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Apollo Global Management APO Indexed Annuities — Policyholder Account Balance, Surrender and Withdrawal

Other product segments

Traditional Deferred Annuities
$2.41B+84.4%
Funding Agreements
$47M
Other investment-type and other
$26M+36.8%

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$1.01B-35.7%
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CNOFixed indexed annuities — Policyholder Account Balance, Surrender and Withdrawal
$250.7M+13.1%
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HMNFixed Indexed Account Annuities — Policyholder Account Balance, Surrender and Withdrawal
$10.1M-9.8%
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CBAnnuities — Policyholder Account Balance, Surrender and Withdrawal
$8M-11.1%

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

See full
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:PolicyholderAccountBalanceSurrenderAndWithdrawal.

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
Balance at December 31, 2025$109,201$105,317$85,555$8,821$308,894
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)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Apollo Global Management's indexed annuities — policyholder account balance, surrender and withdrawal?
Apollo Global Management (APO) reported indexed annuities — policyholder account balance, surrender and withdrawal of $2.82B in Q1 2026.
How has Apollo Global Management's indexed annuities — policyholder account balance, surrender and withdrawal changed year-over-year?
Apollo Global Management's indexed annuities — policyholder account balance, surrender and withdrawal decreased by 0.2% year-over-year, from $2.82B to $2.82B.
What is the long-term trend for Apollo Global Management's indexed annuities — policyholder account balance, surrender and withdrawal?
Over 3 years (2022 to 2025), Apollo Global Management's indexed annuities — policyholder account balance, surrender and withdrawal has grown at a 13.2% compound annual growth rate (CAGR), from $8.06B to $11.7B.
What does indexed annuities — policyholder account balance, surrender and withdrawal mean?
This tracks the total outflows from policyholder accounts due to contract surrenders or partial withdrawals. It is a critical measure of policyholder retention and liquidity risk within the annuity portfolio.

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