Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 233

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 233
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 securities27 (8)39 24 Repurchase AgreementsThe following table summarizes the remaining contractual maturities of repurchase agreements, which are included in payables for collateral on derivatives and securities to repurchase on the condensed consolidated statements of financial condition:(In millions)June 30, 2025December 31, 2024Less than 30 days$790 $2,752 30 – 90 days— 300 91 days to 1 year— 1,095 Greater than 1 year2,747 1,569 Payables for repurchase agreements$3,537 $5,716 

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

The following table summarizes the securities pledged as collateral for repurchase agreements:June 30, 2025December 31, 2024(In millions)Amortized CostFair ValueAmortized CostFair ValueAFS securitiesU.S. government and agencies$711 $514 $3,253 $2,693 Foreign governments243 179 159 107 Corporate2,113 1,894 1,877 1,573 CLO585 588 587 588 ABS598 561 596 552 RMBS— — 369 365 Total securities pledged under repurchase agreements$4,250 $3,736 $6,841 $5,878 Reverse Repurchase Agreements As of June 30, 2025 and December 31, 2024, amounts loaned under reverse repurchase agreements were $189 million and $935 million, respectively, and the fair value of the collateral, comprised primarily of asset-backed securities, was $1,034 million and $2,208 million, respectively.Mortgage Loans, including related parties and consolidated VIEsMortgage loans include both commercial and residential loans. Athene has elected the fair value option on its mortgage loan portfolio. See note 6 for further fair value option information. The following represents the mortgage loan portfolio, with fair value option loans presented at unpaid principal balance:(In millions)June 30, 2025December 31, 2024Commercial mortgage loans$37,482 $32,544 Commercial mortgage loans under development1,782 1,987 Total commercial mortgage loans39,264 34,531 Mark