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Apollo Global Management APO Funding Agreements — Total

Other product segments

Traditional Deferred Annuities
$114.76B
Indexed Annuities
$106.34B+6.9%
Other investment-type and other
$9.43B

Similar metrics at other companies

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KKRFunding Agreements — Policyholder Account Balance
$12.28B+52.4%
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KKRFixed Indexed Annuities — Policyholder Account Balance
$37.1B+8.0%
KKR & Co. logo
KKRFixed Rate Annuities — Policyholder Account Balance
$68.42B+3.1%
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KKROther — Policyholder Account Balance
$11.87B+23.7%
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KKRInterest Sensitive Life — Policyholder Account Balance
$21.31B-3.0%
Chubb logo
CBInsurance, Other — Policyholders' account balances
$2.69B+12.6%

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:PolicyholderFunds.

The source filing: Apollo Global Management’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 5:25 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001858681-26-000026
(In millions, except percentages)Three months ended March 31, 2026 / Traditional Deferred AnnuitiesThree months ended March 31, 2026 / Indexed AnnuitiesThree months ended March 31, 2026 / Funding AgreementsThree months ended March 31, 2026 / Other Investment-typeTotal
Benefit payments(362)(415)(3,892)(64)(4,733)
Interest credited1,2641,031899603,254
Foreign exchange(55)1(187)(56)(297)
Other(122)(38)(160)
Balance at March 31, 2026$114,763$106,336$90,737$9,425$321,261
Weighted average crediting rate4.7%2.8%4.5%3.0%
Net amount at risk$423$17,214$17
Cash surrender value107,87097,4746,627

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Apollo Global Management's funding agreements — total?
Apollo Global Management (APO) reported funding agreements — total of $90.74B in Q1 2026.
How has Apollo Global Management's funding agreements — total changed year-over-year?
Apollo Global Management's funding agreements — total increased by 42.2% year-over-year, from $63.82B to $90.74B.
What is the long-term trend for Apollo Global Management's funding agreements — total?
Over 3 years (2022 to 2025), Apollo Global Management's funding agreements — total has grown at a 41.3% compound annual growth rate (CAGR), from $109.17B to $308.21B.
What does funding agreements — total mean?
This represents the aggregate financial value or total assets under management associated with the funding agreements segment. It provides a comprehensive view of the scale of this specific business line within the broader retirement services portfolio.

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