MeasurementInputWithdrawalRateMember2021-12-310001527469us-gaap:CarryingReportedAmountFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2022-03-310001527469us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2022-03-310001527469us-gaap:CarryingReportedAmountFairValueDisclosureMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:EstimateOfFairValueFairValueDisclosureMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberus-gaap:EstimateOfFairValueFairValueDisclosureMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:EstimateOfFairValueFairValueDisclosureMembersrt:AffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2022-03-310001527469us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMembersrt:AffiliatedEntityMember2022-03-310001527469us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-03-310001527469us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-03-310001527469us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-03-310001527469us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Member2022-03-310001527469us-gaap:FairValueInputsLevel2Memberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-03-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-03-310001527469us-gaap:CarryingReportedAmountFairValueDisclosureMember2022-03-310001527469us-gaap:EstimateOfFairValueFairValueDisclosureMember2022-03-310001527469us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-03-310001527469us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Member2022-03-310001527469us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-03-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-03-310001527469us-gaap:CarryingReportedAmountFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2021-12-310001527469us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberahl:ConsolidatedEntityExcludingAffiliatedEntityMember2021-12-310001527469us-gaap:CarryingReportedAmountFairValueDisclosureMembersrt:AffiliatedEntityMember2021-12-310001527469us-gaap:EstimateOfFairValueFairValueDisclosureMembersrt:AffiliatedEntityMember2021-12-310001527469us-gaap:EstimateOfFairValueFairValueDisclosureMembersrt:AffiliatedEntityMemberus-gaap:FairValueInputsLevel1Member2021-12-310001527469us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMembersrt:AffiliatedEntityMember2021-12-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMembersrt:AffiliatedEntityMember2021-12-310001527469us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberus-gaap:EstimateOfFairValueFairValueDisclosureMembersrt:AffiliatedEntityMember2021-12-310001527469us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2021-12-310001527469us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310001527469us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Member2021-12-310001527469us-gaap:FairValueInputsLevel2Memberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310001527469us-gaap:CarryingReportedAmountFairValueDisclosureMember2021-12-310001527469us-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310001527469us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310001527469us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Member2021-12-310001527469us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310001527469us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310001527469us-gaap:AdditionalPaidInCapitalMemberahl:ApolloOperatingGroupMember2022-01-012022-03-310001527469us-gaap:RetainedEarningsMemberahl:ApolloOperatingGroupMember2022-01-012022-03-310001527469us-gaap:AdditionalPaidInCapitalMemberahl:ReestablishmentOfEffectiveSettlementMember2022-01-012022-03-310001527469us-gaap:AociGainLossDebtSecuritiesAvailableForSaleWithoutAllowanceForCreditLossNoncontrollingInterestMember2022-01-010001527469us-gaap:AociGainLossDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossParentMember2022-01-010001527469ahl:DeferredAcquisitionCostsDeferredSalesInducementsDeferredValueofBusinessAcquiredandFuturePolicyBenefitAdjustmentonAvailableforsaleSecuritiesAttributabletoParentMember2022-01-010001527469us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2022-01-010001527469ahl:AccumulatedForeignCurrencyAdjustmentandOtherAttributabletoParentMember2022-01-010001527469us-gaap:AociGainLossDebtSecuritiesAvailableForSaleWithoutAllowanceForCreditLossIncludingNoncontrollingInterestMember2022-01-012022-03-310001527469us-gaap:AociGainLossDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossIncludingNoncontrollingInterestMember2022-01-012022-03-310001527469ahl:AccumulatedNetInvestmentGainLossIncludingDeferredAcquisitionCostsDeferredSalesInducementsValueofBusinessAcquiredFuturePolicyBenefitsIncludingNoncontrollingInterestMember2022-01-012022-03-310001527469us-gaap:AccumulatedNetGainLossFromCashFlowHedgesIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-03-310001527469ahl:AccumulatedForeignCurrencyAdjustmentandOtherIncludingPortionAttributabletoNoncontrollingInterestMember2022-01-012022-03-310001527469us-gaap:AociGainLossDebtSecuritiesAvailableForSaleWithoutAllowanceForCreditLossNoncontrollingInterestMember2022-01-012022-03-310001527469us-gaap:AociGainLossDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossNoncontrollingInterestMember2022-01-012022-03-310001527469ahl:DeferredAcquisitionCostsDeferredValueofBusinessAcquiredandFuturePolicyBenefitAdjustmentonAvailableforsaleSecuritiesAttributabletoNoncontrollingInterestMember2022-01-012022-03-310001527469us-gaap:AccumulatedNetGainLossFromCashFlowHedgesAttributableToNoncontrollingInterestMember2022-01-012022-03-310001527469ahl:AccumulatedForeignCurrencyAdjustmentandOtherAttributabletoNoncontrollingInterestMember2022-01-012022-03-310001527469us-gaap:AociGainLossDebtSecuritiesAvailableForSaleWithoutAllowanceForCreditLossNoncontrollingInterestMember2022-03-310001527469us-gaap:AociGainLossDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossParentMember2022-03-310001527469ahl:DeferredAcquisitionCostsDeferredSalesInducementsDeferredValueofBusinessAcquiredandFuturePolicyBenefitAdjustmentonAvailableforsaleSecuritiesAttributabletoParentMember2022-03-310001527469us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2022-03-310001527469ahl:AccumulatedForeignCurrencyAdjustmentandOtherAttributabletoParentMember2022-03-310001527469us-gaap:AociGainLossDebtSecuritiesAvailableForSaleWithoutAllowanceForCreditLossNoncontrollingInterestMember2020-12-310001527469us-gaap:AociGainLossDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossParentMember2020-12-310001527469ahl:DeferredAcquisitionCostsDeferredSalesInducementsDeferredValueofBusinessAcquiredandFuturePolicyBenefitAdjustmentonAvailableforsaleSecuritiesAttributabletoParentMember2020-12-310001527469us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2020-12-310001527469ahl:AccumulatedForeignCurrencyAdjustmentandOtherAttributabletoParentMember2020-12-310001527469us-gaap:AociGainLossDebtSecuritiesAvailableForSaleWithoutAllowanceForCreditLossIncludingNoncontrollingInterestMember2021-01-012021-03-310001527469us-gaap:AociGainLossDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossIncludingNoncontrollingInterestMember2021-01-012021-03-310001527469ahl:AccumulatedNetInvestmentGainLossIncludingDeferredAcquisitionCostsDeferredSalesInducementsValueofBusinessAcquiredFuturePolicyBenefitsIncludingNoncontrollingInterestMember2021-01-012021-03-310001527469us-gaap:AccumulatedNetGainLossFromCashFlowHedgesIncludingPortionAttributableToNoncontrollingInterestMember2021-01-012021-03-310001527469ahl:AccumulatedForeignCurrencyAdjustmentandOtherIncludingPortionAttributabletoNoncontrollingInterestMember2021-01-012021-03-310001527469us-gaap:AociGainLossDebtSecuritiesAvailableForSaleWithoutAllowanceForCreditLossNoncontrollingInterestMember2021-01-012021-03-310001527469us-gaap:AociGainLossDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossNoncontrollingInterestMember2021-01-012021-03-310001527469ahl:DeferredAcquisitionCostsDeferredValueofBusinessAcquiredandFuturePolicyBenefitAdjustmentonAvailableforsaleSecuritiesAttributabletoNoncontrollingInterestMember2021-01-012021-03-310001527469us-gaap:AccumulatedNetGainLossFromCashFlowHedgesAttributableToNoncontrollingInterestMember2021-01-012021-03-310001527469ahl:AccumulatedForeignCurrencyAdjustmentandOtherAttributabletoNoncontrollingInterestMember2021-01-012021-03-310001527469us-gaap:AociGainLossDebtSecuritiesAvailableForSaleWithoutAllowanceForCreditLossNoncontrollingInterestMember2021-03-310001527469us-gaap:AociGainLossDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossParentMember2021-03-310001527469ahl:DeferredAcquisitionCostsDeferredSalesInducementsDeferredValueofBusinessAcquiredandFuturePolicyBenefitAdjustmentonAvailableforsaleSecuritiesAttributabletoParentMember2021-03-310001527469us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2021-03-310001527469ahl:AccumulatedForeignCurrencyAdjustmentandOtherAttributabletoParentMember2021-03-310001527469ahl:ApolloandAffiliatesMemberahl:SuballocatedassetsMembersrt:AffiliatedEntityMember2022-01-012022-03-310001527469ahl:ApolloandAffiliatesMembersrt:MinimumMemberahl:SuballocatedassetsMembersrt:AffiliatedEntityMember2022-01-012022-03-310001527469ahl:ApolloandAffiliatesMembersrt:MaximumMemberahl:SuballocatedassetsMembersrt:AffiliatedEntityMember2022-01-012022-03-310001527469ahl:ManagementFeesAssociatedwithInvestmentFundsMembersrt:AffiliatedEntityMember2022-01-012022-03-310001527469ahl:ManagementFeesAssociatedwithInvestmentFundsMembersrt:AffiliatedEntityMember2021-01-012021-03-310001527469ahl:ManagementFeesAssociatedwithInvestmentFundsMembersrt:AffiliatedEntityMember2022-03-310001527469ahl:ManagementFeesAssociatedwithInvestmentFundsMembersrt:AffiliatedEntityMember2021-12-310001527469ahl:AtheneFreedomHoldingsLPMembersrt:AffiliatedEntityMember2022-03-310001527469ahl:AtheneFreedomHoldingsLPMembersrt:AffiliatedEntityMember2021-12-310001527469ahl:MidCapHoldingsMemberus-gaap:AssetBackedSecuritiesMembersrt:AffiliatedEntityMember2021-12-310001527469ahl:MidCapHoldingsMembersrt:AffiliatedEntityMember2021-12-310001527469ahl:MidCapHoldingsMemberus-gaap:RedeemablePreferredStockMembersrt:AffiliatedEntityMember2021-12-310001527469ahl:MidCapHoldingsMembersrt:AffiliatedEntityMember2021-12-310001527469ahl:MidCapAffiliatesMembersrt:AffiliatedEntityMember2022-03-310001527469ahl:MidCapAffiliatesMembersrt:AffiliatedEntityMember2021-12-310001527469ahl:AthoraHoldingLtd.Membersrt:AffiliatedEntityMember2022-03-310001527469ahl:AthoraHoldingLtd.Membersrt:AffiliatedEntityMember2021-12-310001527469ahl:AthoraHoldingLtd.Memberahl:FundingAgreementsMembersrt:AffiliatedEntityMember2022-03-310001527469ahl:AthoraHoldingLtd.Memberahl:FundingAgreementsMembersrt:AffiliatedEntityMember2021-12-310001527469ahl:AthoraHoldingLtd.Memberus-gaap:InvestmentsMembersrt:AffiliatedEntityMember2022-03-310001527469ahl:VenerableHoldingsInc.Memberus-gaap:PrivateEquityFundsMembersrt:AffiliatedEntityMember2022-03-310001527469ahl:VenerableHoldingsInc.Memberus-gaap:PrivateEquityFundsMembersrt:AffiliatedEntityMember2021-12-310001527469ahl:VenerableHoldingsInc.Membersrt:AffiliatedEntityMember2022-03-310001527469ahl:ApolloAtheneStrategicPartnershipAdvisorsLLCMembersrt:AffiliatedEntityMember2022-03-310001527469ahl:ApolloAtheneStrategicPartnershipAdvisorsLLCMembersrt:AffiliatedEntityMember2021-12-310001527469ahl:PKAirFinanceMembersrt:AffiliatedEntityMember2022-03-310001527469ahl:PKAirFinanceMembersrt:AffiliatedEntityMember2021-12-310001527469ahl:PKAirFinanceMemberus-gaap:InvestmentsMembersrt:AffiliatedEntityMember2022-03-310001527469ahl:AtheneCoInvestReinsuranceAffiliate1ALtd.Member2022-03-310001527469us-gaap:NoncontrollingInterestMember2021-12-310001527469ahl:ExchangeofstockMemberus-gaap:CommonClassAMemberahl:ApolloOperatingGroupMembersrt:AffiliatedEntityMember2020-02-280001527469ahl:ApolloOperatingGroupMembersrt:AffiliatedEntityMember2020-02-280001527469us-gaap:CommonClassAMemberahl:ApolloOperatingGroupMembersrt:AffiliatedEntityMember2020-02-280001527469us-gaap:CommonClassAMemberahl:ApolloOperatingGroupMembersrt:AffiliatedEntityMember2021-01-012021-03-310001527469us-gaap:InvestmentsMember2022-03-310001527469ahl:AtheneGlobalFundingMemberahl:FundingAgreementsMember2022-03-310001527469ahl:AtheneGlobalFundingMemberahl:FundingAgreementsMember2021-12-310001527469ahl:FundingAgreementBackedRepurchaseAgreementsMember2022-03-310001527469ahl:FundingAgreementBackedRepurchaseAgreementsMember2021-12-3100015274692021-01-012021-12-310001527469us-gaap:OtherLiabilitiesMember2021-01-012021-12-31

