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ADT ADT Deferred policy acquisition costs

Deferred policy acquisition costs at other companies

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$6.07B+4.9%

Other financials

Income statement

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Revenue$1.3B+0.9%
Operating income$325.4M+1.9%
Net income$168.4M+20.1%
EPS (diluted)$0.19+26.7%

Balance sheet

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Cash & equivalents$151.8M+66.5%
Total debt$8.1B-0.8%
Total equity$3.8B+5.0%
Total assets$15.9B+0.5%

Cash flow

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Operating cash flow$638.1M+36.7%
CapEx$48.9M+7.7%
Free cash flow$589.2M+39.9%

Valuation

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Market cap$5B-22.7%
Enterprise value$12.97B-11.3%
P/E-3.8×
P/S-0.3×

Profitability

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Operating margin25.6%+0.8pp
Net margin12.1%+1.1pp
FCF margin36.5%0.0pp

Returns & leverage

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Return on equity16.8%+1.9pp
Debt / equity2.1×-0.1×
Current ratio0.8×+0.1×

Where this comes from

Reported directly by ADT in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCosts.

The official record: ADT’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ADT's deferred policy acquisition costs?
ADT (ADT) reported deferred policy acquisition costs of $1.48B in Q1 2026.
How has ADT's deferred policy acquisition costs changed year-over-year?
ADT's deferred policy acquisition costs increased by 9.0% year-over-year, from $1.36B to $1.48B.
What is the long-term trend for ADT's deferred policy acquisition costs?
Over 5 years (2020 to 2025), ADT's deferred policy acquisition costs has grown at a 17.3% compound annual growth rate (CAGR), from $654.02M to $1.45B.
What does deferred policy acquisition costs mean?
These are incremental costs directly related to the successful acquisition of new insurance contracts that are capitalized and amortized over the expected life of the policy. This metric reflects the upfront investment required to grow the insurance portfolio and provides insight into the long-term profitability of the underwriting business. Tracking this helps investors understand the timing of expenses relative to the recognition of premium revenue.