APOS — what changed in the latest 10-Q
A section-by-section comparison of APOS's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-10 vs the prior 10-Q · 2026-05-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +168 | −87 | ~112 | 195 |
| Market risk (Item 3) | Text added/removed | +1 | −1 | ~2 | 8 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 3 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +1 | −1 | 0 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-10
Uncertainty surrounding U.S. trade policy, the conflict with Iran and persistent inflation remain downside risks. However, U.S. economic activity remains resilient, supported by consumer spending, investment in artificial intelligence infrastructure, increased domestic manufacturing and fiscal stimu…
Inflation remains elevated, limiting the scope of monetary easing and placing upward pressure on shorter term rates. Simultaneously, fiscal deficits and increased U.S. Treasury issuances may place upward pressure on longer term rates, increasing the likelihood that interest rates and credit yields r…
We carefully monitor economic and market conditions, including global inflation, that could potentially give rise to global market volatility and affect our business operations, investment portfolios and derivatives. U.S. inflation remains elevated, with the U.S. Bureau of Labor Statistics reporting…
Equity market performance was strong during the second quarter of 2026. In the U.S., the S&P 500 Index increased by 14.9% during the second quarter of 2026, following a decrease of 4.6% in the first quarter of 2026. Global equity markets increased during the quarter, with the MSCI All Country World …
Conditions in the credit markets may have a significant impact on our business. Credit fundamentals remain generally constructive, with default rates in high yield bonds and leveraged loans declining and distressed exchanges moderating. Current stresses in software and artificial intelligence relate…
Text removed vs the prior filing · source: 10-Q · 2026-05-07
The ongoing uncertainty regarding U.S. trade policy, the conflict with Iran and continued inflationary pressures pose a downside risk to the current economic outlook. However, solid growth in the U.S. has resulted in the risk of a recession remaining modest. Tariffs, which are inflationary in nature…
We carefully monitor economic and market conditions, including global inflation, that could potentially give rise to global market volatility and affect our business operations, investment portfolios and derivatives. U.S. inflation remains elevated, with the U.S. Bureau of Labor Statistics reporting…
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…
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-08-10
approximately $10 million, and a 25 basis point decrease would generally result in a similar decrease. This is calculated without regard to future changes to assumptions. Athene’s floating rate asset position includes floating rate investments and cash and cash equivalents on a net invested asset ba…
Text removed vs the prior filing · source: 10-Q · 2026-05-07
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…
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-10
On June 10, 2026, John Zito, Co-President of AAM, terminated a trading arrangement intended to satisfy the affirmative defense of Rule 10b5-1(c). The trading arrangement was entered into on March 12, 2026, and was scheduled to terminate on December 31, 2026. The plan provided for the potential sale …
Text removed 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…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice