Apollo Global Management Inc

For the period ended Sep 30, 2024. Filed Nov 6, 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.

Sep 30, 2024 · Filed Nov 6, 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 September 30, 2024	As of December 31, 2023
Assets
Asset Management
Cash and cash equivalents	$2,666	$2,748
Restricted cash and cash equivalents	3	2
Investments	5,860	5,502
Assets of consolidated variable interest entities
Cash and cash equivalents	102	62
Investments	2,353	1,640
Other assets	124	177
Due from related parties	572	449
Goodwill	264	264
Other assets	2,512	2,331
	14,456	13,175
Retirement Services
Cash and cash equivalents	13,587	13,020
Restricted cash and cash equivalents	964	1,761
Investments	257,776	213,099
Investments in related parties	27,991	25,842
Assets of consolidated variable interest entities
Cash and cash equivalents	305	98
Investments	21,792	20,232
Other assets	192	110
Reinsurance recoverable	7,454	4,154
Deferred acquisition costs, deferred sales inducements and value of business acquired	6,971	5,979
Goodwill	4,071	4,065
Other assets	13,130	11,953
	354,233	300,313
Total Assets	$368,689	$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 September 30, 2024	As of December 31, 2023
Liabilities, Redeemable non-controlling interests and Equity
Liabilities
Asset Management
Accounts payable, accrued expenses, and other liabilities	$3,908	$3,338
Due to related parties	709	870
Debt	4,082	3,883
Liabilities of consolidated variable interest entities
Other liabilities	1,021	1,145
	9,720	9,236
Retirement Services
Interest sensitive contract liabilities	245,436	204,670
Future policy benefits	52,962	53,287
Market risk benefits	4,402	3,751
Debt	5,725	4,209
Payables for collateral on derivatives and securities to repurchase	7,952	7,536
Other liabilities	9,597	4,456
Liabilities of consolidated variable interest entities
Other liabilities	1,354	1,098
	327,428	279,007
Total Liabilities	337,148	288,243
Commitments and Contingencies (note 16)
Redeemable non-controlling interests
Redeemable non-controlling interests	15	12
Equity
Mandatory Convertible Preferred Stock, 28,749,765 and 28,750,000 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively	1,398	1,398
Common Stock, $0.00001 par value, 90,000,000,000 shares authorized, 565,816,456 and 567,762,932 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively	—	—
Additional paid in capital	15,073	15,249
Retained earnings (accumulated deficit)	4,865	2,972
Accumulated other comprehensive income (loss)	(3,473)	(5,575)
Total Apollo Global Management, Inc. Stockholders’ Equity	17,863	14,044
Non-controlling interests	13,663	11,189
Total Equity	31,526	25,233
Total Liabilities, Redeemable non-controlling interests and Equity	$368,689	$313,488
(Concluded)
See accompanying notes to the unaudited condensed consolidated financial statements.

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