Company: APO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001858681-25-000034
Chunk: 2

Company: Apollo Global Management, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8A
Chunk 2
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$2,748 Restricted cash and cash equivalents2 — — 2 Investments5,673 — (171)5,502 Assets of consolidated variable interest entitiesCash and cash equivalents— 62 — 62 Investments— 1,690 (50)1,640 Other assets— 204 (27)177 Due from related parties464 — (15)449 Goodwill264 — — 264 Other assets2,331 — — 2,331 11,482 1,956 (263)13,175 Retirement ServicesCash and cash equivalents13,020 — — 13,020 Restricted cash and cash equivalents1,761 — — 1,761 Investments213,099 — — 213,099 Investments in related parties39,194 — (13,352)25,842 Assets of consolidated variable interest entitiesCash and cash equivalents— 98 — 98 Investments1,453 18,886 (107)20,232 Other assets9 101 — 110 Reinsurance recoverable4,154 — — 4,154 Deferred acquisition costs, deferred sales inducements and value of business acquired5,979 — — 5,979 Goodwill4,065 — — 4,065 Other assets11,996 — (43)11,953 294,730 19,085 (13,502)300,313 Total Assets$306,212 $21,041 $(13,765)$313,488 (Continued)

255

December 31, 2023(In millions)Apollo Global Management, Inc. and Consolidated SubsidiariesConsolidated Funds and VIEsEliminationsConsolidatedLiabilities, Redeemable non-controlling interests and EquityLiabilitiesAsset ManagementAccounts payable, accrued expenses, and other liabilities$3,333 $5 $— $3,338 Due to related parties897 — (27)870 Debt3,883 — — 3,883 Liabilities of consolidated variable interest entitiesOther liabilities — 1,145 — 1,145 8,113 1,150 (27)9,236 Retirement ServicesInterest sensitive contract liabilities204,670 —