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Apollo Exclusive: Stronger Than Expected Profit Explained

Apollo Global Management Inc. has delivered an impressive performance, surpassing Wall Street projections with a notable profit increase, driven primarily by the impact of rising interest rates on its burgeoning credit and insurance segments.

Apollo Global Management expands investment portfolio with $2 billion second fund. PHOTO: Jeenah Moon/Bloomberg
Apollo Global Management thrives, beating expectations with robust earnings and growth. PHOTO: Jeenah Moon/Bloomberg

In a recent announcement, the New York-based firm revealed its adjusted net income had climbed by 31% to $1.18 billion,

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