Athene: Q3 GAAP net loss of $1.1 billion; adjusted net income $1.3 billion
Athene's parent, Apollo Global Management, furnished its third quarter 2026 earnings presentation, which reported a GAAP net loss attributable to common stockholders of $1.1 billion, or $1.78 per share, for the quarter ended September 30, 2026. Management attributed the loss mainly to unrealized mark-to-market losses on certain Retirement Services investments from higher interest rates, while adjusted net income of $1.3 billion, or $2.07 per share, was lower than the $2.17 per share reported a year earlier.
Key points
- GAAP net loss attributable to Apollo common stockholders was $1.1 billion, or $1.78 per share, for the third quarter of 2026, compared with net income of $1.7 billion in the third quarter of 2025.
- Adjusted Net Income was $1.3 billion, or $2.07 per share, versus $2.17 per share in the third quarter of 2025.
- Fee Related Earnings rose 23% year over year to $802 million, while Spread Related Earnings fell 3.1% to $844 million.
- Total assets under management reached $1,074 billion, supported by $53 billion of third-quarter inflows.
The filing
Written by AI on Nov 9, 2026, 8:38 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 November 03, 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.