Item 8A. UNAUDITED SUPPLEMENTAL PRESENTATION OF STATEMENTS OF FINANCIAL CONDITION

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Item 8A. UNAUDITED SUPPLEMENTAL PRESENTATION OF STATEMENTS OF FINANCIAL CONDITION


	December 31, 2022
(In millions)	Apollo Global Management, Inc. and Consolidated Subsidiaries		Consolidated Funds and VIEs		Eliminations		Consolidated
Assets
Asset Management
Cash and cash equivalents	$	1,201	$	—	$	—	$	1,201
Restricted cash and cash equivalents	2		1,046		—		1,048
Investments	5,713		—		(131)		5,582
Assets of consolidated variable interest entities
Cash and cash equivalents	—		110		—		110
Investments	—		2,371		(2)		2,369
Other assets	—		88		(58)		30
Due from related parties	504		1		(40)		465
Goodwill	264		—		—		264
Other assets	2,321		12		—		2,333
	10,005		3,628		(231)		13,402
Retirement Services
Cash and cash equivalents	7,779		—		—		7,779
Restricted cash and cash equivalents	628		—		—		628
Investments	172,488		—		—		172,488
Investments in related parties	35,286		—		(11,326)		23,960
Assets of consolidated variable interest entities
Cash and cash equivalents	—		362		—		362
Investments	1,492		14,207		—		15,699
Other assets	8		104		—		112
Reinsurance recoverable	4,367		—		—		4,367
Deferred acquisition costs, deferred sales inducements and value of business acquired	5,576		—		—		5,576
Goodwill	4,058		—		—		4,058
Other assets	10,917		—		(15)		10,902
	242,599		14,673		(11,341)		245,931
Total Assets	$	252,604	$	18,301	$	(11,572)	$	259,333

							(Continued)

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	December 31, 2022
(In millions)	Apollo Global Management, Inc. and Consolidated Subsidiaries		Consolidated Funds and VIEs		Eliminations		Consolidated
Liabilities, Redeemable non-controlling interests and Equity
Liabilities
Asset Management
Accounts payable, accrued expenses, and other liabilities	$	2,915	$	61	$	(1)	$	2,975
Due to related parties	1,056		8		(66)		998
Debt	2,814		—		—		2,814
Liabilities of consolidated variable interest entities

Notes payable	—		50		—		50
Other liabilities	—		1,899		—		1,899
	6,785		2,018		(67)		8,736
Retirement Services
Interest sensitive contract liabilities	173,653		—		—		173,653
Future policy benefits	55,328		—		—		55,328
Debt	3,658		—		—		3,658
Payables for collateral on derivatives and securities to repurchase	6,707		—		—		6,707
Other liabilities	3,213		—		—		3,213
Liabilities of consolidated variable interest entities

Other liabilities	124		691		(6)		809
	242,683		691		(6)		243,368
Total Liabilities	249,468		2,709		(73)		252,104
Commitments and Contingencies (note 18)
Redeemable non-controlling interests:
Redeemable non-controlling interests	—		1,027		5		1,032
Equity

Additional paid in capital	15,040		(72)		14		14,982
Retained earnings (accumulated deficit)	(2,254)		11,734		(11,739)		(2,259)
Accumulated other comprehensive income (loss)	(12,327)		(34)		35		(12,326)
Total AGM Stockholders’ Equity	459		11,628		(11,690)		397
Non-controlling interests	2,677		2,937		186		5,800
Total Equity	3,136		14,565		(11,504)		6,197
Total Liabilities, Redeemable non-controlling interests and Equity	$	252,604	$	18,301	$	(11,572)	$	259,333

							(Concluded)

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	December 31, 2021
(In millions)	Apollo Global Management, Inc. and Consolidated Subsidiaries		Consolidated Funds and VIEs		Eliminations		Consolidated
Assets

Cash and cash equivalents	$	915	$	2	$	—	$	917
Restricted cash and cash equivalents	18		690		—		708
Investments	10,474		1,162		(282)		11,354
Assets of consolidated variable interest entities
Cash and cash equivalents	—		463		—		463
Investments	—		15,133		(396)		14,737
Other assets	—		253		(1)		252
Due from related parties	587		(9)		(88)		490
Goodwill	117		—		—		117
Other assets	1,462		3		(1)		1,464















Total Assets	$	13,573	$	17,697	$	(768)	$	30,502




Liabilities, Redeemable non-controlling interests and Equity
Liabilities

Accounts payable, accrued expenses, and other liabilities	$	2,731	$	146	$	(30)	$	2,847
Due to related parties	1,231		10		(19)		1,222
Debt	3,134		—		—		3,134
Liabilities of consolidated variable interest entities
Debt, at fair value	—		8,068		(125)		7,943
Notes payable	—		2,714		(103)		2,611
Other liabilities	—		867		(86)		781












Total Liabilities	7,096		11,805		(363)		18,538
Commitments and Contingencies (note 18)
Redeemable non-controlling interests:
Redeemable non-controlling interests	—		1,762		8		1,770
Equity
Series A Preferred Stock	264		—		—		264
Series B Preferred Stock	290		—		—		290
Additional paid in capital	2,166		(98)		28		2,096
Retained earnings	1,165		433		(454)		1,144
Accumulated other comprehensive income (loss)	(5)		(13)		13		(5)
Total AGM Stockholders’ Equity	3,880		322		(413)		3,789
Non-controlling interests	2,597		3,808		—		6,405
Total Equity	6,477		4,130		(413)		10,194
Total Liabilities, Redeemable non-controlling interests and Equity	$	13,573	$	17,697	$	(768)	$	30,502

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