Company: APO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001858681-25-000034
Chunk: 197

Company: Apollo Global Management, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 197
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, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Year ended December 31, 2023Total realized and unrealized gains (losses)(In millions)Beginning BalanceIncluded in IncomeIncluded in OCINet Purchases, Issuances, Sales and SettlementsNet Transfers In (Out)Ending BalanceTotal Gains (Losses) Included in Earnings1Total Gains (Losses) Included in OCI1Assets – Asset ManagementInvestments and derivative assets$1,098 $63 $— $40 $— $1,201 $68 $— Investments of consolidated VIEs727 69 — 698 (2)1,492 13 — Total Level 3 assets – Asset Management$1,825 $132 $— $738 $(2)$2,693 $81 $— Assets – Retirement ServicesAFS securitiesForeign governments$1 $— $(2)$41 $— $40 $— $(2)Corporate1,665 (21)45 1,298 (462)2,525 — 21 ABS4,867 (9)61 3,241 (1,217)6,943 — 45 CMBS— — 1 — 20 21 — 3 RMBS232 8 4 256 (235)265 — 2 Trading securities53 2 — (16)(11)28 — — Equity securities92 (8)— (45)(13)26 — — Mortgage loans27,454 183 — 16,478 — 44,115 184 — Funds withheld at interest – embedded derivative(4,847)1,468 — — — (3,379)— — Short-term investments36 — (3)69 3 105 — — Other investments441 — — 189 — 630 (3)— Investments in related partiesAFS securitiesCorporate812 3 (32)173 215 1,171 — (32)CLO303 — 18 185 — 506 — 18 ABS5,542 19 103 1,878 284 7,826 6 96