Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 308

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 308
---
628 34 (7)(169)Less: Reclassification adjustments for gains (losses) realized164 (6)13 — — — 71 Less: Income tax expense (benefit)(229)32 18 128 8 (1)(44)Less: Other comprehensive income (loss) attributable to non-controlling interests, net of tax(193)(5)20 161 4 (3)(16)Balance at June 30, 2024$(9,674)$(277)$(82)$4,218 $5 $(10)$(5,820)1 Recognized in investment related gains (losses) on the condensed consolidated statements of operations.

80

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

(In millions)Unrealized investment gains (losses) on AFS securities without a credit allowanceUnrealized investment gains (losses) on AFS securities with a credit allowanceUnrealized gains (losses) on hedging instrumentsRemeasurement gains (losses) on future policy benefits related to discount rateRemeasurement gains (losses) on market risk benefits related to credit riskForeign currency translation and other adjustmentsAccumulated other comprehensive income (loss)Balance at December 31, 2024$(9,174)$(284)$(119)$4,235 $(103)$(49)$(5,494)Other comprehensive income (loss) before reclassifications2,596 31 240 (573)(19)224 2,499 Less: Reclassification adjustments for gains (losses) realized1(268)(3)19 — — — (252)Less: Income tax expense (benefit)580 5 46 (116)(4)28 539 Less: Other comprehensive income (loss) attributable to non-controlling interests, net of tax494 15 82 (265)(3)88 411 Balance at June 30, 2025$(7,384)$(270)$(26)$4,043 $(115)$59 $(3,693)1 Recognized in investment related gains (losses) on the condensed consolidated statements of operations.(In millions)Unrealized investment gains (losses) on AFS securities without a credit allowanceUnrealized investment gains (losses) on A