Company: APO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001858681-25-000034
Chunk: 222

Company: Apollo Global Management, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 222
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Whole LifeTotalPresent value of expected net premiumsBeginning balance$— $— $— Issuances— 3,091 3,091 Interest accrual— 6 6 Net premium collected— (2,027)(2,027)Foreign exchange— 65 65 Ending balance at original discount rate— 1,135 1,135 Effect of changes in discount rate assumptions— 45 45 Effect of foreign exchange on the change in discount rate assumptions— 2 2 Ending balance, present value of expected net premiums$— $1,182 $1,182 Present value of expected future policy benefitsBeginning balance$36,422 $— $36,422 Effect of changes in discount rate assumptions8,425 — 8,425 Effect of foreign exchange on the change in discount rate assumptions(13)— (13)Beginning balance at original discount rate44,834 — 44,834 Effect of changes in cash flow assumptions(297)— (297)Effect of actual to expected experience(67)— (67)Adjusted balance44,470 — 44,470 Issuances10,427 3,091 13,518 Interest accrual1,646 18 1,664 Benefit payments(3,834)(18)(3,852)Foreign exchange35 185 220 Other1(1,509)— (1,509)Ending balance at original discount rate51,235 3,276 54,511 Effect of changes in discount rate assumptions(6,233)89 (6,144)Effect of foreign exchange on the change in discount rate assumptions(1)6 5 Ending balance, present value of expected future policy benefits45,001 3,371 48,372 Less: Present value of expected net premiums— 1,182 1,182 Net future policy benefits$45,001 $2,189 $47,190 Weighted-average liability duration (in years)9.533.5Weighted-average interest accretion rate3.6 %4.8 %Weighted-average current discount rate5.1 %4.1 %Expected future gross premiums, undiscounted$— $1,497 Expected future gross premiums, discounted 2— 1,239 Expected future benefit payments, undiscounted75,261 11