Summary
Apollo Global Management, Inc. (APO) has filed a Current Report (8-K) on October 2, 2025, providing preliminary estimates for its alternative net investment income for the third quarter ended September 30, 2025. The company anticipates alternative net investment income to be approximately $325 million pre-tax, which translates to an estimated annualized return of 10% on its alternative net investments. This disclosure is made prior to the official release of its quarterly earnings and financial supplement on November 4, 2025. Investors should note that these figures are preliminary and have not been audited or reviewed by an independent auditor. Apollo management has cautioned that actual results could differ materially due to various factors identified during the financial closing process. The report emphasizes that this preliminary data should not be considered a substitute for full U.S. GAAP financial statements or indicative of future performance, and investors should exercise caution when relying on this information.
Key Highlights
- 1Preliminary Q3 2025 alternative net investment income estimated at $325 million (pre-tax).
- 2Estimated annualized return on alternative net investments for Q3 2025 is approximately 10%.
- 3Athene's investment in pooled vehicles (majority of alternatives) shows an estimated 10% annualized return.
- 4Athene's other alternative investments, including retirement services platforms, show an estimated 8% annualized return.
- 5This information is a preliminary disclosure and not subject to auditor review.
- 6Official quarterly earnings release and financial supplement are scheduled for November 4, 2025.
- 7Management cautions that actual results may differ materially from these preliminary estimates.