Apollo Global Management Funding agreements — Deferred Policy Acquisition Costs, Amortization Expense increased by 33.3% to $8.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 100.0%, from $4.00M to $8.00M. Over 3 years (FY 2022 to FY 2025), Funding agreements — Deferred Policy Acquisition Costs, Amortization Expense shows an upward trend with a 102.7% CAGR.
Increasing amortization often follows periods of high business growth, while a spike may signal a change in expected contract duration.
This represents the periodic expense recognized as capitalized acquisition costs are systematically written off over the...
Standard accounting practice for insurance-linked products; comparable to DAC amortization in peer financial firms.
apo_segment_funding_agreements_deferred_policy_acquisition_costs_amortization_expense| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.00M | $0.00 | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $2.00M | $3.00M | $3.00M | $4.00M | $5.00M | $6.00M | $6.00M | $8.00M |
| QoQ Change | — | -100.0% | — | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +100.0% | +50.0% | +0.0% | +33.3% | +25.0% | +20.0% | +0.0% | +33.3% |
| YoY Change | — | — | — | — | +0.0% | — | +0.0% | +0.0% | +100.0% | +200.0% | +200.0% | +300.0% | +150.0% | +100.0% | +100.0% | +100.0% |