Company: APO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001858681-25-000034
Chunk: 196

Company: Apollo Global Management, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 196
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 — 1,661 — — Assets of consolidated VIEsTrading securities1,852 (80)— 50 132 1,954 (87)— Mortgage loans2,173 (62)— 447 21 2,579 (64)— Investment funds977 (68)— 331 (470)770 (16)— Other investments101 (10)— 32 (20)103 (9)— Total Level 3 assets – Retirement Services$70,370 $(24)$(56)$35,588 $(1,854)$104,024 $(411)$(69)(Continued)

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Table of ContentsAPOLLO GLOBAL MANAGEMENT, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Year ended December 31, 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 OCI1Liabilities – Asset ManagementContingent consideration obligations$93 $79 $— $(105)$— $67 $— $— Total Level 3 liabilities – Asset Management$93 $79 $— $(105)$— $67 $— $— Liabilities – Retirement ServicesInterest sensitive contract liabilitiesEmbedded derivative$(9,059)$(174)$— $(2,009)$— $(11,242)$— $— Universal life benefits(834)92 — — — (742)— — Future policy benefitsAmerUs Closed Block(1,178)76 — — — (1,102)— — ILICO Closed Block and life benefits(522)(16)— — — (538)— — Derivative liabilities(1)— — — — (1)— — Other liabilities(330)(13)— 54 64 (225)— — Total Level 3 liabilities – Retirement Services$(11,924)$(35)$— $(1,955)$64 $(13,850)$— $— (Concluded)1 Related to instruments held at end of period.

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Table of ContentsAPOLLO GLOBAL MANAGEMENT