Apollo Global Management Inc (N:APO)
Business Focus: Investment Management & Fund Operators
| Sector: Financials | Industry: Investment Management & Fund Operators |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 9 West 57Th Street, 42Nd Floor NEW YORK NY 10019 |
| Tel: | N/A |
| Website: | https://www.apollo.com |
| IR: | See website |
| Key People | ||
| Martin B. Kelly Chief Financial Officer | James Richard Belardi Chief Executive Officer of AHL and Director | Scott M. Kleinman Co-President of AAM, Director |
| James C. Zelter Co-President of AAM, Director | Whitney Chatterjee Chief Legal Officer | |
| Business Overview |
| Apollo Global Management, Inc. is a global alternative asset manager and a retirement services provider. It operates in three segments: Asset Management, Retirement Services and Principal Investing. The Asset Management segment focuses on three investing strategies: yield, hybrid, and equity. These strategies reflect the range of investment capabilities across its platform based on relative risk and return. The Retirement Services business is conducted by Athene Holding Ltd (Athene), a financial services company that specializes in issuing, reinsuring, and acquiring retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. Athene product lines include annuities and funding agreements. The Principal Investing segment includes realized performance fee income, realized investment income from its balance sheet investments, and certain allocable expenses related to corporate functions supporting the entire company. |
| Financial Overview |
| For the three months ended 31 March 2024, Apollo Global Management Inc revenues increased 34% to $6.48B. Net income applicable to common stockholders increased 39% to $1.36B. Revenues reflect Other gains (losses) increase from -$264M to $920M, Investment revenue increase of 37% to $3.59B, Premiums increase of 5% to $101M. Net income benefited from Fin Inc/Exp frm reinsur ContrHeld-IFRS17 increase from $346M (expense) to $154M (income). |
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