Company: APO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001858681-25-000034
Chunk: 218

Company: Apollo Global Management, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 218
---
4 %2.7 %Net amount at risk$425 $15,441 $— $51 Cash surrender value81,243 89,511 — 6,784 Year ended December 31, 2023(In millions, except percentages)Traditional Deferred AnnuitiesIndexed AnnuitiesFunding AgreementsOther Investment-typeTotalBalance at December 31, 2022$43,518 $92,660 $27,439 $4,722 $168,339 Deposits30,175 12,639 6,893 4,597 54,304 Policy charges(2)(651)— — (653)Surrenders and withdrawals(9,929)(11,253)(110)(40)(21,332)Benefit payments(984)(1,609)(3,273)(275)(6,141)Interest credited1,858 1,279 883 155 4,175 Foreign exchange52 1 260 (95)218 Other175 81 258 (1,435)(1,021)Balance at December 31, 2023$64,763 $93,147 $32,350 $7,629 $197,889 Weighted average crediting rate4.0 %2.4 %3.4 %2.7 %Net amount at risk$425 $14,716 $— $103 Cash surrender value61,345 85,381 — 6,375 1 Other includes a $1,371 million reduction of reserves related to the VIAC recapture agreement. See note 18 for further information.Year ended December 31, 2022(In millions, except percentages)Traditional Deferred AnnuitiesIndexed AnnuitiesFunding AgreementsOther Investment-typeTotalBalance at January 1, 2022$35,599 $89,755 $23,623 $2,413 $151,390 Deposits13,246 11,544 7,970 2,581 35,341 Policy charges(3)(600)— — (603)Surrenders and withdrawals(5,419)(8,057)(880)(17)(14,373)Benefit payments(937)(1,620)(2,819)(322)(5,698)Interest credited1,032 1,638