ATHENE HOLDING LTD. Athene Life Re Ltd.
Statutory Financial Statements (Unaudited)
September 30, 2020
The accompanying unconsolidated statements of ALRe have been prepared by management based on the financial reporting provisions of The Insurance Act 1978, amendments thereto and the Insurance Account Rules 2016 (the "Bermuda Legislation"). These statutory financial statements reflect the ALRe parent company activity plus its investment in subsidiaries.
STATUTORY BALANCE SHEET
Athene Life Re Ltd. | |||||||||||||||
As at | September 30, 2020 and December 31, 2019 | FORM 1SFS | |||||||||||||
Expressed in | |||||||||||||||
['000s] | United States Dollars | ||||||||||||||
General Business | Long-Term Business | General & Long-Term Business | |||||||||||||
A STMT. | Unconsolidated | Unconsolidated | Consolidated | ||||||||||||
LINE No. | 2020 | 2019 | 2020 | 2019 | 2020 | 2019 | |||||||||
These statutory financial statements are presented on an unconsolidated basis. | ('000s) | ('000s) | ('000s) | ('000s) | ('000s) | ('000s) | |||||||||
1. | CASH AND CASH EQUIVALENTS | ||||||||||||||
800,129 | 438,986 | ||||||||||||||
2. | QUOTED INVESTMENTS: | ||||||||||||||
(a) | Bonds and debentures | ||||||||||||||
i. Held to maturity | 5,320,717 | 5,111,926 | |||||||||||||
ii. Other | - | - | |||||||||||||
(b) | Total Bonds and Debentures | 5,320,717 | 5,111,926 | ||||||||||||
(c) | Equities | ||||||||||||||
i. Common Stocks | 0 | - | |||||||||||||
ii. Preferred Stocks | 0 | - | |||||||||||||
iii. Mutual Funds | - | - | |||||||||||||
(d) | Total Equity Investments | 0 | - | ||||||||||||
(e) | Other Quoted Investments | - | - | ||||||||||||
(f) | Total Quoted Investments | 5,320,717 | 5,111,926 | ||||||||||||
3. | UNQUOTED INVESTMENTS: | ||||||||||||||
(a) | Bonds and debentures | ||||||||||||||
i. Held to maturity | - | - | |||||||||||||
ii. Other | - | - | |||||||||||||
(b) | Bonds and Debentures | - | - | ||||||||||||
(c) | Equities | ||||||||||||||
i. Common Stocks | - | - | |||||||||||||
ii. Preferred Stocks | - | - | |||||||||||||
iii. Mutual Funds | - | - | |||||||||||||
(d) | Total Equity Investments | - | - | ||||||||||||
(e) | Other Unquoted Investments | 877,926 | 791,506 | ||||||||||||
(f) | Total Unquoted Investments | 877,926 | 791,506 | ||||||||||||
4. | INVESTMENTS IN AND ADVANCES TO AFFILIATES (EQUITY METHOD): | ||||||||||||||
(a) | Unregulated entities that conduct ancillary services | - | - | ||||||||||||
(b) | Unregulated non-financial operating entities | 1,280,989 | 82,507 | ||||||||||||
(c) | Unregulated financial operating entities | - | - | ||||||||||||
(d) | Regulated non-insurance financial operating entities | - | - | ||||||||||||
(e) | Regulated insurance financial operating entities | 4,997,842 | 4,135,413 | ||||||||||||
(f) | Total investments in affiliates (equity method) | 6,278,831 | 4,217,920 | ||||||||||||
(g) | Advances to affiliates | 404,605 | 427,268 | ||||||||||||
(h) | Total investments in and advances to affiliates (equity method) | 6,683,436 | 4,645,188 | ||||||||||||
5. | INVESTMENTS IN MORTGAGE LOANS ON REAL ESTATE: | ||||||||||||||
(a) | First Liens | 410,218 | 421,358 | ||||||||||||
(b) | Other than First Liens | - | - | ||||||||||||
(c) | Total Investments in Mortgage Loans on Real Estate | 410,218 | 421,358 | ||||||||||||
6. | POLICY LOANS | 11 | 10 | ||||||||||||
7. | REAL ESTATE: | ||||||||||||||
(a) | Occupied by the company (less encumbrances) | - | - | ||||||||||||
