Apollo estimates Q1 2026 alternative net investment income at $205 million pre-tax
Apollo and its subsidiary Athene preliminarily estimated first-quarter 2026 alternative net investment income at about $205 million pre-tax, a 6% annualized return on alternative investments. The company said lower equity returns and a lower contribution from origination platforms, including ATLAS SP Partners, weighed on the quarter, while the company's main pooled vehicle still returned an estimated 7%. These figures are unaudited and may change before the full first-quarter results on May 6, 2026.
Key points
- Estimated alternative net investment income: about $205 million pre-tax for the quarter ended March 31, 2026, a 6% annualized return.
- Pooled investment vehicle held by Athene: estimated 7% annualized return, reflecting lower contribution from origination platforms including ATLAS SP Partners.
- Athene's retirement services platform investments: estimated 3% annualized return, including its investment in Athora Holding Ltd.
- Full first-quarter earnings release and financial supplement scheduled for May 6, 2026; figures remain preliminary and unaudited.
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 April 01, 2026.
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