Apollo Global Management Inc

For the period ended Jun 30, 2024. Filed Aug 8, 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.

Jun 30, 2024 · Filed Aug 8, 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 June 30, 2024	As of December 31, 2023
Assets
Asset Management
Cash and cash equivalents	$2,854	$2,748
Restricted cash and cash equivalents	2	2
Investments	5,697	5,502
Assets of consolidated variable interest entities
Cash and cash equivalents	473	62
Investments	1,708	1,640
Other assets	307	177
Due from related parties	479	449
Goodwill	264	264
Other assets	2,440	2,331
	14,224	13,175
Retirement Services
Cash and cash equivalents	13,004	13,020
Restricted cash and cash equivalents	1,093	1,761
Investments	237,318	213,099
Investments in related parties	27,726	25,842
Assets of consolidated variable interest entities
Cash and cash equivalents	557	98
Investments	22,093	20,232
Other assets	143	110
Reinsurance recoverable	6,188	4,154
Deferred acquisition costs, deferred sales inducements and value of business acquired	6,699	5,979
Goodwill	4,064	4,065
Other assets	13,395	11,953
	332,280	300,313
Total Assets	$346,504	$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 June 30, 2024	As of December 31, 2023
Liabilities, Redeemable non-controlling interests and Equity
Liabilities
Asset Management
Accounts payable, accrued expenses, and other liabilities	$3,638	$3,338
Due to related parties	754	870
Debt	4,082	3,883
Liabilities of consolidated variable interest entities
Other liabilities	1,728	1,145
	10,202	9,236
Retirement Services
Interest sensitive contract liabilities	228,389	204,670
Future policy benefits	50,799	53,287
Market risk benefits	3,727	3,751
Debt	5,733	4,209
Payables for collateral on derivatives and securities to repurchase	9,876	7,536
Other liabilities	7,847	4,456
Liabilities of consolidated variable interest entities
Other liabilities	1,517	1,098
	307,888	279,007
Total Liabilities	318,090	288,243
Commitments and Contingencies (note 16)
Redeemable non-controlling interests
Redeemable non-controlling interests	14	12
Equity
Mandatory Convertible Preferred Stock, 28,749,765 and 28,750,000 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively	1,398	1,398
Common Stock, $0.00001 par value, 90,000,000,000 shares authorized, 569,535,344 and 567,762,932 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively	—	—
Additional paid in capital	15,319	15,249
Retained earnings (accumulated deficit)	4,376	2,972
Accumulated other comprehensive income (loss)	(5,820)	(5,575)
Total Apollo Global Management, Inc. Stockholders’ Equity	15,273	14,044
Non-controlling interests	13,127	11,189
Total Equity	28,400	25,233
Total Liabilities, Redeemable non-controlling interests and Equity	$346,504	$313,488
(Concluded)
See accompanying notes to the unaudited condensed consolidated financial statements.

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