Company: APO
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001858681-25-000139
Chunk: 121

Company: Apollo Global Management, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 121
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 $(25)$43 $783 

30

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

Three months ended September 30, 2024AdditionsReductions(In millions)Beginning balanceInitial credit lossesSecurities sold during the periodAdditions (reductions) to previously impaired securitiesEnding balanceAFS securitiesCorporate$168 $— $— $— $168 CLO— 1 — — 1 ABS67 13 (14)8 74 CMBS57 1 — (1)57 RMBS378 5 (4)(2)377 Total AFS securities670 20 (18)5 677 AFS securities – related parties, ABS1 — — — 1 Total AFS securities, including related parties$671 $20 $(18)$5 $678 Nine months ended September 30, 2025AdditionsReductions(In millions)Beginning balanceInitial credit lossesSecurities sold during the periodAdditions (reductions) to previously impaired securitiesEnding balanceAFS securitiesCorporate$175 $— $(22)$(2)$151 ABS76 40 (3)47 160 CMBS60 2 — 5 67 RMBS397 7 (13)13 404 Total AFS securities708 49 (38)63 782 AFS securities – related parties, ABS1 — — — 1 Total AFS securities, including related parties$709 $49 $(38)$63 $783 Nine months ended September 30, 2024AdditionsReductions(In millions)Beginning balanceInitial credit lossesSecurities sold during the periodAdditions (reductions) to previously impaired securitiesEnding balanceAFS securitiesCorporate$129 $48 $(8)$(1)$168 CLO2 1 — (2)1 ABS49 25 (15)15 74 CMBS29 27 — 1 57 RMBS381 10 (14)— 377 Total AFS securities590 111 (37)13 677 AFS securities – related parties, ABS1 — — — 1 Total AFS securities, including related parties$591 $111