Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 125

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 125
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 Effect of changes in discount rate assumptions— (45)(45)Effect of foreign exchange on the change in discount rate assumptions— (2)(2)Beginning balance at original discount rate— 1,135 1,135 Interest accrual— 6 6 Net premium collected— (53)(53)Foreign exchange— (77)(77)Ending balance at original discount rate— 1,011 1,011 Effect of changes in discount rate assumptions— 43 43 Effect of foreign exchange on the change in discount rate assumptions— (1)(1)Ending balance, present value of expected net premiums$— $1,053 $1,053 Present value of expected future policy benefitsBeginning balance$45,001 $3,371 $48,372 Effect of changes in discount rate assumptions6,233 (89)6,144 Effect of foreign exchange on the change in discount rate assumptions1 (6)(5)Beginning balance at original discount rate51,235 3,276 54,511 Effect of actual to expected experience(4)(4)(8)Adjusted balance51,231 3,272 54,503 Issuances42 — 42 Interest accrual453 18 471 Benefit payments(1,126)(19)(1,145)Foreign exchange(7)(225)(232)Ending balance at original discount rate50,593 3,046 53,639 Effect of changes in discount rate assumptions(6,999)50 (6,949)Effect of foreign exchange on the change in discount rate assumptions2 (1)1 Ending balance, present value of expected future policy benefits43,596 3,095 46,691 Less: Present value of expected net premiums— 1,053 1,053 Net future policy benefits$43,596 $2,042 $45,638 Weighted-average liability duration (in years)9.532.7Weighted-average interest accretion rate3.7 %4.8 %Weighted-average current discount rate5.4 %4.4 %Expected future gross premiums, undiscounted$— $1,344 Expected future gross premiums, discounted1— 1,103 Expected future benefit payments, undiscounted74,239 11,449 1 Discounted at the original discount rate.

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