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Apollo Global Management APO Whole Life — Foreign exchange

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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$74.73B-10.4%
Enterprise value$65.2B-19.1%
P/E65.3×+40.6×
P/S2.4×-0.9×

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:LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitForeignExchange.

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 and years)Payout Annuities with Life ContingenciesWhole LifeTotal
Issuances1274131
Interest accrual43343476
Benefit payments(1,082)(88)(1,170)
Foreign exchange(14)(38)(52)
Ending balance at original discount rate47,4824,71852,200
Effect of changes in discount rate assumptions(6,753)(1,151)(7,904)
Effect of foreign exchange on the change in discount rate assumptions(14)6147
Ending balance, present value of expected future policy benefits40,7153,62844,343

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Apollo Global Management's whole life — foreign exchange?
Apollo Global Management (APO) reported whole life — foreign exchange of -$38M in Q1 2026.
How has Apollo Global Management's whole life — foreign exchange changed year-over-year?
Apollo Global Management's whole life — foreign exchange decreased by 126.6% year-over-year, from $143M to -$38M.
What does whole life — foreign exchange mean?
This metric represents the impact of currency fluctuations on the valuation of liabilities for future policy benefits within the whole life insurance segment. It captures gains or losses arising from the translation of non-functional currency denominated obligations into the reporting currency. This is critical for assessing the sensitivity of insurance reserves to global macroeconomic volatility.

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