Company: APO
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001858681-25-000139
Chunk: 118

Company: Apollo Global Management, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 118
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(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:September 30, 2025(In millions)Amortized CostFair ValueAFS securitiesDue in one year or less$2,262 $2,241 Due after one year through five years23,049 23,141 Due after five years through ten years27,734 26,909 Due after ten years65,833 57,291 CLO, ABS, CMBS and RMBS84,209 84,439 Total AFS securities203,087 194,021 AFS securities – related partiesDue after one year through five years1,141 1,155 Due after five years through ten years821 830 Due after ten years329 315 CLO, ABS and CMBS22,362 22,363 Total AFS securities – related parties24,653 24,663 Total AFS securities, including related parties$227,740 $218,684 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: September 30, 2025Less than 12 months12 months or moreTotal(In millions)Fair ValueGross Unrealized LossesFair ValueGross Unrealized LossesFair ValueGross Unrealized LossesAFS securitiesU.S. government and agencies$2,624 $(35)$3,796 $(1,065)$6,420 $(1,100)U.S. state, municipal and political subdivisions41 (2)766 (209)807 (211)Foreign governments100 (7)1,404 (537)1,504 (544)Corporate9,873 (