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Apollo Global Management APO Retirement Services — Investment gains (losses), net of offsets

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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 apo:GainLossOnInvestmentsNetOfOffsets.

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 retirement services — investment gains (losses), net of offsets?
Apollo Global Management (APO) reported retirement services — investment gains (losses), net of offsets of -$696M in Q1 2026.
How has Apollo Global Management's retirement services — investment gains (losses), net of offsets changed year-over-year?
Apollo Global Management's retirement services — investment gains (losses), net of offsets decreased by 560.9% year-over-year, from $151M to -$696M.
What does retirement services — investment gains (losses), net of offsets mean?
The net impact of realized and unrealized investment gains or losses, adjusted for specific offsets such as reinsurance or hedging arrangements. This metric isolates the performance of the investment portfolio from the underlying insurance product liabilities. It provides insight into the volatility and success of the firm's investment strategy within the retirement segment.