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Business Segments · Alternative net investment income

Retirement Services — Alternative net investment income

Apollo Global Management Retirement Services — Alternative net investment income decreased by 39.0% to $210M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 33.3%, from $315M to $210M. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2020
Last reportedQ1 2026May 7, 2026

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

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$0$0$0$448M$186M$250M$322M$185M$259M$230M$190M$266M$168M$236M$269M$315M$319M$321M$344M$210M
QoQ Change-58.5%+34.4%+28.8%-42.5%+40.0%-11.2%-17.4%+40.0%-36.8%+40.5%+14.0%+17.1%+1.3%+0.6%+7.2%-39.0%
YoY Change-58.7%+39.2%-8.0%-41.0%+43.8%-35.1%+2.6%+41.6%+18.4%+89.9%+36.0%+27.9%-33.3%
Range$0$448M
Avg YoY Growth+9.5%
Median YoY Growth+18.4%

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 $210M in Q1 2026.
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 decreased by 33.3% year-over-year, from $315M to $210M.
What does retirement services — alternative net investment income mean?
Net income earned from non-traditional, alternative investment assets held within the retirement services segment.