Apollo Global Management Inc

For the period ended Mar 31, 2024. Filed May 7, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 7, 2024

APO$122.74+0.4%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statement of Financial Condition (unaudited)

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED)

(In millions, except share data)	As of March 31, 2024	As of December 31, 2023
Assets
Asset Management
Cash and cash equivalents	$2,473	$2,748
Restricted cash and cash equivalents	2	2
Investments	5,599	5,502
Assets of consolidated variable interest entities
Cash and cash equivalents	323	62
Investments	2,279	1,640
Other assets	36	177
Due from related parties	441	449
Goodwill	264	264
Other assets	2,386	2,331
	13,803	13,175
Retirement Services
Cash and cash equivalents	15,250	13,020
Restricted cash and cash equivalents	1,575	1,761
Investments	226,956	213,099
Investments in related parties	27,283	25,842
Assets of consolidated variable interest entities
Cash and cash equivalents	93	98
Investments	21,009	20,232
Other assets	132	110
Reinsurance recoverable	5,183	4,154
Deferred acquisition costs, deferred sales inducements and value of business acquired	6,408	5,979
Goodwill	4,064	4,065
Other assets	12,295	11,953
	320,248	300,313
Total Assets	$334,051	$313,488
(Continued)
See accompanying notes to the unaudited condensed consolidated financial statements.

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED)

(In millions, except share data)	As of March 31, 2024	As of December 31, 2023
Liabilities, Redeemable non-controlling interests and Equity
Liabilities
Asset Management
Accounts payable, accrued expenses, and other liabilities	$3,425	$3,338
Due to related parties	825	870
Debt	3,856	3,883
Liabilities of consolidated variable interest entities
Other liabilities	1,867	1,145
	9,973	9,236
Retirement Services
Interest sensitive contract liabilities	220,234	204,670
Future policy benefits	51,672	53,287
Market risk benefits	3,723	3,751
Debt	5,740	4,209
Payables for collateral on derivatives and securities to repurchase	8,147	7,536
Other liabilities	6,482	4,456
Liabilities of consolidated variable interest entities
Other liabilities	1,064	1,098
	297,062	279,007
Total Liabilities	307,035	288,243
Commitments and Contingencies (note 16)
Redeemable non-controlling interests
Redeemable non-controlling interests	13	12
Equity
Mandatory Convertible Preferred Stock, 28,749,765 and 28,750,000 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively	1,398	1,398
Common Stock, $0.00001 par value, 90,000,000,000 shares authorized, 569,003,922 and 567,762,932 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively	—	—
Additional paid in capital	15,167	15,249
Retained earnings (accumulated deficit)	3,862	2,972
Accumulated other comprehensive income (loss)	(5,640)	(5,575)
Total Apollo Global Management, Inc. Stockholders’ Equity	14,787	14,044
Non-controlling interests	12,216	11,189
Total Equity	27,003	25,233
Total Liabilities, Redeemable non-controlling interests and Equity	$334,051	$313,488
(Concluded)
See accompanying notes to the unaudited condensed consolidated financial statements.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.