01—Abstract
Summary
Summary of the 8-K filed July 1, 2026. Cited figures are marked; the original filing is the authoritative source.
Apollo Global Management, Inc. (APO) has pre-released preliminary estimates for its alternative net investment income for the second quarter ended June 30, 2026.
The company anticipates alternative net investment income to be approximately $350 milliona on a pre-tax basis, representing an estimated annualized return of 9% on its alternative net investments. This disclosure provides investors with an early look at key performance metrics ahead of the official earnings release scheduled for August 4, 2026. Investors should note that these figures are preliminary and subject to change as final financial closing procedures are completed.
The company explicitly cautions against relying solely on this information, as actual results could differ materially. The preliminary results are not audited and should not be considered indicative of future performance or a substitute for the full financial statements prepared under U.S. GAAP. The disclosure offers insights into the performance of Apollo's Retirement Services segment, specifically highlighting the contribution of Athene.
02—Key points
Key Highlights
- Preliminary alternative net investment income estimated at $350 million (pre-tax) for Q2 2026.
- Estimated annualized return on alternative net investments is 9% for Q2 2026.
- Athene's pooled investment vehicle for alternative investments shows an estimated annualized return of 10% for Q2 2026.
- Athene's other alternative investments, including retirement services platforms, show an estimated annualized return of 6% for Q2 2026.
- Disclosure provides an early look at performance metrics prior to the official August 4, 2026 earnings release.
- Income attributable to non-controlling interests is excluded from these figures.
- These are preliminary estimates and actual results may differ materially.
03—Questions
Frequently Asked Questions
What is the primary purpose of this 8-K filing?
This 8-K filing is to provide investors with preliminary estimates of Apollo Global Management's alternative net investment income and annualized returns for the second quarter ended June 30, 2026, ahead of their official earnings release.
How reliable are these preliminary figures?
These figures are preliminary estimates and have not been audited. The company cautions that actual results may differ materially due to ongoing financial closing procedures and the potential identification of adjustments. Investors should exercise caution and not rely solely on this information.
What is 'alternative net investment income' and why is it important?
Alternative net investment income is a component of Spread Related Earnings, which is used to assess the performance of Apollo's Retirement Services segment. Spread Related Earnings, in turn, is part of Segment Income, a key performance measure management uses for evaluating operating segment performance.
When will the official and audited financial results be available?
The company's official quarterly earnings release and quarterly financial supplement for the second quarter ended June 30, 2026, are scheduled for release on August 4, 2026.
04—Continue