Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 276

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 276
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 SecuritiesThe following summarizes the fair value and gross unrealized losses for AFS securities, including related parties, for which an allowance for credit losses has not been recorded, aggregated by asset type and length of time the fair value has remained below amortized cost: March 31, 2025Less than 12 months12 months or moreTotal(In millions)Fair ValueGross Unrealized LossesFair ValueGross Unrealized LossesFair ValueGross Unrealized LossesAFS securitiesU.S. government and agencies$2,028 $(57)$3,555 $(1,030)$5,583 $(1,087)U.S. state, municipal and political subdivisions40 (2)810 (224)850 (226)Foreign governments192 (17)1,418 (479)1,610 (496)Corporate17,652 (619)41,957 (10,084)59,609 (10,703)CLO6,972 (35)1,843 (137)8,815 (172)ABS5,952 (122)3,346 (237)9,298 (359)CMBS3,793 (78)1,542 (260)5,335 (338)RMBS737 (10)1,082 (134)1,819 (144)Total AFS securities37,366 (940)55,553 (12,585)92,919 (13,525)AFS securities – related partiesCorporate62 (1)367 (22)429 (23)CLO2,108 (8)283 (16)2,391 (24)ABS2,048 (16)3,663 (222)5,711 (238)Total AFS securities – related parties4,218 (25)4,313 (260)8,531 (285)Total AFS securities, including related parties$41,584 $(965)$59,866 $(12,845)$101,450 $(13,810)

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

December 31, 2024Less than 12 months12 months or moreTotal(In millions)Fair ValueGross Unrealized LossesFair ValueGross Unrealized