Apollo Global Management Traditional Deferred Annuities — Deferred Policy Acquisition Cost increased by 0.3% to $1.47B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 27.0%, from $1.16B to $1.47B. Over 3 years (FY 2022 to FY 2025), Traditional Deferred Annuities — Deferred Policy Acquisition Cost shows an upward trend with a 116.2% CAGR.
An increase suggests higher investment in business growth, while a decrease may indicate reduced sales activity or a shift in acquisition strategy.
This represents the capitalized costs associated with acquiring new insurance or annuity contracts that are expected to...
Commonly reported as Deferred Acquisition Costs (DAC) by life insurance and annuity providers.
apo_segment_traditional_deferred_annuities_deferred_policy_acquisition_cost| Q4 '21 | 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 | $0.00 | $24.00M | $57.00M | $170.00M | $304.00M | $459.00M | $560.00M | $656.00M | $890.00M | $986.00M | $1.06B | $1.12B | $1.16B | $1.32B | $1.36B | $1.47B | $1.47B |
| QoQ Change | — | — | +137.5% | +198.2% | +78.8% | +51.0% | +22.0% | +17.1% | +35.7% | +10.8% | +7.3% | +5.7% | +3.6% | +13.6% | +3.2% | +8.0% | +0.3% |
| YoY Change | — | — | — | — | — | >999% | +882.5% | +285.9% | +192.8% | +114.8% | +88.9% | +70.4% | +30.1% | +33.4% | +28.3% | +31.1% | +27.0% |