Apollo Global Management, Inc. 8-K

What Happened

• Apollo Global Management, Inc. (filed 8-K on July 1, 2026; Items 2.02 and 7.01) announced preliminary, unaudited estimates for alternative net investment income for the quarter ended June 30, 2026.
• The company estimates approximately $350 million (pre-tax) of alternative net investment income for Q2 2026, an estimated 9% annualized return on alternative net investments. Apollo reported this ahead of its full quarterly earnings release and financial supplement scheduled for August 4, 2026.

Key Details

• Estimated alternative net investment income: ~$350 million (pre-tax) for Q2 2026.
• Estimated annualized returns: 9% on alternative net investments overall; Athene’s pooled investment vehicle ~10%; Athene’s other alternative investments (including retirement services platforms) ~6% for Q2 2026.
• Figures exclude alternative investment income attributable to non-controlling interests.
• Results are preliminary and unaudited; Apollo’s independent auditors have not reviewed these numbers and final results (subject to closing procedures) may differ materially. Full definitions and reconciliations will appear in the August 4, 2026 earnings materials.

Why It Matters

• These preliminary figures give investors an early view of Apollo’s Retirement Services segment performance (alternative net investment income is a component of Spread Related Earnings and Segment Income).
• The numbers—especially the contribution from Athene’s pooled vehicle—help assess investment yield trends ahead of the official quarterly results.
• Because the results are preliminary and unaudited, investors should treat them cautiously and wait for the complete, GAAP‑based financial statements and reconciliations in the company’s August 4 release.