(b) | Other properties (less encumbrances) | - | - | ||||||||||||
(c) | Total real estate | - | - | ||||||||||||
8. | COLLATERAL LOANS | ||||||||||||||
- | - | ||||||||||||||
9. | INVESTMENT INCOME DUE AND ACCRUED | ||||||||||||||
38,800 | 38,688 | ||||||||||||||
10. | ACCOUNTS AND PREMIUMS RECEIVABLE | ||||||||||||||
(a) | In course of collection | 132,520 | 245,617 | ||||||||||||
(b) | Deferred - not yet due | - | - | ||||||||||||
(c) | Receivables from retrocessional contracts | - | - | ||||||||||||
(d) | Total accounts and premiums receivable | 132,520 | 245,617 | ||||||||||||
11. | REINSURANCE BALANCES RECEIVABLE | ||||||||||||||
(a) | Foreign affiliates | - | - | ||||||||||||
(b) | Domestic affiliates | - | - | ||||||||||||
(c) | Pools & associations | - | - | ||||||||||||
(d) | All other insurers | - | - | ||||||||||||
(e) | Total reinsurance balances receivable | - | - |
Form 1 SFS ALRe | Page 2 |
STATUTORY BALANCE SHEET
Athene Life Re Ltd. | ||||||||||||||||
As at | September 30, 2020 and December 31, 2019 | FORM 1SFS | ||||||||||||||
Expressed in | ||||||||||||||||
['000s] | United States Dollars | |||||||||||||||
General Business | Long-Term Business | General & Long-Term Business | ||||||||||||||
A STMT. | Unconsolidated | Unconsolidated | Consolidated | |||||||||||||
LINE No. | 2020 | 2019 | 2020 | 2019 | 2020 | 2019 | ||||||||||
These statutory financial statements are presented on an unconsolidated basis. | ('000s) | ('000s) | ('000s) | ('000s) | ('000s) | ('000s) | ||||||||||
12. | FUNDS HELD BY CEDING COMPANIES | |||||||||||||||
56,523,029 | 19,477,552 | |||||||||||||||
13. | SUNDRY ASSETS: | |||||||||||||||
(a) | Derivative instruments | 82,822 | 51,324 | |||||||||||||
(b) | Segregated accounts companies - long-term business - variable annuities | - | - | |||||||||||||
(c) | Segregated accounts companies - long-term business - others | - | - | |||||||||||||
(d) | Segregated accounts companies - general business | - | ||||||||||||||
(e) | Deposit assets | - | - | |||||||||||||
(f) | Deferred acquisition costs | - | - | |||||||||||||
(g) | Net receivables for investments sold | 15,132 | 17,691 | |||||||||||||
(h) | Fixed assets | - | 40 | |||||||||||||
(i) | Other Assets | 191,720 | - | |||||||||||||
(j) | - | - | ||||||||||||||
(k) | Total sundry assets | 289,674 | 69,055 | |||||||||||||
14. | LETTERS OF CREDIT, GUARANTEES AND OTHER INSTRUMENTS | |||||||||||||||
(a) | Letters of credit | - | - | |||||||||||||
(b) | Guarantees | - | - | |||||||||||||
(c) | Other instruments | - | - | |||||||||||||
(d) | Total letters of credit, guarantees and other instruments | - | - | |||||||||||||
15. | TOTAL | |||||||||||||||
71,076,460 | 31,239,886 | |||||||||||||||
INSURANCE RESERVES, OTHER LIABILITIES AND STATUTORY CAPITAL AND SURPLUS | ||||||||||||||||
LONG-TERM BUSINESS INSURANCE RESERVES | ||||||||||||||||
20. | RESERVES FOR REPORTED CLAIMS | |||||||||||||||
- | - | |||||||||||||||
21. | RESERVES FOR UNREPORTED CLAIMS | 6,264 | - | |||||||||||||
22. | POLICY RESERVES - LIFE | |||||||||||||||
23,244,842 | 13,136,680 | |||||||||||||||
23. | POLICY RESERVES - ACCIDENT AND HEALTH | |||||||||||||||
- | - | |||||||||||||||
24. | POLICYHOLDER'S FUNDS ON DEPOSIT | |||||||||||||||
- | - | |||||||||||||||
25. | LIABILITY FOR FUTURE POLICYHOLDER DIVIDENDS | |||||||||||||||
- | - | |||||||||||||||
26. | OTHER LONG-TERM BUSINESS INSURANCE RESERVES | |||||||||||||||
- | - | |||||||||||||||
