APOS — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-07

• Equity market performance declined during the first quarter of 2026. In the U.S., the S&P 500 Index decreased by 4.6% during the first quarter of 2026, following an increase of 2.3% in the fourth quarter of 2025. Global equity markets decreased during the quarter, with the MSCI All Country World ex …

• Conditions in the credit markets may have a significant impact on our business. Credit fundamentals are improving: default rates in both high yield and leveraged loans are declining, distressed exchanges are easing, and at this time a broad credit cycle deterioration does not appear likely. Credit m…

• In terms of economic conditions in the U.S., the Bureau of Economic Analysis reported real GDP increased at an annual rate of 2.0% in the first quarter of 2026, following an increase of 0.5% in the fourth quarter of 2025. As of April 2026, the International Monetary Fund estimated the U.S. economy w…

• Foreign exchange rates can materially impact the valuations of our investments and those of the funds we manage that are denominated in currencies other than the U.S. dollar. Strong foreign demand for U.S. assets remains an important support for the U.S. dollar. The U.S. dollar strengthened in the f…

• We are actively monitoring the developments in Ukraine resulting from the Russia/Ukraine conflict and the economic sanctions and restrictions imposed against Russia, Belarus, and certain Russian and Belarusian entities and individuals. The Company continues to (i) identify and assess any exposure to…

Text removed vs the prior filing · source: 10-Q · 2025-11-10

• The diagram below depicts our current organizational structure:

• Note: The organizational structure chart above depicts a simplified version of the Apollo structure. It does not include all legal entities in the structure.

• Equity market performance was strong during the third quarter of 2025. In the U.S., the S&P 500 Index increased by 7.8% during the third quarter of 2025, following an increase of 10.6% in the second quarter of 2025. Global equity markets increased

• during the quarter, with the MSCI All Country World ex USA Index increasing by 5.4%, following an increase of 12.3% in the second quarter of 2025.

• Conditions in the credit markets also have a significant impact on our business. Credit markets were positive in the third quarter of 2025, with the BofAML HY Master II Index increasing by 2.4%, while the Morningstar/LSTA Leveraged Loan Index increased by 2.0%.

Text added vs the prior filing · source: 10-Q · 2026-05-07

• Assuming a 25 basis point increase in interest rates that persists for a 12-month period, the estimated impact to spread related earnings due to the change in net investment spread from floating rate assets and liabilities would be an increase of

• approximately $10 to $15 million, and a 25 basis point decrease would generally result in a similar decrease. This is calculated without regard to future changes to assumptions and excludes the impact of rate changes on cash and cash equivalents. As of March 31, 2026 the balance in cash and cash equ…

Text removed vs the prior filing · source: 10-Q · 2025-11-10

• Assuming a 25 basis point increase in interest rates that persists for a 12-month period, the estimated impact to spread related earnings due to the change in net investment spread from floating rate assets and liabilities would be an increase of approximately $10 to $15 million, and a 25 basis poin…

• reinsurance impacts and the net derivative collateral offsetting the related cash positions, was $11.0 billion, net of the amount attributable to the noncontrolling interests. The decrease in sensitivity to spread related earnings due to the change in net investment spread from floating rate assets …

Text added vs the prior filing · source: 10-Q · 2026-05-07

• On February 10, 2026, James Belardi, Executive Chairman and Chief Investment Officer of Athene and member of our board of directors, adopted a Rule 10b5-1 trading arrangement on behalf of an estate planning vehicle that is intended to satisfy the affirmative defense of Rule 10b5-1(c) for the sale of…

Text removed vs the prior filing · source: 10-Q · 2025-11-10

• During the three months ended September 30, 2025, no director or officer (as defined in Rule 16a-1(f) under the Exchange Act) of AGM adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.