Indexed annuities — Market risk benefits, net
Apollo Global Management Indexed annuities — Market risk benefits, net increased by 2.3% to $4.51B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 28.0%, from $3.53B to $4.51B. Over 3 years (FY 2022 to FY 2025), Indexed annuities — Market risk benefits, net shows an upward trend with a 18.3% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
Fluctuations reflect changes in market conditions and the company's hedging effectiveness for these specific guarantees.
Detailed definition
The net fair value of market risk benefits associated with annuity contracts, reflecting the cost of providing guarantee...
Peer comparison
Standard under LDTI (Long-Duration Targeted Improvements) accounting for insurance companies.
apo_segment_indexed_annuities_market_risk_benefits_netHistorical 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 | $5.39B | $3.23B | $2.49B | $2.12B | $2.32B | $2.58B | $2.58B | $2.42B | $3.18B | $3.15B | $3.17B | $3.89B | $3.53B | $3.88B | $4.02B | $4.41B | $4.51B |
| QoQ Change | — | -40.1% | -22.8% | -15.0% | +9.4% | +11.4% | +0.0% | -6.2% | +31.3% | -0.9% | +0.5% | +22.8% | -9.3% | +10.2% | +3.5% | +9.7% | +2.3% |
| YoY Change | — | — | — | — | -57.0% | -20.0% | +3.6% | +14.3% | +37.2% | +22.0% | +22.6% | +60.5% | +10.8% | +23.2% | +26.8% | +13.4% | +28.0% |
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Frequently Asked Questions
- What is Apollo Global Management's indexed annuities — market risk benefits, net?
- Apollo Global Management (APO) reported indexed annuities — market risk benefits, net of $4.51B in Q4 2025.
- How has Apollo Global Management's indexed annuities — market risk benefits, net changed year-over-year?
- Apollo Global Management's indexed annuities — market risk benefits, net increased by 28.0% year-over-year, from $3.53B to $4.51B.
- What is the long-term trend for Apollo Global Management's indexed annuities — market risk benefits, net?
- Over 3 years (2022 to 2025), Apollo Global Management's indexed annuities — market risk benefits, net has grown at a 18.3% compound annual growth rate (CAGR), from $10.16B to $16.82B.
- What does indexed annuities — market risk benefits, net mean?
- The net value of market-linked guarantees provided to annuity holders.