Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 1

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1A
Chunk 1
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— $— $4,079 Due to related parties1,013 — (253)760 Debt4,280 — — 4,280 Liabilities of consolidated variable interest entitiesDebt, at fair value— 175 (175)— Other liabilities — 1,155 (107)1,048 9,372 1,330 (535)10,167 Retirement ServicesInterest sensitive contract liabilities292,238 — — 292,238 Future policy benefits49,400 — — 49,400 Market risk benefits4,489 — — 4,489 Debt7,864 — — 7,864 Payables for collateral on derivatives and securities to repurchase7,260 — — 7,260 Other liabilities12,517 — — 12,517 Liabilities of consolidated variable interest entitiesOther liabilities30 1,730 (6)1,754 373,798 1,730 (6)375,522 Total Liabilities383,170 3,060 (541)385,689 Commitments and Contingencies (note 16)EquityMandatory Convertible Preferred Stock1,398 — — 1,398 Additional paid in capital15,657 40 — 15,697 Retained earnings (accumulated deficit)5,938 17,704 (17,723)5,919 Accumulated other comprehensive income (loss)(3,689)33 (37)(3,693)Total AGM Stockholders’ Equity19,304 17,777 (17,760)19,321 Non-controlling interests6,955 7,403 182 14,540 Total Equity26,259 25,180 (17,578)33,861 Total Liabilities and Equity$409,429 $28,240 $(18,119)$419,550 (Concluded)

97

December 31, 2024(In millions)Apollo Global Management, Inc. and Consolidated SubsidiariesConsolidated Funds and VIEsEliminationsConsolidatedAssetsAsset ManagementCash and cash equivalents$2,692 $— $— $2,692 Restricted cash and cash equivalents3 — — 3 Investments6,558 — (472