Company: APO
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001858681-25-000139
Chunk: 176

Company: Apollo Global Management, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 176
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54 54 Effect of actual to expected experience— (14)(14)Adjusted balance— 892 892 Issuances— 15 15 Interest accrual— 15 15 Net premium collected— (139)(139)Foreign exchange— 54 54 Other— 10 10 Ending balance at original discount rate— 847 847 Effect of changes in discount rate assumptions— 13 13 Effect of foreign exchange on the change in discount rate assumptions— (1)(1)Ending balance, present value of expected net premiums$— $859 $859 Present value of expected future policy benefitsBeginning balance$42,261 $2,711 $44,972 Effect of changes in discount rate assumptions7,378 206 7,584 Effect of foreign exchange on the change in discount rate assumptions(5)(1)(6)Beginning balance at original discount rate49,634 2,916 52,550 Effect of changes in cash flow assumptions(53)184 131 Effect of actual to expected experience(48)(51)(99)Adjusted balance49,533 3,049 52,582 Issuances205 15 220 Interest accrual1,311 55 1,366 Benefit payments(3,329)(77)(3,406)Foreign exchange58 186 244 Other— 11 11 Ending balance at original discount rate47,778 3,239 51,017 Effect of changes in discount rate assumptions(5,849)(944)(6,793)Effect of foreign exchange on the change in discount rate assumptions(20)(7)(27)Ending balance, present value of expected future policy benefits41,909 2,288 44,197 Less: Present value of expected net premiums— 859 859 Net future policy benefits$41,909 $1,429 $43,338 Weighted-average liability duration (in years)9.323.0Weighted-average interest accretion rate3.7 %5.0 %Weighted-average current discount rate5.2 %6.6 %Expected future gross premiums, undiscounted$— $1,102 Expected future gross premiums, discounted1— 920 Expected future benefit payments, undiscounted69,682 8,136 1 Discounted at the original discount rate.

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