Apollo Global Management issued a preliminary update for the third quarter of 2026 focusing on alternative net investment income (ANI). This metric is a core component of Spread Related Earnings used to evaluate the performance of the company's Retirement Services segment and its subsidiary, Athene.
Key Highlights
- Estimated pre-tax alternative net investment income of approximately $375 million for the quarter.
- Alternative net investments delivered an estimated 10% annualized return.
- Returns for Athene’s primary pooled investment vehicle reached 9%, while auxiliary retirement services platforms yielded 11%.