AI English summary of an SEC filing — figures as filed
Apollo Global Management APOApollo Global Management said it estimates alternative net investment income for the fourth quarter ended December 31, 2024 at approximately $265 million (pre-tax), which equates to an estimated 9% annualized return on alternative net investments.
Key points
AI summaryApollo Global Management said it estimates alternative net investment income for the fourth quarter ended December 31, 2024 at approximately $265 million (pre-tax), which equates to an estimated 9% annualized return on alternative net investments.
The company estimates that the annualized return on Athene's investment in a pooled investment vehicle, through which it holds the large majority of its alternative investments portfolio, equates to approximately 11% for the fourth quarter, and the annualized return on Athene's investments in other alternative investments including Athene's investments in retirement services platforms equates to approximately 5%.
Apollo Global Management said alternative investment income attributable to non-controlling interests is excluded from these figures, and alternative net investment income is a component of Spread Related Earnings used to assess the performance of the Company's Retirement Services segment.
The company said these figures are preliminary estimates prior to completion of financial closing procedures and have not been audited or reviewed by its independent registered public accounting firm, so actual results may differ materially, and it said the fourth quarter earnings release and financial supplement are scheduled for release on February 4, 2025.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Q4 2024 Alternative Net Investment Income Estimates
Apollo Global Management said it estimates alternative net investment income for the fourth quarter ended December 31, 2024 at approximately $265 million (pre-tax), which equates to an estimated 9% annualized return on alternative net investments.
Source · Based on the filing body and exhibits
Athene Investment Segment Annualized Return Estimates
The company estimates that the annualized return on Athene's investment in a pooled investment vehicle, through which it holds the large majority of its alternative investments portfolio, equates to approximately 11% for the fourth quarter, and the annualized return on Athene's investments in other alternative investments including Athene's investments in retirement services platforms equates to approximately 5%.
Source · Based on the filing body and exhibits
Scope of Estimates and Relationship to Spread Related Earnings
Apollo Global Management said alternative investment income attributable to non-controlling interests is excluded from these figures, and alternative net investment income is a component of Spread Related Earnings used to assess the performance of the Company's Retirement Services segment.
Source · Based on the filing body and exhibits
Limitations of Preliminary Estimates and Scheduled Earnings Release Date
The company said these figures are preliminary estimates prior to completion of financial closing procedures and have not been audited or reviewed by its independent registered public accounting firm, so actual results may differ materially, and it said the fourth quarter earnings release and financial supplement are scheduled for release on February 4, 2025.
Source · Based on the filing body and exhibits
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.
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