Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 257

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 257
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ized 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 securitiesCorporate1,175 — 22 (3)— 1,194 — 22 CLO520 — 1 — — 521 — 1 ABS10,043 17 (39)559 — 10,580 (1)(40)Trading securities781 (1)— (61)— 719 (1)— Equity securities249 (2)— — — 247 (2)— Mortgage loans1,263 19 — 38 — 1,320 19 — Investment funds1,067 (1)— — — 1,066 (1)— Funds withheld at interest – embedded derivative(723)6 — — — (717)— — Other investments336 (1)— — — 335 (1)— Reinsurance recoverable1,468 (40)— 90 — 1,518 — — Assets of consolidated VIEsTrading securities1,770 (18)— 124 — 1,876 (18)— Mortgage loans2,147 (7)— (20)— 2,120 (7)— Investment funds951 (38)— — — 913 (38)— Other investments115 (2)— — — 113 (2)— Total Level 3 assets – Retirement Services$77,796 $61 $(22)$12,029 $(790)$89,074 $13 $(13)Liabilities – Asset ManagementContingent consideration obligations$127 $17 $— $(85)$— $59 $— $— Total Level 3 liabilities – Asset Management$127 $17 $— $(85)$— $59 $— $— Liabilities – Retirement ServicesInterest sensitive contract liabilitiesEmbedded derivative$(10,908)$182 $— $(508)$— $(11,234)$— $— Universal life benefits(788)19 — —