8-KEarnings & ResultsRegulation FD

Apollo Global Management, Inc. 8-K Report, Financial Results (Jan 2, 2025)

Filed January 2, 2025For Securities:APOAPOSAPO-PA

Summary

Apollo Global Management, Inc. (APO) has filed a Current Report (8-K) on January 2, 2025, to provide a preliminary estimate of its alternative net investment income for the fourth quarter of 2024. The company anticipates alternative net investment income to be approximately $265 million (pre-tax), reflecting an estimated annualized return of 9% on alternative net investments. This disclosure, made prior to the official earnings release scheduled for February 4, 2025, offers an early look at performance drivers, particularly within its subsidiary Athene Holding Ltd. Investors should note that these are preliminary figures, and actual results may differ materially once the full financial statements are prepared and audited. The report highlights strong performance within Athene's pooled investment vehicle, with an estimated annualized return of 11% on its alternative investments. While this preliminary data provides valuable insight, it is not a substitute for the comprehensive financial results expected next month, and caution is advised in its interpretation.

Key Highlights

  • 1Apollo Global Management (APO) released preliminary Q4 2024 alternative net investment income of approximately $265 million (pre-tax).
  • 2This preliminary figure represents an estimated annualized return of 9% on alternative net investments for the quarter.
  • 3Athene Holding Ltd., a subsidiary of Apollo, contributed significantly, with an estimated annualized return of 11% on its alternative investments held through a pooled investment vehicle.
  • 4Athene's other alternative investments, including retirement services platforms, showed an estimated annualized return of 5% for Q4 2024.
  • 5These figures are pre-tax and exclude income attributable to non-controlling interests.
  • 6The disclosure is made prior to the official Q4 2024 earnings release and financial supplement, scheduled for February 4, 2025.
  • 7The company explicitly warns that these are preliminary estimates and actual results may differ materially, urging investors to exercise caution.

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