APO: Financial results · Company disclosure

Item 2.02 Results of Operations and Financial Condition. The information contained in Item 7.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.02. Item 7.01 Regulation FD Disclosure. Apollo Global Management, Inc. (the “Company”, “Apollo”, “we”, and “our”) and Athene Holding Ltd. (“Athene”), a subsidiary of Apollo, are reporting preliminary estimates for the Company’s alternative net investment income for the second quarter ended June 30, 2026. This information is being reported prior to the availability of the Company’s quarterly earnings release and quarterly financial supplement for the second quarter, scheduled for release on August 4, 2026. The Company estimates that alternative net investment income will be approximately $350 million (pre-tax) for the second quarter ended June 30, 2026, which equates to an estimated 9% annualized return on alternative net investments. Within these alternative net investments, the Company estimates that the annualized return on Athene’s investment in a pooled investment vehicle, through which it holds the large majority of its alternative investments portfolio, equates to an estimated 10% for the second quarter ended June 30, 2026 and the annualized return on Athene’s investments in other alternative investments including Athene’s investments in retirement services platforms equates to an estimated 6% for the second quarter ended June 30, 2026. Excluded from these figures is alternative investment income attributable to non-controlling interests. Alternative net investment income is a component of Spread Related Earnings used to assess the performance of the Company’s Retirement Services segment. Spread Related Earnings is a component of Segment Income which is the key performance measure us