Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 76

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 76
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S SecuritiesThe following table represents the amortized cost, allowance for credit losses, gross unrealized gains and losses and fair value of Athene’s AFS investments by asset type:March 31, 2025(In millions)Amortized CostAllowance for Credit LossesGross Unrealized GainsGross Unrealized LossesFair ValueAFS securitiesU.S. government and agencies$10,503 $— $60 $(1,088)$9,475 U.S. state, municipal and political subdivisions1,100 — — (226)874 Foreign governments2,103 — 3 (496)1,610 Corporate98,527 (174)593 (10,742)88,204 CLO30,094 — 282 (310)30,066 ABS25,796 (82)228 (485)25,457 CMBS12,482 (60)80 (394)12,108 RMBS9,280 (392)244 (373)8,759 Total AFS securities189,885 (708)1,490 (14,114)176,553 AFS securities – related partiesCorporate2,152 — 18 (23)2,147 CLO6,623 — 17 (51)6,589 ABS11,483 (1)24 (254)11,252 Total AFS securities – related parties20,258 (1)59 (328)19,988 Total AFS securities, including related parties$210,143 $(709)$1,549 $(14,442)$196,541 December 31, 2024(In millions)Amortized CostAllowance for Credit LossesGross Unrealized GainsGross Unrealized LossesFair ValueAFS securitiesU.S. government and agencies$8,413 $— $8 $(1,270)$7,151 U.S. state, municipal and political subdivisions1,167 — — (246)921 Foreign governments2,082 — — (514)1,568 Corporate95,006 (175)485 (11,731)83,585 CLO29,524 — 266 (608)29,182 ABS24,779 (76)138 (640)24,