Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 333

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 333
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 — (282)299,111 Investments in related parties47,118 — (16,630)30,488 Assets of consolidated variable interest entitiesCash and cash equivalents19 172 — 191 Investments1,680 24,681 (173)26,188 Other assets8 333 — 341 Reinsurance recoverable9,273 — — 9,273 Deferred acquisition costs, deferred sales inducements and value of business acquired7,981 — — 7,981 Goodwill4,075 — — 4,075 Other assets14,889 — (96)14,793 396,485 25,186 (17,181)404,490 Total Assets$409,429 $28,240 $(18,119)$419,550 (Continued)

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Table of Contents

June 30, 2025(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$4,079 $— $— $4,079 Due to related parties1,013 — (253)760 Debt4,280 — — 4,280 Liabilities of consolidated variable interest entitiesDebt, at fair value— 175 (175)— Other liabilities — 1,155 (107)1,048 9,372 1,330 (535)10,167 Retirement ServicesInterest sensitive contract liabilities292,238 — — 292,238 Future policy benefits49,400 — — 49,400 Market risk benefits4,489 — — 4,489 Debt7,864 — — 7,864 Payables for collateral on derivatives and securities to repurchase7,260 — — 7,260 Other liabilities12,517 — — 12,517 Liabilities of consolidated variable interest entitiesOther liabilities30 1,730 (6)1,754 373,798 1,730 (6)375,522 Total Liabilities383,170 3,060 (541)385,689 Commitments and Contingencies