Apollo Projects $10 Billion of Annual Earnings in Five Years

October 8, 2024 by Allison McNeely

 Apollo Global Management Inc. expects to generate $10 billion of annual earnings across its asset management and retirement businesses by 2029, driven by investor demand for private credit and annuities.

Fee-related earnings are forecast to grow 20% on average annually for the next five years, while earnings at its Athene insurance arm will increase 10%, Apollo said Tuesday in an investor presentation.

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Wink’s Moore on the Market: I wouldn’t expect Athene‘s annuity sales to dive any time soon… -sjm

Originally Posted at Bloomberg on October 1, 2024 by Allison McNeely.