Company: APO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001858681-25-000034
Chunk: 215

Company: Apollo Global Management, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 215
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 a fair value of $1.1 billion and $1.2 billion, respectively. Reinsurance RecoverablesThe following summarizes reinsurance recoverable balances: December 31,(In millions)20242023Catalina$4,309 $— Global Atlantic2,328 2,435 Protective1,435 1,559 Other1122 160 Reinsurance recoverable$8,194 $4,154 1 Represents all other reinsurers, with no single reinsurer having a carrying value in excess of 5% of the total recoverable. 

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Table of ContentsAPOLLO GLOBAL MANAGEMENT, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

9. Deferred Acquisition Costs, Deferred Sales Inducements and Value of Business AcquiredThe following represents a rollforward of DAC and DSI by product, and a rollforward of VOBA. See note 11 for more information on Athene’s products. DACDSIVOBATotal DAC, DSI and VOBA(In millions)Traditional Deferred AnnuitiesIndexed AnnuitiesFunding AgreementsOther Investment-TypeIndexed AnnuitiesBalance at January 1, 2022$— $— $— $— $— $3,372 $3,372 Additions320 784 14 9 411 — 1,538 Amortization(16)(29)(3)— (12)(384)(444)Balance at December 31, 2022304 755 11 9 399 2,988 4,466 Additions701 863 3 3 634 — 2,204 Amortization(115)(101)(4)(1)(63)(404)(688)Other— — — — — (3)(3)Balance at December 31, 2023890 1,517 10 11 970 2,581 5,979 Additions519 945 42 1 630 — 2,137 Amortization(249)(184)(12)(1)(124)(371)(941)Other(2)— — — — — (2)Balance at December 31, 2024$1,158 $2,278 $40 $11 $1,476 $2,210 $7,173 Deferred costs related to universal