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 2022
or
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number: 001-37963
ahl-20220331_g1.jpg
ATHENE HOLDING LTD.
(Exact name of registrant as specified in its charter)
Bermuda 98-0630022
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
Second Floor, Washington House
16 Church Street
Hamilton, HM 11, Bermuda
(441) 279-8400
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol Name of each exchange on which registered
Depositary Shares, each representing a 1/1,000th interest in a
6.35% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Share, Series A ATHPrA New York Stock Exchange
Depositary Shares, each representing a 1/1,000th interest in a
5.625% Fixed-Rate Perpetual Non-Cumulative Preference Share, Series B ATHPrB New York Stock Exchange
Depositary Shares, each representing a 1/1,000th interest in a
6.375% Fixed-Rate Reset Perpetual Non-Cumulative Preference Share, Series C ATHPrC New York Stock Exchange
Depositary Shares, each representing a 1/1,000th interest in a
4.875% Fixed-Rate Perpetual Non-Cumulative Preference Share, Series D ATHPrD New York Stock Exchange
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No
As of April 30, 2022, 203,805,432 of our Class A common shares were outstanding, all of which are held by Apollo Global Management, Inc.



TABLE OF CONTENTS


PART I—FINANCIAL INFORMATION


PART II—OTHER INFORMATION





As used in this Quarterly Report on Form 10-Q (report), unless the context otherwise indicates, any reference to “Athene,” “our Company,” “the Company,” “us,” “we” and “our” refer to Athene Holding Ltd. together with its consolidated subsidiaries and any reference to “AHL” refers to Athene Holding Ltd. only.

Forward-Looking Statements

Certain statements in this report are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act). You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate,” “estimate,” “expect,” “project,” “plan,” “intend,” “seek,” “assume,” “believe,” “may,” “will,” “should,” “could,” “would,” “likely” and other words and terms of similar meaning, including the negative of these or similar words and terms, in connection with any discussion of the timing or nature of future operating or financial performance or other events. However, not all forward-looking statements contain these identifying words. Forward-looking statements appear in a number of places throughout and give our current expectations and projections relating to our business, financial condition, results of operations, plans, strategies, objectives, future performance and other matters.

We caution you that forward-looking statements are not guarantees of future performance and that our actual consolidated financial condition, results of operations, liquidity, cash flows and performance may differ materially from that made in or suggested by the forward-looking statements contained in this report. A number of important factors could cause actual results or conditions to differ materially from those contained or implied by the forward-looking statements, including the risks discussed in Part II–Item 1A. Risk Factors included in this report and Part I–Item 1A. Risk Factors included in our Annual Report on Form 10-K for the year ended December 31, 2021 (2021 Annual Report). Factors that could cause actual results or conditions to differ from those reflected in the forward-looking statements contained in this report include:

the accuracy of management’s assumptions and estimates;
variability in the amount of statutory capital that our insurance and reinsurance subsidiaries have or are required to hold;
interest rate and/or foreign currency fluctuations;
our potential need for additional capital in the future and the potential unavailability of such capital to us on favorable terms or at all;
major public health issues, and specifically the pandemic caused by the effects of the spread of the Coronavirus Disease of 2019 (COVID-19);
changes in relationships with important parties in our product distribution network;
the activities of our competitors and our ability to grow our retail business in a highly competitive environment;
the impact of general economic conditions on our ability to sell our products and on the fair value of our investments;
our ability to successfully acquire new companies or businesses and/or integrate such acquisitions into our existing framework;
downgrades, potential downgrades or other negative actions by rating agencies;
our dependence on key executives and inability to attract qualified personnel, or the potential loss of Bermudian personnel as a result of Bermuda employment restrictions;
market and credit risks that could diminish the value of our investments;
changes to the creditworthiness of our reinsurance and derivative counterparties;
the discontinuation of London Inter-bank Offered Rate (LIBOR);
changes in consumer perception regarding the desirability of annuities as retirement savings products;
potential litigation (including class action litigation), enforcement investigations or regulatory scrutiny against us and our subsidiaries, which we may be required to defend against or respond to;
the impact of new accounting rules or changes to existing accounting rules on our business;
interruption or other operational failures in telecommunication and information technology and other operating systems, as well as our ability to maintain the security of those systems;
the termination by Apollo Global Management, Inc. (AGM) or any of its subsidiaries (collectively, AGM together with its subsidiaries, Apollo) of its investment management agreements with us and certain limitations on our ability to terminate such arrangements;
Apollo’s dependence on key executives and inability to attract qualified personnel;
the failure to realize the expected benefits from our merger with AGM;
the accuracy of our estimates regarding the future performance of our investment portfolio;
increased regulation or scrutiny of alternative investment advisers and certain trading methods;
potential changes to laws or regulations affecting, among other things, group supervision and/or group capital requirements, entity-level regulatory capital standards, transactions with our affiliates, the ability of our subsidiaries to make dividend payments or distributions to AHL, acquisitions by or of us, minimum capitalization and statutory reserve requirements for insurance companies and fiduciary obligations on parties who distribute our products;
the failure to obtain or maintain licenses and/or other regulatory approvals as required for the operation of our insurance subsidiaries;
increases in our tax liability resulting from the Base Erosion and Anti-Abuse Tax (BEAT) or otherwise;
AHL or any of its non-United States (US) subsidiaries becoming subject to US federal income taxation;
adverse changes in US tax law;
changes in our ability to pay dividends or make distributions;
the failure to achieve the economic benefits expected to be derived from the Athene Co-Invest Reinsurance Affiliate Holding Ltd. (together with its subsidiaries, ACRA) capital raise or future ACRA capital raises;
3

the failure of third-party ACRA investors to fund their capital commitment obligations; and
other risks and factors listed in Part II–Item 1A. Risk Factors included in this report, Part I—Item 1A. Risk Factors included in our 2021 Annual Report and those discussed elsewhere in this report and in our 2021 Annual Report.

