Company: APO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001858681-25-000034
Chunk: 199

Company: Apollo Global Management, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 199
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— Future policy benefitsAmerUs Closed Block(1,164)(14)— — — (1,178)— — ILICO Closed Block and life benefits(548)26 — — — (522)— — Derivative liabilities(1)— — — — (1)— — Other liabilities(142)(113)— (75)— (330)— — Total Level 3 liabilities – Retirement Services$(8,525)$(1,549)$— $(1,850)$— $(11,924)$— $— (Concluded)1 Related to instruments held at end of period.

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Table of ContentsAPOLLO GLOBAL MANAGEMENT, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The following represents the gross components of purchases, issuances, sales and settlements, net, and net transfers in (out) shown above: Year ended December 31, 2024(In millions)PurchasesIssuancesSalesSettlementsNet Purchases, Issuances, Sales and SettlementsTransfers InTransfers OutNet Transfers In (Out)Assets – Asset ManagementInvestments and derivative assets$36 $— $(64)$— $(28)$— $(68)$(68)Investments of consolidated VIEs4,009 — (3,430)— 579 452 (250)202 Total Level 3 assets – Asset Management$4,045 $— $(3,494)$— $551 $452 $(318)$134 Assets – Retirement ServicesAFS securitiesForeign governments$— $— $— $(12)$(12)$— $— $— Corporate3,146 — (41)(290)2,815 166 (1,201)(1,035)ABS11,886 — (423)(1,651)9,812 769 (914)(145)CMBS— — — — — — (19)(19)RMBS99 — — (16)83 — (100)(100)Trading securities— — — (21)(21)14 — 14 Equity securities2 — (1)— 1 9 (9)— Mortgage loans27,596 — (106)(8,174)19