Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 342

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 342
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 Income (Loss)(In millions)Unrealized investment gains (losses) on AFS securities without a credit allowanceUnrealized investment gains (losses) on AFS securities with a credit allowanceUnrealized gains (losses) on hedging instrumentsRemeasurement gains (losses) on future policy benefits related to discount rateRemeasurement gains (losses) on market risk benefits related to credit riskForeign currency translation and other adjustmentsAccumulated other comprehensive income (loss)Balance at December 31, 2024$(9,174)$(284)$(119)$4,235 $(103)$(49)$(5,494)Other comprehensive income (loss) before reclassifications1,338 (37)239 (528)116 63 1,191 Less: Reclassification adjustments for gains (losses) realized1(191)— 10 — — — (181)Less: Income tax expense (benefit)312 (8)48 (110)24 7 273 Less: Other comprehensive income (loss) attributable to non-controlling interests, net of tax260 — 62 (169)12 23 188 Balance at March 31, 2025$(8,217)$(313)$— $3,986 $(23)$(16)$(4,583)1 Recognized in investment related gains (losses) on the condensed consolidated statements of operations.

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

(In millions)Unrealized investment gains (losses) on AFS securities without a credit allowanceUnrealized investment gains (losses) on AFS securities with a credit allowanceUnrealized gains (losses) on hedging instrumentsRemeasurement gains (losses) on future policy benefits related to discount rateRemeasurement gains (losses) on market risk benefits related to credit riskForeign currency translation and other adjustmentsAccumulated other comprehensive income (loss)Balance at December 31, 2023$(8,675)$(289)$(81)$3,458 $3 $9 $(5,575)Other comprehensive income (loss) before reclassifications(546)(145)(58)803 (28)(32)(6)Less: Reclassification adjustments for gains (losses) realized147 —