We caution you that the important factors referenced above may not be exhaustive. In addition, we cannot assure you that we will realize the results or developments we expect or anticipate or, even if substantially realized, that they will result in the consequences or affect us or our operations in the way we expect or anticipate. In light of these risks, you should not place undue reliance upon any forward-looking statements contained in this report. Unless an earlier date is specified, the forward-looking statements included in this report are made only as of the date that this report was filed with the US Securities and Exchange Commission (SEC). We undertake no obligation, except as may be required by law, to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise. Comparisons of results for current and any prior periods are not intended to express any future trends, or indications of future performance, unless expressed as such, and should only be viewed as historical data.


GLOSSARY OF SELECTED TERMS

Unless otherwise indicated in this report, the following terms have the meanings set forth below:

Entities
Term or Acronym Definition
A-A Mortgage A-A Mortgage Opportunities, L.P.
AADE Athene Annuity & Life Assurance Company
AAIA Athene Annuity and Life Company
AAM Apollo Asset Management, Inc., formerly known as Apollo Global Management, Inc.
AARe Athene Annuity Re Ltd., a Bermuda reinsurance subsidiary
ACRA Athene Co-Invest Reinsurance Affiliate Holding Ltd., together with its subsidiaries
ACRA HoldCo Athene Co-Invest Reinsurance Affiliate Holding Ltd.
ADIP Apollo/Athene Dedicated Investment Program
AGM Apollo Global Management, Inc.
AHL Athene Holding Ltd.
ALRe Athene Life Re Ltd., a Bermuda reinsurance subsidiary
ALReI Athene Life Re International Ltd., a Bermuda reinsurance subsidiary
AmeriHome AmeriHome Mortgage Company, LLC
AOG Apollo Operating Group
Apollo Apollo Global Management, Inc., together with its subsidiaries (other than us or our subsidiaries)
Apollo Group
(1) AGM and AGM’s subsidiaries, including AAM, (2) any investment fund or other collective investment vehicle whose general partner or managing member is owned, directly or indirectly, by clause (1), (3) BRH Holdings GP, Ltd. and each of its shareholders, (4) any executive officer or employee of AGM or AGM’s subsidiaries, and (5) any affiliate of a person described in clauses (1), (2), (3) or (4) above; provided none of AHL or its subsidiaries (other than ACRA HoldCo and ACRA HoldCo’s subsidiaries) will be deemed to be a member of the Apollo Group
AUSA Athene USA Corporation
Athora Athora Holding Ltd.
BMA Bermuda Monetary Authority
ISG Apollo Insurance Solutions Group LP
Jackson Jackson Financial, Inc., together with its subsidiaries
LIMRA Life Insurance and Market Research Association
MidCap MidCap FinCo Designated Activity Company
NAIC National Association of Insurance Commissioners
NYSDFS New York State Department of Financial Services
RLI ReliaStar Life Insurance Company
Treasury United States Department of the Treasury
VIAC Venerable Insurance and Annuity Company
Venerable Venerable Holdings, Inc., together with its subsidiaries
Wheels/Donlen Wheels, Inc. (Wheels), merged with Donlen LLC (Donlen)

4

Certain Terms & Acronyms
Term or Acronym Definition
ABS Asset-backed securities
ACL Authorized control level RBC as defined by the model created by the National Association of Insurance Commissioners
ALM Asset liability management
Alternative investments Alternative investments, including investment funds, CLO equity positions and certain other debt instruments considered to be equity-like
Base of earnings Earnings generated from our results of operations and the underlying profitability drivers of our business
Bermuda capital The capital of Athene’s non-US reinsurance subsidiaries calculated under US statutory accounting principles, including that for policyholder reserve liabilities which are subjected to US cash flow testing requirements, but (i) excluding certain items that do not exist under our applicable Bermuda requirements, such as interest maintenance reserves and (ii) including certain Bermuda statutory accounting differences, such as marking to market of inception date investment gains or losses relating to reinsurance transactions. Bermuda capital may from time to time materially differ from the calculation of statutory capital under US statutory accounting principles primarily due to the foregoing differences.
Bermuda RBC The risk-based capital ratio of our non-US reinsurance subsidiaries by applying NAIC risk-based capital factors to the statutory financial statements on an aggregate basis. Adjustments are made to (i) exclude US subsidiaries which are included within our US RBC Ratio, (ii) exclude our interests in the AOG units and other non-insurance subsidiary holding companies from our capital base and (iii) limit RBC concentration charges such that when they are applied to determine target capital, the charges do not exceed 100% of the asset’s carrying value.
Block reinsurance A transaction in which the ceding company cedes all or a portion of a block of previously issued annuity contracts through a reinsurance agreement
BSCR Bermuda Solvency Capital Requirement
CAL Company action level risk-based capital as defined by the model created by the National Association of Insurance Commissioners
CLO Collateralized loan obligation
CMBS Commercial mortgage-backed securities
CML Commercial mortgage loans
Cost of crediting The interest credited to the policyholders on our fixed annuities, including, with respect to our fixed indexed annuities, option costs, as well as institutional costs related to institutional products, presented on an annualized basis for interim periods
Cost of funds Cost of funds includes liability costs related to cost of crediting on both deferred annuities and institutional products, as well as other liability costs. Cost of funds is computed as the total liability costs divided by the average net invested assets for the relevant period. Presented on an annualized basis for interim periods.
DAC Deferred acquisition costs
Deferred annuities Fixed indexed annuities, annual reset annuities, multi-year guaranteed annuities and registered index-linked annuities
DSI Deferred sales inducement
Excess capital Capital in excess of the level management believes is needed to support our current operating strategy
FIA Fixed indexed annuity, which is an insurance contract that earns interest at a crediting rate based on a specified index on a tax-deferred basis
Fixed annuities FIAs together with fixed rate annuities
Fixed rate annuity An insurance contract that offers tax-deferred growth and the opportunity to produce a guaranteed stream of retirement income for the lifetime of its policyholder
Flow reinsurance A transaction in which the ceding company cedes a portion of newly issued policies to the reinsurer
GAAP Accounting principles generally accepted in the United States of America
GLWB Guaranteed lifetime withdrawal benefit
GMDB Guaranteed minimum death benefit
Gross invested assets The sum of (a) total investments on the consolidated balance sheet with available-for-sale securities at amortized cost, excluding derivatives, (b) cash and cash equivalents and restricted cash, (c) investments in related parties, (d) accrued investment income, (e) consolidated variable interest entities’ assets, liabilities and noncontrolling interest and (f) policy loans ceded (which offset the direct policy loans in total investments). Gross invested assets includes investments supporting assumed funds withheld and modco agreements and excludes assets associated with funds withheld liabilities related to business exited through reinsurance agreements and derivative collateral (offsetting the related cash positions). Gross invested assets includes the entire investment balance attributable to ACRA as ACRA is 100% consolidated
IMA Investment management agreement
5

