Company: APO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001858681-25-000034
Chunk: 170

Company: Apollo Global Management, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 170
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734 25,442 Due after ten years56,409 45,821 CLO, ABS, CMBS and RMBS74,048 72,139 Total AFS securities180,716 165,364 AFS securities – related partiesDue after one year through five years1,080 1,071 Due after five years through ten years847 861 Due after ten years223 205 CLO and ABS17,029 16,666 Total AFS securities – related parties19,179 18,803 Total AFS securities, including related parties$199,895 $184,167 Actual maturities can differ from contractual maturities as borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Unrealized Losses on AFS SecuritiesThe following summarizes the fair value and gross unrealized losses for AFS securities, including related parties, for which an allowance for credit losses has not been recorded, aggregated by asset type and length of time the fair value has remained below amortized cost: December 31, 2024Less than 12 months12 months or moreTotal(In millions)Fair ValueGross Unrealized LossesFair ValueGross Unrealized LossesFair ValueGross Unrealized LossesAFS securitiesU.S. government and agencies$3,010 $(114)$3,462 $(1,156)$6,472 $(1,270)U.S. state, municipal and political subdivisions67 (3)842 (243)909 (246)Foreign governments830 (205)738 (309)1,568 (514)Corporate19,530 (673)44,051 (10,997)63,581 (11,670)CLO2,675 (48)2,325 (215)5,000 (263)ABS9,361 (155)4,070 (309)13,431 (464)CMBS1,868 (56)1,773 (315)3,641 (371)RMBS825 (13)1,261 (157)2,086 (170)Total AFS securities38,166 (1,267)58,522 (13,701)96,688 (14,968)AFS securities – related partiesCorporate471 (4)365 (26)836 (30