Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 250

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1A
Chunk 250
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Table of Contents

ITEM 1A. UNAUDITED SUPPLEMENTAL PRESENTATION OF STATEMENTS OF FINANCIAL CONDITION

March 31, 2025(In millions)Apollo Global Management, Inc. and Consolidated SubsidiariesConsolidated Funds and VIEsEliminationsConsolidatedAssetsAsset ManagementCash and cash equivalents$1,871 $— $— $1,871 Restricted cash and cash equivalents3 — — 3 Investments7,052 — (461)6,591 Assets of consolidated variable interest entitiesCash and cash equivalents— 231 — 231 Investments— 1,991 (118)1,873 Other assets— 440 (176)264 Due from related parties715 — (81)634 Goodwill264 — — 264 Other assets2,677 — — 2,677 12,582 2,662 (836)14,408 Retirement ServicesCash and cash equivalents11,023 — — 11,023 Restricted cash and cash equivalents2,210 — — 2,210 Investments278,635 — (312)278,323 Investments in related parties45,566 — (15,732)29,834 Assets of consolidated variable interest entitiesCash and cash equivalents— 175 — 175 Investments1,742 23,064 (153)24,653 Other assets9 353 — 362 Reinsurance recoverable8,790 — — 8,790 Deferred acquisition costs, deferred sales inducements and value of business acquired7,606 — — 7,606 Goodwill4,067 — — 4,067 Other assets13,683 — (89)13,594 373,331 23,592 (16,286)380,637 Total Assets$385,913 $26,254 $(17,122)$395,045 (Continued)

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Table of Contents

March 31, 2025(In millions)Apollo Global Management, Inc. and Consolidated SubsidiariesConsolidated Funds and VIEsEliminationsConsolidatedLiabilities, Redeemable non-controlling interests and EquityLiabilitiesAsset ManagementAccounts payable, accrued expenses, and other liabilities$3,773 $