Company: APO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001858681-25-000034
Chunk: 120

Company: Apollo Global Management, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 120
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Investment income (loss)1,305 1,032 796 Incentive fees150 80 27 4,176 3,507 2,769 Retirement ServicesPremiums1,318 12,749 11,638 Product charges1,016 848 718 Net investment income15,718 12,080 8,148 Investment related gains (losses)2,045 1,428 (12,717)Revenues of consolidated variable interest entities1,822 1,441 440 Other revenues19 591 (28)21,938 29,137 8,199 Total Revenues26,114 32,644 10,968 ExpensesAsset ManagementCompensation and benefits2,608 2,722 1,943 Interest expense226 145 124 General, administrative and other1,170 872 682 4,004 3,739 2,749 Retirement ServicesInterest sensitive contract benefits8,949 6,229 538 Future policy and other policy benefits3,054 14,434 12,465 Market risk benefits remeasurement (gains) losses(102)404 (1,657)Amortization of deferred acquisition costs, deferred sales inducements and value of business acquired941 688 444 Policy and other operating expenses2,136 1,837 1,372 14,978 23,592 13,162 Total Expenses18,982 27,331 15,911 Other income (loss) – Asset ManagementNet gains (losses) from investment activities58 7 165 Net gains (losses) from investment activities of consolidated variable interest entities90 130 494 Other income (loss), net155 136 38 Total Other income (loss)303 273 697 Income (loss) before income tax (provision) benefit7,435 5,586 (4,246)Income tax (provision) benefit(1,062)923 739 Net income (loss)6,373 6,509 (3,507)Net (income) loss attributable to non-controlling interests(1,796)(1,462)1,546 Net income (loss) attributable to Apollo Global Management, Inc.4,577 5,047 (1,961)Preferred stock dividends(97)(