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Apollo Global Management APO Indexed Annuities — Deferred Policy Acquisition Cost

Other product segments

Traditional Deferred Annuities
$1.51B+14.7%
Funding Agreements
$65M+20.4%
Other investment-type and other
$36M+200%

Similar metrics at other companies

F&G Annuities & Life logo
FGIndexed annuities — Deferred Policy Acquisition Cost
$2.28B+16.5%
Brighthouse Financial logo
BHFIndex-linked Annuities — Deferred Policy Acquisition Cost
$1.6B+7.2%
Fidelity National Financial logo
FNFIndexed annuities — Deferred Policy Acquisition Cost
$2.28B+16.5%
F&G Annuities & Life logo
FGIndexed annuities — Deferred Policy Acquisition Costs, Amortization Expense
$54M+20.0%
U-Haul Holding logo
UHALDeferred Fixed Annuity — Deferred Policy Acquisition Costs
$56.98M-5.8%
F&G Annuities & Life logo
FGIndexed annuities — Deferred Policy Acquisition Cost, Capitalization
$126M0.0%

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 indexed annuities — deferred policy acquisition cost?
Apollo Global Management (APO) reported indexed annuities — deferred policy acquisition cost of $3.26B in Q1 2026.
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 31.4% year-over-year, from $2.48B to $3.26B.
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?
This represents the capitalized costs associated with acquiring new annuity contracts that are expected to be recovered from future revenues. These costs typically include commissions and other direct expenses incurred to secure new business, which are deferred on the balance sheet and amortized over the life of the policy.