Term or Acronym Definition
IMO Independent marketing organization
Investment margin on deferred annuities Investment margin applies to deferred annuities and is the excess of our net investment earned rate over the cost of crediting to our policyholders, presented on an annualized basis for interim periods
Liability outflows The aggregate of withdrawals on our deferred annuities, maturities of our funding agreements, payments on payout annuities, and pension group annuity benefit payments
MCR Minimum capital requirements
MMS Minimum margin of solvency
Modco Modified coinsurance
MVA Market value adjustment
MYGA Multi-year guaranteed annuity
Net invested assets The sum of (a) total investments on the consolidated balance sheet with available-for-sale securities at amortized cost, excluding derivatives, (b) cash and cash equivalents and restricted cash, (c) investments in related parties, (d) accrued investment income, (e) consolidated variable interest entities’ assets, liabilities and noncontrolling interest and (f) policy loans ceded (which offset the direct policy loans in total investments). Net invested assets includes investments supporting assumed funds withheld and modco agreements and excludes assets associated with funds withheld liabilities related to business exited through reinsurance agreements and derivative collateral (offsetting the related cash positions). Net invested assets includes our economic ownership of ACRA investments but does not include the investments associated with the noncontrolling interest
Net investment earned rate Income from our net invested assets divided by the average net invested assets for the relevant period, presented on an annualized basis for interim periods
Net investment spread Net investment spread measures our investment performance less the total cost of our liabilities, presented on an annualized basis for interim periods
Net reserve liabilities The sum of (a) interest sensitive contract liabilities, (b) future policy benefits, (c) dividends payable to policyholders, and (d) other policy claims and benefits, offset by reinsurance recoverable, excluding policy loans ceded. Net reserve liabilities also includes the reserves related to assumed modco agreements in order to appropriately match the costs incurred in the consolidated statements of income (loss) with the liabilities. Net reserve liabilities is net of the ceded liabilities to third-party reinsurers as the costs of the liabilities are passed to such reinsurers and therefore we have no net economic exposure to such liabilities, assuming our reinsurance counterparties perform under our agreements. Net reserve liabilities is net of the reserve liabilities attributable to the ACRA noncontrolling interest
Other liability costs Other liability costs include DAC, DSI and VOBA amortization, change in rider reserves, the cost of liabilities on products other than deferred annuities and institutional products, excise taxes, as well as offsets for premiums, product charges and other revenues
Payout annuities Annuities with a current cash payment component, which consist primarily of single premium immediate annuities, supplemental contracts and structured settlements
Policy loan A loan to a policyholder under the terms of, and which is secured by, a policyholder’s policy
RBC Risk-based capital
Rider reserves Guaranteed lifetime withdrawal benefits and guaranteed minimum death benefits reserves
RMBS Residential mortgage-backed securities
RML Residential mortgage loan
Sales All money paid into an individual annuity, including money paid into new contracts with initial purchase occurring in the specified period and existing contracts with initial purchase occurring prior to the specified period (excluding internal transfers)
SPIA Single premium immediate annuity
Surplus assets Assets in excess of policyholder obligations, determined in accordance with the applicable domiciliary jurisdiction’s statutory accounting principles
TAC Total adjusted capital as defined by the model created by the NAIC
US RBC Ratio The CAL RBC ratio for AADE, our parent US insurance company
VIE Variable interest entity
VOBA Value of business acquired


6

Item 1. Financial Statements


Index to Condensed Consolidated Financial Statements (unaudited)
8


7


ATHENE HOLDING LTD.
Condensed Consolidated Balance Sheets (Unaudited)

Successor Predecessor
(In millions) March 31, 2022 December 31, 2021
Assets
Investments
Available-for-sale securities, at fair value (amortized cost: 2022 – $104,222 and 2021 – $96,458; allowance for credit losses: 2022 – $468 and 2021 – $123)
$ 96,899  $ 100,159 
Trading securities, at fair value 1,852  2,056 
Equity securities (portion at fair value: 2022 – $754 and 2021 – $1,170)
1,154  1,170 
Mortgage loans (allowance for credit losses: 2021 – $154; portion at fair value: 2022 – $23,696 and 2021 – $17)
23,696  20,748 
Investment funds (portion at fair value: 2022 – $180 and 2021 – $183)
1,243  1,178 
Policy loans 296  312 
Funds withheld at interest (portion at fair value: 2022 – $(1,882) and 2021 – $782)
41,173  43,907 
Derivative assets 3,668  4,387 
Short-term investments (portion at fair value: 2022 – $149 and 2021 – $139)
175  139 
Other investments (portion at fair value: 2022 – $150 and 2021 – $130)
1,214  1,473 
Total investments 171,370  175,529 
Cash and cash equivalents 8,523  9,479 
Restricted cash 834  796 
Investments in related parties
Available-for-sale securities, at fair value (amortized cost: 2022 – $8,429 and 2021 – $10,401; allowance for credit losses: 2022 – $20 and 2021 – $0)
8,324  10,402 
Trading securities, at fair value 262  1,781 
Equity securities, at fair value 166  284 
Mortgage loans (allowance for credit losses: 2021 – $5; portion at fair value: 2022 – $1,456 and 2021 – $0)
1,456  1,360 
Investment funds (portion at fair value: 2022 – $814 and 2021 – $2,958)
3,088  7,391 
Funds withheld at interest (portion at fair value: 2022 – $(570) and 2021 – $578)
11,431  12,207 
Short-term investments, at fair value 53  — 
Other investments 255  222 
Accrued investment income (related party: 2022 – $44 and 2021 – $54)
885  962 
Reinsurance recoverable (portion at fair value: 2022 – $1,814 and 2021 – $1,991)
4,648  4,594 
Deferred acquisition costs, deferred sales inducements and value of business acquired 4,713  5,362 
Goodwill 4,181  — 
Other assets (related party: 2022 – $81 and 2021 – $0)
7,094  1,257 
Assets of consolidated variable interest entities
Investments
Mortgage loans (related party: 2022 – $224 and 2021 – $231; allowance for credit losses: 2021 – $78; portion at fair value: 2022 – $1,880 and 2021 – $0)
1,880  2,040 
Investment funds (related party: 2022 – $2,856 and 2021 – $1,068; portion at fair value: 2022 – $12,779 and 2021 – $1,297)
13,568  1,297 
Other investments, at fair value 2,567  — 
Cash and cash equivalents 521  154 
Other assets 315  32 
Total assets $ 246,134  $ 235,149 
(Continued)
See accompanying notes to the unaudited condensed consolidated financial statements
8


ATHENE HOLDING LTD.
Condensed Consolidated Balance Sheets (Unaudited)

Successor Predecessor
(In millions, except per share data) March 31, 2022 December 31, 2021
Liabilities and Equity
Liabilities
Interest sensitive contract liabilities (related party: 2022 – $13,023 and 2021 – $12,948; portion at fair value: 2022 – $7,800 and 2021 – $16,142)
$ 164,369  $ 156,325 
Future policy benefits (related party: 2022 – $2,041 and 2021 – $1,853; portion at fair value: 2022 – $2,082 and 2021 – $2,262)
48,093  42,488 
Long-term debt 3,287  2,964 
Derivative liabilities 631  472 
Payables for collateral on derivatives and securities to repurchase 7,071  7,044 
Other liabilities (related party: 2022 – $225 and 2021 – $936)
2,190  3,214 
Liabilities of consolidated variable interest entities
Debt (portion at fair value: 2022 – $4,067 and 2021 – $317)
5,905  430 
Other liabilities 896  31 
Total liabilities 232,442  212,968 
Commitments and Contingencies (Note 10)
Equity
Preferred stock
Series A – par value $1 per share; $863 aggregate liquidation preference; authorized, issued and outstanding: 2022 and 2021 – 0.0 shares
—  — 
Series B – par value $1 per share; $345 aggregate liquidation preference; authorized, issued and outstanding: 2022 and 2021 – 0.0 shares
—  — 
Series C – par value $1 per share; $600 aggregate liquidation preference; authorized, issued and outstanding: 2022 and 2021 – 0.0 shares
—  — 
Series D – par value $1 per share; $575 aggregate liquidation preference; authorized, issued and outstanding: 2022 and 2021 – 0.0 shares
—  — 
Common stock
Class A – par value $0.001 per share; authorized: 2022 and 2021 – 425.0 shares; issued and outstanding: 2022 – 203.8 and 2021 – 192.2 shares
—  — 
Additional paid-in capital 17,555  6,667 
Retained earnings (accumulated deficit) (1,732) 11,033 
Accumulated other comprehensive income (loss) (related party: 2022 – $(62) and 2021 – $33)
(4,674) 2,430 
Total Athene Holding Ltd. shareholders’ equity 11,149  20,130 
Noncontrolling interests 2,543  2,051 
Total equity 13,692  22,181 
Total liabilities and equity $ 246,134  $ 235,149 
(Concluded)
See accompanying notes to the unaudited condensed consolidated financial statements

9


ATHENE HOLDING LTD.
Condensed Consolidated Statements of Income (Loss) (Unaudited)

Successor Predecessor
(In millions) Three months ended March 31, 2022 Three months ended March 31, 2021
Revenues
Premiums (related party of $71 and $79 for the three months ended March 31, 2022 and 2021, respectively)
$ 2,110  $ 3,011 
Product charges (related party of $10 and $11 for the three months ended March 31, 2022 and 2021, respectively)
166  150 
Net investment income (related party investment income of $501 and $596 for the three months ended March 31, 2022 and 2021, respectively; and related party investment expense of $186 and $144 for the three months ended March 31, 2022 and 2021, respectively)
1,683  1,669 
Investment related gains (losses) (related party of $(604) and $(139) for the three months ended March 31, 2022 and 2021, respectively)
(4,200) (422)
Other revenues (3) 14 
Revenues of consolidated variable interest entities
Net investment income 17  35 
Investment related gains (losses) (42) (66)
Total revenues (269) 4,391 
Benefits and expenses
Interest sensitive contract benefits (related party of $(11) and $76 for the three months ended March 31, 2022 and 2021, respectively)
(41) 394 
Amortization of deferred sales inducements —  84 
Future policy and other policy benefits (related party of $63 and $89 for the three months ended March 31, 2022 and 2021, respectively)
2,085  3,317 
Amortization of deferred acquisition costs and value of business acquired 125  164 
Policy and other operating expenses (related party of $57 and $12 for the three months ended March 31, 2022 and 2021, respectively)
335  293 
Total benefits and expenses 2,504  4,252 
Income (loss) before income taxes (2,773) 139 
Income tax expense (benefit) (407) 62 
Net income (loss) (2,366) 77 
Less: Net loss attributable to noncontrolling interests (883) (537)
Net income (loss) attributable to Athene Holding Ltd. shareholders (1,483) 614 
Less: Preferred stock dividends 35  36 
Net income (loss) available to Athene Holding Ltd. common shareholder $ (1,518) $ 578 

