Apollo Global Management Inc
For the period ended Dec 31, 2024. Filed Feb 24, 2025.
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FY2024 · Filed Feb 24, 2025
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) | 2024 | 2023 | 2022 |
| Revenues | |||
| Asset Management | |||
| Management fees | $1,899 | $1,772 | $1,503 |
| Advisory and transaction fees, net | 822 | 623 | 443 |
| Investment income (loss) | 1,305 | 1,032 | 796 |
| Incentive fees | 150 | 80 | 27 |
| 4,176 | 3,507 | 2,769 | |
| Retirement Services | |||
| Premiums | 1,318 | 12,749 | 11,638 |
| Product charges | 1,016 | 848 | 718 |
| Net investment income | 15,718 | 12,080 | 8,148 |
| Investment related gains (losses) | 2,045 | 1,428 | (12,717) |
| Revenues of consolidated variable interest entities | 1,822 | 1,441 | 440 |
| Other revenues | 19 | 591 | (28) |
| 21,938 | 29,137 | 8,199 | |
| Total Revenues | 26,114 | 32,644 | 10,968 |
| Expenses | |||
| Asset Management | |||
| Compensation and benefits | 2,608 | 2,722 | 1,943 |
| Interest expense | 226 | 145 | 124 |
| General, administrative and other | 1,170 | 872 | 682 |
| 4,004 | 3,739 | 2,749 | |
| Retirement Services | |||
| Interest sensitive contract benefits | 8,949 | 6,229 | 538 |
| Future policy and other policy benefits | 3,054 | 14,434 | 12,465 |
| Market risk benefits remeasurement (gains) losses | (102) | 404 | (1,657) |
| Amortization of deferred acquisition costs, deferred sales inducements and value of business acquired | 941 | 688 | 444 |
| Policy and other operating expenses | 2,136 | 1,837 | 1,372 |
| 14,978 | 23,592 | 13,162 | |
| Total Expenses | 18,982 | 27,331 | 15,911 |
| Other income (loss) – Asset Management | |||
| Net gains (losses) from investment activities | 58 | 7 | 165 |
| Net gains (losses) from investment activities of consolidated variable interest entities | 90 | 130 | 494 |
| Other income (loss), net | 155 | 136 | 38 |
| Total Other income (loss) | 303 | 273 | 697 |
| Income (loss) before income tax (provision) benefit | 7,435 | 5,586 | (4,246) |
| Income tax (provision) benefit | (1,062) | 923 | 739 |
| Net income (loss) | 6,373 | 6,509 | (3,507) |
| Net (income) loss attributable to non-controlling interests | (1,796) | (1,462) | 1,546 |
| Net income (loss) attributable to Apollo Global Management, Inc. | 4,577 | 5,047 | (1,961) |
| Preferred stock dividends | (97) | (46) | — |
| Net income (loss) attributable to Apollo Global Management, Inc. common stockholders | $4,480 | $5,001 | $(1,961) |
| Earnings (loss) per share | |||
| Net income (loss) attributable to common stockholders - Basic | $7.39 | $8.32 | $(3.43) |
| Net income (loss) attributable to common stockholders - Diluted | $7.33 | $8.28 | $(3.43) |
| Weighted average shares outstanding – Basic | 586.1 | 581.4 | 584.7 |
| Weighted average shares outstanding – Diluted | 604.0 | 588.8 | 584.7 |
| See accompanying notes to the consolidated financial statements. | |||
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