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

Other product segments

Indexed Annuities
$2.82B-0.2%
Funding Agreements
$47M
Other investment-type and other
$26M+36.8%

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$181M+1.7%
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JXNPayout Annuities — Policyholder Account Balance, Surrender and Withdrawal
$66M+4.8%
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FNFIndexed annuities — Policyholder Account Balance, Surrender and Withdrawal
$978M+290%
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BHFVariable Annuities — Policyholder Account Balance, Surrender and Withdrawal
$132M-10.8%

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 traditional deferred annuities — policyholder account balance, surrender and withdrawal?
Apollo Global Management (APO) reported traditional deferred annuities — policyholder account balance, surrender and withdrawal of $2.41B in Q1 2026.
How has Apollo Global Management's traditional deferred annuities — policyholder account balance, surrender and withdrawal changed year-over-year?
Apollo Global Management's traditional deferred annuities — policyholder account balance, surrender and withdrawal increased by 84.4% year-over-year, from $1.31B to $2.41B.
What is the long-term trend for Apollo Global Management's traditional deferred annuities — policyholder account balance, surrender and withdrawal?
Over 3 years (2022 to 2025), Apollo Global Management's traditional deferred annuities — policyholder account balance, surrender and withdrawal has grown at a 20.0% compound annual growth rate (CAGR), from $5.42B to $9.36B.
What does traditional deferred annuities — policyholder account balance, surrender and withdrawal mean?
This represents the outflows of capital resulting from policyholders withdrawing funds or surrendering their annuity contracts before maturity. High levels can indicate poor retention or competitive pressure.

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