Apollo Global Management Retirement Services — Embedded derivative, measurement input increased by 0.7% to $0.14 in Q4 2025 compared to the prior quarter. Year-over-year, this metric was flat by 0.0%, from $0.14 to $0.14. Over 3 years (FY 2022 to FY 2025), Retirement Services — Embedded derivative, measurement input shows an upward trend with a 7.6% CAGR.
Sensitivity to these inputs highlights the potential for earnings volatility due to market-linked product features.
The valuation inputs and assumptions used to price embedded derivatives within insurance contracts, such as guaranteed m...
Common for insurers offering variable or indexed annuity products.
apo_segment_retirement_services_embedded_derivative_measurement_input| 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 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| QoQ Change | — | +2.8% | +5.5% | +0.0% | +1.7% | +2.6% | +10.8% | +0.8% | +4.5% | +4.3% | -4.1% | +1.4% | -3.5% | -1.5% | +4.4% | +0.7% |
| YoY Change | — | — | — | — | +10.4% | +10.1% | +15.7% | +16.5% | +19.7% | +21.7% | +5.3% | +6.0% | -2.1% | -7.5% | +0.7% | +0.0% |