Company: APO
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001858681-25-000139
Chunk: 307

Company: Apollo Global Management, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 307
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,182 Effect of changes in discount rate assumptions— (45)(45)Effect of foreign exchange on the change in discount rate assumptions— (2)(2)Beginning balance at original discount rate— 1,135 1,135 Effect of actual to expected experience— (4)(4)Adjusted balance— 1,131 1,131 Interest accrual— 17 17 Net premium collected— (144)(144)Foreign exchange— (28)(28)Ending balance at original discount rate— 976 976 Effect of changes in discount rate assumptions— 41 41 Effect of foreign exchange on the change in discount rate assumptions— 1 1 Ending balance, present value of expected net premiums$— $1,018 $1,018 Present value of expected future policy benefitsBeginning balance$45,001 $3,371 $48,372 Effect of changes in discount rate assumptions6,233 (89)6,144 Effect of foreign exchange on the change in discount rate assumptions1 (6)(5)Beginning balance at original discount rate51,235 3,276 54,511 Effect of changes in cash flow assumptions(104)— (104)Effect of actual to expected experience(89)(4)(93)Adjusted balance51,042 3,272 54,314 Issuances1,010 — 1,010 Interest accrual1,353 52 1,405 Benefit payments(3,355)(66)(3,421)Foreign exchange33 (64)(31)Ending balance at original discount rate50,083 3,194 53,277 Effect of changes in discount rate assumptions(5,362)46 (5,316)Effect of foreign exchange on the change in discount rate assumptions(16)(3)(19)Ending balance, present value of expected future policy benefits44,705 3,237 47,942 Less: Present value of expected net premiums— 1,018 1,018 Net future policy benefits$44,705 $2,219 $46,924 Weighted-average liability duration (in years)9.431.3Weighted-average interest accretion rate3.7 %4.8 %Weighted-average current discount rate5.0 %4.0 %Expected future gross premiums, undiscounted$— $1,