Indexed Annuities — Deferred Policy Acquisition Costs, Amortization Expense
Apollo Global Management Indexed Annuities — Deferred Policy Acquisition Costs, Amortization Expense increased by 9.6% to $80.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 50.9%, from $53.00M to $80.00M. Over 3 years (FY 2022 to FY 2025), Indexed Annuities — Deferred Policy Acquisition Costs, Amortization Expense shows an upward trend with a 111.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Rising amortization often follows periods of high sales growth, whereas declining amortization may signal a maturing portfolio or lower historical acquisition activity.
Detailed definition
This represents the periodic expense recognized in the income statement as the capitalized acquisition costs are systema...
Peer comparison
Standard amortization of DAC found in all life insurance and annuity financial statements.
apo_segment_indexed_annuities_deferred_policy_acquisition_costs_amortization_expenseHistorical Data
| 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 | $1.00M | $7.00M | $9.00M | $12.00M | $18.00M | $23.00M | $28.00M | $32.00M | $39.00M | $43.00M | $49.00M | $53.00M | $58.00M | $64.00M | $73.00M | $80.00M |
| QoQ Change | — | +600.0% | +28.6% | +33.3% | +50.0% | +27.8% | +21.7% | +14.3% | +21.9% | +10.3% | +14.0% | +8.2% | +9.4% | +10.3% | +14.1% | +9.6% |
| YoY Change | — | — | — | — | >999% | +228.6% | +211.1% | +166.7% | +116.7% | +87.0% | +75.0% | +65.6% | +48.7% | +48.8% | +49.0% | +50.9% |
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Frequently Asked Questions
- What is Apollo Global Management's indexed annuities — deferred policy acquisition costs, amortization expense?
- Apollo Global Management (APO) reported indexed annuities — deferred policy acquisition costs, amortization expense of $80.00M in Q4 2025.
- How has Apollo Global Management's indexed annuities — deferred policy acquisition costs, amortization expense changed year-over-year?
- Apollo Global Management's indexed annuities — deferred policy acquisition costs, amortization expense increased by 50.9% year-over-year, from $53.00M to $80.00M.
- What is the long-term trend for Apollo Global Management's indexed annuities — deferred policy acquisition costs, amortization expense?
- Over 3 years (2022 to 2025), Apollo Global Management's indexed annuities — deferred policy acquisition costs, amortization expense has grown at a 111.7% compound annual growth rate (CAGR), from $29.00M to $275.00M.
- What does indexed annuities — deferred policy acquisition costs, amortization expense mean?
- The annual expense recognized from writing off previously capitalized acquisition costs.