Company: APO
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001858681-25-000139
Chunk: 148

Company: Apollo Global Management, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 148
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 — — 1,106 40 — Funds withheld at interest – embedded derivative(717)187 — — — (530)— — Other investments335 13 — — — 348 13 — Reinsurance recoverable1,518 99 — 93 — 1,710 — — Assets of consolidated VIEsTrading securities1,876 82 — 34 (54)1,938 82 — Mortgage loans2,120 51 — 55 — 2,226 51 — Investment funds913 (1)— 338 (432)818 (1)— Other investments113 4 — 37 — 154 4 — Total Level 3 assets – Retirement Services$89,074 $2,358 $480 $7,674 $(848)$98,738 $1,400 $469 Liabilities – Asset ManagementContingent consideration obligations$59 $3 $— $(6)$— $56 $— $— Total Level 3 liabilities – Asset Management$59 $3 $— $(6)$— $56 $— $— Liabilities – Retirement ServicesInterest sensitive contract liabilitiesEmbedded derivative$(11,234)$(275)$— $(487)$— $(11,996)$— $— Universal life benefits(769)(51)— — — (820)— — Future policy benefitsAmerUs Closed Block(1,120)(46)— — — (1,166)— — ILICO Closed Block and life benefits(529)(16)— — — (545)— — Derivative liabilities(1)— — — — (1)— — Other liabilities(253)(86)— 2 — (337)— — Total Level 3 liabilities – Retirement Services$(13,906)$(474)$— $(485)$— $(14,865)$— $— (Concluded)1 Related to instruments held at end of period.

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

Nine months ended September 30, 2025Total realized and unreal