STOCK TITAN
  1. Home
  2. Sec-filings
  3. ATH
  4. [8-K] Athene Holding Ltd. Reports Material Event

Athene (ATH) previews 9% Q2 2026 return on alternative investments

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Athene Holding Ltd. is providing preliminary estimates of its second-quarter 2026 alternative net investment income. The company expects about $350 million (pre-tax), which corresponds to an estimated 9% annualized return on alternative net investments for the quarter ended June 30, 2026.

Athene estimates a 10% annualized return on its pooled investment vehicle that holds most of its alternative portfolio and an estimated 6% annualized return on other alternative investments, including retirement services platforms. This income feeds into Athene’s non-GAAP measure, Spread Related Earnings.

The figures are based on management’s preliminary work and have not undergone normal closing procedures or auditor review, so actual results for the period may differ, potentially materially. Full quarterly results are expected with Apollo Global Management’s earnings release and financial supplement scheduled for August 4, 2026.

Positive

  • None.

Negative

  • None.

Insights

Athene flags solid preliminary Q2 returns from alternative investments.

Athene estimates second-quarter 2026 alternative net investment income of about $350 million pre-tax, implying a 9% annualized return on alternative assets. Within this, a pooled investment vehicle is expected to generate a 10% annualized return, while other alternatives, including retirement services platforms, are estimated at 6%.

Alternative net investment income feeds into Athene’s non-GAAP Spread Related Earnings, a key internal performance measure. The company emphasizes that these figures are preliminary, prepared before full closing procedures, and have not been audited or reviewed by its independent accounting firm.

The impact on investors will hinge on how these returns compare with prior quarters and market expectations, which are not detailed here. More complete context is expected when Apollo Global Management releases its second-quarter earnings and Athene’s full results on August 4, 2026.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Alternative net investment income $350 million (pre-tax) Estimated for Q2 2026
Annualized return on alternative net investments 9% Estimated for Q2 2026
Annualized return on pooled investment vehicle 10% Estimated for Q2 2026
Annualized return on other alternative investments 6% Estimated for Q2 2026
Planned earnings release date August 4, 2026 Apollo and Athene Q2 2026 reporting
alternative net investment income financial
"the Company’s alternative net investment income for the second quarter ended June 30, 2026"
non-GAAP financial
"Spread Related Earnings is a pre-tax, non-GAAP measure used to assess the Company’s financial performance."
Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.
Regulation FD Disclosure regulatory
"Item 7.01 Regulation FD Disclosure."
Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.
non-controlling interests financial
"Excluded from these figures is alternative investment income attributable to non-controlling interests."
An ownership stake in a subsidiary held by outside shareholders rather than the parent company, representing the portion of that subsidiary’s assets and profits the parent does not control. For investors, it shows what part of consolidated earnings and equity belongs to others — like a roommate who owns part of a house — which affects how much value and profit per share are truly attributable to the parent company’s shareholders.
Alternative net investment income (pre-tax) $350 million
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Understanding 8-K Material Events →
0001527469false00015274692026-07-012026-07-010001527469us-gaap:SeriesAPreferredStockMember2026-07-012026-07-010001527469us-gaap:SeriesBPreferredStockMember2026-07-012026-07-010001527469us-gaap:SeriesDPreferredStockMember2026-07-012026-07-010001527469us-gaap:SeriesEPreferredStockMember2026-07-012026-07-010001527469us-gaap:JuniorSubordinatedDebtMember2026-07-012026-07-01

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): July 1, 2026
Athene-Logo_rgb.jpg
ATHENE HOLDING LTD.
(Exact name of registrant as specified in its charter)
Delaware001-3796398-0630022
(State or other jurisdiction of(Commission file number)(I.R.S. Employer
incorporation or organization)Identification Number)
7700 Mills Civic Pkwy
West Des Moines, Iowa 50266
1 (515) 342-4678
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolsName of each exchange on which registered
Depositary Shares, each representing a 1/1,000th interest in a 6.35% Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series A
ATHPrANew York Stock Exchange
Depositary Shares, each representing a 1/1,000th interest in a 5.625% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series B
ATHPrBNew York Stock Exchange
Depositary Shares, each representing a 1/1,000th interest in a 4.875% Fixed-Rate Perpetual Non-Cumulative Preferred Stock, Series D
ATHPrDNew York Stock Exchange
Depositary Shares, each representing a 1/1,000th interest in a 7.75% Fixed-Rate Reset Perpetual Non-Cumulative Preferred Stock, Series E
ATHPrENew York Stock Exchange
7.250% Fixed-Rate Reset Junior Subordinated Debentures due 2064ATHSNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