27. | TOTAL LONG-TERM BUSINESS - INSURANCE RESERVES | |||||||||||||||
(a) | Total Gross Long-Term Business Insurance Reserves | 55,228,176 | 19,416,313 | |||||||||||||
(b) | Less: Reinsurance Recoverable Balance: | |||||||||||||||
(i) Foreign Affiliates | - | - | ||||||||||||||
(ii) Domestic Affiliaties | 31,977,070 | 6,279,633 | ||||||||||||||
(iii) Pools and Associations | - | - | ||||||||||||||
(iv) All Other Insurers | (0) | - | ||||||||||||||
(c) | Total Reinsurance Recoverable Balance | 31,977,070 | 6,279,633 | |||||||||||||
(d) | Net Long-Term Business Insurance Reserves | 23,251,106 | 13,136,680 | |||||||||||||
Form 1 SFS ALRe | Page 3 |
STATUTORY BALANCE SHEET
Athene Life Re Ltd. | ||||||||||||||||
As at | September 30, 2020 and December 31, 2019 | FORM 1SFS | ||||||||||||||
Expressed in | ||||||||||||||||
['000s] | United States Dollars | |||||||||||||||
General Business | Long-Term Business | General & Long-Term Business | ||||||||||||||
A STMT. | Unconsolidated | Unconsolidated | Consolidated | |||||||||||||
LINE No. | 2020 | 2019 | 2020 | 2019 | 2020 | 2019 | ||||||||||
These statutory financial statements are presented on an unconsolidated basis. | ('000s) | ('000s) | ('000s) | ('000s) | ('000s) | ('000s) | ||||||||||
OTHER LIABILITIES | ||||||||||||||||
28. | INSURANCE AND REINSURANCE BALANCES PAYABLE | |||||||||||||||
5,423 | 4,838 | |||||||||||||||
29. | COMMISSIONS, EXPENSES, FEES AND TAXES PAYABLE | |||||||||||||||
111 | - | |||||||||||||||
30. | LOANS AND NOTES PAYABLE | |||||||||||||||
- | - | |||||||||||||||
31. | (a) INCOME TAXES PAYABLE | |||||||||||||||
- | - | |||||||||||||||
(b) DEFERRED INCOME TAXES | ||||||||||||||||
- | - | |||||||||||||||
32. | AMOUNTS DUE TO AFFILIATES | 1,205,880 | 781 | |||||||||||||
33. | ACCOUNTS PAYABLE AND ACCRUED LIABILITIES | |||||||||||||||
7,259 | 222,309 | |||||||||||||||
34. | FUNDS HELD UNDER REINSURANCE CONTRACTS | |||||||||||||||
33,237,971 | 6,332,916 | |||||||||||||||
35. | DIVIDENDS PAYABLE | |||||||||||||||
- | - | |||||||||||||||
36. | SUNDRY LIABILITIES: | |||||||||||||||
(a) | Derivative instruments | 9,485 | 7,839 | |||||||||||||
(b) | Segregated accounts | - | - | |||||||||||||
(c) | Deposit liabilities | - | - | |||||||||||||
(d) | Net payable for investments purchased | 366,584 | 234,732 | |||||||||||||
(e) | Other sundry liabilities | 33,236 | 6 | |||||||||||||
(f) | - | - | ||||||||||||||
(g) | - | - | ||||||||||||||
(h) | Total sundry liabilities | 409,305 | 242,577 | |||||||||||||
37. | LETTERS OF CREDIT, GUARANTEES AND OTHER INSTRUMENTS | |||||||||||||||
(a) | Letters of credit | 300,000 | 300,000 | |||||||||||||
(b) | Guarantees | - | - | |||||||||||||
(c) | Other instruments | - | - | |||||||||||||
(d) | Total letters of credit, guarantees and other instruments | 300,000 | 300,000 | |||||||||||||
38. | TOTAL OTHER LIABILITIES | |||||||||||||||
35,165,948 | 7,103,421 | |||||||||||||||
39. | TOTAL INSURANCE PROVISIONS AND OTHER LIABILITIES | |||||||||||||||
58,417,054 | 20,240,101 | |||||||||||||||
STATUTORY CAPITAL AND SURPLUS | ||||||||||||||||
40. | TOTAL STATUTORY CAPITAL AND SURPLUS | 12,659,407 | 10,999,785 | |||||||||||||
41. | TOTAL | |||||||||||||||
- | - | 71,076,460 | 31,239,886 |
Form 1 SFS ALRe | Page 4 |
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Athene Holding Ltd. published this content on 20 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 November 2020 21:40:03 UTC
