Filing Flows › Financials › Athene Holding (ATH-PA)
Athene Holding (ATH-PA) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Athene Holding (ATH-PA) Q3 2026 earnings results →
Q3 2026 Revenue down 62% year over year to $3.1B · 43¢ of every $1 of revenue lost · operating margin -56.7%
Athene Holding made $3.1B in Q3 2026 (-62% Y/Y). Operating margin -56.7%, net loss $1.3B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $3.1B in Q3 2026, down 62% year over year and down 67% from the previous quarter.
Operating costs exceeded revenue by $1.7B, an operating margin of -56.7%. Total costs fell 18% while revenue fell 62%. The quarter ended with a net loss of $1.3B, after a profit of $1.7B the previous quarter. Minority interests bore $0.20B of it: to shareholders the quarter was a loss of $1.1B.
Operating cash flow was $0.83B (up 30% year over year). Working capital and other items added $2.1B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $3.1B | -62% | -56.7% | −$1.3B | $827M |
| Q2 2026 | 10-Q | Aug 10, 2026 | $9.2B | +71% | 20.8% | $989M | $1.8B |
| Q1 2026 | 10-Q | May 7, 2026 | $3.7B | -12% | 5.2% | −$1.5B | $835M |
| Q4 2025 | 10-K | Feb 25, 2026 | $8.1B | +115% | 16.9% | $523M | $3.0B |
| Q3 2025 | 10-Q | Nov 10, 2025 | $8.0B | +23% | 26.8% | $1.3B | $636M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $5.4B | +15% | 12.2% | $464M | $1.1B |
| Q1 2025 | 10-Q | May 7, 2025 | $4.2B | -27% | 22.3% | $465M | $426M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About Athene Holding
As a result of increased innovation and technology in the insurance sector, the NAIC is monitoring technology developments that impact the state insurance regulatory framework and has developed or is developing regulatory guidance, as appropriate. For example, the NAIC has adopted amendments to the anti-rebating provisions of the NAIC’s Unfair Trade Practices Act to address new technologies that are being deployed to add value to existing insurance products and services. The NAIC also adopted guiding principles related to artificial intelligence, its use in the insurance sector, and its impact on consumer protection and privacy, marketplace dynamics and the state-based insurance regulatory framework. Additional guidance or developments, including with respect to privacy, may also be forthcoming.
In its own words, from its 10-K, filed Feb 25, 2026.
Athene Holding against its Life Insurance peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -62% against the peers' median +8%. Operating margin: -56.7% against the peers' median 11.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| ATH-PA Athene Holding | Q3 2026 | $3.1B | -62% | -56.7% |
| MET Metlife | Q3 2026 | $20.5B | +18% | 8.9% |
| PRU Prudential Financial | Q3 2026 | $14.4B | -19% | 11.4% |
| Metropolitan Life Insurance | Q2 2026 | $9.6B | +2% | 6.0% |
| RGA Reinsurance Group of America | Q3 2026 | $7.5B | +22% | 8.3% |
| CRBG Corebridge Financial | Q3 2026 | $6.2B | +14% | 37.7% |
| LNC Lincoln National | Q3 2026 | $5.5B | +20% | 31.7% |
| Lincoln National Life Insurance | Q2 2026 | $4.3B | +8% | 25.2% |
| VOYA Voya Financial | Q3 2026 | $2.0B | -5% | 14.2% |
Source: Athene Holding 10-Q on SEC EDGAR · CIK 1527469 · Life Insurance
More on ATH-PA
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results