See accompanying notes to the unaudited condensed consolidated financial statements

10


ATHENE HOLDING LTD.
Condensed Consolidated Statements of Comprehensive Loss (Unaudited)

Successor Predecessor
(In millions) Three months ended March 31, 2022 Three months ended March 31, 2021
Net income (loss) $ (2,366) $ 77 
Other comprehensive income (loss), before tax
Unrealized investment gains (losses) on available-for-sale securities, net of offsets (6,430) (2,591)
Unrealized gains (losses) on hedging instruments (129) (31)
Foreign currency translation and other adjustments — 
Other comprehensive loss, before tax (6,555) (2,622)
Income tax benefit related to other comprehensive loss (1,170) (496)
Other comprehensive loss (5,385) (2,126)
Comprehensive loss (7,751) (2,049)
Less: Comprehensive loss attributable to noncontrolling interests (1,594) (713)
Comprehensive loss attributable to Athene Holding Ltd. shareholders $ (6,157) $ (1,336)

See accompanying notes to the unaudited condensed consolidated financial statements

11


ATHENE HOLDING LTD.
Condensed Consolidated Statements of Equity (Unaudited)


Successor
Three months ended
(In millions) Preferred stock Common stock Additional paid-in capital Retained earnings (accumulated deficit) Accumulated other comprehensive income (loss) Total Athene Holding Ltd. shareholders’ equity Noncontrolling interests Total equity
Balance as of January 1, 2022 $ —  $ —  $ 20,270  $ —  $ —  $ 20,270  $ 2,276  $ 22,546 
Net loss —  —  —  (1,483) —  (1,483) (883) (2,366)
Other comprehensive loss —  —  —  —  (4,674) (4,674) (711) (5,385)
Stock-based compensation allocation from parent —  —  11  —  —  11  —  11 
Preferred stock dividends —  —  —  (35) —  (35) —  (35)
Common stock dividends —  —  —  (188) —  (188) —  (188)
Distributions to parent —  —  (2,726) (26) —  (2,752) —  (2,752)
Contributions from noncontrolling interests —  —  —  —  —  —  311  311 
Consolidation of variable interest entities —  —  —  —  —  —  1,634  1,634 
Other changes in equity of noncontrolling interests —  —  —  —  —  —  (84) (84)
Balance at March 31, 2022 $ —  $ —  $ 17,555  $ (1,732) $ (4,674) $ 11,149  $ 2,543  $ 13,692 
Predecessor
Three months ended
Balance at December 31, 2020 $ —  $ —  $ 6,613  $ 8,073  $ 3,971  $ 18,657  $ 1,483  $ 20,140 
Net income —  —  —  614  —  614  (537) 77 
Other comprehensive loss —  —  —  —  (1,950) (1,950) (176) (2,126)
Issuance of common shares, net of expenses —  —  —  —  — 
Stock-based compensation —  —  —  —  — 
Retirement or repurchase of shares —  —  —  (4) —  (4) —  (4)
Preferred stock dividends —  —  —  (36) —  (36) —  (36)
Contributions from noncontrolling interests —  —  —  —  —  —  235  235 
Consolidation of variable interest entities —  —  —  —  —  —  40  40 
Balance at March 31, 2021 $ —  $ —  $ 6,623  $ 8,647  $ 2,021  $ 17,291  $ 1,045  $ 18,336 

See accompanying notes to the unaudited condensed consolidated financial statements
12


ATHENE HOLDING LTD.
Condensed Consolidated Statements of Cash Flows (Unaudited)

Successor Predecessor
(In millions) Three months ended March 31, 2022 Three months ended March 31, 2021
Cash flows from operating activities
Net income (loss) $ (2,366) $ 77 
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Amortization of deferred acquisition costs and value of business acquired 125  164 
Amortization of deferred sales inducements —  84 
Net amortization (accretion) of net investment premiums, discounts and other 73  (49)
Net investment (income) loss (related party: 2022 – $(199) and 2021 – $(416))
(238) (381)
Net recognized (gains) losses on investments and derivatives (related party: 2022 – $101 and 2021 – $(77))
1,813  (651)
Policy acquisition costs deferred (214) (143)
Changes in operating assets and liabilities:
Accrued investment income (related party: 2022 – $10 and 2021 – $(23))
77  (63)
Interest sensitive contract liabilities (related party: 2022 – $(21) and 2021 – $64)
(480) (34)
Future policy benefits and reinsurance recoverable (related party: 2022 – $34 and 2021 – $59)
(266) 1,245 
Funds withheld assets (related party: 2022 – $475 and 2021 – $153)
2,365  1,278 
Other assets and liabilities (734) 99 
Net cash provided by operating activities 155  1,626 
Cash flows from investing activities
Sales, maturities and repayments of:
Available-for-sale securities (related party: 2022 – $913 and 2021 – $350)
9,264  3,431 
Trading securities (related party: 2022 – $51 and 2021 – $7)
77  18 
Equity securities 87  38 
Mortgage loans (related party: 2022 – $28 and 2021 – $0)
985  325 
Investment funds (related party: 2022 – $351 and 2021 – $155)
427  173 
Derivative instruments and other invested assets (related party: 2022 – $44 and 2021 – $0)
1,179  915 
Short-term investments (related party: 2022 – $0 and 2021 – $98)
59  330 
Purchases of:
Available-for-sale securities (related party: 2022 – $(1,055) and 2021 – $(767))
(11,100) (8,275)
Trading securities (related party: 2022 – $(143) and 2021 – $(120))
(173) (149)
Equity securities (related party: 2022 – $(13) and 2021 – $(35))
(59) (48)
Mortgage loans (related party: 2022 – $(167) and 2021 – $(42))
(4,258) (1,786)
Investment funds (related party: 2022 – $(1,833) and 2021 – $(429))
(1,956) (467)
Derivative instruments and other invested assets (related party: 2022 – $(77) and 2021 – $0)
(736) (1,613)
Short-term investments (related party: 2022 – $(33) and 2021 – $(100))
(129) (232)
Consolidation of new variable interest entities 393  — 
Other investing activities, net (225) 457 
Net cash used in investing activities (6,165) (6,883)
(Continued)
See accompanying notes to the unaudited condensed consolidated financial statements
13


ATHENE HOLDING LTD.
Condensed Consolidated Statements of Cash Flows (Unaudited)

Successor Predecessor
(In millions) Three months ended March 31, 2022 Three months ended March 31, 2021
Cash flows from financing activities
Issuance of common stock $ —  $
Deposits on investment-type policies and contracts (related party: 2022 – $18 and 2021 – $26)
8,342  5,162 
Withdrawals on investment-type policies and contracts (related party: 2022 – $(88) and 2021 – $(100))
(2,245) (1,684)
Payments for coinsurance agreements on investment-type contracts, net
(13) (8)
Capital contributions from noncontrolling interests 311  235 
Capital distributions to noncontrolling interests —  — 
Net change in cash collateral posted for derivative transactions and securities to repurchase 27  151 
Preferred stock dividends (35) (36)
Common stock dividends (938) — 
Repurchase of common stock —  (4)
Other financing activities, net 14  (29)
Net cash provided by financing activities 5,463  3,788 
Effect of exchange rate changes on cash and cash equivalents (4) — 
Net decrease in cash and cash equivalents (551) (1,469)
Cash and cash equivalents at beginning of year1
10,429  8,442 
Cash and cash equivalents at end of period1
$ 9,878  $ 6,973 
Supplementary information
Non-cash transactions
Deposits on investment-type policies and contracts through reinsurance agreements (related party: 2022 – $72 and 2021 – $102)
$ 563  $ 214 
Withdrawals on investment-type policies and contracts through reinsurance agreements (related party: 2022 – $375 and 2021 – $408)
1,774  1,925 
Investments received from settlements on reinsurance agreements —  54 
Investments received from pension group annuity premiums 1,759  1,723 
Assets contributed to consolidated VIEs —  169 
Distributions to parent 2,145  — 
1 Includes cash and cash equivalents, restricted cash and cash and cash equivalents of consolidated variable interest entities.
(Concluded)
See accompanying notes to the unaudited condensed consolidated financial statements


14


ATHENE HOLDING LTD.
Notes to Condensed Consolidated Financial Statements (Unaudited)




1. Business, Basis of Presentation and Significant Accounting Policies

Athene Holding Ltd. (AHL), a Bermuda exempted company, together with its subsidiaries (collectively, Athene, we, our, us, or the Company), is a leading financial services company specializing in retirement services that issues, reinsures and acquires retirement savings products in the United States (US) and internationally.

We conduct business primarily through the following consolidated subsidiaries:

Our non-US reinsurance subsidiaries, to which AHL’s other insurance subsidiaries and third-party ceding companies directly and indirectly reinsure a portion of their liabilities, including Athene Life Re Ltd. (ALRe), a Bermuda exempted company, and Athene Life Re International Ltd. (ALReI); and
Athene USA Corporation, an Iowa corporation (together with its subsidiaries, AUSA).

