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Apollo Global Management APO Traditional Deferred Annuities — Deferred Policy Acquisition Cost

Other product segments

Indexed Annuities
$3.26B+31.4%
Funding Agreements
$65M+20.4%
Other investment-type and other
$36M+200%

Similar metrics at other companies

U-Haul Holding logo
UHALDeferred Fixed Annuity — Deferred Policy Acquisition Costs
$56.98M-5.8%
Prudential Financial logo
PRUAnnuities — Deferred Policy Acquisition Cost
$2.25B-9.8%
Principal Financial Group logo
PFGDeferred Fixed Annuity — Deferred Policy Acquisition Costs
$58.8M-22.3%
U-Haul Holding logo
UHALDeferred Fixed Annuity — Deferred Policy Acquisition Costs Additions
$938K-62.1%
Brighthouse Financial logo
BHFFixed Rate Annuities — Deferred Policy Acquisition Cost
$120M+3.4%
Cincinnati Financial logo
CINFDeferred Fixed Annuity — Deferred policy acquisition costs
$8M+14.3%

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:DeferredPolicyAcquisitionCosts.

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 traditional deferred annuities — deferred policy acquisition cost?
Apollo Global Management (APO) reported traditional deferred annuities — deferred policy acquisition cost of $1.51B in Q1 2026.
How has Apollo Global Management's traditional deferred annuities — deferred policy acquisition cost changed year-over-year?
Apollo Global Management's traditional deferred annuities — deferred policy acquisition cost increased by 14.7% year-over-year, from $1.32B to $1.51B.
What is the long-term trend for Apollo Global Management's traditional deferred annuities — deferred policy acquisition cost?
Over 3 years (2022 to 2025), Apollo Global Management's traditional deferred annuities — deferred policy acquisition cost has grown at a 116.2% compound annual growth rate (CAGR), from $555M to $5.61B.
What does traditional deferred annuities — deferred policy acquisition cost mean?
This represents the capitalized costs associated with acquiring new insurance or annuity contracts that are expected to be recovered from future revenues. It reflects the investment made in distribution and underwriting to secure long-term policyholder assets.