At a glance
- The loss was attributed to unrealized losses.
- The two reported figures amount to a $2.38 billion swing from net income to net loss available to common stockholders.
- For general-account investors comparing life insurers' third-quarter results, the $2.38 billion swing shows how far the earnings line can move on mark movements.
Athene Holding reported a $1.16 billion net loss available to common stockholders for the third quarter, compared with $1.22 billion of net income a year earlier, AM Best said on Nov. 12.
The loss was attributed to unrealized losses. The dollar amount of those losses was not disclosed.
The two reported figures amount to a $2.38 billion swing from net income to net loss available to common stockholders.
For general-account investors comparing life insurers' third-quarter results, the $2.38 billion swing shows how far the earnings line can move on mark movements.
The due-diligence question is how much of each carrier's quarter came from unrealized positions rather than operating earnings.
Reported by the Insurer portfolios desk from AM Best News. Published . Corrections