Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 289

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 289
---
Attributed fees collected1 189 190 Benefit payments(3)(30)(33)Effect of changes in interest rates3 (29)(26)Effect of actual policyholder behavior compared to expected behavior— 53 53 Balance, end of period, before changes in instrument-specific credit risk192 3,844 4,036 Effect of changes in instrument-specific credit risk3 173 176 Balance at June 30, 2025195 4,017 4,212 Less: Reinsurance recoverable— 50 50 Balance at June 30, 2025, net of reinsurance$195 $3,967 $4,162 Net amount at risk$420 $15,997 Weighted-average attained age of contract holders (in years)7669

69

Table of ContentsAPOLLO GLOBAL MANAGEMENT, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Six months ended June 30, 2024(In millions, except years)Traditional Deferred AnnuitiesIndexed AnnuitiesTotalBalance at December 31, 2023$192 $3,181 $3,373 Effect of changes in instrument-specific credit risk2 (10)(8)Balance, beginning of period, before changes in instrument-specific credit risk194 3,171 3,365 Issuances— 159 159 Interest accrual5 94 99 Attributed fees collected1 174 175 Benefit payments(2)(27)(29)Effect of changes in interest rates(11)(372)(383)Effect of changes in equity— (81)(81)Effect of actual policyholder behavior compared to expected behavior4 45 49 Balance, end of period, before changes in instrument-specific credit risk191 3,163 3,354 Effect of changes in instrument-specific credit risk(2)4 2 Balance at June 30, 2024189 3,167 3,356 Less: Reinsurance recoverable— 18 18 Balance at June 30, 2024, net of reinsurance$189 $3,149 $3,338 Net amount at risk$427 $15,185 Weighted-average attained age of contract holders (in years)7669The following is a reconciliation of market risk benefits to the condensed consolidated statements of financial condition. Market risk benefit assets