Apollo Global Management, Inc. Q2 FY26 Results

Summary

Apollo Global Management, Inc. and its subsidiary Athene Holding Ltd. are reporting preliminary estimates for the Company's alternative net investment income for the second quarter ended June 30, 2026. The Company estimates this income to be approximately $350 million (pre-tax), representing an estimated 9% annualized return on alternative net investments. Athene's specific investment pools showed varied annualized returns, with a pooled investment vehicle yielding an estimated 10% and other alternative investments yielding an estimated 6% for the quarter. These preliminary results are subject to completion of financial closing procedures and may differ materially from actual results.

Key Highlights

1. 1

   Apollo Global Management estimates preliminary alternative net investment income of approximately $350 million (pre-tax) for the second quarter ended June 30, 2026.

2. 2

   This preliminary figure equates to an estimated 9% annualized return on alternative net investments for Q2 2026.

3. 3

   Within its alternative net investments, Athene's investment in a pooled investment vehicle is estimated to have an annualized return of 10% for Q2 2026.

4. 4

   Athene's investments in other alternative investments, including retirement services platforms, are estimated to have an annualized return of 6% for Q2 2026.

5. 5

   Alternative net investment income is a component of Spread Related Earnings, which is used to assess the performance of the Company's Retirement Services segment.