Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 166

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 166
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 in discount rate assumptions(28)(24)(52)Ending balance, present value of expected future policy benefits41,926 2,597 44,523 Less: Present value of expected net premiums— 868 868 Net future policy benefits$41,926 $1,729 $43,655 Weighted-average liability duration (in years)9.429.4Weighted-average interest accretion rate3.7 %4.8 %Weighted-average current discount rate5.3 %5.1 %Expected future gross premiums, undiscounted$— $1,064 Expected future gross premiums, discounted1— 919 Expected future benefit payments, undiscounted70,754 10,085 1 Discounted at the original discount rate.

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

Six months ended June 30, 2024(In millions, except percentages and years)Payout Annuities with Life ContingenciesWhole LifeTotalPresent value of expected net premiumsBeginning balance$— $1,182 $1,182 Effect of changes in discount rate assumptions— (45)(45)Effect of foreign exchange on the change in discount rate assumptions— (2)(2)Beginning balance at original discount rate— 1,135 1,135 Effect of actual to expected experience— (6)(6)Adjusted balance— 1,129 1,129 Interest accrual— 11 11 Net premium collected— (98)(98)Foreign exchange— (135)(135)Ending balance at original discount rate— 907 907 Effect of changes in discount rate assumptions— 38 38 Effect of foreign exchange on the change in discount rate assumptions— (3)(3)Ending balance, present value of expected net premiums$— $942 $942 Present value of expected future policy benefitsBeginning balance$45,001 $3,371 $48,372 Effect of changes in discount rate assumptions6,233 (89)6,144 Effect of foreign exchange on the change in discount rate assumptions1 (6)(5)Beginning balance at original discount rate51,235 3,276 54,511 Effect of actual to expected experience(29)(9)(38)Adjusted balance51,206 3,267