In addition, we consolidate certain variable interest entities (VIEs) for which we have determined we are the primary beneficiary. See Note 5 – Variable Interest Entities for further information on VIEs.

Consolidation and Basis of Presentation—We have prepared the accompanying condensed consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and the United States Securities and Exchange Commission’s rules and regulations for Form 10-Q and Article 10 of Regulation S-X. The accompanying condensed consolidated financial statements are unaudited and reflect all adjustments, consisting only of normal recurring items, considered necessary for fair statement of the results for the interim periods presented. All intercompany accounts and transactions have been eliminated. Interim operating results are not necessarily indicative of the results expected for the entire year.

For entities that are consolidated, but not wholly owned, we allocate a portion of the income or loss and corresponding equity to the owners other than us. We include the aggregate of the income or loss and corresponding equity that is not owned by us in noncontrolling interests in the condensed consolidated financial statements.

The condensed consolidated balance sheet as of December 31, 2021 has been derived from the audited financial statements, but does not include all of the information and footnotes required by GAAP for complete financial statements. Therefore, these condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2021. The preparation of financial statements requires the use of management estimates. Actual results may differ from estimates used in preparing the condensed consolidated financial statements.

Merger – On January 1, 2022, we completed our merger with Apollo Global Management, Inc. (AGM, and together with its subsidiaries other than us or our subsidiaries, Apollo) and are now a direct wholly owned subsidiary of AGM. We have elected pushdown accounting in which we use AGM’s basis of accounting, which reflects the fair market value of our assets and liabilities at the time of the merger, unless otherwise prescribed by GAAP. Our condensed consolidated financial statements are presented as Predecessor for the periods prior to the merger and Successor for subsequent periods. We, along with certain of our non-US subsidiaries, are Bermuda exempted companies that have historically not been subject to US corporate income taxes on earnings. Due to the merger, our non-US earnings will generally be subject to US corporate income taxes. See Note 2 – Business Combination for further information on the merger.

Segments—We operate our core business strategies out of one reportable segment. As a wholly owned subsidiary of AGM, we no longer report certain other operations in a corporate and other segment.

Significant Accounting Policies

Mortgage loans—Effective January 1, 2022, we elected the fair value option on our mortgage loan portfolio. Interest income is accrued on the principal amount of the loan based on its contractual interest rate. We accrue interest on loans until it is probable we will not receive interest, or the loan is 90 days past due unless guaranteed by US government-sponsored agencies. Interest income and prepayment fees are reported in net investment income on the condensed consolidated statements of income (loss). Changes in the fair value of the mortgage loan portfolio are reported in investment related gains (losses) on the condensed consolidated statements of income (loss).

Derivative Instruments

Embedded Derivatives – We issue and reinsure products, primarily indexed annuity products, or purchase investments that contain embedded derivatives. If we determine the embedded derivative has economic characteristics not clearly and closely related to the economic characteristics of the host contract, and a separate instrument with the same terms would qualify as a derivative instrument, the embedded derivative is bifurcated from the host contract and accounted for separately, unless the fair value option is elected on the host contract. Under the fair value option, bifurcation of the embedded derivative is not necessary as the entire contract is carried at fair value with all related gains and losses recognized in investment related gains (losses) on the condensed consolidated statements of income (loss). Embedded derivatives are carried on the condensed consolidated balance sheets at fair value in the same line item as the host contract.

15


ATHENE HOLDING LTD.
Notes to Condensed Consolidated Financial Statements (Unaudited)



Fixed indexed annuity, index-linked variable annuity and indexed universal life insurance contracts allow the policyholder to elect a fixed interest rate return or an equity market component for which interest credited is based on the performance of certain stock market indices. The equity market option is an embedded derivative. The benefit reserve is equal to the sum of the fair value of the embedded derivative and the host (or guaranteed) component of the contracts. The fair value of the embedded derivatives represents the present value of cash flows attributable to the indexed strategies. The embedded derivative cash flows are based on assumptions for future policy growth, which include assumptions for expected index credits on the next policy anniversary date, future equity option costs, volatility, interest rates and policyholder behavior assumptions including lapses and the use of benefit riders. The embedded derivative cash flows are discounted using a rate that reflects our own credit rating. The host contract is established at contract inception as the initial account value less the initial fair value of the embedded derivative and accreted over the policy’s life. Contracts acquired through a business combination which contain an embedded derivative are re-bifurcated as of the acquisition date. Changes in the fair value of embedded derivatives associated with fixed indexed annuities, index-linked variable annuities and indexed universal life insurance contracts are included in interest sensitive contract benefits on the condensed consolidated statements of income (loss).

Additionally, reinsurance agreements written on a funds withheld or modco basis contain embedded derivatives. We have determined that the right to receive or obligation to pay the total return on the assets supporting the funds withheld at interest or funds withheld liability, respectively, represents a total return swap with a floating rate leg. The fair value of embedded derivatives on funds withheld and modco agreements is computed as the unrealized gain (loss) on the underlying assets and is included within funds withheld at interest and funds withheld liability on the condensed consolidated balance sheets for assumed and ceded agreements, respectively. The change in the fair value of the embedded derivatives is recorded in investment related gains (losses) on the condensed consolidated statements of income (loss). Assumed and ceded earnings from funds withheld at interest, funds withheld liability and changes in the fair value of embedded derivatives are reported in operating activities on the condensed consolidated statements of cash flows. Contributions to and withdrawals from funds withheld at interest and funds withheld liability are reported in operating activities on the condensed consolidated statements of cash flows.

Variable Interest Entities—An entity that does not have sufficient equity to finance its activities without additional financial support, or in which the equity investors, as a group, do not have the characteristics typically afforded to common shareholders is a VIE. The determination as to whether an entity qualifies as a VIE depends on the facts and circumstances surrounding each entity and may require significant judgment. Our investment funds typically qualify as VIEs and are evaluated for consolidation under the VIE model.

We are required to consolidate a VIE if we are the primary beneficiary, defined as the variable interest holder with both the power to direct the activities that most significantly impact the VIE’s economic performance and rights to receive benefits or obligations to absorb losses that could be potentially significant to the VIE. We determine whether we are the primary beneficiary of an entity based on a qualitative assessment of the VIE’s capital structure, contractual terms, nature of the VIE’s operations and purpose and our relative exposure to the related risks of the VIE. Since affiliates of AGM, a related party under common control, are the decision makers in certain of the investment funds and securitization vehicles, we and a member of our related party group may together have the characteristics of the primary beneficiary in a VIE. In this situation, we have concluded we must consolidate the VIE when we have significant economic exposure to the entity. We reassess the VIE and primary beneficiary determinations on an ongoing basis.

Deferred Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired

Deferred Acquisition Costs and Deferred Sales Inducements – Costs related directly to the successful acquisition of new, or renewal of, insurance or investment contracts are deferred to the extent they are recoverable from future premiums or gross profits. These costs consist of commissions and policy issuance costs, as well as sales inducements credited to policyholder account balances, and are included in deferred acquisition costs (DAC), deferred sales inducements (DSI) and value of business acquired (VOBA) on the condensed consolidated balance sheets. We perform periodic tests, including at issuance, to determine if the deferred costs are recoverable. If we determine that the deferred costs are not recoverable, we record a cumulative charge to the current period.

Deferred costs related to universal life-type policies and investment contracts with significant revenue streams from sources other than investment of the policyholder funds are amortized over the lives of the policies, based upon the proportion of the present value of actual and expected deferred costs to the present value of actual and expected gross profits to be earned over the life of the policies. Gross profits include investment spread margins, surrender charge income, policy administration charges and expenses, changes in the guaranteed lifetime withdrawal benefit (GLWB) and guaranteed minimum death benefit (GMDB) reserves and realized gains and losses on investments. Current period gross profits for fixed indexed annuities also include the change in fair value of both freestanding and embedded derivatives. Estimates of the expected gross profits and margins are based on assumptions using accepted actuarial methods related to policyholder behavior, including lapses and the utilization of benefit riders, mortality, yields on investments supporting the liabilities, future interest credited amounts (including indexed related credited amounts on fixed indexed annuity products), and other policy changes as applicable, and the level of expenses necessary to maintain the policies over their expected lives. Each reporting period, we update estimated gross profits with actual gross profits as part of the amortization process and adjust the DAC and DSI balances due to the other comprehensive income (OCI) effects of unrealized investment gains and losses on AFS securities. We also periodically revise the key assumptions used in the amortization calculation, which results in revisions to the estimated future gross profits. The effects of changes in assumptions are recorded as unlocking in the period in which the changes are made.

16


ATHENE HOLDING LTD.
Notes to Condensed Consolidated Financial Statements (Unaudited)



Deferred costs related to investment contracts without significant revenue streams from sources other than investment of the policyholder funds are amortized using the effective interest method. The effective interest method amortizes the deferred costs by discounting the future liability cash flows at a break-even rate. The break-even rate is solved for such that the present value of future liability cash flows is equal to the net liability at the inception of the contract.

