Summary
Apollo Global Management, Inc. (APO) has issued a Current Report (8-K) on January 2, 2026, providing preliminary estimates for its alternative net investment income for the fourth quarter of 2025. The company anticipates approximately $325 million in pre-tax alternative net investment income, representing an estimated annualized return of 10% on its alternative net investments. This disclosure is being made prior to the official earnings release scheduled for February 9, 2026, and offers investors an early look at a key performance metric. Specifically, within its subsidiary Athene Holding Ltd., the estimated annualized return on Athene's pooled investment vehicle for alternative investments was approximately 10% for the quarter, while other alternative investments, including retirement services platforms, yielded an estimated 7%. Investors should note that these are preliminary figures, subject to potential material adjustments following the completion of financial closing procedures and independent audit. These estimates are not a substitute for audited financial statements and should not be interpreted as indicative of future performance.
Key Highlights
- 1Apollo Global Management (APO) released preliminary Q4 2025 alternative net investment income estimates on January 2, 2026.
- 2Estimated Q4 2025 alternative net investment income is approximately $325 million (pre-tax).
- 3This translates to an estimated 10% annualized return on alternative net investments for Q4 2025.
- 4Athene's pooled investment vehicle for alternative investments is estimated to have an annualized return of 10% for Q4 2025.
- 5Athene's other alternative investments, including retirement services platforms, are estimated to have an annualized return of 7% for Q4 2025.
- 6These figures exclude alternative investment income attributable to non-controlling interests.
- 7Official earnings release with audited financials is scheduled for February 9, 2026.