Core Insights - Apollo Global Management, Inc. (APO) and its subsidiary Athene Holding Ltd. reported preliminary estimates of alternative net investment income for Q4 2025, which is a key metric for assessing the performance of the Retirement Services segment [1][7] Group 1: Preliminary Net Investment Income - The estimated alternative net investment income for Q4 2025 is approximately $325 million (pre-tax), indicating a 10% annualized return on alternative net investments [2][7] - Athene's pooled investment vehicle, which holds the majority of alternative assets, is projected to deliver a 10% annualized return for Q4 2025, while other alternative investments are expected to yield nearly 7% [3][7] Group 2: Growth Expectations - The alternative investment income for Q4 2025 is expected to surpass the $269 million reported in Q4 2024, with steady growth anticipated due to global economic expansion, technological advancements, and rising demand for capital raising [4][7] Group 3: Stock Performance - APO's shares have increased by 20% over the past three months, significantly outperforming the industry average growth of 3.5% [5][7]

Core Insights - Athene has introduced new features on its flagship annuity products to enhance user experience and simplify the investment process [1][2][3] Product Enhancements - The Athene AccumulatorSM Fixed Indexed Annuity now includes Preset Allocations, making diversification strategies easier to implement [2] - The Athene ProtectorSM Fixed Indexed Annuity features a streamlined index lineup and new interest crediting strategies, focusing on protection features [2] Company Mission and Leadership - Athene aims to simplify annuity products for both consumers and financial professionals, enhancing the overall experience [3] - The company has made strides in digital transactions, completing paperless replacements that significantly reduce processing time from 2-4 weeks to 48-72 hours [4] Company Overview - Athene is a leading retirement services company with over $360 billion in total assets as of December 31, 2024, operating in the U.S., Bermuda, Canada, and Japan [4]