Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 307

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 307
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(5)27 Other12 15 Total gains (losses)$1,164 $(446)Gains and losses on trading securities, mortgage loans, and other are recorded in investment related gains (losses) on the condensed consolidated statements of operations. Gains and losses related to investment funds are recorded in net investment income on the condensed consolidated statements of operations. Gains and losses related to investments of consolidated VIEs are recorded in revenues of consolidated VIEs on the condensed consolidated statements of operations. The change in fair value of future policy benefits is recorded in future policy and other policy benefits on the condensed consolidated statements of operations.The following summarizes information for fair value option mortgage loans, including related parties and VIEs:(In millions)March 31, 2025December 31, 2024Unpaid principal balance$76,719 $69,754 Mark to fair value(1,988)(2,639)Fair value$74,731 $67,115 The following represents the commercial mortgage loan portfolio 90 days or more past due and/or in non-accrual status:(In millions)March 31, 2025December 31, 2024Unpaid principal balance of commercial mortgage loans 90 days or more past due and/or in non-accrual status$427 $195 Mark to fair value of commercial mortgage loans 90 days or more past due and/or in non-accrual status(203)(102)Fair value of commercial mortgage loans 90 days or more past due and/or in non-accrual status$224 $93 Fair value of commercial mortgage loans 90 days or more past due$43 $31 Fair value of commercial mortgage loans in non-accrual status224 93 

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

The following represents the residential mortgage loan portfolio 90 days or more past due and/or in non-accrual status:(In millions)March 31, 2025December 31, 2024Unpaid principal balance of residential mortgage loans 90 days or more past due and/or in non-accrual status$1,024 $898 Mark to fair value of residential mortgage loans 90 days or more past due and/or in non-accrual status(62)(51)Fair value of residential mortgage loans