Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 262

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 262
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1,082 (16)— — — 1,066 (16)— Funds withheld at interest – embedded derivative(721)4 — — — (717)— — Other investments343 (8)— — — 335 (8)— Reinsurance recoverable1,367 (48)— 199 — 1,518 — — Assets of consolidated VIEsTrading securities1,852 (51)— 69 6 1,876 (52)— Mortgage loans2,173 (49)— (4)— 2,120 (49)— Investment funds977 (65)— 1 — 913 (64)— Other investments 101 (4)— 16 — 113 (3)— Total Level 3 assets – Retirement Services$70,370 $(422)$(8)$19,812 $(678)$89,074 $(484)$(1)Liabilities – Asset ManagementContingent consideration obligations$93 $65 $— $(99)$— $59 $— $— Total Level 3 liabilities – Asset Management$93 $65 $— $(99)$— $59 $— $— Liabilities – Retirement ServicesInterest sensitive contract liabilitiesEmbedded derivative$(9,059)$(995)$— $(1,180)$— $(11,234)$— $— Universal life benefits(834)65 — — — (769)— — Future policy benefitsAmerUs Closed Block(1,178)58 — — — (1,120)— — ILICO Closed Block and life benefits(522)(7)— — — (529)— — Derivative liabilities(1)— — — — (1)— — Other liabilities(330)(37)— 50 64 (253)— — Total Level 3 liabilities – Retirement Services$(11,924)$(916)$— $(1,130)$64 $(13,906)$— $— (Concluded)1 Related to instruments held at end of period.

50

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

The following represents the gross components of