v3.24.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Premiums $ 12,749 $ 11,638  
Total Revenues 32,644 10,968 $ 5,951
Retirement Services      
Amortization of deferred acquisition costs, deferred sales inducements and value of business acquired 688 444  
Total Expenses 27,331 15,911 4,113
Other income (loss) – Asset Management      
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) 0 (37)
Net income (loss) attributable to Apollo Global Management, Inc. common stockholders, basic 5,001 (1,961) 1,802
Net income (loss) attributable to Apollo Global Management, Inc. common stockholders, diluted $ 5,001 $ (1,961) $ 1,802
Earnings (loss) per share      
Net income (loss) attributable to common stockholders - Basic (in dollars per share) $ 8.32 $ (3.43) $ 7.32
Net income (loss) attributable to common stockholders - Diluted (in dollars per share) $ 8.28 $ (3.43) $ 7.32
Weighted average shares outstanding      
Weighted average shares outstanding – Basic (in shares) 581,380,268 584,691,775 236,567,691
Weighted average shares outstanding – Diluted (in shares) 588,846,447 584,691,775 236,567,691
Asset Management      
Revenues      
Investment income (loss) $ 1,032 $ 796 $ 3,699
Investment related gains (losses)     2,611
Total Revenues 3,507 2,769  
Retirement Services      
Compensation and benefits 2,722 1,943 3,493
Interest expense 145 124 138
General, administrative and other 872 682 482
Total Expenses 3,739 2,749 4,113
Other income (loss) – Asset Management      
Other income (loss), net 136 38 (145)
Total Other income (loss) 273 697 3,023
Asset Management | Consolidated Entity, Excluding VIE      
Revenues      
Investment related gains (losses) 7 165 2,611
Asset Management | VIE, Primary Beneficiary      
Revenues      
Investment related gains (losses) 130 494 557
Retirement Services      
Interest expense 113 97 769
Asset Management | Management fees      
Revenues      
Revenues 1,772 1,503 1,921
Asset Management | Advisory and transaction fees, net      
Revenues      
Revenues 623 443 302
Asset Management | Incentive fees      
Revenues      
Revenues 80 27 29
Retirement Services      
Revenues      
Investment income (loss) 12,080 8,148 0
Premiums 12,749 11,638 0
Product charges 848 718 0
Investment related gains (losses) 1,428 (12,717) 0
Other revenues 591 (28) 0
Total Revenues 29,137 8,199 0
Retirement Services      
Interest sensitive contract benefits 6,229 538 0
Future policy and other policy benefits 14,434 12,465 0
Market risk benefits remeasurement (gains) losses 404 (1,657) 0
Amortization of deferred acquisition costs, deferred sales inducements and value of business acquired 688 444 0
Policy and other operating expenses 1,837 1,372 0
Total Expenses 23,592 13,162 0
Retirement Services | VIE, Primary Beneficiary      
Revenues      
Investment income (loss) 254 121  
Investment related gains (losses) 1,187 319  
Total Revenues $ 1,441 $ 440 $ 0