Company: APO
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001858681-25-000139
Chunk: 120

Company: Apollo Global Management, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 120
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(56)1,773 (315)3,641 (371)RMBS825 (13)1,261 (157)2,086 (170)Total AFS securities38,166 (1,267)58,522 (13,701)96,688 (14,968)AFS securities – related partiesCorporate471 (4)365 (26)836 (30)CLO586 (10)544 (56)1,130 (66)ABS2,533 (43)3,355 (235)5,888 (278)Total AFS securities – related parties3,590 (57)4,264 (317)7,854 (374)Total AFS securities, including related parties$41,756 $(1,324)$62,786 $(14,018)$104,542 $(15,342)The following summarizes the number of AFS securities that were in an unrealized loss position, including related parties, for which an allowance for credit losses has not been recorded:September 30, 2025Unrealized Loss PositionUnrealized Loss Position 12 Months or MoreAFS securities6,278 5,383 AFS securities – related parties150 72 The unrealized losses on AFS securities can primarily be attributed to changes in market interest rates since acquisition. Athene did not recognize the unrealized losses in income, unless as required for hedge accounting, as it intends to hold these securities and it is not more likely than not it will be required to sell a security before the recovery of its amortized cost. Allowance for Credit LossesThe following table summarizes the activity in the allowance for credit losses for AFS securities by asset type:Three months ended September 30, 2025AdditionsReductions(In millions)Beginning balanceInitial credit lossesSecurities sold during the periodAdditions (reductions) to previously impaired securitiesEnding balanceAFS securitiesCorporate$174 $— $(22)$(1)$151 ABS130 — — 30 160 CMBS62 2 — 3 67 RMBS394 2 (3)11 404 Total AFS securities760 4 (25)43 782 AFS securities – related parties, ABS1 — — — 1 Total AFS securities, including related parties$761 $4