Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 251

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1A
Chunk 251
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— $— $3,773 Due to related parties910 — (202)708 Debt4,280 — — 4,280 Liabilities of consolidated variable interest entitiesDebt, at fair value— 128 (128)— Other liabilities — 861 (76)785 8,963 989 (406)9,546 Retirement ServicesInterest sensitive contract liabilities273,439 — — 273,439 Future policy benefits49,897 — — 49,897 Market risk benefits4,362 — — 4,362 Debt6,301 — — 6,301 Payables for collateral on derivatives and securities to repurchase7,253 — — 7,253 Other liabilities10,372 — (17)10,355 Liabilities of consolidated variable interest entitiesOther liabilities31 1,521 (4)1,548 351,655 1,521 (21)353,155 Total Liabilities360,618 2,510 (427)362,701 Commitments and Contingencies (note 16)EquityMandatory Convertible Preferred Stock1,398 — — 1,398 Additional paid in capital15,487 40 — 15,527 Retained earnings (accumulated deficit)5,635 16,881 (16,882)5,634 Accumulated other comprehensive income (loss)(4,575)(37)29 (4,583)Total AGM Stockholders’ Equity17,945 16,884 (16,853)17,976 Non-controlling interests7,350 6,860 158 14,368 Total Equity25,295 23,744 (16,695)32,344 Total Liabilities and Equity$385,913 $26,254 $(17,122)$395,045 (Concluded)

88

December 31, 2024(In millions)Apollo Global Management, Inc. and Consolidated SubsidiariesConsolidated Funds and VIEsEliminationsConsolidatedAssetsAsset ManagementCash and cash equivalents$2,692 $— $— $2,692 Restricted cash and cash equivalents3 — — 3 Investments6,558 — (472)6,086 Assets of