Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 77

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 77
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201 CMBS11,158 (60)75 (432)10,741 RMBS8,587 (397)228 (403)8,015 Total AFS securities180,716 (708)1,200 (15,844)165,364 AFS securities – related partiesCorporate2,150 — 18 (31)2,137 CLO6,130 — 18 (113)6,035 ABS10,899 (1)21 (288)10,631 Total AFS securities – related parties19,179 (1)57 (432)18,803 Total AFS securities, including related parties$199,895 $(709)$1,257 $(16,276)$184,167 

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

The amortized cost and fair value of AFS securities, including related parties, are shown by contractual maturity below:March 31, 2025(In millions)Amortized CostFair ValueAFS securitiesDue in one year or less$2,925 $2,895 Due after one year through five years23,015 22,714 Due after five years through ten years29,985 28,177 Due after ten years56,308 46,377 CLO, ABS, CMBS and RMBS77,652 76,390 Total AFS securities189,885 176,553 AFS securities – related partiesDue after one year through five years1,103 1,103 Due after five years through ten years825 835 Due after ten years224 209 CLO and ABS18,106 17,841 Total AFS securities – related parties20,258 19,988 Total AFS securities, including related parties$210,143 $196,541 Actual maturities can differ from contractual maturities as borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Unrealized Losses on AFS SecuritiesThe following summarizes the fair value and gross unrealized losses for AFS securities, including related parties, for which an allowance for credit losses has not been recorded, aggregated by asset type and length of time the fair value has remained below amortized cost: March 31,