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Apollo Global Management APO Indexed Annuities — Deferred Policy Acquisition Costs, Amortization Expense

Other product segments

Traditional Deferred Annuities
$105M+29.6%
Funding Agreements
$7M+40.0%
Other investment-type and other
$1M

Similar metrics at other companies

F&G Annuities & Life logo
FGIndexed annuities — Deferred Policy Acquisition Costs, Amortization Expense
$54M+20.0%
Brighthouse Financial logo
BHFIndex-linked Annuities — Deferred Policy Acquisition Costs, Amortization Expense
$77M+20.3%
KKR & Co. logo
KKRFixed Indexed Annuities — Deferred Policy Acquisition Costs, Amortization Expense
$44.41M+34.6%
Fidelity National Financial logo
FNFIndexed annuities — Deferred Policy Acquisition Costs, Amortization Expense
$54M+20.0%
Brighthouse Financial logo
BHFFixed Rate Annuities — Deferred Policy Acquisition Costs, Amortization Expense
$1M
F&G Annuities & Life logo
FGIndexed annuities — Deferred Policy Acquisition Cost
$2.28B+16.5%

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 indexed annuities — deferred policy acquisition costs, amortization expense?
Apollo Global Management (APO) reported indexed annuities — deferred policy acquisition costs, amortization expense of $84M in Q1 2026.
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 44.8% year-over-year, from $58M to $84M.
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 $29M to $275M.
What does indexed annuities — deferred policy acquisition costs, amortization expense mean?
This represents the periodic expense recognized in the income statement as the capitalized acquisition costs are systematically written off. It reflects the matching of acquisition expenses against the revenue generated over the duration of the annuity contracts.