Company: APO
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001858681-25-000139
Chunk: 1

Company: Apollo Global Management, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1A
Chunk 1
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 interests and EquityLiabilitiesAsset ManagementAccounts payable, accrued expenses, and other liabilities$4,326 $— $— $4,326 Due to related parties1,293 — (124)1,169 Debt4,775 — — 4,775 Liabilities of consolidated variable interest entitiesDebt, at fair value— 176 (176)— Accounts payable, accrued expenses, and other liabilities147 3,047 (90)3,104 10,541 3,223 (390)13,374 Retirement ServicesInterest sensitive contract liabilities309,737 — — 309,737 Future policy benefits49,006 — — 49,006 Market risk benefits4,835 — — 4,835 Debt7,856 — — 7,856 Payables for collateral on derivatives and securities to repurchase9,066 — — 9,066 Other liabilities14,180 — — 14,180 Liabilities of consolidated variable interest entitiesOther liabilities31 1,669 (8)1,692 394,711 1,669 (8)396,372 Total Liabilities405,252 4,892 (398)409,746 Commitments and Contingencies (note 17)EquityMandatory Convertible Preferred Stock1,398 — — 1,398 Additional paid in capital16,885 40 — 16,925 Retained earnings (accumulated deficit)7,400 18,455 (18,549)7,306 Accumulated other comprehensive income (loss)(2,487)30 (35)(2,492)Total AGM Stockholders’ Equity23,196 18,525 (18,584)23,137 Non-controlling interests8,189 8,274 197 16,660 Total Equity31,385 26,799 (18,387)39,797 Total Liabilities and Equity$436,637 $31,691 $(18,785)$449,543 (Concluded)1 Certain investment managers and general partners of the funds managed by the Company are VIEs. Such investment managers and general partners have other equity investors at risk that do not have the ability to make significant decisions related to the entity’s operations. The assets and liabilities of