Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 146

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 146
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$(85)$(85)$— $— $— Total Level 3 liabilities – Asset Management$— $— $— $(85)$(85)$— $— $— Liabilities – Retirement ServicesInterest sensitive contract liabilities - embedded derivative$— $(760)$— $252 $(508)$— $— $— Other liabilities— — — 3 3 — — — Total Level 3 liabilities – Retirement Services$— $(760)$— $255 $(505)$— $— $— 

52

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

Six months ended June 30, 2025(In millions)PurchasesIssuancesSalesSettlementsNet Purchases, Issuances, Sales and SettlementsTransfers InTransfers OutNet Transfers In (Out)Assets – Asset ManagementInvestments and derivative assets$29 $— $(10)$— $19 $— $— $— Investments of consolidated VIEs1,289 — (1,296)— (7)— (667)(667)Total Level 3 assets – Asset Management$1,318 $— $(1,306)$— $12 $— $(667)$(667)Assets – Retirement ServicesAFS securitiesForeign governments$— $— $— $(5)$(5)$— $— $— Corporate3,427 — (6)(350)3,071 126 (274)(148)ABS2,792 — (23)(924)1,845 479 (5,187)(4,708)CMBS28 — — — 28 13 (14)(1)RMBS297 — — (16)281 — (49)(49)Trading securities11 — — (1)10 — (14)(14)Equity securities— — — (18)(18)— — — Mortgage loans17,760 — (172)(5,310)12,278 — — — Short-term investments12 — — (168)(156)— (1)(1)Other investments—