[8-K] Athene Holding Ltd. Reports Material Event
Athene Holding Ltd. provided preliminary, unaudited estimates for alternative net investment income for the third quarter ended September 30, 2025, reporting approximately $325 million pre-tax, which the company says equates to an estimated 10% annualized return on its alternative net investments. The firm disclosed that its pooled investment vehicle, holding the majority of alternative investments, returned an estimated 10% annualized for the quarter, while other alternative investments, including retirement services platforms, returned an estimated 8% annualized. Management cautioned these are preliminary figures subject to completion of closing procedures and audit and may change materially. Apollo will host a public webcast on November 4, 2025 to review Apollo's third-quarter results, with a replay available on its Investor Relations site.
Athene Holding Ltd. ha fornito stime preliminari non verificate per i redditi netti da investimenti alternativi relativi al terzo trimestre chiuso il 30 settembre 2025, riportando circa 325 milioni di dollari prima delle imposte, che l'azienda afferma corrispondere a un rendimento annuo stimato del 10% sui propri investimenti netti alternativi. La società ha comunicato che il suo veicolo di investimento aggregato, che detiene la maggior parte degli investimenti alternativi, ha registrato nel trimestre un rendimento annuo stimato del 10%, mentre altri investimenti alternativi, inclusi piattaforme di servizi pensionistici, hanno reso un 8% annuo stimato. La direzione ha avvertito che si tratta di cifre preliminari soggette al completamento delle procedure di chiusura e all'audit e potrebbero subire cambiamenti sostanziali. Apollo terrà una webcast pubblica il 4 novembre 2025 per esaminare i risultati del terzo trimestre di Apollo, con una riproduzione disponibile sul sito Investor Relations.
Athene Holding Ltd. proporcionó estimaciones preliminares no auditadas de los ingresos netos por inversiones alternativas para el tercer trimestre finalizado el 30 de septiembre de 2025, reportando aproximadamente 325 millones de dólares antes de impuestos, que la empresa afirma equivalen a un rendimiento anualizado estimado del 10% sobre sus inversiones netas alternativas. La firma reveló que su vehículo de inversión agrupado, que alberga la mayor parte de las inversiones alternativas, obtuvo un rendimiento anualizado estimado del 10% para el trimestre, mientras que otras inversiones alternativas, incluidas plataformas de servicios de jubilación, registraron un rendimiento anualizado estimado del 8%. La dirección advirtió que estas cifras son preliminares y están sujetas al cierre y la auditoría, y pueden cambiar de manera significativa. Apollo realizará una retransmisión web pública el 4 de noviembre de 2025 para revisar los resultados del tercer trimestre de Apollo, con una reproducción disponible en su sitio de Relaciones con Inversores.
Athene Holding Ltd.은 2025년 9월 30일로 종료된 3분기에 대한 대체 순투자 소득의 예비 비감사 추정치를 제공했으며, 약 세전 3억2500만 달러를 보고했습니다. 회사는 이것이 대체 순투자에 대한 추정 연환산 수익률 10%에 해당한다고 말합니다. 대다수의 대체 투자를 보유한 pooled 투자 차량은 분기에 대해 추정 연환산 수익률 10%를 기록했고, 은퇴 서비스 플랫폼을 포함한 다른 대체 투자들은 8%의 연환산 수익을 보였습니다. 경영진은 이 수치가 마감 절차와 감사의 완료에 따라 달라질 수 있는 예비 수치이며, 실질적으로 변경될 수 있음을 경고했습니다. Apollo는 2025년 11월 4일 제3분기 실적을 검토하기 위한 공개 웹캐스트를 주최할 예정이며, 리플레이는 투자자 관계 사이트에서 이용 가능할 것입니다.
Athene Holding Ltd. a fourni des estimations préliminaires non auditées des revenus nets d'investissement alternatifs pour le troisième trimestre clos le 30 septembre 2025, affichant environ 325 millions de dollars avant impôt, que l'entreprise affirme correspondre à un rendement annualisé estimé de 10% sur ses investissements nets alternatifs. La société a indiqué que son véhicule d'investissement poolé, qui détient la majorité des investissements alternatifs, a enregistré un rendement annualisé estimé de 10% pour le trimestre, tandis que d'autres investissements alternatifs, y compris des plateformes de services de retraite, ont enregistré un rendement annualisé estimé de 8%. La direction a averti qu'il s'agit de chiffres préliminaires soumis à la clôture et à l'audit et pouvant changer de manière significative. Apollo organisera une webdiffusion publique le 4 novembre 2025 pour examiner les résultats du troisième trimestre d'Apollo, avec une rediffusion disponible sur son site Relations investisseurs.
