Apollo Global Management estimates third-quarter alternative net investment income at $375 million
Apollo Global Management reported preliminary third-quarter alternative net investment income of $375 million, pointing to a 10% annualized return.
Apollo Global Management, Inc. (APO) reported preliminary estimates for alternative net investment income for the third quarter ended Sept. 30, 2026, according to a regulatory filing on Monday.
The full earnings release and financial supplement for the third quarter are scheduled for release on Nov. 3, 2026.
The company estimated that alternative net investment income will reach approximately $375 million on a pre-tax basis for the third quarter.
That figure equates to an estimated 10% annualized return on alternative net investments, the filing showed.
Within those alternative net investments, the annualized return on Athene Holding Ltd.'s investment in a pooled investment vehicle equates to an estimated 9% for the third quarter.
Athene is a subsidiary of Apollo.
The annualized return on Athene's investments in other alternative investments, including investments in retirement services platforms, equates to an estimated 11% for the third quarter.
Alternative net investment income is a component of Spread Related Earnings used to assess the performance of the company's Retirement Services segment.