Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 107

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 107
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(In millions)Amortized CostAllowance for Credit LossesGross Unrealized GainsGross Unrealized LossesFair ValueAFS securitiesU.S. government and agencies$10,117 $— $67 $(1,161)$9,023 U.S. state, municipal and political subdivisions1,068 — — (228)840 Foreign governments2,260 — 52 (560)1,752 Corporate103,597 (174)1,237 (10,097)94,563 CLO30,620 — 868 (100)31,388 ABS27,405 (130)563 (476)27,362 CMBS13,854 (62)102 (394)13,500 RMBS10,716 (394)322 (322)10,322 Total AFS securities199,637 (760)3,211 (13,338)188,750 AFS securities – related partiesCorporate2,189 — 21 (18)2,192 CLO7,384 — 163 (9)7,538 ABS12,003 (1)36 (229)11,809 Total AFS securities – related parties21,576 (1)220 (256)21,539 Total AFS securities, including related parties$221,213 $(761)$3,431 $(13,594)$210,289 

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

December 31, 2024(In millions)Amortized CostAllowance for Credit LossesGross Unrealized GainsGross Unrealized LossesFair ValueAFS securitiesU.S. government and agencies$8,413 $— $8 $(1,270)$7,151 U.S. state, municipal and political subdivisions1,167 — — (246)921 Foreign governments2,082 — — (514)1,568 Corporate95,006 (175)485 (11,731)83,585 CLO29,524 — 266 (608)29,182 ABS24,779 (76)138 (640)24,201 CMBS11,158