Core Insights - Apollo Global Management's stock increased by 7% following quarterly results that surpassed Wall Street expectations [1] - Fee-related earnings rose by 23% to $652 million, exceeding the forecast of $626.5 million by approximately 4% [1] - Adjusted net income reached $1.35 billion, or $2.17 per share, which is 14% higher than the consensus estimate of $1.90 [1] Capital Inflows and Assets Under Management - The firm experienced capital inflows of $82 billion in the quarter and $219 billion over the past 12 months, marking a 24% year-over-year increase [2] - Total assets under management climbed to $908 billion, approaching the $1 trillion milestone, with $21 billion attributed to the acquisition of Bridge Investment Group [2] Insurance Unit Performance - Apollo's Athene insurance unit reported $871 million in spread-related earnings, the highest in two years, contributing to significant new loans of approximately $75 billion during the quarter [4] - The merger with Athene in 2021 has enhanced Apollo's ability to generate insurance premiums, facilitating growth [4] Stock Performance Context - Despite a 19% decline in stock value this year, the strong quarterly results indicate positive progress for Apollo [5]