Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 167

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 167
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 other retirement services revenue3(431)2,018 Change in fair value of reinsurance assets63 10 Forward points adjustment on FX derivative hedges(24)(51)Held-for-trading amortization29 35 Reinsurance impacts40 64 ACRA non-controlling interests on net investment earnings1,074 868 Other retirement services adjustments(17)(69)Total Revenues$5,548 $7,040 1 Represents advisory fees, management fees and performance fees earned from consolidated VIEs which are eliminated in consolidation. Includes non-cashrevenues related to equity awards granted by unconsolidated related parties to employees of the Company and certain compensation and administrative related expense reimbursements.2 Represents adjustments that primarily impact the Principal Investing segment.3 Refer to the consolidated statement of operations for breakout of individual items.The following table presents the reconciliation of the Company’s total reportable segment assets to total assets:(In millions)March 31, 2025December 31, 2024Total reportable segment assets$385,961 $368,442 Adjustments19,084 9,453 Total assets$395,045 $377,895 1 Represents the addition of assets of consolidated funds and VIEs and consolidation elimination adjustments.

18. Subsequent EventsDividendsOn May 2, 2025, the Company declared a cash dividend of $0.51 per share of common stock, which will be paid on May 30, 2025 to holders of record at the close of business on May 16, 2025.On May 2, 2025, the Company also declared and set aside for payment a cash dividend of $0.8438 per share of its Mandatory Convertible Preferred Stock, which will be paid on July 31, 2025 to holders of record at the close of business on July 15, 2025.

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Table of Contents

ITEM 1A. UNAUDITED SUPPLEMENTAL PRESENTATION OF STATEMENTS OF FINANCIAL CONDITION

March 31, 2025(In millions)Apollo Global Management, Inc. and Consolidated SubsidiariesConsolidated Funds and VIEsEliminationsConsolidatedAssetsAsset ManagementCash and cash equivalents$1,871 $— $— $1,871 Restricted cash and cash equivalents3 — — 3 Investments7,052 — (461)6,591 Assets of consolidated