Business Segments · Alternative net investment income

Retirement Services — Alternative net investment income

Apollo Global Management Retirement Services — Alternative net investment income increased by 7.2% to $344.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 27.9%, from $269.00M to $344.00M. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2020
Last reportedQ4 2025

How to read this metric

An increase indicates successful alpha generation from alternative investments, while a decrease may suggest market volatility or underperformance in non-traditional asset classes.

Detailed definition

Represents the net investment income generated from alternative asset classes, such as private equity, real estate, or c...

Peer comparison

Similar to alternative investment income reported by other large alternative asset managers or insurance companies with significant private market allocations.

Metric ID: apo_segment_retirement_services_alternative_net_investment_income

Historical Data

19 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$0.00$0.00$0.00$447.70M$186.30M$249.60M$322.00M$185.00M$259.00M$230.00M$190.00M$266.00M$168.00M$236.00M$269.00M$315.00M$319.00M$321.00M$344.00M
QoQ Change-58.4%+34.0%+29.0%-42.5%+40.0%-11.2%-17.4%+40.0%-36.8%+40.5%+14.0%+17.1%+1.3%+0.6%+7.2%
YoY Change-58.7%+39.0%-7.9%-41.0%+43.8%-35.1%+2.6%+41.6%+18.4%+89.9%+36.0%+27.9%
Range$0.00$447.70M
Avg YoY Growth+13.0%
Median YoY Growth+23.2%
Current Streak6 quarters growth

Frequently Asked Questions

What is Apollo Global Management's retirement services — alternative net investment income?
Apollo Global Management (APO) reported retirement services — alternative net investment income of $344.00M in Q4 2025.
How has Apollo Global Management's retirement services — alternative net investment income changed year-over-year?
Apollo Global Management's retirement services — alternative net investment income increased by 27.9% year-over-year, from $269.00M to $344.00M.
What does retirement services — alternative net investment income mean?
Net income earned from non-traditional, alternative investment assets held within the retirement services segment.