Business Segments · Insurance liabilities

Retirement Services — Insurance liabilities

Apollo Global Management Retirement Services — Insurance liabilities increased by 30.8% to $3.12B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 30.8%, from $2.38B to $3.12B.

Analysis

StatementSegment
CategoryRisk
SignalContext dependent
VolatilityStable
First reportedQ4 2021
Last reportedQ4 2025

How to read this metric

Growth in liabilities generally tracks the growth of the retirement business and the accumulation of assets under management.

Detailed definition

The total estimated future obligations to policyholders for insurance and annuity contracts. This represents the core lo...

Peer comparison

Standard metric for all life and annuity insurance companies.

Metric ID: apo_segment_retirement_services_insurance_liabilities

Historical Data

5 periods
 Q4 '21Q4 '22Q4 '23Q4 '24Q4 '25
Value$0.00$2.67B$1.74B$2.38B$3.12B
QoQ Change-34.7%+36.8%+30.8%
YoY Change-34.7%+36.8%+30.8%
Range$0.00$3.12B
Avg YoY Growth+11.0%
Median YoY Growth+30.8%
Current Streak2 quarters growth

Frequently Asked Questions

What is Apollo Global Management's retirement services — insurance liabilities?
Apollo Global Management (APO) reported retirement services — insurance liabilities of $3.12B in Q4 2025.
How has Apollo Global Management's retirement services — insurance liabilities changed year-over-year?
Apollo Global Management's retirement services — insurance liabilities increased by 30.8% year-over-year, from $2.38B to $3.12B.
What does retirement services — insurance liabilities mean?
The total amount the company expects to pay out to policyholders in the future.