Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 284

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 284
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113 Other191,209 Total indexed annuities$101,322 1 Includes account value allocated to an indexed strategy or other amounts without a GMCR.June 30, 2024(In millions)At Guaranteed Minimum1 Basis Point – 100 Basis Points Above Guaranteed MinimumGreater than 100 Basis Points Above Guaranteed MinimumTotalTraditional deferred annuities< 2.0%$4,003 $3,029 $56,813 $63,845 2.0% – < 4.0%7,127 434 1,466 9,027 4.0% – < 6.0%3,354 9 1 3,364 6.0% and greater3 — — 3 Total traditional deferred annuities$14,487 $3,472 $58,280 $76,239 Indexed annuities< 2.0%$2,069 $1,492 $2,962 $6,523 2.0% – < 4.0%4,826 53 17 4,896 Total indexed annuities with GMCR6,895 1,545 2,979 11,419 Other184,410 Total indexed annuities$95,829 1 Includes account value allocated to an indexed strategy or other amounts without a GMCR.Note: The amounts presented in this table have been revised to conform with the current year presentation to provide certain product-level detail and account value allocated to an indexed strategy or other amounts without a GMCR.

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

Future policy benefits – Future policy benefits consist primarily of payout annuities, including single premium immediate annuities with life contingencies (which include pension group annuities with life contingencies), and whole life insurance contracts.The following is a rollforward by product within future policy benefits:Six months ended June 30, 2025(In millions, except percentages and years)Payout Annuities with Life ContingenciesWhole LifeTotalPresent value of expected net premiumsBeginning balance$— $880 $880 Effect of changes in discount rate assumptions— (30)(30)Effect of foreign exchange on the change in discount rate assumptions— 2 2 Beginning balance at original discount rate— 852