Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 286

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 286
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 value of expected net premiumsBeginning balance$— $1,182 $1,182 Effect of changes in discount rate assumptions— (45)(45)Effect of foreign exchange on the change in discount rate assumptions— (2)(2)Beginning balance at original discount rate— 1,135 1,135 Effect of actual to expected experience— (6)(6)Adjusted balance— 1,129 1,129 Interest accrual— 11 11 Net premium collected— (98)(98)Foreign exchange— (135)(135)Ending balance at original discount rate— 907 907 Effect of changes in discount rate assumptions— 38 38 Effect of foreign exchange on the change in discount rate assumptions— (3)(3)Ending balance, present value of expected net premiums$— $942 $942 Present value of expected future policy benefitsBeginning balance$45,001 $3,371 $48,372 Effect of changes in discount rate assumptions6,233 (89)6,144 Effect of foreign exchange on the change in discount rate assumptions1 (6)(5)Beginning balance at original discount rate51,235 3,276 54,511 Effect of actual to expected experience(29)(9)(38)Adjusted balance51,206 3,267 54,473 Issuances670 — 670 Interest accrual901 35 936 Benefit payments(2,243)(44)(2,287)Foreign exchange(6)(404)(410)Ending balance at original discount rate50,528 2,854 53,382 Effect of changes in discount rate assumptions(7,537)(45)(7,582)Effect of foreign exchange on the change in discount rate assumptions1 (1)— Ending balance, present value of expected future policy benefits42,992 2,808 45,800 Less: Present value of expected net premiums— 942 942 Net future policy benefits$42,992 $1,866 $44,858 Weighted-average liability duration (in years)9.432.2Weighted-average interest accretion rate3.7 %4.8 %Weighted-average current discount rate5.6 %4.4 %Expected future gross premiums, undiscounted$— $1,201 Expected future gross premiums, discounted1— 992 Expected