Reconciling items — Future policy benefits
Apollo Global Management Reconciling items — Future policy benefits increased by 2.6% to $5.81B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 0.1%, from $5.81B to $5.81B. Over 3 years (FY 2022 to FY 2025), Reconciling items — Future policy benefits shows relatively stable performance with a -0.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase reflects a growing long-term liability base, which requires careful capital management, while a decrease may signal a reduction in long-term insurance risk or changes in actuarial modeling.
Detailed definition
This metric represents the estimated liability for future insurance benefits that are expected to be paid to policyholde...
Peer comparison
Comparable to 'Future Policy Benefits' or 'Insurance Contract Liabilities' reported by major insurance and retirement service providers.
apo_segment_reconciling_items_future_policy_benefitsHistorical Data
| 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 | $6.09B | $5.90B | $5.77B | $5.69B | $5.74B | $5.82B | $5.83B | $6.10B | $6.03B | $5.94B | $6.04B | $5.81B | $5.79B | $5.75B | $5.67B | $5.81B |
| QoQ Change | — | -3.1% | -2.2% | -1.4% | +0.9% | +1.3% | +0.3% | +4.5% | -1.0% | -1.5% | +1.6% | -3.8% | -0.4% | -0.8% | -1.3% | +2.6% |
| YoY Change | — | — | — | — | -5.8% | -1.5% | +1.1% | +7.2% | +5.2% | +2.2% | +3.5% | -4.7% | -4.1% | -3.3% | -6.1% | +0.1% |
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Frequently Asked Questions
- What is Apollo Global Management's reconciling items — future policy benefits?
- Apollo Global Management (APO) reported reconciling items — future policy benefits of $5.81B in Q4 2025.
- How has Apollo Global Management's reconciling items — future policy benefits changed year-over-year?
- Apollo Global Management's reconciling items — future policy benefits increased by 0.1% year-over-year, from $5.81B to $5.81B.
- What is the long-term trend for Apollo Global Management's reconciling items — future policy benefits?
- Over 3 years (2022 to 2025), Apollo Global Management's reconciling items — future policy benefits has grown at a -0.6% compound annual growth rate (CAGR), from $23.45B to $23.02B.
- What does reconciling items — future policy benefits mean?
- The amount of money the company sets aside to cover future insurance claims and benefits for policyholders.