Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 162

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 162
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es and withdrawals (surrenders).

8. Long-duration ContractsInterest sensitive contract liabilities – Interest sensitive contract liabilities primarily include:▪traditional deferred annuities,▪indexed annuities consisting of fixed indexed, index-linked variable annuities, and assumed indexed universal life without significant mortality risk,▪funding agreements, and▪other investment-type contracts comprising of immediate annuities without significant mortality risk (which includes pension group annuities without life contingencies), guaranteed investment contracts, and assumed endowments without significant mortality risks.

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

The following represents a rollforward of the policyholder account balance by product within interest sensitive contract liabilities. Where explicit policyholder account balances do not exist, the disaggregated rollforward represents the recorded reserve.Six months ended June 30, 2025(In millions, except percentages)Traditional Deferred AnnuitiesIndexed AnnuitiesFunding AgreementsOther Investment-typeTotalBalance at December 31, 2024$86,661 $97,861 $54,768 $8,030 $247,320 Deposits15,357 8,868 21,676 502 46,403 Policy charges(1)(382)— — (383)Surrenders and withdrawals(2,913)(5,601)— (36)(8,550)Benefit payments(703)(807)(3,906)(153)(5,569)Interest credited2,098 1,376 1,456 110 5,040 Foreign exchange337 7 1,021 437 1,802 Other— — 213 (34)179 Balance at June 30, 2025$100,836 $101,322 $75,228 $8,856 $286,242 Weighted average crediting rate4.6 %2.7 %4.6 %2.7 %Net amount at risk$420 $15,997 $— $39 Cash surrender value94,874 93,191 — 7,191 Six months ended June 30, 2024(In millions, except percentages)Traditional Deferred AnnuitiesIndexed AnnuitiesFunding AgreementsOther Investment-typeTotalBalance at December 31, 2023$