$APO · Apollo Global Management, Inc.

Apollo Global Management filed an 8-K disclosing preliminary Q3 2026 alternative net investment income of approximately $375 million pre-tax, representing an estimated 10% annualized return on alternative net investments. The filing breaks out Athene's pooled investment vehicle at an estimated 9% annualized return and other alternative investments (including retirement services platforms) at an estimated 11%. These are preliminary, unaudited figures ahead of the full Q3 earnings release scheduled for November 3, 2026.

Extended-hours trading shows APO at $115.35, essentially flat (+0.02%) versus the filing-time price. The preliminary figures are consistent with Apollo's typical quarterly cadence of pre-releasing Athene alt-investment estimates ahead of full earnings, so no surprise-driven move.

This early read on Athene's alternative investment performance offers a partial preview of Apollo's key Retirement Services segment ahead of full earnings, though the unaudited figures carry explicit

Apollo's pre-release of Athene-driven alternative investment income is a standard practice ahead of full quarterly results. The 10% annualized return provides an early read on the Retirement Services segment's Spread Related Earnings, a key performance metric for the alternative asset management and

Results are preliminary and unaudited; actual Q3 figures may differ materially once financial closing procedures are complete. The company explicitly warns investors not to draw inferences from this limited data point.