Company: APO
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001858681-25-000139
Chunk: 100

Company: Apollo Global Management, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 100
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ization of deferred acquisition costs, deferred sales inducements and value of business acquired355 244 914 678 Policy and other operating expenses573 670 1,665 1,601 5,836 4,830 13,751 12,371 Total Expenses7,070 5,816 17,130 15,291 Other income (loss) – Asset ManagementNet gains (losses) from investment activities78 15 (208)33 Net gains (losses) from investment activities of consolidated variable interest entities35 44 250 70 Other income (loss), net33 70 (172)68 Total Other income (loss)146 129 (130)171 Income (loss) before income tax (provision) benefit2,899 2,086 4,925 5,711 Income tax (provision) benefit(438)(317)(684)(1,000)Net income (loss)2,461 1,769 4,241 4,711 Net (income) loss attributable to non-controlling interests(725)(958)(1,433)(1,620)Net income (loss) attributable to Apollo Global Management, Inc.1,736 811 2,808 3,091 Preferred stock dividends(24)(24)(73)(73)Net income (loss) attributable to Apollo Global Management, Inc. common stockholders$1,712 $787 $2,735 $3,018 Earnings (loss) per shareNet income (loss) attributable to common stockholders – Basic$2.82 $1.30 $4.51 $4.96 Net income (loss) attributable to common stockholders – Diluted$2.78 $1.29 $4.47 $4.94 Weighted average shares outstanding – Basic589.4585.4587.8586.9Weighted average shares outstanding – Diluted607.8588.5592.2589.9See accompanying notes to the unaudited condensed consolidated financial statements.

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Table of ContentsAPOLLO GLOBAL MANAGEMENT, INC.CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)

Three months ended September 30,Nine months ended September 30,(In millions)2025202420252024Net income (loss)$2,461 $1