Non-Current Assets
Deferred policy acquisition costs
Apollo Global Management Deferred policy acquisition costs increased by 50.1% to $1.12B in Q4 2022 compared to the prior quarter.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ4 2014
Last reportedQ1 2026
How to read this metric
An increase suggests strong new business production, while a decrease may indicate a slowdown in new policy acquisition.
Detailed definition
These are the incremental costs directly related to acquiring new insurance contracts, such as commissions and underwrit...
Peer comparison
Standard across the insurance industry, though amortization periods vary by product type.
Metric ID:
ins_deferred_policy_acquisition_costsHistorical Data
5 periods
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | |
|---|---|---|---|---|---|
| Value | $0.00 | $214.00M | $433.00M | $748.00M | $1.12B |
| QoQ Change | — | — | +102.3% | +72.7% | +50.1% |
Range$0.00 – $1.12B
Current Streak3+ quarters growth
Product Breakdown
| Segment | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Indexed Annuities | $1.77B | $1.96B | $2.14B | $2.28B | $2.48B | $2.72B | $2.95B | $3.14B |
| Traditional Deferred Annuities | — | — | — | — | — | — | $1.47B | $1.47B |
| Funding agreements | $26.00M | $29.00M | $38.00M | $40.00M | $54.00M | $55.00M | $74.00M | $66.00M |
| Other Investment-type and other | — | — | — | — | — | $15.00M | $17.00M | $25.00M |
| Total | — | — | — | — | — | — | — | — |
Deferred policy acquisition costs at Other Companies
Frequently Asked Questions
- What is Apollo Global Management's deferred policy acquisition costs?
- Apollo Global Management (APO) reported deferred policy acquisition costs of $1.12B in Q4 2022.
- What does deferred policy acquisition costs mean?
- Upfront costs of selling insurance policies that are spread out over the life of the policy rather than expensed immediately.