Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 301

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 301
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— $(13)$— $55 $— $— Liabilities – Retirement ServicesInterest sensitive contract liabilitiesEmbedded derivative$(11,242)$1,003 $— $(508)$— $(10,747)$— $— Universal life benefits(742)(27)— — — (769)— — Future policy benefitsAmerUs Closed Block(1,102)(5)— — — (1,107)— — ILICO Closed Block and life benefits(538)(18)— — — (556)— — Derivative liabilities(1)1 — — — — — — Other liabilities(225)(6)— 1 — (230)— — Total Level 3 liabilities – Retirement Services$(13,850)$948 $— $(507)$— $(13,409)$— $— (Concluded)1 Related to instruments held at end of period.

43

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

Three months ended March 31, 2024Total realized and unrealized gains (losses)(In millions)Beginning BalanceIncluded in IncomeIncluded in OCINet Purchases, Issuances, Sales and SettlementsNet Transfers In (Out)Ending BalanceTotal Gains (Losses) Included in Earnings1Total Gains (Losses) Included in OCI1Assets – Asset ManagementInvestments and derivative assets$1,201 $(7)$— $(3)$— $1,191 $18 $— Investments of consolidated VIEs1,492 — — 618 — 2,110 (1)— Total Level 3 assets – Asset Management$2,693 $(7)$— $615 $— $3,301 $17 $— Assets – Retirement ServicesAFS securitiesForeign governments$40 $— $— $— $— $40 $— $— Corporate2,525 (2)2 844 9 3,378 (1)1 ABS6,943 2 13 125 82 7,165 (2)11 CMBS21 — — — — 21 — 1 RMBS