Company: APO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001858681-25-000034
Chunk: 180

Company: Apollo Global Management, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 180
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 value hedging gains (losses)Carrying amount of the hedged assets or liabilities1Cumulative amount of fair value hedging gains (losses)AFS securitiesForeign currency forwards$3,790 $(258)$4,883 $(15)Foreign currency swaps12,517 (842)6,820 (141)Interest sensitive contract liabilitiesForeign currency swaps2,426 130 1,438 19 Foreign currency interest rate swaps3,946 488 4,010 363 Interest rate swaps17,873 130 6,910 189 1 The carrying amount disclosed for AFS securities is amortized cost.The following is a summary of the gains (losses) related to the derivatives and related hedged items in fair value hedge relationships:Amounts excluded(In millions)DerivativesHedged itemsNetRecognized in income through amortization approachRecognized in income through changes in fair valueYear ended December 31, 2024Investment related gains (losses)Foreign currency forwards$220 $(238)$(18)$43 $19 Foreign currency swaps513 (520)(7)— — Foreign currency interest rate swaps(160)148 (12)— — Interest rate swaps6 (58)(52)— — Interest sensitive contract benefitsForeign currency interest rate swaps87 (85)2 — — Year ended December 31, 2023Investment related gains (losses)Foreign currency forwards(169)167 (2)82 20 Foreign currency swaps(159)169 10 — — Foreign currency interest rate swaps282 (269)13 — — Interest rate swaps111 (118)(7)— — Interest sensitive contract benefitsForeign currency interest rate swaps57 (60)(3)— — Year ended December 31, 2022Investment related gains (losses)Foreign currency forwards183 (190)(7)67 9 Foreign currency swaps286 (310)(24)— — Foreign currency interest rate swaps(622)632 10 — — Interest rate swaps(332)323 (9)— — Interest sensitive contract benefitsForeign currency interest rate swaps52 (53)(1)— — 

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

The following is a summary of the gains (losses)