Apollo Global Management Retirement Services — Fixed income and other net investment income increased by 2.4% to $3.51B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 20.4%, from $2.91B to $3.51B. This is a positive signal — higher values indicate stronger performance for this metric.
Higher income indicates strong portfolio performance and effective asset-liability management, while lower income may suggest a challenging interest rate environment or credit losses.
This represents the net income generated from the segment's portfolio of fixed-income securities and other interest-bear...
Comparable to net investment income (NII) reported by life insurance and annuity providers.
apo_segment_retirement_services_fixed_income_and_other_net_investment_income| 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 | $1.21B | $1.30B | $1.47B | $1.73B | $1.96B | $2.21B | $2.24B | $2.34B | $2.45B | $2.63B | $2.81B | $2.91B | $2.91B | $3.18B | $3.42B | $3.51B |
| QoQ Change | — | — | — | — | +7.9% | +12.9% | +17.4% | +13.4% | +12.8% | +1.3% | +4.7% | +4.9% | +7.3% | +6.6% | +3.8% | +0.1% | +9.1% | +7.7% | +2.4% |
| YoY Change | — | — | — | — | — | — | — | +62.2% | +69.5% | +52.0% | +35.5% | +25.4% | +19.3% | +25.5% | +24.4% | +18.7% | +20.7% | +22.0% | +20.4% |