Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 252

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1A
Chunk 252
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 consolidated variable interest entitiesCash and cash equivalents— 158 — 158 Investments— 2,962 (156)2,806 Other assets— 188 (104)84 Due from related parties630 — (46)584 Goodwill264 — — 264 Other assets2,579 — — 2,579 12,726 3,308 (778)15,256 Retirement ServicesCash and cash equivalents12,733 — — 12,733 Restricted cash and cash equivalents943 — — 943 Investments262,561 — (278)262,283 Investments in related parties44,332 — (15,448)28,884 Assets of consolidated variable interest entitiesCash and cash equivalents— 583 — 583 Investments1,807 21,722 (105)23,424 Other assets12 553 — 565 Reinsurance recoverable8,194 — — 8,194 Deferred acquisition costs, deferred sales inducements and value of business acquired7,173 — — 7,173 Goodwill4,063 — — 4,063 Other assets13,865 — (71)13,794 355,683 22,858 (15,902)362,639 Total Assets$368,409 $26,166 $(16,680)$377,895 (Continued)

89

December 31, 2024(In millions)Apollo Global Management, Inc. and Consolidated SubsidiariesConsolidated Funds and VIEsEliminationsConsolidatedLiabilities, Redeemable non-controlling interests and EquityLiabilitiesAsset ManagementAccounts payable, accrued expenses, and other liabilities$3,616 $— $— $3,616 Due to related parties834 — (124)710 Debt4,279 — — 4,279 Liabilities of consolidated variable interest entitiesDebt, at fair value— 123 (123)— Other liabilities — 1,417 (54)1,363 8,729 1,540 (301)9,968 Retirement ServicesInterest sensitive contract liabilities253,637 — — 253,637 Future policy benefits49,902 — — 49,902 Market risk