Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 211

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 211
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, at fair valueCorporate2,147 0.6 %2,137 0.7 %CLO6,589 2.0 %6,035 1.9 %ABS11,252 3.4 %10,631 3.4 %Total AFS securities, at fair value19,988 6.0 %18,803 6.0 %Trading securities, at fair value437 0.1 %573 0.2 %Equity securities, at fair value244 0.1 %234 0.1 %Mortgage loans, at fair value1,296 0.4 %1,297 0.4 %Investment funds1,935 0.6 %1,853 0.6 %Funds withheld at interest4,810 1.4 %5,050 1.6 %Short-term investments784 0.2 %743 0.2 %Other investments, at fair value340 0.1 %331 0.1 %Total related party investments29,834 8.9 %28,884 9.2 %Total investments, including related parties308,157 92.5 %291,167 92.6 %Investments of consolidated VIEsTrading securities, at fair value3,011 0.9 %2,301 0.7 %Mortgage loans, at fair value2,519 0.8 %2,579 0.8 %Investment funds, at fair value18,187 5.5 %17,660 5.6 %Other investments936 0.3 %884 0.3 %Total investments of consolidated VIEs24,653 7.5 %23,424 7.4 %Total investments, including related parties and consolidated VIEs$332,810 100.0 %$314,591 100.0 %

The $18.2 billion increase in Athene’s total investments, including related parties and consolidated VIEs, as of March 31, 2025 compared to December 31, 2024 was primarily driven by significant growth from gross organic inflows of $25.6 billion in excess of gross liability outflows of $8.4 billion, reinvestment of earnings, unrealized