Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 303

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 303
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499)$9 Liabilities – Asset ManagementContingent consideration obligations$93 $48 $— $(14)$— $127 $— $— Total Level 3 liabilities – Asset Management$93 $48 $— $(14)$— $127 $— $— (Continued)

44

Table of ContentsAPOLLO GLOBAL MANAGEMENT, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Three months ended March 31, 2024Total realized and unrealized gains (losses)(In millions)Beginning BalanceIncluded in IncomeIncluded in OCINet Purchases, Issuances, Sales and SettlementsNet Transfers In (Out)Ending BalanceTotal Gains (Losses) Included in Earnings1Total Gains (Losses) Included in OCI1Liabilities – Retirement ServicesInterest sensitive contract liabilitiesEmbedded derivative$(9,059)$(1,177)$— $(672)$— $(10,908)$— $— Universal life benefits(834)46 — — — (788)— — Future policy benefitsAmerUs Closed Block(1,178)27 — — — (1,151)— — ILICO Closed Block and life benefits(522)(31)— — — (553)— — Derivative liabilities(1)— — — — (1)— — Other liabilities(330)(10)— 47 64 (229)— — Total Level 3 liabilities – Retirement Services$(11,924)$(1,145)$— $(625)$64 $(13,630)$— $— (Concluded)1 Related to instruments held at end of period.

45

Table of ContentsAPOLLO GLOBAL MANAGEMENT, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

The following represents the gross components of purchases, issuances, sales and settlements, net, and net transfers in (out) shown above: Three months ended March 31, 2025(In millions)PurchasesIssuancesSalesSettlementsNet Purchases, Issuances, Sales and SettlementsTransfers InTransfers OutNet Transfers In (Out)Assets – Asset ManagementInvestments and derivative assets$14 $— $— $— $14 $— $—