Value of Business Acquired – We establish VOBA for blocks of insurance contracts acquired through the acquisition of insurance entities and through application of pushdown accounting. We record the fair value of the liabilities assumed in two components: reserves and VOBA. Reserves are established using our best estimate assumptions consistent with our policies for future policy benefits and interest sensitive contract liabilities. VOBA is the difference between the fair value of the liabilities and the reserves. VOBA can be either positive or negative. Any negative VOBA is recorded to the same financial statement line on the condensed consolidated balance sheets as the associated reserves. Positive VOBA is recorded in deferred acquisition costs, deferred sales inducements and value of business acquired on the condensed consolidated balance sheets. We perform periodic tests to determine if the VOBA remains recoverable. If we determine that VOBA is not recoverable, we record a cumulative charge to the current period.

In connection with the application of pushdown accounting, we changed our VOBA amortization method such that all VOBA and negative VOBA balances are amortized in relation to applicable policyholder liabilities. VOBA and negative VOBA are amortized in relation to applicable policyholder liabilities. Significant assumptions that impact VOBA and negative VOBA amortization are consistent with those that impact the measurement of policyholder liabilities. See Note 7 – Deferred Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired for further information.

Recognition of Revenues and Related Expenses—Revenues for universal life-type policies and investment contracts, including surrender and market value adjustments, costs of insurance, policy administration, GMDB, GLWB and no-lapse guarantee charges, are earned when assessed against policyholder account balances during the period. Interest credited to policyholder account balances and the change in fair value of embedded derivatives within fixed indexed annuity contracts is included in interest sensitive contract benefits on the condensed consolidated statements of income (loss).

Premiums for long-duration contracts, including products with fixed and guaranteed premiums and benefits, are recognized as revenue when due from policyholders. When premiums are due over a significantly shorter period than the period over which benefits are provided, such as immediate annuities with life contingencies (which includes pension group annuities), a deferred profit liability is established equal to the excess of the gross premium over the net premium. The deferred profit liability is recognized in future policy benefits on the condensed consolidated balance sheets and amortized into income in relation to applicable policyholder liabilities through future policy and other policy benefits on the condensed consolidated statements of income (loss).

All insurance related revenue is reported net of reinsurance ceded.

Recently Issued Accounting Pronouncements

Insurance – Targeted Improvements to the Accounting for Long-Duration Contracts (ASU 2020-11, ASU 2019-09, ASU 2018-12)
These updates amend four key areas pertaining to the accounting and disclosures for long-duration insurance and investment contracts.
The update requires cash flow assumptions used to measure the liability for future policy benefits to be updated at least annually and no longer allows a provision for adverse deviation. The remeasurement of the liability associated with the update of assumptions is required to be recognized in net income. Loss recognition testing is eliminated for traditional and limited-payment contracts. The update also requires the discount rate used in measuring the liability to be an upper-medium grade fixed-income instrument yield, which is to be updated at each reporting date. The change in liability due to changes in the discount rate is to be recognized in other comprehensive income.
The update simplifies the amortization of deferred acquisition costs and other balances amortized in proportion to premiums, gross profits, or gross margins, requiring such balances to be amortized on a constant level basis over the expected term of the contracts. Deferred costs are required to be written off for unexpected contract terminations but are not subject to impairment testing.
The update requires certain contract features meeting the definition of market risk benefits to be measured at fair value. Among the features included in this definition are GLWB and GMDB riders attached to our annuity products. The change in fair value of the market risk benefits is to be recognized in net income, excluding the portion attributable to changes in instrument-specific credit risk which is recognized in other comprehensive income.
The update also introduces disclosure requirements around the liability for future policy benefits, policyholder account balances, market risk benefits, separate account liabilities, and deferred acquisition costs. This includes disaggregated rollforwards of these balances and information about significant inputs, judgments, assumptions and methods used in their measurement.

We are required to adopt these updates on January 1, 2023. Certain provisions of the update are required to be adopted on a fully retrospective basis, while others may be adopted on a modified retrospective basis. Early adoption is permitted. We are currently evaluating the impact of this guidance on our condensed consolidated financial statements.


17


ATHENE HOLDING LTD.
Notes to Condensed Consolidated Financial Statements (Unaudited)



2. Business Combination

At the closing of the merger with AGM, each issued and outstanding AHL Class A common share (other than shares held by Apollo, the Apollo Operating Group (AOG) or the respective direct or indirect wholly owned subsidiaries of Athene or the AOG) was converted automatically into 1.149 shares of AGM common shares and any cash paid in lieu of fractional AGM common shares. In connection with the merger, AGM issued to AHL Class A common shareholders 158.2 million AGM common shares in exchange for 137.6 million AHL Class A common shares that were issued and outstanding as of the acquisition date, exclusive of the 54.6 million shares previously held by Apollo immediately before the acquisition date.

The consideration was calculated based on historical AGM’s December 31, 2021 closing share price multiplied by the AGM common shares issued in the share exchange, as well as the fair value of stock-based compensation awards replaced, fair value of warrants converted to AGM common shares and other equity consideration, and effective settlement of pre-existing relationships and other consideration.

The following represents the calculation of consideration:

(In millions, except exchange ratio and share price data) Consideration
AHL common shares purchased 138 
Exchange ratio 1.149
Shares of common stock issued in exchange 158 
AGM Class A shares closing price $ 72.43 
Total merger consideration at closing $ 11,455 
Fair value of estimated RSUs, options and warrants assumed and other equity consideration 699 
Effective settlement of pre-existing relationships 896 
Total merger consideration 13,050 
Fair value of AHL common shares previously held by Apollo and other adjustments 4,554 
Total AHL equity value held by AGM 17,604 
Fair value of preferred stock 2,666 
Noncontrolling interest 2,276 
Total AHL equity value $ 22,546 

18


ATHENE HOLDING LTD.
Notes to Condensed Consolidated Financial Statements (Unaudited)



The following represents the calculation of goodwill and fair value amounts recognized:

(In millions) Fair value and goodwill calculation
Merger consideration $ 13,050 
Fair value of AHL common shares previously held by Apollo and other adjustments 4,554 
Total AHL equity value held by AGM 17,604 
Assets
Investments $ 175,987 
Cash and cash equivalents 9,479 
Restricted cash 796 
Investment in related parties 33,786 
Reinsurance recoverable 4,977 
VOBA 4,547 
Other assets 5,779 
Assets of consolidated variable interest entities 3,635 
Estimated fair value of total assets acquired by AGM 238,986 
Liabilities
Interest sensitive contract liabilities 160,248 
Future policy benefits 47,130 
Long-term debt 3,295 
Payables for collateral on derivatives and securities to repurchase 7,044 
Other liabilities 2,443 
Liabilities of consolidated variable interest entities 461 
Estimated fair value of total liabilities assumed by AGM 220,621 
Identifiable net assets 18,365 
Less: Fair value of preferred stock 2,666 
Less: Fair value of noncontrolling interests 2,276 
Estimated fair value of net assets acquired by AGM, excluding goodwill 13,423 
Goodwill attributable to AHL $ 4,181 

Included within the above are provisional amounts for (1) VOBA, (2) interest sensitive contract liabilities, (3) future policy benefits, and (4) other assets and other liabilities for the portion of our net assets AGM acquired relating to other identifiable intangible assets and deferred taxes, based on the availability of data as of the date the financial statements were available to be issued. Any adjustment to provisional amounts will be made prospectively as data becomes available. The income effects from changes to provisional amounts will be recorded in the period the adjustment is made, as if the adjustment had been recorded on the merger date. We expect to finalize pushdown accounting as soon as practicable but no later than one year from the merger date.

As part of pushdown accounting, we recorded the calculated goodwill based on the amount that our AHL equity value to be held by AGM exceeded the fair value of identifiable net assets less the amounts attributable to fair values of preferred stock and noncontrolling interests. Goodwill is primarily attributable to the scale, skill sets, operations, and synergies that can be achieved subsequent to the merger. The goodwill recorded is not expected to be deductible for tax purposes. We incurred transaction costs of $70 million associated with the merger which were included in policy and other operating expenses on the consolidated statements of income for the year ended December 31, 2021.

We also recorded VOBA and other identifiable intangible assets. Other identifiable intangible assets are included in other assets on the condensed consolidated balance sheets, as follows:

Distribution channels These assets are valued using the excess earnings method, which derives value based on the present value of the cash flow attributable to the distribution channels, less returns for contributory assets.
Trade name This represents the Athene trade name and was valued using the relief-from-royalty method considering publicly available third-party trade name royalty rates as well as expected premiums generated by the use of the trade name over its anticipated life.
Insurance licenses Licenses are protected through registration and were valued using the market approach based on third-party market transactions from which the prices paid for state insurance licenses could be derived.

19


ATHENE HOLDING LTD.
Notes to Condensed Consolidated Financial Statements (Unaudited)



The fair value and weighted average estimated useful life of identifiable intangible assets consists of the following:

Fair value
(in millions)
Weighted average useful life
(in years)
VOBA $ 4,547  7
Distribution channels 1,870  18
Trade name 160  20
Insurance licenses 26  Indefinite
Total $ 6,603 


3. Investments

AFS SecuritiesOur AFS investment portfolio includes bonds, collateralized loan obligations (CLO), asset-backed securities (ABS), commercial mortgage-backed securities (CMBS), residential mortgage-backed securities (RMBS) and redeemable preferred stock. Our AFS investment portfolio includes related party investments that are primarily comprised of investments over which Apollo can exercise significant influence. These investments are presented as investments in related parties on the condensed consolidated balance sheets, and are separately disclosed below.

