Company: APO
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001858681-25-000139
Chunk: 282

Company: Apollo Global Management, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 282
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 904 (7)— (Continued)

54

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

Nine months ended September 30, 2024Total realized and unrealized gains (losses)(In millions)Beginning BalanceIncluded in IncomeIncluded in OCINet Purchases, Issuances, Sales and SettlementsNet Transfers In (Out)Ending BalanceTotal Gains (Losses) Included in Earnings1Total Gains (Losses) Included in OCI1Investments in related partiesAFS securitiesCorporate1,171 (2)33 (2)(154)1,046 — 18 CLO506 — 17 42 — 565 — 18 ABS7,826 46 22 1,915 — 9,809 2 20 Trading securities838 (1)— (218)— 619 (2)— Equity securities255 2 — — — 257 2 — Mortgage loans1,281 41 — 23 — 1,345 (41)— Investment funds1,082 24 — — — 1,106 24 — Funds withheld at interest – embedded derivative(721)191 — — — (530)— — Other investments343 5 — — — 348 5 — Reinsurance recoverable1,367 51 — 292 — 1,710 — — Assets of consolidated VIEsTrading securities1,852 31 — 103 (48)1,938 30 — Mortgage loans2,173 2 — 51 — 2,226 2 — Investment funds977 (66)— 339 (432)818 (66)— Other investments 101 — — 53 — 154 1 — Total Level 3 assets – Retirement Services$70,370 $1,936 $472 $27,486 $(1,526)$98,738 $915 $464 Liabilities – Asset ManagementContingent consideration obligations$93 $68 $— $(105)$— $56 $— $— Total Level 3