Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 42

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 2
Chunk 42
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 to the policyholder and credit interest based on a percentage of the gain in a specific market index. Athene also uses derivative instruments, such as forward contracts and swaps, to hedge foreign currency exposure resulting from foreign denominated assets and liabilities and to help manage its net floating rate position.

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Net Invested Assets

The following summarizes Athene’s net invested assets:

March 31, 2025December 31, 2024(In millions, except percentages)Net Invested Asset Value1Percentage of TotalNet Invested Asset Value1Percentage of TotalCorporate$88,164 33.6 %$86,051 34.6 %CLO28,094 10.7 %27,698 11.2 %Credit116,258 44.3 %113,749 45.8 %CML29,359 11.2 %28,055 11.3 %RML31,291 11.9 %27,848 11.2 %RMBS8,036 3.1 %7,635 3.1 %CMBS9,150 3.5 %8,243 3.3 %Real estate77,836 29.7 %71,781 28.9 %ABS29,082 11.1 %28,670 11.5 %Alternative investments13,012 5.0 %12,000 4.8 %State, municipal, political subdivisions and foreign government3,161 1.2 %3,237 1.3 %Equity securities2,068 0.8 %2,201 0.9 %Short-term investments802 0.3 %1,015 0.4 %U.S. government and agencies7,220 2.7 %5,531 2.2 %Other investments55,345 21.1 %52,654 21.1 %Cash and cash equivalents9,192 3.5 %6,794 2.7 %Other3,736 1.4 %3,665 1.5 %Net invested assets$262,367 100.0 %$248,643 100.0 %1 See “Managing Business Performance - Key Segment and Non-U.S. GAAP Performance Measures” for the definition of net invested assets.

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