Company: APO
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001858681-25-000139
Chunk: 305

Company: Apollo Global Management, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 305
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 $62,734 $70,053 2.0% – < 4.0%6,873 424 1,690 8,987 4.0% – < 6.0%3,296 8 1 3,305 6.0% and greater3 — — 3 Total traditional deferred annuities$14,779 $3,144 $64,425 $82,348 Indexed annuities< 2.0%$1,899 $1,355 $3,078 $6,332 2.0% – < 4.0%4,658 35 68 4,761 Total indexed annuities with GMCR6,557 1,390 3,146 11,093 Other185,679 Total indexed annuities$96,772 1 Includes account value allocated to an indexed strategy or other amounts without a GMCR.Note: The amounts presented in this table have been revised to conform with the current year presentation to provide certain product-level detail and account value allocated to an indexed strategy or other amounts without a GMCR.

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

Future policy benefits – Future policy benefits consist primarily of payout annuities, including single premium immediate annuities with life contingencies (which include pension group annuities with life contingencies), and whole life insurance contracts.The following is a rollforward by product within future policy benefits:Nine months ended September 30, 2025(In millions, except percentages and years)Payout Annuities with Life ContingenciesWhole LifeTotalPresent value of expected net premiumsBeginning balance$— $880 $880 Effect of changes in discount rate assumptions— (30)(30)Effect of foreign exchange on the change in discount rate assumptions— 2 2 Beginning balance at original discount rate— 852 852 Effect of changes in cash flow assumptions— 54 54 Effect of actual to expected experience— (14)(14)Adjusted balance— 892 892 Issuances— 15 15 Interest accrual— 15 15 Net premium collected— (139)(139)Foreign exchange— 54 54 Other— 10 10 Ending balance at original discount rate—