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Apollo Global Management APO Funding Agreements — Deferred Policy Acquisition Cost

Other product segments

Indexed Annuities
$3.26B+31.4%
Traditional Deferred Annuities
$1.51B+14.7%
Other investment-type and other
$36M+200%

Similar metrics at other companies

Corebridge Financial logo
CRBGCorporate & Other — Deferred Policy Acquisition Cost
$0-100%
Citizens logo
CIADeferred Policy Acquisition Costs, Capitalized Amount
$8.94M+1.1%
Citizens logo
CIADeferred policy acquisition costs
$224.5M+10.1%
U-Haul Holding logo
UHALDeferred Fixed Annuity — Deferred Policy Acquisition Costs
$56.98M-5.8%
Investors Title Company logo
ITICAll Other — Deferred Policy Acquisition Cost
$0
Principal Financial Group logo
PFGInvestment Only — Deferred Policy Acquisition Costs
$12.1M+4.3%

Other financials

Income statement

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Revenue$5.1B-8.8%
Net income-$1.9B-531%
EPS (diluted)-$3.27-581%

Balance sheet

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Cash & equivalents$23.7B+53.1%
Total debt$14.2B+34.4%
Total equity$20.0B+11.0%
Total assets$467.53B+18.3%

Cash flow

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Operating cash flow$1.6B+60.1%

Valuation

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Market cap$69.33B-16.5%
Enterprise value$59.8B-25.5%
P/E60.6×+35.9×
P/S2.2×-1.1×

Profitability

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Net margin3.6%-11.0pp

Returns & leverage

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Return on equity6%-15.9pp
Debt / equity0.7×+0.1×

Where this comes from

Reported directly by Apollo Global Management in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCosts.

The official record: Apollo Global Management’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Apollo Global Management's funding agreements — deferred policy acquisition cost?
Apollo Global Management (APO) reported funding agreements — deferred policy acquisition cost of $65M in Q1 2026.
How has Apollo Global Management's funding agreements — deferred policy acquisition cost changed year-over-year?
Apollo Global Management's funding agreements — deferred policy acquisition cost increased by 20.4% year-over-year, from $54M to $65M.
What is the long-term trend for Apollo Global Management's funding agreements — deferred policy acquisition cost?
Over 3 years (2022 to 2025), Apollo Global Management's funding agreements — deferred policy acquisition cost has grown at a 78.2% compound annual growth rate (CAGR), from $44M to $249M.
What does funding agreements — deferred policy acquisition cost mean?
This represents the capitalized costs associated with acquiring new funding agreement contracts that are expected to be recovered from future revenues. It reflects the investment made to secure long-term capital commitments from institutional investors.