Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 93

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 93
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 inducements and value of business acquired7,981 7,173 Goodwill4,075 4,063 Other assets14,793 13,794 404,490 362,639 Total Assets$419,550 $377,895 (Continued)See accompanying notes to the unaudited condensed consolidated financial statements.

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Table of ContentsAPOLLO GLOBAL MANAGEMENT, INC.CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED)

(In millions, except share data)As of June 30, 2025As of December 31, 2024Liabilities, Redeemable non-controlling interests and EquityLiabilitiesAsset ManagementAccounts payable, accrued expenses, and other liabilities$4,079 $3,616 Due to related parties760 710 Debt4,280 4,279 Liabilities of consolidated variable interest entitiesOther liabilities 1,048 1,363 10,167 9,968 Retirement ServicesInterest sensitive contract liabilities292,238 253,637 Future policy benefits49,400 49,902 Market risk benefits4,489 4,028 Debt7,864 6,309 Payables for collateral on derivatives and securities to repurchase7,260 11,652 Other liabilities12,517 9,784 Liabilities of consolidated variable interest entitiesOther liabilities1,754 1,635 375,522 336,947 Total Liabilities385,689 346,915 Commitments and Contingencies (note 16)Redeemable non-controlling interestsRedeemable non-controlling interests— 16 EquityMandatory Convertible Preferred Stock, 28,749,765 and 28,749,765 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively1,398 1,398 Common Stock, $0.00001 par value, 90,000,000,000 shares authorized, 572,024,038 and 565,738,933 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively— — Additional paid in capital15,697 15,327 Retained earnings (accumulated deficit)5,919 6,022 Accumulated other comprehensive income (loss)(3,693)(5,494)Total