Business Segments · Cost Of Funds
Retirement Services — Cost Of Funds
Apollo Global Management Retirement Services — Cost Of Funds increased by 3.0% to $2.74B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 29.6%, from $2.12B to $2.74B. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2020
Last reportedQ4 2025
How to read this metric
A lower cost of funds relative to investment yield indicates higher profitability, whereas an increase may compress margins if investment returns do not rise commensurately.
Detailed definition
The total expense incurred by the retirement services segment to maintain its liabilities, primarily representing the in...
Peer comparison
Similar to interest credited to policyholders or cost of capital metrics in the life insurance and annuity industry.
Metric ID:
apo_segment_retirement_services_cost_of_fundsHistorical Data
19 periods
| Q2 '21 | Q3 '21 | 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 | $0.00 | $0.00 | $0.00 | $826.40M | $885.90M | $965.50M | $1.22B | $1.24B | $1.44B | $1.38B | $1.59B | $1.72B | $1.88B | $1.98B | $2.12B | $2.21B | $2.47B | $2.66B | $2.74B |
| QoQ Change | — | — | — | — | +7.2% | +9.0% | +26.3% | +1.3% | +16.4% | -3.7% | +15.2% | +8.1% | +9.1% | +5.5% | +6.7% | +4.4% | +11.8% | +7.7% | +3.0% |
| YoY Change | — | — | — | — | — | — | — | +49.4% | +62.2% | +43.3% | +30.7% | +39.5% | +30.8% | +43.3% | +32.7% | +28.3% | +31.4% | +34.2% | +29.6% |
Range$0.00 – $2.74B
Avg YoY Growth+38.0%
Median YoY Growth+33.5%
Current Streak9 quarters growth
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Frequently Asked Questions
- What is Apollo Global Management's retirement services — cost of funds?
- Apollo Global Management (APO) reported retirement services — cost of funds of $2.74B in Q4 2025.
- How has Apollo Global Management's retirement services — cost of funds changed year-over-year?
- Apollo Global Management's retirement services — cost of funds increased by 29.6% year-over-year, from $2.12B to $2.74B.
- What does retirement services — cost of funds mean?
- The total interest and related costs paid to support the liabilities of the retirement services segment.