The company estimated that alternative net investment income for the quarter ended June 30, 2025 was about $305 million before tax, equal to an annualized return on alternative net investments of about 10%.

1. 01

   The company estimated that alternative net investment income for the quarter ended June 30, 2025 was about $305 million before tax, equal to an annualized return on alternative net investments of about 10%.

2. 02

   The company said it estimates the annualized return on Athene's investment in the pooled investment vehicle that holds most of Athene's alternative investments portfolio at 10% for Q2. It also estimated the annualized return on Athene's other alternative investments, including its investments in retirement services platforms, at 8%.

3. 03

   Apollo said alternative investment income attributable to non-controlling interests is excluded from these figures. It also explained that alternative net investment income is a component of Spread Related Earnings, which is used to assess the performance of the Retirement Services segment.

4. 04

   The company said it has not completed its financial closing procedures for the period ended June 30, 2025, and that its independent accounting firm has not performed any procedures on these preliminary estimates, so actual results may differ. It said its earnings release and quarterly financial supplement for Q2 are scheduled for release on August 5, 2025.

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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

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