The following table represents the amortized cost, allowance for credit losses, gross unrealized gains and losses and fair value of our AFS investments by asset type:
Successor
March 31, 2022
(In millions) Amortized Cost Allowance for Credit Losses Gross Unrealized Gains Gross Unrealized Losses Fair Value
AFS securities
US government and agencies $ 3,123  $ —  $ $ (163) $ 2,961 
US state, municipal and political subdivisions
1,209  —  —  (117) 1,092 
Foreign governments 1,173  (66) 11  (107) 1,011 
Corporate 65,935  (55) 34  (5,675) 60,239 
CLO 14,282  (18) (239) 14,028 
ABS 9,572  (11) (281) 9,284 
CMBS 2,883  (6) 14  (144) 2,747 
RMBS 6,045  (312) (204) 5,537 
Total AFS securities 104,222  (468) 75  (6,930) 96,899 
AFS securities – related party
Corporate 948  —  10  (26) 932 
CLO 2,776  (3) (43) 2,732 
ABS
4,705  (17) (32) 4,660 
Total AFS securities – related party
8,429  (20) 16  (101) 8,324 
Total AFS securities including related party
$ 112,651  $ (488) $ 91  $ (7,031) $ 105,223 

20


ATHENE HOLDING LTD.
Notes to Condensed Consolidated Financial Statements (Unaudited)



Predecessor
December 31, 2021
(In millions) Amortized Cost Allowance for Credit Losses Gross Unrealized Gains Gross Unrealized Losses
Fair Value
AFS securities
US government and agencies $ 231  $ —  $ $ (10) $ 223 
US state, municipal and political subdivisions 1,081  —  134  (2) 1,213 
Foreign governments 1,110  —  35  (17) 1,128 
Corporate 62,817  —  4,060  (651) 66,226 
CLO 13,793  —  44  (185) 13,652 
ABS 8,890  (17) 151  (35) 8,989 
CMBS 2,764  (3) 56  (59) 2,758 
RMBS 5,772  (103) 326  (25) 5,970 
Total AFS securities 96,458  (123) 4,808  (984) 100,159 
AFS securities – related party
Corporate 842  —  19  (2) 859 
CLO 2,573  —  (29) 2,549 
ABS 6,986  —  61  (53) 6,994 
Total AFS securities – related party 10,401  —  85  (84) 10,402 
Total AFS securities including related party $ 106,859  $ (123) $ 4,893  $ (1,068) $ 110,561 

The amortized cost and fair value of AFS securities, including related party, are shown by contractual maturity below:    
Successor
March 31, 2022
(In millions) Amortized Cost Fair Value
AFS securities
Due in one year or less $ 1,047  $ 1,041 
Due after one year through five years 9,154  8,734 
Due after five years through ten years 18,960  17,605 
Due after ten years 42,279  37,923 
CLO, ABS, CMBS and RMBS 32,782  31,596 
Total AFS securities 104,222  96,899 
AFS securities – related party
Due after one year through five years 24  23 
Due after five years through ten years 776  752 
Due after ten years 148  157 
CLO and ABS 7,481  7,392 
Total AFS securities – related party
8,429  8,324 
Total AFS securities including related party $ 112,651  $ 105,223 

Actual maturities can differ from contractual maturities as borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

21


ATHENE HOLDING LTD.
Notes to Condensed Consolidated Financial Statements (Unaudited)



Unrealized Losses on AFS SecuritiesThe following summarizes the fair value and gross unrealized losses for AFS securities, including related party, for which an allowance for credit losses has not been recorded, aggregated by asset type and length of time the fair value has remained below amortized cost:
Successor
March 31, 2022
Less than 12 months 12 months or more Total
(In millions) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses
AFS securities
US government and agencies
$ 2,919  $ (163) $ —  $ —  $ 2,919  $ (163)
US state, municipal and political subdivisions
1,080  (117) —  —  1,080  (117)
Foreign governments 951  (107) —  —  951  (107)
Corporate 59,336  (5,674) —  —  59,336  (5,674)
CLO 12,066  (214) —  —  12,066  (214)
ABS 6,098  (247) —  —  6,098  (247)
CMBS
2,360  (134) —  —  2,360  (134)
RMBS
3,677  (157) —  —  3,677  (157)
Total AFS securities
88,487  (6,813) —  —  88,487  (6,813)
AFS securities – related party
Corporate 775  (26) —  —  775  (26)
CLO 2,069  (38) —  —  2,069  (38)
ABS
1,521  (28) —  —  1,521  (28)
Total AFS securities – related party
4,365  (92) —  —  4,365  (92)
Total AFS securities including related party
$ 92,852  $ (6,905) $ —  $ —  $ 92,852  $ (6,905)

Predecessor
December 31, 2021
Less than 12 months 12 months or more Total
(In millions) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses
AFS securities
US government and agencies $ 164  $ (8) $ 22  $ (2) $ 186  $ (10)
US state, municipal and political subdivisions 122  (2) —  123  (2)
Foreign governments 387  (17) —  388  (17)
Corporate 18,995  (523) 863  (59) 19,858  (582)
CLO 7,685  (124) 1,537  (35) 9,222  (159)
ABS 4,038  (16) 165  (12) 4,203  (28)
CMBS 880  (29) 177  (22) 1,057  (51)
RMBS 437  (9) 274  (5) 711  (14)
Total AFS securities 32,708  (728) 3,040  (135) 35,748  (863)
AFS securities – related party
Corporate 313  (2) —  —  313  (2)
CLO 1,245  (20) 163  (3) 1,408  (23)
ABS 3,801  (52) 13  (1) 3,814  (53)
Total AFS securities – related party
5,359  (74) 176  (4) 5,535  (78)
Total AFS securities including related party
$ 38,067  $ (802) $ 3,216  $ (139) $ 41,283  $ (941)

22


ATHENE HOLDING LTD.
Notes to Condensed Consolidated Financial Statements (Unaudited)



The following summarizes the number of AFS securities that were in an unrealized loss position, including related party, for which an allowance for credit losses has not been recorded:
Successor
March 31, 2022
Unrealized loss position Unrealized loss position 12 months or more
AFS securities 8,329  — 
AFS securities – related party 106  — 

The unrealized losses on AFS securities can primarily be attributed to changes in market interest rates since application of pushdown accounting or acquisition. We did not recognize the unrealized losses in income as we intend to hold these securities and it is not more likely than not we will be required to sell a security before the recovery of its amortized cost.

Allowance for Credit LossesThe following table summarizes the activity in the allowance for credit losses for AFS securities by asset type:

Successor
Three months ended March 31, 2022
Additions Reductions
(In millions) January 1, 2022 Initial credit losses Initial credit losses on PCD securities Securities sold during the period Additions (reductions) to previously impaired securities Ending Balance
AFS securities
Foreign governments $ —  $ 66  $ —  $ —  $ —  $ 66 
Corporate —  55  —  —  —  55 
CLO —  18  —  —  —  18 
ABS —  —  11 
CMBS —  —  —  — 
RMBS 306  —  (8) 312 
Total AFS securities 311  159  —  (8) 468 
AFS securities – related party
CLO —  —  —  — 
ABS —  17  —  —  —  17 
Total AFS securities – related party —  20  —  —  —  20 
Total AFS securities including related party $ 311  $ 179  $ —  $ (8) $ $ 488 
Predecessor
Three months ended March 31, 2021
Additions Reductions
(In millions) Beginning balance Initial credit losses Initial credit losses on PCD securities Securities sold during the period Additions (reductions) to previously impaired securities Ending Balance
AFS securities
Corporate $ $ $ —  $ (2) $ $
CLO —  —  —  (1) — 
ABS —  —  —  11 
CMBS
10  —  —  14 
RMBS
80  —  (3) (1) 78 
Total AFS securities 103  (5) 111 
AFS securities - related party, CLO —  —  (1) —  — 
Total AFS securities including related party
$ 104  $ $ $ (6) $ $ 111 

23


ATHENE HOLDING LTD.
Notes to Condensed Consolidated Financial Statements (Unaudited)



Net Investment Income—Net investment income by asset class, including related party, consists of the following:
Successor Predecessor
(In millions) Three months ended March 31, 2022 Three months ended March 31, 2021
AFS securities $ 876  $ 860 
Trading securities 63  63 
Equity securities 15 
Mortgage loans 237  178 
Investment funds 304  442 
Funds withheld at interest 337  206 
Other 42  64 
Investment revenue 1,874  1,817 
Investment expenses (191) (148)
Net investment income $ 1,683  $ 1,669 

Investment Related Gains (Losses)—Investment related gains (losses) by asset class, including related party, consists of the following:
Successor Predecessor
(In millions) Three months ended March 31, 2022 Three months ended March 31, 2021
AFS securities
Gross realized gains on investment activity $ 103  $ 73 
Gross realized losses on investment activity (410) (143)
Net realized investment losses on AFS securities (307)