Apollo Global Management, Inc. has released preliminary estimates for its alternative net investment income for the first quarter ending March 31, 2026. The company anticipates that this income will amount to approximately $205 million, reflecting a 6% annualized return on alternative net investments. This figure is significant as it comes ahead of the company's quarterly earnings release scheduled for May 6, 2026. The report indicates that the annualized return on Athene's investment in a pooled investment vehicle, which constitutes the majority of its alternative investments portfolio, is estimated at 7% for the same period. Despite a challenging equity market environment, where the S&P 500 experienced an annualized total return of approximately -17% in Q1 2026, the pooled investment vehicle has continued to deliver differentiated returns for Athene. The report also highlights that Athene's alternative net investment income includes returns from various alternative investments, including those in retirement services platforms, which are estimated to yield around 3% for the quarter. It is important to note that these preliminary financial results are subject to change as the company has not yet completed its financial closing procedures for the period, and actual results may differ materially. Investors are advised to exercise caution in relying on this information, as it should not be viewed as a substitute for full financial statements prepared in accordance with U.S. GAAP.

Press Release distribution

National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.