Sun Life Financial reported a 10% increase in fourth-quarter core profit, surpassing analyst estimates, driven by strong insurance sales and momentum in its Asia business. Globe Life also saw a rise in profit due to stronger underwriting and investment returns. Apollo Global Management's quarterly earnings surged 31% on the back of management fees and its annuities business, with net income rising over 30% to $1.18 billion, beating expectations. The private credit boom is evident in the market, with Apollo aiming for $250 billion in debt investments annually, while concerns about a potential private credit bubble are also emerging.
Apollo Takes Aim at $250 Billion in Debt Investments Annually The firm set a new five-year goal, betting that investors will flock to private debt in search of better returns via @LHVGarcia @WSJ #PrivateEquity #PrivateCredit https://t.co/hKJPo6EP7c
The private credit boom is making its way to the IPO market $TPG $SKWD $FIHL $HG $AHL $IPO #IPO https://t.co/HybTv67Ony
While $APO made a fortune last year...this private credit BUBBLE may not end well... Golden age of private credit my *** Oaktree $OCSL had 5 non-accruals this past quarter (mark downs)
Apollo's quarterly earnings jump 31% on management fees, annuities business https://t.co/Enc4wbrxa1 https://t.co/zi3MoiU10w
Apollo $APO made more $ in 2023 than over the past 15 years on growth in credit and high rates... Net income rose >30% to $1.18 billion or $1.91/share vs expectations of $1.72/share Fee growth via private equity/private credit was up 16^ Spread earnings at Athene were up 7.2%…
Apollo Global's profit beats Wall Street expectations as higher interest rates boost the firm's growing credit and insurance businesses https://t.co/aPRCONjqaR
$APO | Apollo Global Management Q4 Earnings: - Adj. EPS $1.91 (Est. $1.72) - Sales $11.05B (Est. $3.62B)
Insurer Everest Group's profit surges on stronger underwriting, investment returns https://t.co/1p5xqWsJbg https://t.co/rC9kpRF13Y
Globe Life profit rises on stronger underwriting, investment returns https://t.co/3gTqN07wPW https://t.co/lh6RLd55UQ
Sun Life's quarterly core profit tops estimates on demand for personal insurance https://t.co/v1W2w1bpbo https://t.co/DguGH5oMBn
⚠️ GLOBE LIFE PROFIT RISES ON STRONGER UNDERWRITING, INVESTMENT RETURNS Full Story → https://t.co/cQn15mA3sn
Sun Life Financial beat analyst estimates for fourth-quarter profit, boosted by momentum in its Asia business and strong insurance sales https://t.co/lJHeST9xUj
⚠️ SUN LIFE REPORTS 10% RISE IN FOURTH QUARTER CORE PROFIT Full Story → https://t.co/1uoGzxrmpi https://t.co/fd987FakKN