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Apollo Global Management APO Indexed Annuities — Policyholder Account Balance, Benefit Payment

Other product segments

Funding Agreements
$3.89B+40.6%
Traditional Deferred Annuities
$362M+5.8%
Other investment-type and other
$64M-25.6%

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$1M-41.2%
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BHFIndex-linked Annuities — Policyholder Account Balance, Benefit Payment
$118M+35.6%

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$74.73B-10.4%
Enterprise value$65.2B-19.1%
P/E65.3×+40.6×
P/S2.4×-0.9×

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:PolicyholderAccountBalanceBenefitPayment.

The source filing: Apollo Global Management’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 5:25 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001858681-26-000026
(In millions, except percentages)Three months ended March 31, 2026 / Traditional Deferred AnnuitiesThree months ended March 31, 2026 / Indexed AnnuitiesThree months ended March 31, 2026 / Funding AgreementsThree months ended March 31, 2026 / Other Investment-typeTotal
Deposits7,1223,4308,53172819,811
Policy charges(210)(210)
Surrenders and withdrawals(2,407)(2,818)(47)(26)(5,298)
Benefit payments(362)(415)(3,892)(64)(4,733)
Interest credited1,2641,031899603,254
Foreign exchange(55)1(187)(56)(297)
Other(122)(38)(160)
Balance at March 31, 2026$114,763$106,336$90,737$9,425$321,261

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Apollo Global Management's indexed annuities — policyholder account balance, benefit payment?
Apollo Global Management (APO) reported indexed annuities — policyholder account balance, benefit payment of $415M in Q1 2026.
How has Apollo Global Management's indexed annuities — policyholder account balance, benefit payment changed year-over-year?
Apollo Global Management's indexed annuities — policyholder account balance, benefit payment increased by 6.1% year-over-year, from $391M to $415M.
What is the long-term trend for Apollo Global Management's indexed annuities — policyholder account balance, benefit payment?
Over 3 years (2022 to 2025), Apollo Global Management's indexed annuities — policyholder account balance, benefit payment has grown at a -1.4% compound annual growth rate (CAGR), from $1.62B to $1.55B.
What does indexed annuities — policyholder account balance, benefit payment mean?
Represents the total cash outflows from the indexed annuity segment to policyholders for contractual benefits. This metric reflects the maturity of the annuity book and the company's obligation to fulfill periodic benefit distributions.

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