Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 321

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 321
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315 10,504 Other188,925 Total indexed annuities$99,429 1 Includes 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)

March 31, 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%$4,117 $3,181 $50,943 $58,241 2.0% - < 4.0%7,418 446 1,293 9,157 4.0% - < 6.0%3,420 9 1 3,430 6.0% and greater2 — — 2 Total traditional deferred annuities$14,957 $3,636 $52,237 $70,830 Indexed annuities< 2.0%$2,263 $1,571 $2,888 $6,722 2.0% - < 4.0%5,061 62 — 5,123 Total indexed annuities with GMCR$7,324 $1,633 $2,888 11,845 Other183,003 Total indexed annuities$94,848 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:Three months ended March 31, 2025(In millions, except percentages and years)Payout Annuities with Life ContingenciesWhole LifeTotalPresent value of expected net premiumsBeginning balance$— $880 $880 Effect