Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 283

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 283
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,449 — 6,404 The following is a reconciliation of interest sensitive contract liabilities to the condensed consolidated statements of financial condition:June 30,(In millions)20252024Traditional deferred annuities$100,836 $76,239 Indexed annuities101,322 95,829 Funding agreements75,228 41,288 Other investment-type8,856 7,647 Reconciling items15,996 7,386 Interest sensitive contract liabilities$292,238 $228,389 1 Reconciling items primarily include embedded derivatives in indexed annuities, unaccreted host contract adjustments on indexed annuities, negative VOBA, sales inducement liabilities, and wholly ceded universal life insurance contracts.

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

The following represents policyholder account balances by range of guaranteed minimum crediting rates (“GMCR”), as well as the related range of the difference between rates being credited to policyholders and the respective guaranteed minimums. Athene’s funding agreements and other investment-type products provide Athene little to no discretionary ability to change the rates of interest payable to the respective policyholder or institution, and as a result, those policyholder account balances are excluded from the following tables.June 30, 2025(In millions)At Guaranteed Minimum1 Basis Point – 100 Basis Points Above Guaranteed MinimumGreater than 100 Basis Points Above Guaranteed MinimumTotalTraditional deferred annuities< 2.0%$5,071 $1,857 $80,432 $87,360 2.0% – < 4.0%5,962 610 2,598 9,170 4.0% – < 6.0%4,300 2 1 4,303 6.0% and greater3 — — 3 Total traditional deferred annuities$15,336 $2,469 $83,031 $100,836 Indexed annuities< 2.0%$1,544 $1,182 $3,280 $6,006 2.0% – < 4.0%4,070 37 — 4,107 Total indexed annuities with GMCR5,614 1,219 3,280 10,