Company: APO
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001858681-25-000139
Chunk: 251

Company: Apollo Global Management, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 251
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) to previously impaired securitiesEnding balanceAFS securitiesCorporate$168 $— $— $— $168 CLO— 1 — — 1 ABS67 13 (14)8 74 CMBS57 1 — (1)57 RMBS378 5 (4)(2)377 Total AFS securities670 20 (18)5 677 AFS securities – related parties, ABS1 — — — 1 Total AFS securities, including related parties$671 $20 $(18)$5 $678 Nine months ended September 30, 2025AdditionsReductions(In millions)Beginning balanceInitial credit lossesSecurities sold during the periodAdditions (reductions) to previously impaired securitiesEnding balanceAFS securitiesCorporate$175 $— $(22)$(2)$151 ABS76 40 (3)47 160 CMBS60 2 — 5 67 RMBS397 7 (13)13 404 Total AFS securities708 49 (38)63 782 AFS securities – related parties, ABS1 — — — 1 Total AFS securities, including related parties$709 $49 $(38)$63 $783 Nine months ended September 30, 2024AdditionsReductions(In millions)Beginning balanceInitial credit lossesSecurities sold during the periodAdditions (reductions) to previously impaired securitiesEnding balanceAFS securitiesCorporate$129 $48 $(8)$(1)$168 CLO2 1 — (2)1 ABS49 25 (15)15 74 CMBS29 27 — 1 57 RMBS381 10 (14)— 377 Total AFS securities590 111 (37)13 677 AFS securities – related parties, ABS1 — — — 1 Total AFS securities, including related parties$591 $111 $(37)$13 $678 

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

Net Investment IncomeNet investment income by asset class consists of the following:Three months ended September 30,Nine months ended September 30,(In millions)202520242