Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 299

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 299
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 based on projected account values.

41

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

The following are reconciliations for Level 3 assets and liabilities measured at fair value on a recurring basis: Three months ended March 31, 2025Total 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 OCI1Assets – Asset ManagementInvestments and derivative assets$1,081 $12 $— $14 $— $1,107 $(6)$— Investments of consolidated VIEs2,258 219 — (352)(607)1,518 (8)— Total Level 3 assets – Asset Management$3,339 $231 $— $(338)$(607)$2,625 $(14)$— Assets – Retirement ServicesAFS securitiesForeign governments$29 $(1)$— $— $— $28 $— $— Corporate4,321 14 27 1,421 (178)5,605 13 20 ABS16,529 22 167 (81)(4,065)12,572 1 121 CMBS— (24)(3)28 (1)— — — RMBS256 4 (1)47 — 306 — (1)Trading securities22 — — (1)(14)7 — — Equity securities27 (1)— — — 26 — — Mortgage loans63,239 1,000 — 6,677 — 70,916 1,007 — Funds withheld at interest – embedded derivative(3,035)188 — — — (2,847)— — Derivative assets1 — — — — 1 — — Short-term investments169 — — (120)(1)48 — — Other investments895 1 — — — 896 1 — Investments in related parties