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Apollo Global Management APO Funding Agreements — Deferred Policy Acquisition Costs, Amortization Expense

Other product segments

Traditional Deferred Annuities
$105M+29.6%
Indexed Annuities
$84M+44.8%
Other investment-type and other
$1M

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SIGIDeferred Policy Acquisition Costs, Amortization Expense
$248.05M-0.9%
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AGODeferred Policy Acquisition Costs, Amortization Expense
$5M0.0%
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$30.8M+3.0%
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ACICDeferred Policy Acquisition Costs, Amortization Expense
$22.39M-4.6%

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:DeferredPolicyAcquisitionCostAmortizationExpense.

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 costs, amortization expense?
Apollo Global Management (APO) reported funding agreements — deferred policy acquisition costs, amortization expense of $7M in Q1 2026.
How has Apollo Global Management's funding agreements — deferred policy acquisition costs, amortization expense changed year-over-year?
Apollo Global Management's funding agreements — deferred policy acquisition costs, amortization expense increased by 40.0% year-over-year, from $5M to $7M.
What is the long-term trend for Apollo Global Management's funding agreements — deferred policy acquisition costs, amortization expense?
Over 3 years (2022 to 2025), Apollo Global Management's funding agreements — deferred policy acquisition costs, amortization expense has grown at a 102.7% compound annual growth rate (CAGR), from $3M to $25M.
What does funding agreements — deferred policy acquisition costs, amortization expense mean?
This represents the periodic expense recognized as capitalized acquisition costs are systematically written off over the life of the funding agreements. It reflects the matching of acquisition expenses with the revenue generated by the underlying contracts.