Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 277

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 277
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 LossesFair ValueGross Unrealized LossesAFS securitiesU.S. government and agencies$3,010 $(114)$3,462 $(1,156)$6,472 $(1,270)U.S. state, municipal and political subdivisions67 (3)842 (243)909 (246)Foreign governments830 (205)738 (309)1,568 (514)Corporate19,530 (673)44,051 (10,997)63,581 (11,670)CLO2,675 (48)2,325 (215)5,000 (263)ABS9,361 (155)4,070 (309)13,431 (464)CMBS1,868 (56)1,773 (315)3,641 (371)RMBS825 (13)1,261 (157)2,086 (170)Total AFS securities38,166 (1,267)58,522 (13,701)96,688 (14,968)AFS securities – related partiesCorporate471 (4)365 (26)836 (30)CLO586 (10)544 (56)1,130 (66)ABS2,533 (43)3,355 (235)5,888 (278)Total AFS securities – related parties3,590 (57)4,264 (317)7,854 (374)Total AFS securities, including related parties$41,756 $(1,324)$62,786 $(14,018)$104,542 $(15,342)The following summarizes the number of AFS securities that were in an unrealized loss position, including related parties, for which an allowance for credit losses has not been recorded:March 31, 2025Unrealized Loss PositionUnrealized Loss Position 12 Months or MoreAFS securities7,495 5,728 AFS securities – related parties160 69 The unrealized losses on AFS securities can primarily be attributed to changes in market interest rates since acquisition. Athene did not recognize the unrealized losses in income, unless as required for hedge accounting, as it intends to hold these securities and it is not more likely than not it will be required to sell a security before the recovery of its amortized cost. Allowance