v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Assets    
Deferred acquisition costs, deferred sales inducements and value of business acquired $ 9,279 $ 8,634
Total Assets 494,048 460,949
Liabilities    
Debt 13,727 13,364
Interest sensitive contract liabilities 344,593  
Future policy benefits 48,241  
Market risk benefits 5,283  
Total Liabilities 452,566 418,434
Commitments and Contingencies (note 17)
Redeemable non-controlling interests    
Redeemable non-controlling interests 0 0
Equity    
Mandatory Convertible Preferred Stock, 28,749,227 and 28,749,665 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 1,398 1,398
Common Stock, $0.00001 par value, 90,000,000,000 shares authorized, 575,971,752 and 578,981,398 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 0 0
Additional paid in capital 16,668 16,954
Retained earnings 6,149 7,634
Accumulated other comprehensive income (loss) (3,209) (2,645)
Total Apollo Global Management, Inc. Stockholders’ Equity 21,006 23,341
Non-controlling interests 20,476 19,174
Total Equity 41,482 42,515
Total Liabilities, Redeemable non-controlling interests and Equity 494,048 460,949
VIE, Primary Beneficiary    
Assets    
Cash and cash equivalents 1,443  
Asset Management    
Assets    
Restricted cash and cash equivalents 19 19
Due from related parties 963 663
Goodwill 1,833 1,848
Total Assets 21,761 19,548
Liabilities    
Due to related parties 1,173 1,062
Debt 5,895 5,516
Total Liabilities 15,045 12,388
Asset Management | Consolidated Entity, Excluding Consolidated VIE    
Assets    
Cash and cash equivalents 3,415 3,350
Due from related parties 940 647
Other assets 3,587 3,376
Liabilities    
Accounts payable, accrued expenses, and other liabilities 4,130 3,861
Asset Management | Consolidated Entity, Excluding Consolidated VIE | Nonrelated Party    
Assets    
Investments 6,325 6,226
Asset Management | VIE, Primary Beneficiary    
Assets    
Cash and cash equivalents 1,272 327
Investments 3,713 3,509
Due from related parties 23 16
Other assets 634 230
Liabilities    
Accounts payable, accrued expenses, and other liabilities 3,847 1,949
Asset Management | VIE, Primary Beneficiary | Nonrelated Party    
Assets    
Investments 3,713 3,509
Retirement Services    
Assets    
Restricted cash and cash equivalents 1,583 1,332
Goodwill 4,079 4,072
Reinsurance recoverable 10,929 10,282
Deferred acquisition costs, deferred sales inducements and value of business acquired 9,279 8,634
Total Assets 472,287 441,401
Liabilities    
Debt 7,832 7,848
Interest sensitive contract liabilities 344,593 315,889
Future policy benefits 48,241 50,264
Market risk benefits 5,283 4,930
Payables for collateral on derivatives and securities to repurchase 11,199 11,085
Total Liabilities 437,521 406,046
Retirement Services | Consolidated Entity, Excluding Consolidated VIE    
Assets    
Cash and cash equivalents 21,957 14,994
Other assets 15,061 15,120
Liabilities    
Other liabilities 18,981 14,329
Retirement Services | Consolidated Entity, Excluding Consolidated VIE | Nonrelated Party    
Assets    
Investments 333,842 321,081
Retirement Services | Consolidated Entity, Excluding Consolidated VIE | Due to related parties    
Assets    
Investments 43,300 34,979
Retirement Services | VIE, Primary Beneficiary    
Assets    
Cash and cash equivalents 171 569
Other assets 202 346
Liabilities    
Other liabilities 1,392 1,701
Retirement Services | VIE, Primary Beneficiary | Nonrelated Party    
Assets    
Investments $ 31,884 $ 29,992