Retirement Services — Funds withheld at interest
Apollo Global Management Retirement Services — Funds withheld at interest decreased by 5.5% to $17.82B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 18.6%, from $21.90B to $17.82B. Over 3 years (FY 2022 to FY 2025), Retirement Services — Funds withheld at interest shows a downward trend with a -25.7% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Growth indicates an expansion of reinsurance activity and the scale of assets managed through ceded insurance contracts.
Detailed definition
Assets held by a ceding company under a reinsurance agreement that are legally owned by the reinsurer but retained by th...
Peer comparison
Common in reinsurance and life insurance sectors as 'Funds Withheld' or 'Funds Held under Reinsurance Treaties'.
apo_segment_retirement_services_funds_withheld_at_interestHistorical Data
| 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 | $52.60B | $48.31B | $44.67B | $42.69B | $40.55B | $36.86B | $30.93B | $27.74B | $26.59B | $25.11B | $23.81B | $21.90B | $20.71B | $19.74B | $18.86B | $17.82B |
| QoQ Change | — | — | -8.2% | -7.5% | -4.4% | -5.0% | -9.1% | -16.1% | -10.3% | -4.1% | -5.6% | -5.2% | -8.0% | -5.5% | -4.7% | -4.5% | -5.5% |
| YoY Change | — | — | — | — | — | -22.9% | -23.7% | -30.7% | -35.0% | -34.4% | -31.9% | -23.0% | -21.0% | -22.1% | -21.4% | -20.8% | -18.6% |
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Frequently Asked Questions
- What is Apollo Global Management's retirement services — funds withheld at interest?
- Apollo Global Management (APO) reported retirement services — funds withheld at interest of $17.82B in Q4 2025.
- How has Apollo Global Management's retirement services — funds withheld at interest changed year-over-year?
- Apollo Global Management's retirement services — funds withheld at interest decreased by 18.6% year-over-year, from $21.90B to $17.82B.
- What is the long-term trend for Apollo Global Management's retirement services — funds withheld at interest?
- Over 3 years (2022 to 2025), Apollo Global Management's retirement services — funds withheld at interest has grown at a -25.7% compound annual growth rate (CAGR), from $188.27B to $77.13B.
- What does retirement services — funds withheld at interest mean?
- Funds retained by a partner insurance company that accrue interest for the firm.