Company: APO
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001858681-25-000139
Chunk: 304

Company: Apollo Global Management, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 304
---
conciling items17,233 7,571 Interest sensitive contract liabilities$309,737 $245,436 1 Reconciling items primarily include embedded derivatives in indexed annuities, unaccreted host contract adjustments on indexed annuities, negative VOBA, sales inducement liabilities, and wholly ceded universal life insurance contracts.The following represents policyholder account balances by range of guaranteed minimum crediting rates (“GMCR”), as well as the related range of the difference between rates being credited to policyholders and the respective guaranteed minimums. Athene’s funding agreements and other investment-type products provide Athene little to no discretionary ability to change the rates of interest payable to the respective policyholder or institution and, as a result, those policyholder account balances are excluded from the following tables.September 30, 2025(In millions)At Guaranteed Minimum1 Basis Point – 100 Basis Points Above Guaranteed MinimumGreater than 100 Basis Points Above Guaranteed MinimumTotalTraditional deferred annuities< 2.0%$5,154 $1,936 $84,880 $91,970 2.0% – < 4.0%5,769 588 3,291 9,648 4.0% – < 6.0%4,551 1 — 4,552 6.0% and greater3 — — 3 Total traditional deferred annuities$15,477 $2,525 $88,171 $106,173 Indexed annuities< 2.0%$1,519 $1,104 $3,522 $6,145 2.0% – < 4.0%3,883 93 — 3,976 Total indexed annuities with GMCR5,402 1,197 3,522 10,121 Other193,534 Total indexed annuities$103,655 1 Includes account value allocated to an indexed strategy or other amounts without a GMCR.

70

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

September 30, 2024(In millions)At Guaranteed Minimum1 Basis Point – 100 Basis Points Above Guaranteed MinimumGreater than 100 Basis Points Above Guaranteed MinimumTotalTraditional deferred annuities< 2.0%$4,607 $2,712