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Apollo Global Management APO Indexed Annuities — Less: Reinsurance recoverable

Other product segments

Traditional Deferred Annuities
$0

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$5.66B+359%
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FGIndexed annuities — Less: reinsured market risk benefits
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$28.27B-4.8%
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$104M-4.6%

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:MarketRiskBenefitReinsuranceRecoverableAfterAllowance.

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 — less: reinsurance recoverable?
Apollo Global Management (APO) reported indexed annuities — less: reinsurance recoverable of $78M in Q1 2026.
How has Apollo Global Management's indexed annuities — less: reinsurance recoverable changed year-over-year?
Apollo Global Management's indexed annuities — less: reinsurance recoverable increased by 66.0% year-over-year, from $47M to $78M.
What does indexed annuities — less: reinsurance recoverable mean?
This metric represents the portion of insurance liabilities ceded to third-party reinsurers that the company expects to recover. It reflects the company's risk management strategy by transferring a portion of the underwriting risk associated with indexed annuity products to external partners. A reduction in this balance typically indicates either a decrease in ceded risk or a settlement of claims by the reinsurer.