The company said Asset Management revenues were $1,035 million in Q1 2024, down $1 million from $1,036 million in Q1 2023, mainly due to a decline in investment income of $50 million.

10-QQuarterly reportFiled May 7, 2024Period of report Mar 31, 2024Summary published (UTC) Oct 24, 2026

Key points

AI summary

The company said Asset Management revenues were $1,035 million in Q1 2024, down $1 million from $1,036 million in Q1 2023, mainly due to a decline in investment income of $50 million.
Apollo said Retirement Services revenues were $6.0 billion in Q1 2024, up $1.7 billion from $4.3 billion in Q1 2023, and net investment income rose $1.0 billion to $3.6 billion.
The company said FRE was $462 million in Q1 2024, up $65 million from $397 million in Q1 2023, and cited higher management fees and fee-related performance fees as the main factors.
As of March 31, 2024, the company said it held unrestricted cash and cash equivalents of $17.7 billion and $4.9 billion of available capacity under the AMH credit facility, AHL credit facility and AHL liquidity facility.

Key figures

Quarter ended March 31, 2024

Revenue: $7.0B
Net income: $1.4B
EPS: $2.28
Operating cash flow: $70M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Asset Management revenue down $1,035 million, investment income lower

The company said Asset Management revenues were $1,035 million in Q1 2024, down $1 million from $1,036 million in Q1 2023, mainly due to a decline in investment income of $50 million.

Source · Based on the MD&A text of the filing

Retirement Services revenue $6.0 billion

Apollo said Retirement Services revenues were $6.0 billion in Q1 2024, up $1.7 billion from $4.3 billion in Q1 2023, and net investment income rose $1.0 billion to $3.6 billion.

Source · Based on the MD&A text of the filing

FRE $462 million

The company said FRE was $462 million in Q1 2024, up $65 million from $397 million in Q1 2023, and cited higher management fees and fee-related performance fees as the main factors.

Source · Based on the MD&A text of the filing

Liquidity: cash $17.7 billion

As of March 31, 2024, the company said it held unrestricted cash and cash equivalents of $17.7 billion and $4.9 billion of available capacity under the AMH credit facility, AHL credit facility and AHL liquidity facility.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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