Athene Holding Ltd. hat vorläufige, ungeprüfte Schätzungen für alternatives Nettoeinkommen aus Investitionen für das dritte Quartal, das am 30. September 2025 endete, vorgelegt und meldete etwa 325 Millionen US-Dollar vor Steuern, was das Unternehmen als geschätzte annualisierte Rendite von 10% auf seine alternativen Netzinvestitionen bezeichnet. Das Unternehmen gab bekannt, dass sein überwiegend die alternativen Investitionen haltendes Pool-Investmentfahrzeug für das Quartal eine geschätzte annualisierte Rendite von 10% erzielte, während andere alternative Investitionen, einschließlich Plattformen für Rentendienstleistungen, eine geschätzte annualisierte Rendite von 8% verzeichneten. Das Management warnte, dass dies vorläufige Zahlen sind, die der Abschlussprüfung und Prüfung unterliegen und sich signifikant ändern können. Apollo wird am 4. November 2025 einen öffentlichen Webcast abhalten, um die Ergebnisse des dritten Quartals zu überprüfen; eine Aufzeichnung wird auf seiner Investor-Relations-Website verfügbar sein.
Athene Holding Ltd. قدمت تقديرات أولية غير مدققة للدخل الصافي من الاستثمارات البديلة للربع الثالث المنتهي في 30 سبتمبر 2025، مع تسجيل نحو 325 مليون دولار قبل الضرائب، والتي قالت الشركة إنها تعادل عائدًا سنويًا مقدرًا بنسبة 10% على استثماراتها البديلة الصافية. كشفت الشركة أن مركبة الاستثمار المشتركة، التي تستوعب غالبية الاستثمارات البديلة، حققت عائدًا سنويًا مقدرًا بنسبة 10% للربع، بينما حققت استثمارات بديلة أخرى، بما في ذلك منصات الخدمات التقاعدية، عائدًا سنويًا مقدرًا بنسبة 8%. حذرت الإدارة من أن هذه الأرقام أولية وتخضع لإجراءات الإغلاق والتدقيق وقد تتغير بشكل جوهري. ستستضيف Apollo بثًا ويبًا عامًا في 4 نوفمبر 2025 لمراجعة نتائج الربع الثالث لـ Apollo، مع وجود إعادة بث متاحة على موقع العلاقات مع المستثمرين.
Athene Holding Ltd. 提供了第三季度至2025年9月30日的替代净投资收益的初步未经审计的估算，报告约 3.25亿美元税前收益，公司表示这相当于对其替代净投资的 10% 年化回报。该公司披露，其持有大部分替代投资的 pooled 投资工具在本季度实现了 10% 的年化回报，而其他替代投资（包括退休服务平台）的年化回报估计为 8%。管理层提醒，这些数字为初步数据，需完成结算程序和审计后方可定稿，可能会发生重大变动。Apollo 将于 2025 年 11 月 4 日举行公开网络直播，以回顾 Apollo 第三季度业绩，相关回放将可在其投资者关系网站上查看。
- Preliminary alternative net investment income of $325 million (pre-tax) indicates strong asset-level returns for the quarter
- Estimated 10% annualized return on alternative net investments suggests high-yield performance in the alternatives portfolio
- Pooled investment vehicle delivering ~10% annualized shows concentrated strength in the primary alternatives sleeve
- Public webcast scheduled provides transparency and access to management commentary on the results
- Preliminary and unaudited figures may change materially during financial closing and audit
- Excludes alternative investment income attributable to non-controlling interests, reducing comparability to consolidated metrics
- Results reported prior to full GAAP financial statements; reconciliations and after-tax impacts are not yet provided
- Company cautions against using these figures as a substitute for full financial statements, limiting reliability for decision-making
Insights
TL;DR: Preliminary Q3 alternative net investment income of $325M (~10% annualized) signals strong asset-level returns but remains unaudited.
The reported $325 million pre-tax and ~10% annualized return on alternative net investments indicate robust performance from the company’s alternative portfolio this quarter, driven primarily by the pooled investment vehicle which also posted ~10%. For investors, the magnitude of alternative returns is meaningful because alternative net investment income feeds Spread Related Earnings, a core pre-tax, non-GAAP performance measure for the company. However, these figures are preliminary and unaudited; final GAAP reconciliations and the full quarterly supplement will be needed to quantify after-tax impacts, non-controlling interests, and any adjustments arising from closing procedures.
TL;DR: Positive preliminary returns are offset by notable execution and reporting risk due to unaudited status and possible material adjustments.
While estimated returns of 10% (pooled vehicle) and 8% (other alternatives) are attractive, the company explicitly warns these numbers are preliminary, unaudited, and exclude alternative investment income attributable to non-controlling interests. The potential for material adjustments during financial close, and absence of independent assurance at this stage, elevates short-term reporting risk. Investors should treat these as indicative signals rather than finalized results.
Athene Holding Ltd. ha fornito stime preliminari non verificate per i redditi netti da investimenti alternativi relativi al terzo trimestre chiuso il 30 settembre 2025, riportando circa 325 milioni di dollari prima delle imposte, che l'azienda afferma corrispondere a un rendimento annuo stimato del 10% sui propri investimenti netti alternativi. La società ha comunicato che il suo veicolo di investimento aggregato, che detiene la maggior parte degli investimenti alternativi, ha registrato nel trimestre un rendimento annuo stimato del 10%, mentre altri investimenti alternativi, inclusi piattaforme di servizi pensionistici, hanno reso un 8% annuo stimato. La direzione ha avvertito che si tratta di cifre preliminari soggette al completamento delle procedure di chiusura e all'audit e potrebbero subire cambiamenti sostanziali. Apollo terrà una webcast pubblica il 4 novembre 2025 per esaminare i risultati del terzo trimestre di Apollo, con una riproduzione disponibile sul sito Investor Relations.
