Indexed annuities — Market risk benefits
Apollo Global Management Indexed annuities — Market risk benefits increased by 2.0% to $4.73B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 23.1%, from $3.84B to $4.73B. Over 3 years (FY 2022 to FY 2025), Indexed annuities — Market risk benefits shows an upward trend with a 13.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
A significant increase in this liability may signal higher market risk exposure or adverse changes in market conditions affecting guarantee costs.
Detailed definition
This metric measures the fair value of liabilities associated with guarantees that provide policyholders with protection...
Peer comparison
Comparable to 'Market Risk Benefit' (MRB) liabilities or 'Guaranteed Minimum Benefit' reserves under GAAP accounting standards.
apo_segment_indexed_annuities_market_risk_benefitsHistorical Data
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $4.56B | $3.64B | $2.98B | $2.63B | $2.80B | $3.02B | $3.02B | $2.85B | $3.56B | $3.53B | $3.54B | $4.20B | $3.84B | $4.17B | $4.29B | $4.63B | $4.73B |
| QoQ Change | — | -20.1% | -18.1% | -11.8% | +6.5% | +8.0% | -0.2% | -5.4% | +24.7% | -0.7% | +0.1% | +18.7% | -8.6% | +8.6% | +3.0% | +7.8% | +2.0% |
| YoY Change | — | — | — | — | -38.6% | -17.0% | +1.1% | +8.5% | +27.1% | +16.9% | +17.3% | +47.2% | +7.8% | +17.9% | +21.4% | +10.2% | +23.1% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Apollo Global Management's indexed annuities — market risk benefits?
- Apollo Global Management (APO) reported indexed annuities — market risk benefits of $4.73B in Q4 2025.
- How has Apollo Global Management's indexed annuities — market risk benefits changed year-over-year?
- Apollo Global Management's indexed annuities — market risk benefits increased by 23.1% year-over-year, from $3.84B to $4.73B.
- What is the long-term trend for Apollo Global Management's indexed annuities — market risk benefits?
- Over 3 years (2022 to 2025), Apollo Global Management's indexed annuities — market risk benefits has grown at a 13.9% compound annual growth rate (CAGR), from $12.05B to $17.82B.
- What does indexed annuities — market risk benefits mean?
- The estimated cost of the guarantees provided to policyholders that protect them against market downturns.