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Apollo Global Management Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Apollo Global Management holds $467.53B in total assets. Shareholders' equity is $20.0B against $14.2B in total debt. Cash and equivalents total $23.7B. Based on the Q1 2026 filing.

Total Assets$467.53BTotal Stockholders Equity$20.0BLong Term Debt$14.2BCash And Equivalents$23.7B
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$77.2B
P/E Ratio67.48
ROE6.03%

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$15.3B$15.5B$15.7B$16.9B$17B$16.5B
AFS and Trading Securities - Unrealized Loss Position (>=12 Months) Accumulated Loss$14B$12.8B$12.3B$11.3B$11.3B$11.8B
Accumulated other comprehensive income (loss)-$5.5B-$4.6B-$3.7B-$2.5B-$2.6B-$3.1B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$0$0$0$0$0$0
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$1.4B$1.4B$1.4B$1.4B$1.4B$1.4B
Investments - Gross Unrealized Losses$104.5B$101.5B$96B$86.2B$101.9B$129.4B
Retained earnings$6B$5.6B$5.9B$7.3B$7.6B$5.2B
Temporary Equity Attributable to Parent$16M$0$0$0$0$0
Total liabilities and stockholders' equity$377.9B$395B$419.6B$449.5B$460.9B$467.5B
Total stockholders' equity$17.3B$18B$19.3B$23.1B$23.3B$20B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
AFS and Trading Securities - Unrealized Loss Position (>=12 Months)$62.8B$59.9B$58.7B$55.9B$56B$51.7B
AFS and Trading Securities - Unrealized Loss Position (<12 Months) Fair Value$41.8B$41.6B$37.3B$30.3B$45.9B$77.7B
AFS and Trading Securities - Unrealized Loss Position (>=12 Months) Fair Value$62.8B$59.9B$58.7B$55.9B$56B$51.7B
AFS and Trading Securities - Unrealized Loss Position Fair Value$104.5B$101.5B$96B$86.2B$101.9B$129.4B
AFS and Trading Securities - Unrealized Loss Position (<12 Months) Fair Value$41.8B$41.6B$37.3B$30.3B$45.9B$77.7B
Cash and cash equivalents$17.1B$15.5B$15B$21.2B$20.6B$23.7B
Securities Received As Collateral$2.2B$2.2B$1B$1B$1.8B$858M
Derivative Assets - Fair Value$8.2B$6.2B$6.9B$8.9B$9.2B$8.4B
Restricted cash$946M$2.2B$1.7B$2.8B$1.4B$1.2B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cumulative Cost Basis$199.9B$210.1B$221.2B$227.7B$228.2B$231.4B
Gross Assets/Liabilities$14.8B$14.1B$17.2B$19.3B$20.6B$19.4B
Effect of changes in instrument-specific credit risk-$157M-$41M—-$289M-$260M-$44M
Balance in trust account$26.1B———$33.2B—
Payables for repurchase agreements$5.7B$3.1B$3.5B$2.8B$6B$3.2B
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax$16.3B$14.4B$13.6B$12.2B$12.3B$13.9B
Gross Unrealized Gains$1.3B$1.5B$3.4B$3.9B$3.5B$2.7B
Total$199.9B$210.1B$221.2B$227.7B$228.2B$231.4B
Available for sale investments$184.2B$196.5B$210.3B$218.7B$218.6B$219.5B
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1$173.51$82.73$82.73$82.73$82.56$82.56
Warrants exercisable (in shares)2.9M—2.6M———
Common stock, par value (in dollars per share)$0.00$0.00$0.00$0.00$0.00$0.00
Common stock, shares authorized (in shares)90B90B90B90B90B90B
Common stock, shares issued (in shares)565.7M570.4M572M580.4M579M576.5M
Common Stock, Shares, Outstanding565.7M570.4M572M580.4M579M576.5M
Cumulative revenues recognized if existing investments become worthless$5.5B$5.5B$5.6B$6B$6B$5.6B
Debt Instrument, Fair Value Disclosure$10.2B$10.2B$11.8B$12.5B$13.1B$13.5B
Debt Securities, Available-for-Sale, Allowance for Credit Loss$709M$709M$761M$783M$758M$744M
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss$14B$12.8B$12.3B$11.3B$11.3B$11.8B
Less than 12 months$41.8B$41.6B$37.3B$30.3B$45.9B$77.7B
12 months or more$62.8B$59.9B$58.7B$55.9B$56B$51.7B
Number of Securities, Greater than 12 months6087.005728.005525.005383.005112.004965.00
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss$1.3B$965M$939M$549M$665M$1.8B
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss$15.3B$13.8B$13.2B$11.8B$11.9B$13.6B
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions7745.007495.006857.006278.006492.007170.00
