Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 263

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 263
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 inducements and value of business acquired7,606 7,173 Goodwill4,067 4,063 Other assets13,594 13,794 380,637 362,639 Total Assets$395,045 $377,895 (Continued)See accompanying notes to the unaudited condensed consolidated financial statements.

12

Table of ContentsAPOLLO GLOBAL MANAGEMENT, INC.CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED)

(In millions, except share data)As of March 31, 2025As of December 31, 2024Liabilities, Redeemable non-controlling interests and EquityLiabilitiesAsset ManagementAccounts payable, accrued expenses, and other liabilities$3,773 $3,616 Due to related parties708 710 Debt4,280 4,279 Liabilities of consolidated variable interest entitiesOther liabilities 785 1,363 9,546 9,968 Retirement ServicesInterest sensitive contract liabilities273,439 253,637 Future policy benefits49,897 49,902 Market risk benefits4,362 4,028 Debt6,301 6,309 Payables for collateral on derivatives and securities to repurchase7,253 11,652 Other liabilities10,355 9,784 Liabilities of consolidated variable interest entitiesOther liabilities1,548 1,635 353,155 336,947 Total Liabilities362,701 346,915 Commitments and Contingencies (note 16)Redeemable non-controlling interestsRedeemable non-controlling interests— 16 EquityMandatory Convertible Preferred Stock, 28,749,765 and 28,749,765 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively1,398 1,398 Common Stock, $0.00001 par value, 90,000,000,000 shares authorized, 570,432,275 and 565,738,933 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively— — Additional paid in capital15,527 15,327 Retained earnings (accumulated deficit)5,634 6,022 Accumulated other comprehensive income (loss)(4,583)(5,494)Total Apollo Global