Apollo Global Management Inc
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
APO$122.74+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Years ended December 31, | |||
|---|---|---|---|
| (In millions, except per share data) | 2023 | 2022 | 2021 |
| Revenues | |||
| Asset Management | |||
| Management fees | $1,772 | $1,503 | $1,921 |
| Advisory and transaction fees, net | 623 | 443 | 302 |
| Investment income (loss) | 1,032 | 796 | 3,699 |
| Incentive fees | 80 | 27 | 29 |
| 3,507 | 2,769 | 5,951 | |
| Retirement Services | |||
| Premiums | 12,749 | 11,638 | — |
| Product charges | 848 | 718 | — |
| Net investment income | 12,080 | 8,148 | — |
| Investment related gains (losses) | 1,428 | (12,717) | — |
| Revenues of consolidated variable interest entities | 1,441 | 440 | — |
| Other revenues | 591 | (28) | — |
| 29,137 | 8,199 | — | |
| Total Revenues | 32,644 | 10,968 | 5,951 |
| Expenses | |||
| Asset Management | |||
| Compensation and benefits | 2,722 | 1,943 | 3,493 |
| Interest expense | 145 | 124 | 138 |
| General, administrative and other | 872 | 682 | 482 |
| 3,739 | 2,749 | 4,113 | |
| Retirement Services | |||
| Interest sensitive contract benefits | 6,229 | 538 | — |
| Future policy and other policy benefits | 14,434 | 12,465 | — |
| Market risk benefits remeasurement (gains) losses | 404 | (1,657) | — |
| Amortization of deferred acquisition costs, deferred sales inducements and value of business acquired | 688 | 444 | — |
| Policy and other operating expenses | 1,837 | 1,372 | — |
| 23,592 | 13,162 | — | |
| Total Expenses | 27,331 | 15,911 | 4,113 |
| Other income (loss) – Asset Management | |||
| Net gains (losses) from investment activities | 7 | 165 | 2,611 |
| Net gains (losses) from investment activities of consolidated variable interest entities | 130 | 494 | 557 |
| Other income (loss), net | 136 | 38 | (145) |
| Total Other income (loss) | 273 | 697 | 3,023 |
| Income (loss) before income tax (provision) benefit | 5,586 | (4,246) | 4,861 |
| Income tax (provision) benefit | 923 | 739 | (594) |
| Net income (loss) | 6,509 | (3,507) | 4,267 |
| Net (income) loss attributable to non-controlling interests | (1,462) | 1,546 | (2,428) |
| Net income (loss) attributable to Apollo Global Management, Inc. | 5,047 | (1,961) | 1,839 |
| Preferred stock dividends | (46) | — | (37) |
| Net income (loss) attributable to Apollo Global Management, Inc. common stockholders | $5,001 | $(1,961) | $1,802 |
| Earnings (loss) per share | |||
| Net income (loss) attributable to common stockholders - Basic | $8.32 | $(3.43) | $7.32 |
| Net income (loss) attributable to common stockholders - Diluted | $8.28 | $(3.43) | $7.32 |
| Weighted average shares outstanding – Basic | 581.4 | 584.7 | 236.6 |
| Weighted average shares outstanding – Diluted | 588.8 | 584.7 | 236.6 |
| See accompanying notes to the consolidated financial statements. | |||
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