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Apollo Global Management APO Retirement Services — Policy and other operating expenses

Other segment segments

Asset Management
$201M+25.6%
Principal Investing
$15M-6.3%

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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 us-gaap:OtherCostAndExpenseOperating.

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 — policy and other operating expenses?
Apollo Global Management (APO) reported retirement services — policy and other operating expenses of $626M in Q1 2026.
How has Apollo Global Management's retirement services — policy and other operating expenses changed year-over-year?
Apollo Global Management's retirement services — policy and other operating expenses increased by 15.5% year-over-year, from $542M to $626M.
What does retirement services — policy and other operating expenses mean?
Covers the day-to-day administrative and operational costs required to manage the retirement services business, excluding acquisition-related costs. This includes personnel, technology, and general overhead necessary to maintain insurance operations. It is a primary measure of the segment's operational efficiency and cost discipline.