Key Takeaways Apollo reported preliminary Q4 alternative net investment income of about $325M pre-tax.Athene Holding's pooled investment vehicle is estimated to deliver a 10% annualized Q4 return.Fourth-quarter 2025 income is expected to exceed $269M in Q4 2024, with steady growth projected ahead.Apollo Global Management, Inc. (APO) and its subsidiary Athene Holding Ltd. reported preliminary estimates of the company’s alternative net investment income for the fourth quarter ended Dec. 31, 2025.The metric is ...