Apollo estimates Q4 2025 alternative net investment income at $325 million pre-tax
Apollo and its subsidiary Athene preliminarily estimated fourth-quarter 2025 alternative net investment income at approximately $325 million pre-tax, an estimated 10% annualized return on alternative net investments. The figures are unaudited and not yet closed, and the full earnings release is scheduled for February 9, 2026, so final results may differ materially.
Key points
- Estimated alternative net investment income of approximately $325 million pre-tax for the quarter ended December 31, 2025
- Estimated 10% annualized return on Athene's pooled investment vehicle, which holds the large majority of its alternative investments
- Estimated 7% annualized return on other alternative investments, including retirement services platforms
- Full fourth-quarter earnings release and financial supplement scheduled for February 9, 2026
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 02, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.