Apollo Projects $10 Billion of Earnings in Five Years

November 13, 2024 by Allison McNeely

(Bloomberg) — 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.

Click HERE to read the full story via Financial Post. 

Wink’s Moore on the Market: Well, it sure doesn’t look like Athene‘s parent company, Apollo Global Management, Inc., is going to do bad over the next few years. -sjm

Originally Posted at Financial Post on November 4, 2024 by Allison McNeely.