Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 239

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 239
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 Company’s material contractual obligations are as follows as of March 31, 2025:

(In millions)20252026 - 20272028 - 20292030 and ThereafterTotalAsset ManagementOperating lease obligations1$63 $162 $156 $432 $813 Other long-term obligations233 2 — — 35 AGM credit facility31 2 2 — 5 Debt obligations3176 934 1,071 6,446 8,627 273 1,100 1,229 6,878 9,480 Retirement ServicesInterest sensitive contract liabilities16,323 62,681 84,397 110,038 273,439 Future policy benefits2,275 5,768 5,155 36,699 49,897 Market risk benefits— — — 6,545 6,545 Other policy claims and benefits115 — — — 115 Dividends payable to policyholders6 15 13 57 91 Debt obligations3262 664 1,603 10,234 12,763 Securities to repurchase41,192 1,731 405 — 3,328 20,173 70,859 91,573 163,573 346,178 Obligations$20,446 $71,959 $92,802 $170,451 $355,658 1 Operating lease obligations excludes $152 million of other operating expenses associated with operating leases. 2 Includes (i) payments on management service agreements related to certain assets and (ii) payments with respect to certain consulting agreements entered into by the Company. Note that a significant portion of these costs are reimbursable by funds.3 The obligations for debt payments include contractual maturities of principal and estimated future interest payments based on the terms of the debt agreements. See note 11 of the condensed consolidated financial statements for further discussion of these debt obligations.4 The obligations for securities to repurchase payments include contractual maturities of principal and estimated future interest payments based on the terms of the agreements. Future interest payments on floating rate repurchase agreements were calculated using the March 31, 2025 interest rate.

Note:    Due to the fact that the timing of certain amounts to be paid cannot be determined or for other reasons discussed below, the following contractual commitments have not been presented