Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 100

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 100
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AN/AN/ADue from related parties27 Discounted cash flowDiscount rate14.0%14.0%Derivative assets29 Option modelVolatility rate52.5%52.5%Investments of consolidated VIEsBank loans168 Discounted cash flowDiscount rate5.6% – 23.4%9.0%1179 Adjusted transaction valueN/AN/AN/AEquity securities495 Dividend discount modelDiscount rate14.1%14.1%417 Discounted cash flowDiscount rate8.3% – 13.3%13.3%169 Adjusted transaction valueN/AN/AN/A27 Option modelVolatility rate84.8% – 117.5%110.7%1Bonds412 Discounted cash flowDiscount rate6.6% – 11.7%7.0%1491 Adjusted transaction valueN/AN/AN/ARetirement ServicesAFS, trading and equity securities28,655 Discounted cash flowDiscount rate4.7% – 20.0%7.1%1Mortgage loans267,115 Discounted cash flowDiscount rate1.8% – 43.1%6.7%1Investment funds21,909 Discounted cash flowDiscount rate6.6% – 14.0%10.8%1Financial LiabilitiesAsset ManagementContingent consideration obligations67 Discounted cash flowDiscount rate20.0% – 25.0%23.6%1Retirement ServicesInterest sensitive contract liabilities – fixed indexed annuities embedded derivatives11,242 Discounted cash flowNonperformance risk0.4% – 1.1%0.7%3Option budget0.5% – 6.0%2.8%4Surrender rate6.0% – 14.2%9.0%41 Unobservable inputs were weighted based on the fair value of the investments included in the range.2 Includes those of consolidated VIEs.3 The nonperformance risk weighted average is based on the projected cash flows attributable to the embedded derivative.4 The option budget and surrender rate weighted averages are calculated based on projected account values.

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

The following are reconciliations for Level 3 assets and liabilities measured at fair value