Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 270

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 270
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 mortgage loan portfolio 90 days or more past due and/or in non-accrual status:(In millions)June 30, 2025December 31, 2024Unpaid principal balance of commercial mortgage loans 90 days or more past due and/or in non-accrual status$614 $195 Mark to fair value of commercial mortgage loans 90 days or more past due and/or in non-accrual status(257)(102)Fair value of commercial mortgage loans 90 days or more past due and/or in non-accrual status$357 $93 Fair value of commercial mortgage loans 90 days or more past due$108 $31 Fair value of commercial mortgage loans in non-accrual status357 93 

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

The following represents the residential mortgage loan portfolio 90 days or more past due and/or in non-accrual status:(In millions)June 30, 2025December 31, 2024Unpaid principal balance of residential mortgage loans 90 days or more past due and/or in non-accrual status$743 $898 Mark to fair value of residential mortgage loans 90 days or more past due and/or in non-accrual status(69)(51)Fair value of residential mortgage loans 90 days or more past due and/or in non-accrual status$674 $847 Fair value of residential mortgage loans 90 days or more past due1$674 $847 Fair value of residential mortgage loans in non-accrual status611 765 1 As of June 30, 2025 and December 31, 2024, includes $63 million and $82 million, respectively, of residential mortgage loans that are guaranteed by U.S. government-sponsored agencies.The following is the estimated amount of gains (losses) included in earnings during the period attributable to changes in instrument-specific credit risk on Athene’s mortgage loan portfolio:Three months ended June 30,Six months ended June 30,(In millions)2025202420252024Mortgage loans$(20)$3 $(23)$(30)The portion of gains and losses attributable to changes in instrument-specific credit risk is estimated by identifying commercial mortgage loans with loan-to-value ratios meeting credit quality criteria, and residential mortgage loans with del