Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 239

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 239
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 rate swaps17,327 (34)17,873 130 1 Excludes gains (losses) related to foreign currency risk.The following is a summary of the gains (losses) related to the derivatives and related hedged items in fair value hedge relationships:Amounts excluded(In millions)DerivativesHedged itemsNetRecognized in income through amortization approachRecognized in income through changes in fair valueThree months ended June 30, 2025Investment related gains (losses)Foreign currency forwards$(235)$228 $(7)$9 $— Foreign currency swaps(681)699 18 — — Foreign currency interest rate swaps344 (330)14 — — Interest rate swaps65 (49)16 — — Interest sensitive contract benefitsForeign currency interest rate swaps25 (24)1 — — Three months ended June 30, 2024Investment related gains (losses)Foreign currency forwards$43 $(51)$(8)$13 $(3)Foreign currency swaps43 (24)19 — — Foreign currency interest rate swaps(7)6 (1)— — Interest rate swaps(9)1 (8)— — Interest sensitive contract benefitsForeign currency interest rate swaps24 (23)1 — — Amounts excluded(In millions)DerivativesHedged itemsNetRecognized in income through amortization approachRecognized in income through changes in fair valueSix months ended June 30, 2025Investment related gains (losses)Foreign currency forwards$(350)$332 $(18)$19 $— Foreign currency swaps(1,013)1,058 45 — — Foreign currency interest rate swaps481 (464)17 — — Interest rate swaps194 (174)20 — — Interest sensitive contract benefitsForeign currency interest rate swaps48 (47)1 — — Six months ended June 30, 2024Investment related gains (losses)Foreign currency forwards179 (183)(4)31 6 Foreign currency swaps155 (138)17 — — Foreign currency interest rate swaps(123)123 — — — Interest rate swaps(115)76 (39)— — Interest sensitive contract benefitsForeign currency interest rate swaps40 (39)1 — —