Business Segments · DAC, DSI and VOBA
Retirement Services — DAC, DSI and VOBA
Apollo Global Management Retirement Services — DAC, DSI and VOBA increased by 18.0% to $1.32B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 18.0%, from $1.12B to $1.32B.
Analysis
StatementSegment
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2021
Last reportedQ4 2025
How to read this metric
High levels indicate strong new business growth, but rapid amortization may signal high policy turnover or poor retention.
Detailed definition
The capitalized costs associated with acquiring new insurance contracts, including deferred acquisition costs (DAC), def...
Peer comparison
Standard insurance industry metrics for 'Deferred Acquisition Costs' and related contract assets.
Metric ID:
apo_segment_retirement_services_dac_dsi_and_vobaHistorical Data
5 periods
| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $0.00 | $946.00M | $954.00M | $1.12B | $1.32B |
| QoQ Change | — | — | +0.8% | +17.4% | +18.0% |
| YoY Change | — | — | +0.8% | +17.4% | +18.0% |
Range$0.00 – $1.32B
Avg YoY Growth+12.1%
Median YoY Growth+17.4%
Current Streak3+ quarters growth
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Frequently Asked Questions
- What is Apollo Global Management's retirement services — dac, dsi and voba?
- Apollo Global Management (APO) reported retirement services — dac, dsi and voba of $1.32B in Q4 2025.
- How has Apollo Global Management's retirement services — dac, dsi and voba changed year-over-year?
- Apollo Global Management's retirement services — dac, dsi and voba increased by 18.0% year-over-year, from $1.12B to $1.32B.
- What does retirement services — dac, dsi and voba mean?
- Capitalized costs of acquiring and retaining insurance contracts, amortized over time.