Athene Holding Ltd. proporcionó estimaciones preliminares no auditadas de los ingresos netos por inversiones alternativas para el tercer trimestre finalizado el 30 de septiembre de 2025, reportando aproximadamente 325 millones de dólares antes de impuestos, que la empresa afirma equivalen a un rendimiento anualizado estimado del 10% sobre sus inversiones netas alternativas. La firma reveló que su vehículo de inversión agrupado, que alberga la mayor parte de las inversiones alternativas, obtuvo un rendimiento anualizado estimado del 10% para el trimestre, mientras que otras inversiones alternativas, incluidas plataformas de servicios de jubilación, registraron un rendimiento anualizado estimado del 8%. La dirección advirtió que estas cifras son preliminares y están sujetas al cierre y la auditoría, y pueden cambiar de manera significativa. Apollo realizará una retransmisión web pública el 4 de noviembre de 2025 para revisar los resultados del tercer trimestre de Apollo, con una reproducción disponible en su sitio de Relaciones con Inversores.
Athene Holding Ltd.은 2025년 9월 30일로 종료된 3분기에 대한 대체 순투자 소득의 예비 비감사 추정치를 제공했으며, 약 세전 3억2500만 달러를 보고했습니다. 회사는 이것이 대체 순투자에 대한 추정 연환산 수익률 10%에 해당한다고 말합니다. 대다수의 대체 투자를 보유한 pooled 투자 차량은 분기에 대해 추정 연환산 수익률 10%를 기록했고, 은퇴 서비스 플랫폼을 포함한 다른 대체 투자들은 8%의 연환산 수익을 보였습니다. 경영진은 이 수치가 마감 절차와 감사의 완료에 따라 달라질 수 있는 예비 수치이며, 실질적으로 변경될 수 있음을 경고했습니다. Apollo는 2025년 11월 4일 제3분기 실적을 검토하기 위한 공개 웹캐스트를 주최할 예정이며, 리플레이는 투자자 관계 사이트에서 이용 가능할 것입니다.
Athene Holding Ltd. a fourni des estimations préliminaires non auditées des revenus nets d'investissement alternatifs pour le troisième trimestre clos le 30 septembre 2025, affichant environ 325 millions de dollars avant impôt, que l'entreprise affirme correspondre à un rendement annualisé estimé de 10% sur ses investissements nets alternatifs. La société a indiqué que son véhicule d'investissement poolé, qui détient la majorité des investissements alternatifs, a enregistré un rendement annualisé estimé de 10% pour le trimestre, tandis que d'autres investissements alternatifs, y compris des plateformes de services de retraite, ont enregistré un rendement annualisé estimé de 8%. La direction a averti qu'il s'agit de chiffres préliminaires soumis à la clôture et à l'audit et pouvant changer de manière significative. Apollo organisera une webdiffusion publique le 4 novembre 2025 pour examiner les résultats du troisième trimestre d'Apollo, avec une rediffusion disponible sur son site Relations investisseurs.
Athene Holding Ltd. hat vorläufige, ungeprüfte Schätzungen für alternatives Nettoeinkommen aus Investitionen für das dritte Quartal, das am 30. September 2025 endete, vorgelegt und meldete etwa 325 Millionen US-Dollar vor Steuern, was das Unternehmen als geschätzte annualisierte Rendite von 10% auf seine alternativen Netzinvestitionen bezeichnet. Das Unternehmen gab bekannt, dass sein überwiegend die alternativen Investitionen haltendes Pool-Investmentfahrzeug für das Quartal eine geschätzte annualisierte Rendite von 10% erzielte, während andere alternative Investitionen, einschließlich Plattformen für Rentendienstleistungen, eine geschätzte annualisierte Rendite von 8% verzeichneten. Das Management warnte, dass dies vorläufige Zahlen sind, die der Abschlussprüfung und Prüfung unterliegen und sich signifikant ändern können. Apollo wird am 4. November 2025 einen öffentlichen Webcast abhalten, um die Ergebnisse des dritten Quartals zu überprüfen; eine Aufzeichnung wird auf seiner Investor-Relations-Website verfügbar sein.
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| ATHENE HOLDING LTD. | ||||||||
| Date: | October 2, 2025 | /s/ Louis-Jacques Tanguy | ||||||
| Louis-Jacques Tanguy | ||||||||
| Executive Vice President and Chief Financial Officer | ||||||||
FAQ
What did Athene (ATH) report for alternative net investment income in Q3 2025?
What annualized returns did Athene report for its alternative investments in Q3 2025?
Are these Q3 2025 figures audited and final?
Will Athene provide more detailed disclosures and reconciliations?
Where can investors listen to management discuss these results?