Debt Securities, Available-for-Sale, Unrealized Loss Position$104.5B$101.5B$96B$86.2B$101.9B$129.4B
Deferred acquisition costs, deferred sales inducements and value of business acquired$7.2B$7.6B$8B$8.4B$8.6B$8.8B
Deferred tax assets, tax credit carryforwards, foreign$66M———$1.7B$1.7B
Deferred Tax Assets, Valuation Allowance$75M———$251M—
Net amount after securities collateral$23M$25M$184M$217M-$209M$217M
Off-balance sheet securities collateral$0-$164M-$536M-$75M-$889M-$126M
Derivative Asset, Including Not Subject To Master Netting Arrangement, After Offset And Deduction, Net Amount$23M$189M$720M$292M$680M$343M
Derivative Asset, Net$4.5B$2.8B$3.7B$6B$6.4B$5.4B
Margin cash collateral received from counterparties that was not offset against derivative assets$5.9B$4.2B$3.7B$6.2B$5.9B$5.3B
Securities Collateral&#160;Held&#160;/Pledged&#160;Under Master&#160;Netting Agreements$2.2B$1.8B$2.5B$2.4B$2.6B$2.7B
Margin cash collateral provided to counterparties that was not offset against derivative assets or liabilities$1.3B$1.4B$2B$2B$2.5B$2.6B
Securities Collateral&#160;Held&#160;/Pledged&#160;Under Master&#160;Netting Agreements$2.2B$1.8B$2.5B$2.4B$2.6B$2.7B
Derivative, gross, assets$8.2B$6.2B$6.9B$8.9B$9.2B$8.4B
Derivatives, gross, liabilities$3.6B$3.4B$4.9B$4.9B$5.7B$5.8B
Derivative Liability$14.8B$14.1B$17.2B$19.3B$20.6B$19.4B
Net amount after securities collateral-$12M$61M-$143M-$131M-$88M$48M
Off-balance sheet securities collateral$2M$243M$209M$269M$561M$591M
Derivative Liability, Including Not Subject To Master Netting Arrangement, After Offset And Deduction, Net Amount$14M$182M$352M$400M$649M$543M
Total investment funds, including related parties and consolidated VIEs$19.6B$20.2B$21.3B$22.6B$26.1B$29B
Percentage of Total100.0%100.0%100.0%100.0%100.0%100.0%
Market Risk Benefit, after Increase (Decrease) from Instrument-Specific Credit Risk$3.7B$4.1B$4.2B$4.6B$4.7B$4.8B
Market Risk Benefit, after Reinsurance and Cumulative Increase (Decrease) from Instrument-Specific Credit Risk Change$3.7B$4B—$4.5B$4.6B$4.7B
Asset$313M$285M$277M$223M$214M$183M
Market Risk Benefit, before Reinsurance and Cumulative Increase (Decrease) from Instrument-Specific Credit Risk Change$3.6B$4B—$4.3B$4.5B$4.8B
Market Risk Benefit, Reinsurance Recoverable, after Allowance$37M$47M—$69M$73M$78M
Noncontrolling interests in subsidiaries$13.7B$14.4B$14.5B$16.7B$19.2B$19.6B
Number of investing strategies200.0%200.0%200.0%200.0%200.0%200.0%
Performance allocations$3.3B——$3.6B$3.6B$3.1B
Policy liabilities$253.6B$273.4B—$309.7B$315.9B$326.5B
Preferred Stock, Shares Issued28.7M28.7M28.7M28.7M28.7M28.7M
Preferred Stock, Shares Outstanding28.7M28.7M28.7M28.7M28.7M28.7M
Profit Sharing Payable$1.9B$1.9B$1.9B$2.1B$2B$1.7B
Share Repurchase Program, Authorized, Amount—————$4B
Interest accrued$4M———$2M—
Amount that if recognized, would affect the effective tax rate or regulatory liability$11M$4M$4M$10M$10M$3M
Valuation Allowances And Reserves Balance$75M———$251M—
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure$109.6B$115.5B$124.4B$130.7B$135B$138.8B
PNC Risk of Loss$124.5B$128.7B$135.8B$146.3B$151.1B$149.1B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Future policy benefits$49.9B$49.9B$49.4B$49B$50.3B$48.7B
Long-term debt$10.6B$10.6B$12.1B$12.6B$13.4B$14.2B
Market risk benefits$4B$4.4B$4.5B$4.8B$4.9B$5B
Policyholders' account balances$247.3B$268.3B$286.2B$302.5B$308.9B$321.3B
Repurchase agreements (includes VIE balances of $956 and $815)————$907M—
Secured Borrowings Cash Right to Reclaim$1.3B$1.4B$2B$2B$2.5B$2.6B
Total liabilities$21.5B$362.7B$385.7B$409.7B$28.1B$27B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reinsurance recoverables$8.2B———$10.3B—
Investments - Amortized Cost Basis$358M$358M$101M$227.7B$228.2B$231.4B
Present Value of Future Insurance Profits, Net$2.2B$2.1B$2B$1.9B$1.8B$1.7B
Total assets$377.9B$395B$419.6B$449.5B$460.9B$467.5B

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Repurchase Agreements - Gross$935M$965M$189M$183M$1.1B$150M