8-KEarnings & ResultsRegulation FDExhibits & Filings

Apollo Global Management, Inc. 8-K Report, Financial Results (May 9, 2023)

Filed May 9, 2023For Securities:APOAPOSAPO-PA

Summary

Apollo Global Management, Inc. (APO) filed an 8-K on May 9, 2023, primarily to announce its first quarter 2023 financial results. The filing incorporates by reference a summary press release and a detailed earnings presentation, which provide the comprehensive details of their performance during the quarter ended March 31, 2023. Investors should refer to these attached exhibits for specific financial metrics and operational updates. The report also highlights Apollo's adoption of the new Targeted Improvements to the Accounting for Long-Duration Contracts (LDTI) U.S. GAAP accounting standard. This adoption affects accounting and disclosures for long-duration insurance and investment contracts, and the updated financial supplement reflecting these changes is available on the investor relations website. Investors should be aware of this accounting standard change when reviewing the Q1 2023 results.

Key Highlights

  • 1Apollo Global Management announced its Q1 2023 financial results on May 9, 2023, via an 8-K filing.
  • 2The filing incorporates by reference a summary press release (Exhibit 99.1) and an earnings presentation (Exhibit 99.2) containing the detailed financial results.
  • 3Investors can access the Q1 2023 earnings presentation for a comprehensive overview of performance.
  • 4Apollo has adopted the U.S. GAAP accounting standard LDTI (Targeted Improvements to the Accounting for Long-Duration Contracts).
  • 5The LDTI standard impacts accounting and disclosures for long-duration insurance and investment contracts.
  • 6An updated quarterly financial supplement reflecting the LDTI adoption is available on Apollo's investor relations website (ir.apollo.com).
  • 7Information furnished in this 8-K is not deemed 'filed' for purposes of Section 18 of the Exchange Act, unless expressly incorporated into a future filing.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Apollo Global Management's financial results for the first quarter ended March 31, 2023, and to disclose the adoption of a new accounting standard.

The detailed financial results are provided in the summary press release (Exhibit 99.1) and the earnings presentation (Exhibit 99.2) which are incorporated by reference in this 8-K filing. These documents are the primary source for investors seeking specific financial performance data.

LDTI stands for Targeted Improvements to the Accounting for Long-Duration Contracts. Apollo has adopted this U.S. GAAP standard, which introduces updates to the accounting and disclosures for long-duration insurance and investment contracts. This change will be reflected in their financial reporting.

An updated quarterly financial supplement reflecting the adoption of the LDTI standard is available on Apollo's investor relations website at ir.apollo.com.