Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 142

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 142
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 TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Six months ended June 30, 2024Total realized and unrealized gains (losses)(In millions)Beginning BalanceIncluded in IncomeIncluded in OCINet Purchases, Issuances, Sales and SettlementsNet Transfers In (Out)Ending BalanceTotal Gains (Losses) Included in Earnings1Total Gains (Losses) Included in OCI1Investments in related partiesAFS securitiesCorporate1,171 1 21 1 — 1,194 — 21 CLO506 — 15 — — 521 — 15 ABS7,826 18 (53)2,789 — 10,580 (6)(55)Trading securities838 (1)— (118)— 719 (1)— Equity securities255 (8)— — — 247 (7)— Mortgage loans1,281 2 — 37 — 1,320 2 — Investment funds1,082 (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 Services