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. (“Apollo”), the parent company of Athene Holding Ltd. (the “Company,” “we,” and “our”), and the Company 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 Apollo’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 its 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 the Company’s investments in other alternative investments including its 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. Spread Related Earnings is a pre-tax, non-GAAP measure used to assess the Company’s financial performance. Refer to the Company’s Form 10-K for the period ended December 31, 2025, filed on February 25, 2026, and the Company’s Form 10-Q for the period ended March 31, 2026, filed on May 7, 2026, which may be accessed at ir.athene.com, for detailed definitions and reconciliations of the Company’s non-GAAP performance measures.

The preliminary financial results presented above are the responsibility of management and have been prepared in good faith on a basis consistent with prior periods. However, we have not completed our financial closing procedures for the period ended June 30, 2026, and our actual results may differ, possibly materially, from these preliminary financial results due to a variety of factors. Additionally, our independent registered public accounting firm has not audited, reviewed, compiled or performed any procedures with respect to these preliminary financial results and does not express an opinion or provide any other form of assurance with respect to these preliminary financial results or their achievability. During the course of the preparation of our consolidated financial statements and related notes as of and for the period ended June 30, 2026, we may identify items that would require us to make material adjustments to the preliminary financial results presented above. As a result, investors should exercise caution in relying on this information and should not draw any inferences from this information regarding financial or operating data not provided. These preliminary financial results should not be viewed as a substitute for full financial statements prepared in accordance with U.S. GAAP. In addition, these preliminary financial results should not be interpreted as indicative of future performance.

The foregoing information is being furnished pursuant to Item 2.02 and Item 7.01 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing or document, except as shall be expressly set forth by specific reference in such a filing or document.




SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ATHENE HOLDING LTD.
Date:July 1, 2026/s/ Louis-Jacques Tanguy
Louis-Jacques Tanguy
Executive Vice President and Chief Financial Officer


Source: View Original Filing on SEC EDGAR

FAQ

What preliminary Q2 2026 alternative net investment income did Athene (ATH) report?

Athene estimates about $350 million (pre-tax) in alternative net investment income for the second quarter ended June 30, 2026. This corresponds to an estimated 9% annualized return on its alternative net investments for the period.

How did Athene (ATH) say its main alternative investment vehicle performed in Q2 2026?

Athene estimates an annualized return of about 10% in Q2 2026 for its pooled investment vehicle that holds the large majority of its alternative investments portfolio, based on preliminary, unaudited figures disclosed in the filing.

What return did Athene (ATH) estimate on other alternative investments for Q2 2026?

Athene expects an estimated 6% annualized return in Q2 2026 on other alternative investments, including its investments in retirement services platforms, excluding amounts attributable to non-controlling interests.

How does Athene (ATH) use alternative net investment income in its performance metrics?

Alternative net investment income is a component of Athene’s Spread Related Earnings, a pre-tax, non-GAAP measure the company uses to assess financial performance. Detailed definitions and reconciliations are provided in its Form 10-K and Form 10-Q.

Are Athene’s (ATH) preliminary Q2 2026 alternative income figures audited?

No. Athene states these preliminary results are prepared by management before completing financial closing procedures, and its independent registered public accounting firm has not audited, reviewed, compiled, or provided assurance on these estimates.

When will Athene (ATH) release full Q2 2026 financial results?

Athene notes that Apollo Global Management’s quarterly earnings release and financial supplement for the second quarter, which will include full information, are scheduled for August 4, 2026.

Filing Exhibits & Attachments

4 documents

Other Documents