Apollo Global Management Funding agreements — Deferred Policy Acquisition Cost decreased by 10.8% to $66.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 65.0%, from $40.00M to $66.00M. Over 3 years (FY 2022 to FY 2025), Funding agreements — Deferred Policy Acquisition Cost shows an upward trend with a 78.2% CAGR.
An increase suggests higher investment in business growth, while a decrease may indicate reduced acquisition activity or higher amortization.
This represents the capitalized costs associated with acquiring new funding agreement contracts that are expected to be...
Common in insurance and annuity providers; comparable to deferred acquisition costs (DAC) in life insurance.
apo_segment_funding_agreements_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 | $10.00M | $12.00M | $11.00M | $11.00M | $10.00M | $10.00M | $10.00M | $10.00M | $26.00M | $29.00M | $38.00M | $40.00M | $54.00M | $55.00M | $74.00M | $66.00M |
| QoQ Change | — | — | +20.0% | -8.3% | +0.0% | -9.1% | +0.0% | +0.0% | +0.0% | +160.0% | +11.5% | +31.0% | +5.3% | +35.0% | +1.9% | +34.5% | -10.8% |
| YoY Change | — | — | — | — | — | +0.0% | -16.7% | -9.1% | -9.1% | +160.0% | +190.0% | +280.0% | +300.0% | +107.7% | +89.7% | +94.7% | +65.0% |