Company: APO
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001858681-25-000139
Chunk: 283

Company: Apollo Global Management, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 283
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 liabilities – Asset Management$93 $68 $— $(105)$— $56 $— $— Liabilities – Retirement ServicesInterest sensitive contract liabilitiesEmbedded derivative$(9,059)$(1,270)$— $(1,667)$— $(11,996)$— $— Universal life benefits(834)14 — — — (820)— — Future policy benefitsAmerUs Closed Block(1,178)12 — — — (1,166)— — ILICO Closed Block and life benefits(522)(23)— — — (545)— — Derivative liabilities(1)— — — — (1)— — Other liabilities(330)(123)— 52 64 (337)— — Total Level 3 liabilities – Retirement Services$(11,924)$(1,390)$— $(1,615)$64 $(14,865)$— $— (Concluded)1 Related to instruments held at end of period.

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

The following represents the gross components of purchases, issuances, sales and settlements, net, and net transfers in (out) shown above: Three months ended September 30, 2025(In millions)PurchasesIssuancesSalesSettlementsNet purchases, issuances, sales and settlementsTransfers InTransfers OutNet Transfers In (Out)Assets – Asset ManagementInvestments and derivative assets$54 $— $(3)$— $51 $— $— $— Investments of consolidated VIEs2,530 — (605)— 1,925 — (134)(134)Total Level 3 assets – Asset Management$2,584 $— $(608)$— $1,976 $— $(134)$(134)Assets – Retirement ServicesAFS securitiesCorporate$479 $— $(94)$(64)$321 $125 $(1,333)$(1,208)ABS4,385 — (3)(1,036)3,346 — (547)(547)RMBS18 — — (32)(14)— — — Trading securities— — —