Products & Services · Deferred Policy Acquisition Cost
Indexed Annuities — Deferred Policy Acquisition Cost
Apollo Global Management Indexed Annuities — Deferred Policy Acquisition Cost increased by 6.4% to $3.14B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 37.6%, from $2.28B to $3.14B. Over 3 years (FY 2022 to FY 2025), Indexed Annuities — Deferred Policy Acquisition Cost shows an upward trend with a 83.7% CAGR.
Analysis
StatementSegment
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2021
Last reportedQ4 2025
Rolls up toDeferred policy acquisition costs
How to read this metric
An increase suggests higher investment in business growth, while a decrease may indicate reduced marketing or acquisition activity.
Detailed definition
This represents the capitalized costs associated with acquiring new annuity contracts that are expected to be recovered...
Peer comparison
Commonly reported by life insurance and retirement service providers as Deferred Acquisition Costs (DAC).
Metric ID:
apo_segment_indexed_annuities_deferred_policy_acquisition_costHistorical Data
17 periods
| 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 | $175.00M | $350.00M | $538.00M | $755.00M | $940.00M | $1.12B | $1.30B | $1.52B | $1.77B | $1.96B | $2.14B | $2.28B | $2.48B | $2.72B | $2.95B | $3.14B |
| QoQ Change | — | — | +100.0% | +53.7% | +40.3% | +24.5% | +19.0% | +15.7% | +17.1% | +16.8% | +10.6% | +9.0% | +6.6% | +8.8% | +9.6% | +8.5% | +6.4% |
| YoY Change | — | — | — | — | — | +437.1% | +219.7% | +140.7% | +100.9% | +88.5% | +75.2% | +65.0% | +50.2% | +39.8% | +38.6% | +37.9% | +37.6% |
Range$0.00 – $3.14B
Avg YoY Growth+110.9%
Median YoY Growth+70.1%
Current Streak15+ quarters growth
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Frequently Asked Questions
- What is Apollo Global Management's indexed annuities — deferred policy acquisition cost?
- Apollo Global Management (APO) reported indexed annuities — deferred policy acquisition cost of $3.14B in Q4 2025.
- How has Apollo Global Management's indexed annuities — deferred policy acquisition cost changed year-over-year?
- Apollo Global Management's indexed annuities — deferred policy acquisition cost increased by 37.6% year-over-year, from $2.28B to $3.14B.
- What is the long-term trend for Apollo Global Management's indexed annuities — deferred policy acquisition cost?
- Over 3 years (2022 to 2025), Apollo Global Management's indexed annuities — deferred policy acquisition cost has grown at a 83.7% compound annual growth rate (CAGR), from $1.82B to $11.28B.
- What does indexed annuities — deferred policy acquisition cost mean?
- The capitalized upfront costs of acquiring new annuity customers.