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Apollo Global incurs $550M investment loss in Q4'18

Feb 01, 2019 - SNL Financial
Financial Results

Apollo Global Management LLC reported economic net loss of $406.1 million, or a loss of $1.01 per share, for the fourth quarter of 2018, compared to economic net income of $490.3 million, or $1.22 per share, in the prior-year quarter.

On a GAAP basis, Apollo Global Management posted fourth-quarter 2018 net loss attributable to the company's class A shareholders of $196.4 million, or a loss of $1.00 per share, compared to net income attributable to the company's class A shareholders of $184...